Prashank's Resume
Prashank Sapkota
[CPA (Aust.), CA (ICAI/ICAN), ISA, LLB, BCom]
- caprashanksapkota@gmail.com
- +977 9801116894
Summary
Motivated, energetic Chartered Accountant adeptin preparation and analysis of Financial Statements, Statutory Audit & Tax Advisory currently working as investment consultant with experience in financial modeling, project consultancy, loan feasibility, business valuation, due diligence, strategic advisory and FDI affairs. Dilligent information system auditor adept in information systems audit, efficiency, reliability and setting up information system ecosystem. Knowledgeable about legal provisions for laws currently active and applicable in Nepal.
Professional Experience
Post Qualification
Managing Director,
VPO Australia Pty Ltd
July 2022- Current
Melbourne, Victoria
CEO
VPO Nepal Pvt Ltd
Kathmandu, Nepal
Major roles and responsibilities:
- Lead a team of 8 staffs and head operations in head office in
- Communicate with client and maintain client
- Ensure quality of deliverables to CPA firms and direct
- Train staffs to ensure quality
- Provide Australian tax consulting along with trust election planning, company
- Provide book keeping and reporting services through Xero, Quickbooks, MYOB,
Proprietor
Prashank & Associates, Chartered Accountants
March 2021- Current
Kathmandu, Nepal
Major roles and responsibilities:
Operate own business and provide audit, accountancy, tax, financial services to various industries including real estate, commercial construction, hospitality, banking, insurance, construction, manufacturing, trading and investment industry.
Major roles and responsibilities:
- Client Relations and Quality Assurance
- Regulate and improve productivity of employees
- Audit assignments for hospitality, banking, insurance, construction, manufacturing, trading and investment industry and deal with client and tax authorities for conclusion of statutory
- Project consultancy, loan feasibility, project cost benefit analysis and progress report for big projects in real estate, commercial construction and
- Preparation of positive cash flow for the company, planning & management of cash inflow and cash
- Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting and other tax
- Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to prepare future revenues and expenses or to provide advice.
- Involvement in project Managing the Finance cost and planning of reinvesting the investments.
- Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual
- Provide financial, legal, management advisory to various
- Lead setup, management and audit of internal control systems in various
- Ensure compliance with Income Tax Acts, Excise Act, Value Added Act, NRB Directives, Banking and Financial Institution Act, Insurance Act and Banking Offence.
A brief highlight of the clients, assignments and areas worked on is as follows:
Industry/ Sector | Company/ Organization | Engagement |
Banking | Best Finance Company Limited | Internal Audit/NFRS Reporting |
Khaptad Laghubitta Bittiya Sanstha Limited | Internal Audit/NFRS Reporting | |
Real Estate & Commercial Construction | Aadar Multi Investment Company Ltd | Statutory Audit |
Yoyo Tower | Statutory Audit | |
Hospitality | Kalinchowk Darshan Limited | Projections for IPO Listing, Liaison with SEBON |
Satyawati Cable Car Private Limited | Statutory Audit | |
Educational Institutions | International School of Tourism and Hotel Management | Statutory Audit |
Hydropower | White Lotus Power Limited | Certifications for loans disbursement from bank and appropriation of funds |
Visiting Faculty
Atharva Business College
March 2020- March 2022
Kathmandu, Nepal
Atharva Business College is one of the pioneer of education industry which hosts programs such as BBA, BHM and BHCM.
Major Roles and Responsibilities:
- Worked as visiting faculty teacher for Cost Accounting for BHCM and Fundamentals of Accounting for BBA and BHM.
- Acted as official evaluator for Pokhara University for evaluation of board exams for BHM, BHCM and BBA.
Audit Manager
Bashyal & Associates, Chartered Accountants
March 2020- March 2021
Kathmandu, Nepal
Bashyal & Associates is one of the top audit firms in Nepal. It has been a pioneer of audit industry for 8 years now. It was established back in 2012. It has a wide array of client involved in real estate, commercial construction, hospitality, banking, insurance, construction, manufacturing, trading and investment industry.
Major roles and responsibilities:
- Lead audit assignments for hospitality, banking, insurance, construction, manufacturing, trading and investment industry and deal with client and tax authorities for conclusion of statutory
- Worked directly and indirectly for project consultancy, loan feasibility, project cost benefit analysis and progress report for big projects in real estate, commercial construction and
- Preparation of positive cash flow for the company, planning & management of cash inflow and cash
- Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting and other tax
- Analyze business operations, trends, costs, revenues, financial commitments, and obligations, to prepare future revenues and expenses or to provide advice.
- Involvement in project Managing the Finance cost and planning of reinvesting the investments.
- Develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual
- Provide financial, legal, management advisory to various
- Lead setup, management and audit of internal control systems in various
- Ensure compliance with Income Tax Acts, Excise Act, Value Added Act, NRB Directives, Banking and Financial Institution Act, Insurance Act and Banking Offence
A brief highlight of the clients, assignments and areas worked on is as follows:
Industry/ Sector | Company/ Organization | Assignment Handled |
Real Estate & Commercial Construction | Aadar Multi Investment Company Ltd | Prepared feasibility report and projections for loan financing. Price fixing and cost benefit analysis. Prepared projections for SEBON listing. Performed internal audit and progress report. |
Milaland Pvt Ltd | Prepared feasibility report and projections for loan financing. Price fixing and cost benefit analysis. Performed internal audit and progress report. | |
The Comfort Housing Pvt Ltd | Price fixing and cost benefit analysis. Statutory Audit | |
Yoyo Real Estate Pvt Ltd | Internal Audit | |
Yoyo Housing Pvt Ltd | Internal Audit | |
Hospitality | Royal Empire Boutique Hotel Pvt Ltd | Prepared feasibility report and projections for loan financing. Price fixing and cost benefit analysis. Performed internal audit and progress report. |
Revive Leisure Park Pvt Ltd | Prepared feasibility report and projections for loan financing. Price fixing and cost benefit analysis. Performed internal audit and progress report. | |
Manufacturing & Trading | J.N. Industries Pvt. Ltd. | Statutory Audit/ Tax Audit/Financial Projections/Feasibility Report |
J.N. Exim Pvt. Ltd. | Statutory Audit/ Tax Audit/Financial Projections/Feasibility Report | |
Avid Industries Pvt. Ltd. | Statutory Audit/ Tax Audit/Financial Projections/Feasibility Report | |
Banking | Nepal Finance Ltd | Internal Audit/NFRS Reporting |
NIC Asia Microfinance Ltd | Internal Audit | |
Health | Everest Medicines Pvt Ltd | MRP Reporting |
Service | Jawalakhel Group of Industries | Statutory Audit |
Hydro | Nalgad Hydropower Company Limited | Statutory Audit/NFRS Reporting |
Operation-Head
AGFS Group Nepal Private Limited
May 2017-March 2020
Kathmandu, Nepal
AGFS Group Nepal Private Limited is an off shore outsourcing KPO which is involved in outsourcing Australian tax consulting, book keeping from CPA firms or direct clients in Australia.
Major roles and responsibilities:
- Lead a team of 20 staffs and head operations in head office in
- Communicate with client and maintain client
- Ensure quality of deliverables to CPA firms and direct
- Train staffs to ensure quality
- Provide Australian tax consulting along with trust election planning, company
- Provide book keeping and reporting services through Xero, Quickbooks, MYOB,
CPA firms served: Sydney Accountants, BBAS Financial Services, R2M Accounting & Taxation
Pre-Qualification
Audit Assistant
V.Rohatgi & Co.
February 2014- February 2017
Chartered Accountants, Bangalore, India
A brief highlight of the clients, assignments and areas worked on is as follows:
Industry/ Sector | Company/ Organization | Assignment Handled |
Hospitality | Evolve Back Resorts Pvt Ltd | Internal Audit |
Club Mahindra, Ooty | Internal control set up | |
Banking
Service Sector | Union Bank Ltd. | Internal Audit |
Dena Bank Ltd. | Concurrent Audit | |
Axis Bank Ltd. | Recovery and Loans Audit | |
Deutsche Bank Ltd. | Stock Audit of different borrowers | |
Optimus IT India Pvt Ltd | Statutory Audit/Preparation of Financials/Accounting | |
Pheme Software Pvt Ltd
IBM, India | Statutory Audit/ Tax Audit. Preparation of Financials Stock Verification and Stock Report Compilation all over India |
Educational and Professional Qualification
| Level | Year |
|
Professional Qualification |
CA Membership Exam |
March 2021 |
Institute of Chartered Accountants of Nepal (ICAN) |
Professional Qualification | CA Final Group I CA Final Group II CA IPCC Both Groups CA CPT | May 2017 Nov 2016 May 2013 June 2012 | Institute of Chartered Accountants of India (ICAI) |
| |||
Professional Qualification |
Information Systems Auditor (ISA) |
December 2022 |
ICAN in technical support by ICAI |
Professional Certification |
Certified Education Counsellor |
|
TITI, CTEVT |
| Level | Year | Board |
Academic Qualification | Bachelor of Legislative Law (LLB) Bachelor of Commerce (B. Com) 10+2 SLC | 2023 2016 2012 2010 | TU, Nepal IGNOU, India HSEB, Nepal Government of Nepal |
Software Proficiency
- Tally
- SAP
- Finacle
- FinnOne, Oracle
- Xero, Quickbooks, MYOB, SageOne
- Expert knowledge in MS Excel and working knowledge in MS Word and MS
- Google’s web-based office suite such as Google Sheets, Google Docs, Google
Trainings
- Trainings related to management; communication& personality development conducted by ICAI (150 hours+).
- Information Technology Trainings conducted by ICAI(200 hours+).
- Certified Education Counsellor TITI CTEVT