Senior Associate
PwC - United Arab Emirates
Total years of experience :9 years, 6 Months
Scope of work includes audit of financial statements and internal control over financial reporting, tax audit and specified procedures engagements.
Involved in developing the audit plan, including testing strategy and the execution of audit plan which involves performing walkthroughs of the business processes, testing the operating effectiveness of the internal financial controls (IFC) and substantive testing. Evaluating internal control systems, identifying control weaknesses and suggesting appropriate recommendations to the management and based on the results of the audit procedure concluding the audit observation.
Project Experience:
•Worked on a diverse portfolio of clients ranging from small private companies to large multinationals, which includes a mix of SEC issuer clients, manufacturing entity in hospitality sector, retail client in fashion industry, and Information Technology Enabled Services (ITES) companies registered under Special Economic Zone (SEZ) regulations.
•Audit of Ind-AS (Indian accounting standards converged to IFRS) financial statements and assisted in first time adoption of Ind-AS financial reporting.
•Test of SOX controls and substantive testing as part of the Group audit of a SEC issuer company and its subsidiaries for the group reporting by the team in United States and Singapore.
•First -time adoption internal financial controls framework and preparation of Risk-Control matrix for the clients.
•Actively involved in mentoring and coaching staff members.
•Effective Project management involving regular status updates to the relevant stakeholders to bring in measurable efficiencies.
Assignments of audit of financial statements and internal control over financial reporting across various geographies, including US, Cayman Islands, Bermuda and India.
•Worked in a mix of Financing company, Retail sector, Employee Benefit Plans (EBP), BPO sector & Private Equity firm.
•Detailed audit of Non Complex entities in the Insurance sector.
•Test of Controls, Walkthroughs and substantive testing.
Statutory reporting. Activities included Preparation of financial statements of funds - Statement of total return, Balance sheet
and Management reports. The sub- activities are:
Carrying out Income and Expenses analysis and various reconciliations for the funds.
Finalization of NAV and distribution to shareholders.
Preparation of Portfolio statement.
Ongoing Charges figure (OCF).
Highest & Lowest pricing.
Supporting audit and review process and obtaining audit and tax sign offs.
Co-ordination with Business Partner, understanding their requirements and taking immediate decisions to cater the same.
Corporate accounting :
•Variance/Exception Analysis.
•Monthly close activities and review of Journal Entries.
•Cash Flow Worksheets validation with service organization (ADP) Reports and treasury reports.
•Preparation of process maps/ process flow/ narratives.
courses: - Chartered Accountant & Company Secretary •Post qualification- Completed Professional training of ISA (Information Systems Audit) 2.0 from Institute of Chartered Accountants of India (ICAI). •Chartered Accountant (CA) final Batch of November 2011 from Institute of Chartered Accountants of India (ICAI). •Company Secretary (CS) final Batch of June 2013