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CA Hemant J Mehta


Partner
B.Com, F.C.A., DISA, MBF (ICAI) ,Registered Insolvency Professional (IP) with 24 years of experience

Audit & Assurance, Insolvency & Bankruptcy Matters,Financial Restructuring

Hemant is a practicing chartered accountant having qualified course of Information Systems Audit (ISA) and Master of Business Finance (MBF) with ICAI .He has hands on experience in handling Statutory Audits of Limited and Private Limited Companies, Audits of Laisioning offices, Subsidiary companies of Foreign companies with capability of handling Risk Based audits and FX-Treasury Audits. He also experiences in Transfer Pricing Audits (Domestic as well as international) Taxation and capable of handling Risk Based audits and FX-Treasury Audits. Hemant has led meetings at Ghatkopar CPE Study Circle, Dombivli CPE Study Circle and Malad CPE Study Circle on the subject of Project Finance, Bank Audits,Accounting Standard, Budget Members Meeting.He has carried out Audits & Consultancy assignments for various clients having business as Financial fields like main brokers in NSE-BSE, commodity exchange, FIIs (sub-A/c), NBFC and portfolio managers advising regularly on risk based internal control systems. He is also a registered Insolvency Professional (IP) with IBBI (Insolvency and Bankruptcy Board of India).Hemant is the Vice President of Resolve Insolvency Professional Association (RIPA) and also Convener of Insolvency Professional (IP) study Group of WIRC.

Problem
Due to cost model followed under existing GAAP for Fixed Asset, company was not able to reflect strong market valuation of assets in financial statements....
Solution
IND AS implementation helped company in reflecting increase in fair value of assets in financial statements....

Published At: 19-Jan-2018

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