Bharadwaj Reddy D

Industry: Venture Capital

Clients: Chiratae Group, Stellaris Group, Pravega and WEH ventures:

• Led and executed end-to-end audits for multiple venture capital firms, ensuring compliance with GAAP and regulatory standards.
• Assessed fund structures, capital calls, distributions made and PPM of the funds.
• Recomputed accrual of carried interest calculations with precision for various stages of Funds.
• Recomputation of allocation of Unrealized gain/loss on investments, expenses and other income to unitholders.
• Verification and recomputing NAV for the unitholders.
• Worked on valuation for portfolio investments and ensuring compliance with IPEV guidelines.
• Collaborated with cross-functional teams for obtaining valuation clearance for investments.
• Rolling out independent confirmations to portfolio investments companies and reconciliation of number of shares and % of stake held by Funds with financials.
• Review of financial statements of funds and ensuring compliance with reporting framework.
• Managed client communications, timelines, and deliverables, consistently meeting tight deadlines.

Industry: Manufacturing & Trading and E-commerce

Clients: Listed and Unlisted private limited companies

• Successfully managed & performed various Statutory audits of various industries like Manufacturing & Trading & E-commerce Industries.
• Presented & discussed principal key areas i.e. Revenue, Payroll, Purchases, Investments, PPE & other critical areas, audit findings and issues with engagement partner and engagement manager and appropriately addressed the same and proposed recommendations to the client based on the audit findings.
• Reviewed financial statements and related disclosures in accordance with Generally Accepted Accounting Principles such as Indian GAAP and IND AS, CARO, Tax audits.
• Performed analytical review of all financial statement captions.
• Conducted risk assessments by understanding entity operations, testing controls, and performing walkthrough of business processes such as Payroll, Treasury & PPE.
• Tested and reperformed lease calculations as per Ind AS 116.
• Worked on Substantive testing for various financial Captions like Revenue, Payroll, PPE, Investments, Equity, Trade Receivables, Trade Payables, other expenses & Leases.
• Prepared key deliverables including audit report, audit plan and board meeting presentation.
• Preparation of various certificates like ODI and APR certificates.
• Performing physical verification of inventory, verification of adherence to standard operating procedures (SOP’s) and reporting on the findings.

• Maintaining books of accounts in Zoho and Tally, reviewing compliance with regard to the GST Laws and filing of returns.
• Projecting tax liability and calculation of advance tax payable.
• Filing of TDS quarterly returns and monthly payments.

• Reviewing the Financial Statements to ensure compliance with applicable reporting framework (Schedule III, Accounting Standards or IND-AS compliances as per the applicability).
• Performing analytical procedures to detect unusual variances in financial statements.
• Engaged in audit finalization of listed companies, more involvement with regards to revenue and loans.
• Performing limited review of listed companies.
• Documentation of the audit procedures performed and the conclusions reached.
• Reviewing statutory compliances such as PF, PT, Gratuity and Bonus.
• Preparation of the Form 3CD and annexure as a part of Tax Audit.
• Preparation of Income Tax Computations by complying with the ICDS and filing of Income Tax returns.
• Checking compliances with regarding to TDS.