Associate Director
Crowe Horwath
Total years of experience :19 years, 10 Months
Review of various audits involved varied activities including accounting (Balance sheet, Income statement and cash flows); analyzing, reviewing, finalizing and delivering varied reports to the clients.
Managing the team of around 10 to 15 Audit Staff. Preparing various reports related to the team members and handling any escalations including resource management within the organization.
Revenue Planning (Forecasting) - Assessing the revenue that can be generated from a particular engagement. Fix up the estimated realization percent for the new engagements that are to be opened based on the past experience with the client.
Financial Reporting - Preparing reports that contain the time and expense detail that is being charged to the respective engagements and also the report that contains the engagement history like the cost, profit, invoices processed and invoices collected etc.
Co-ordination and liaising with Head Office and Other Crowe Horwath Offices.
Meeting the budgeted targets given along with satisfactory quality in job.
Successfully handled Statutory Audit of Reliance Infrastructure Company- India's largest infrastructure company developing projects, through various Special Purpose Vehicles (SPVs), in several high growth areas in the Infrastructure sector i.e. Roads, Metro Rail and Cement. The Company is also the leading utility service provider having presence across the value chain of power businesses i.e. Generation, Transmission, Distribution, Trading of power. (Turnover of Rs. 15, 690 Crore)
The above client being a listed entity involved reporting as per Indian GAAP and in accordance with Securities Exchange Board of India (SEBI) guidelines.
It involved review of Electricity Tariff plans for Distribution of Electricity Division in accordance with Government Electricity Regulatory Board and ensuring booking of tariff as per revenue recognition policy in accordance with Indian Accounting Standard 9.
Ensuring the Capitalisation of Power Plant, in accordance with “Indian Accounting Standard 10 - Fixed Assets of India”, with respect to Generation of Electricity Division.
Ensuring the Revenue and Cost of Engineering, Procurement and Construction (EPC) Division in lines with “Indian Accounting Standard 7 Construction Contracts”.
Successfully handled clients like Kellogg’s India Private Limited, Welspun Group, ATC Tires, Ravin Cables, and many more.
The above assignments involved preparing and auditing of financials of the clients within the strict timelines with satisfactory quality.
It also involved assisting clients in implementation of various internal controls as per US GAAP (SOX and COSO framework) guidelines, suggesting cost control measures, valuation, preparing budgets and plans, checking of the IT systems and ERP Implementation, recommending finance measures etc.
For Welspun Group played a key role being a Parent auditor and acted as a center point of contact for the component auditors worldwide of the Entity and preparation of Financial Statements in accordance with Accounting Standard 21 of India-Consolidated Financial Statements”.
Limited Reviews in accordance with SEBI guidelines.
Certification work for Derivatives transactions.
Reviewing budgets and conducting variance analysis to determine difference between projected & actual results.
Successfully handled Statutory Audit of all the major Logistics Company like Maersk Group, CMA CGM Group and DHL Danzas Group.
The above assignments involved preparing and auditing of financials of the clients within the strict timelines with satisfactory quality.
Group reporting as per IFRS standards.
Streamlined the system issues faced during the transition phase due to change in accounting software from legacy system to SAP system.
Review of Internal Control Questionnaire in lines with the Global guidance issued by the Parent auditors of Shipping Companies.
Reviewing cash flow and cash position of the company and monitor the adequacy of cash for revenue and capital expenses in the business.
Review of Business and Financial Processes and suggesting improvements on the same
Understanding key drivers of the business and accordingly evaluating the underlying financial performance of the company along with its financial position.
Highlighting key risk areas typically around dependence on customers / suppliers, potential liabilities, margin trends etc.
Analyzing the Financial Statement and highlighting the key issues to the Top Management and Audit Committee Members.
Successfully handled Statutory Audit of all the major Advertising Companies like Draft FCB Ulka, Lintas Media, Karishma Advertising Private Limited etc.
The above assignments involved preparing and auditing of financials of the clients within the strict timelines with satisfactory quality.
Group reporting as per IFRS standards