Chirag Agarwal

Background

About Chirag Agarwal

Work Experience at BDO India Audit Planning • Assisted in drafting Engagement Letters, Client Acceptance, and Re-acceptance for the Initial and Concurrent audit engagements. • Assisted in determining the Materiality of entities operating in service industries. • Assisted in understanding the entity- it’s a business operation, industrial positioning, and IT Environment. • Risk analysis as per revised ISA 315 – Scoping in FSAs on the basis of allocated risks. • Conducted Preliminary Analytical Reviews for the purpose of Risk Analysis. • Design and Implementation of controls for variousfinancialstatements areas. • Assisted in preparation of Form-4(Required only when the client have foreign relationships). Audit Execution • Analyze the evidence provided in support of the balance’s selection in the planning stage. • Performed checking of individual transactions, re-performing calculations, and physically verifying certain assets. • Overall analysis reporting with YOY comparison. • Substantive testing of Revenue, Purchase, Inventory, PPE, Tax, Operating Expense, Employee Benefits Expense, and Payables. • Responsible for reporting directly to Managers, Directors, and Partners. • Summary Memorandum for the reporting procedures. • Distributes the audit activities among the audit team according to audit plan asrequired Audit Conclusion • Performed re-review invoices, disbursement, and other simple and last-minute checkups on financial books of account. • Matched all the final balances of Financials statements area as per auditors working with the books of accounts. • Obtained Closing Independences from the engagement teams involved in that particular audit assignment. • Prepared the summary of all misstatements found during the planning and execution stage and have disclosed the same under Representation Letter and Management Letter. • Prepares an final audit checklists to confirms compliance against a particular standard in an organized manner like CARO 2020,SAs Checklist 2022, Accounting Standards Checklist and etc. Tax Audit • Ensure factual accuracy of information provided by assessee in Form No. 3CD, performance of required audit procedures to check the same and appropriate documentation in support of his audit report.