Arunkumar Prakasam
Chartered Accountant
Chitlapakkam
Summary
A Chartered accountant with 10+ Years of Post qualification experience with robust background in audit and assurance, known for high standards and results-driven approach. Expertise in leading audit teams and managing complex financial reviews. Highly reliable, adaptable to changing needs, and skilled in risk assessment and regulatory compliance.
Overview
14
14
years of professional experience
Work History
Local Statutory Reporting (LSR)- Process Lead
Shell India
03.2020 - Current
- Currently leading all aspects of end-to-end implementation of new ERP (SAP-S/4 GR) solution for Statutory financial reporting in Shell, overseeing project progress, system design, integration, testing and go-live process to ensure seamless deployment across the organization.
- Reviewer of Shell’s Foreign Investments/Subsidiaries in UK and Australia region for Impairments in Compliance with IFRS.
- Reviewer of Shell’s UK and Australian entities Statutory financial statements for Compliance with IFRS and financial reporting.
- Lead a team of professionals in ensuring timely preparation, audit and filing of statutory accounts for Shell’s Foreign Subsidiaries, which involves liaising with big 4 audit firms.
- Monitoring quarterly regulatory compliances under US SEC – Investment Act for all Investments made by Shell.
- Controller of Holding entity, responsible for reviewing Forex balances, High value investments, regular balance sheet variances and month close process.
- Playing an active role in ensuring integrity of Monthly reporting data (MRD) within the ERP system (SERP) and ensuring all reporting requirements are met.
- Working closely with other teams like tax, legal, transaction processing, Group Reporting etc. And ensuring compliance with standard internal controls associated with the statutory reporting.
Manager, Audit and Assurance
Deloitte Haskins & Sells- India
12.2015 - 01.2019
- Handled statutory and tax audits for listed entities and MNC’s across various Industrial sectors and having successful track of delivering as Team leader.
- Lead teams in statutory audit and group audits with practical knowledge on IND AS and IFRS.
- Delivered engagements on assessing Internal controls of Company and assisting clients in framing robust risk control environment.
- Assisted in developing exception tool based on the industry of client.
- Planning, conducting and managing statutory audit assignments in line with the International Standards on Auditing and Deloitte’s Audit Manual.
- Co-ordinating between stakeholders and acting as single point of contact for the client, the partner/director, and Quality review partner and Deloitte member firms.
- Assignments handled include
- Translation of Financial Statements to Ind-AS;
- Handled clients in Indian GAAP / Ind-AS, IFRS environment, often involving simultaneous audit under different GAAPs/Accounting Standards;
- Tax audit under Income Tax Act, 1961;
- Certification assignments;
- Quarterly review engagements.
- Major Clients handled include:
- Engineering and Construction Company, Largest in India with Global presence.
- Multinational technology company dealing with software products and Licenses.
- Automobile manufacturing company, presently second largest in India.
- Awards and Achievements:
- Two-time Recipient of Deloitte ‘Move the Dot’ award for contribution to the audit practice.
- Promoted as Deputy Manager from Assistant Manager in June 2017 and Promoted as Manager from Deputy Manager in June 2018 on Fast track basis.
- Delivered presentations on Ind AS and conducted trainings for New Joiners at regular intervals.
Executive
Ernst & Young (EY)
11.2014 - 12.2015
- Quarterly Limited Review assignments in health services sector- Clients Handled Include – Fortis Malar Hospitals Ltd.
- Special review assignments and Reporting to Partner/Senior Manager.
- Statutory audit of Private Limited Companies – In Manufacturing and Service sectors.
- Certification and Tax Audit Assignments.
Audit Executive
Suri & Co, Chartered Accountants
03.2012 - 10.2014
- Responsibilities include auditing significant components of client and reporting to Partner. Preparing financial statements and Audit report.
- Was part of Audit team of Listed Software Services Company and statutory bank audit.
Education
Chartered Accountant -
ICAI
05.2014
Bachelor of Commerce – Distance Education - undefined
Madras University
05.2011
High School - undefined
Sri Sankara Vidyalaya
03.2008
Skills
Leadership trained
Collaboration
Process improvement
Analytical skills
Teamwork and collaboration
Project management
Team supervision
INTERNSHIP EXPERIENCE
- ARTICLEd ASSISTANT| Devdhar Joglekar & Srinivasan, Chartered Accountants
- Responsibilities include review and verification of FEMA & Regulatory Compliances and monthly reporting of exceptions.
Timeline
Local Statutory Reporting (LSR)- Process Lead
Shell India
03.2020 - Current
Manager, Audit and Assurance
Deloitte Haskins & Sells- India
12.2015 - 01.2019
Executive
Ernst & Young (EY)
11.2014 - 12.2015
Audit Executive
Suri & Co, Chartered Accountants
03.2012 - 10.2014
Bachelor of Commerce – Distance Education - undefined
Madras University
High School - undefined
Sri Sankara Vidyalaya
Chartered Accountant -
ICAI
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