Pankaj Yadav’s Post

Heartiest congratulations to all who cleared their CA Intermediate exams. If you are looking to join us for your articleship, here’s the details!

Cheers to everyone who conquered #CAIntermediate! 🎉 Your success is truly remarkable, and we can't wait to jubilantly celebrate with you. Sharing below post for people who are interested in pursuing articleship from BSR (member firm of KPMG).

🌟Experience vs qualification🌟 Recruiters should recognize that while a client may request a CA(SA), it’s important to understand that this qualification, while prestigious, doesn’t always define capability. Many skilled finance professionals without the chartered title bring valuable experience, practical knowledge, and strong problem-solving abilities. The assumption that only ‘book smart’ individuals excel in finance overlooks the importance of hands-on experience. Taking a non-traditional path doesn’t mean someone is any less capable of performing at the same high level. Real-world skills are just as important and deserve proper recognition.

Congratulations to everyone who cleared their CA final and intermediate exam yesterday. Everyone who has cleared the exam must be looking for Job/articleship. If your preferred domain is Statutory Audit. Then, I have good news for you. I have been working in Statutory Audit for almost 8 years and guided more than 500 CA freshers in last years. Based on my experience in this domain, I am starting a series of frequently asked questions in statutory audit along with its answers for the next 21 days. Bonus Tip - Introduction → I have seen that many times that candidate does not include his/her hobbies in introduction. It is very important to mention what you do apart from your work. I will give you one example, I was giving one interview and it was director round and I mentioned in introduction at the end that "Apart from my work, I am a fitness enthusiast and I go to gym 6 days a week and I also run in marathons" The director was so impressed that she start asking me questions on that like, How you manage your gym/running schedule along with work and all? Is it very hectic to manage both work and gym? She also appreciated me for working on my passion along with work, also mentioned that generally people tend to lose track of their passion once they start CA. I know at that point only that I created a strong impression and then the rest of the interview went very smoothly. Yes, I did well in other parts of the interview but that was the best part of the interview. Let me know your thoughts? #Audit #Introduction #Hobbies #FAQ

Role of a Chartered Accountant has evolved in recent times with evolving technology, increasing business compliances, evolving industry norms, increasing business processes etc. When i cleared my Chartered Accountancy i was fortunate to have a clarity on the field i wanted to pursue my career in, which was Risk Advisory I realised the importance of understanding the business processes and strategies in depth before you enter the audit environment in any organisation. A role of a CA while conducting an internal audit is not just to interpret the data and ensure controls around financials and ERP but also to understand the operations of the organisation thoroughly. With an experience in Auto, Manufacturing and Metal Mining industry, everyday is a new challenge given the complexity of the operations in these sectors. When i was pursuing CA i never thought that i would have to gear up with PPE kits at 5.45 am in the morning to visit Mines and Pits. But that’s the beauty of this course. It’s so dynamic once you are out there. Happy CA day to all the CA aspirants and professionals who are working hard each day! Cheers!✨ #CA #CharteredAccountant #InternalAudit #ICAI #RiskAdvisory

Talking about the domains, a CA candidate would usually choose to go into will be either Audit , Finance or Taxation. It's imprinted in his/ her mind that there's no world outside these few domains. But today I would like to put spotlight on the rarest talked about domain i.e.FDD. "FINANCIAL DUE DILIGENCE". Remember the chapter we all use to study in audit. It's just not a chapter to score marks but completely a different ballgame altogether. To give the percipient of it, I had the privilege to get connected with CA Yashvardhan Goyal (AIR 7). He guided so well for this domain covering all the points as follows:- 1. Career trajectory 2. hierarchical exposure 3. Skills requirements 4. CV preparation technicalities 5. Important key terms 6. Exit options 7. Analytical Skills( must) So much was covered into the session that it gave a different perspective of looking into the job market for the CAs. This was something, all CA candidates should learn and be aware of and decide for themselves. Thank you CA Shivam Palan for the wonderful opportunity. #ca #fdd #financialduediligence #big4 #job

Semi Qualified

In my first 10 days as a CA trainee, I've had the opportunity to work across multiple audit domains, including statutory audit, tax audit, concurrent audit and stock audit. This exposure has allowed me to observe real-time processes, understand compliance requirements, and develop a foundational understanding of internal controls and audit procedures. I'm gaining valuable insights into the practical aspects of auditing, while honing my analytical and problem-solving skills. I've been auditing several banks and pharmaceutical company. Mainly I am focusing on concurrent audit Concurrent Audit Observations- generally focus on identifying issues in real-time transactions and internal processes. Some common observations include: - **Deviation from internal guidelines**: Transactions processed without following established procedures. - **Cash or stock discrepancies**: Mismatches between physical stock or cash and records. - **Delay in reporting transactions**: Transactions not recorded within the required timeframe. - **Non-compliance with regulatory norms**: Issues like incomplete KYC documentation or failure to meet statutory requirements. - **Inadequate approvals**: Transactions executed without the necessary approvals or documentation. - **Operational inefficiencies**: Delays or errors in processing transactions, leading to higher risk of losses. These observations help in early detection of risks and taking corrective measures promptly.

Opening for CMA candidates

CA results are out !!! 🥵 As usual pass rate is not that great. This post is dedicated to the candidates who couldn't make it through this time. Here is the time-line of roller coaster ride I took for becoming a Chartered Accountant. I joined under direct entry scheme so I had to manage my inter exams during my articleship.👉 2015 May - Failed both groups of inter 2015 Nov - Failed both groups 2016 May - Failed second group, Passed 1st group 2016 Nov - Failed 2017 May - Failed G2, passed G1 2017 Nov - Failed 2018 May - Failed 2018 Nov - Failed 2019 May - Passed Inter 2019 Nov - Skip 2020 May - covid (Exam cancelled) 2020 Nov - Failed 2021 May - Failed (Exemption in SFM) 2021 Nov - G1 passed ( with 1 exemption in G2) 2022 May - Failed 2022 Nov - Failed 2023 May - 🎉 Become a Chartered accountant 🎉 After qualifying as a CA fresher I cracked multiple interviews of Big firms in Business consulting and Audit domain both in India and abroad. I bagged one of the best package offered to a CA fresher in my state from one of the big4. And I got placed at BDO UAE. So work hard guys !!! Always remember that you are doing one of the toughest professional course out there, Don't let this failure demotivate you. Pain of failure is temporary but pride of success is forever 💯 #HalfCA #icai #icaistudents #caexams #ipcc #caaspirants #caarticleship #successmindset