Deepti Madaan

Job Responsibilities:

• Lead Audit Engagements:Manage comprehensive audit engagements from inception to completion, encompassing planning, scoping, and strategy formulation.
  Determine audit materiality and risk assessment frameworks, ensuring alignment with client objectives and regulatory standards.
  Conduct detailed audit procedures for significant accounts including cash, receivables, payables, intercompany transactions, taxes, loans, administration, and cost of sales.
  Utilize advanced data analytics tools to perform in-depth analytical reviews and validate financial information with precision.
  Prepare client audit schedules and liaise with clients to resolve queries, ensuring clarity and accuracy in financial reporting.
  
• Internal and External Control Testing:Execute internal control testing to evaluate the effectiveness of controls within the audited entity, ensuring compliance with auditing standards and regulatory requirements.
  Perform external control testing for third-party service providers impacting financial reporting, assessing control effectiveness and mitigating risks.
  Identify relevant controls, obtain assurance through audit reports or direct testing, and evaluate their impact on financial statement accuracy.
  Document findings and recommendations related to control deficiencies, providing insights to stakeholders and supporting audit opinions.
  
• Team Coordination and Review:Lead multidisciplinary audit teams, coordinating efforts across various functional areas and entities to optimize audit efficiency and quality.
  Review and evaluate workpapers prepared by team members, ensuring adherence to audit methodology and quality standards.
  Conduct regular team meetings and calls with onshore counterparts to update on audit progress, discuss findings, and address client queries promptly.
  
• Financial Statement Analysis and Reporting:Perform journal entry testing and comprehensive disclosure checklist reviews on financial statements, ensuring completeness and accuracy of disclosures.
  Analyze financial data, conduct variance analysis, and identify opportunities for operational improvements and cost savings.
  Prepare detailed audit reports and presentations for senior management and client executives, providing strategic recommendations based on audit findings.
  
• Continuous Improvement and Compliance:Stay updated on evolving auditing standards, regulations, and industry trends to enhance audit methodologies and practices.
  Drive continuous improvement initiatives within the audit team, implementing best practices and leveraging technology for enhanced audit effectiveness.
  Ensure compliance with International Financial Reporting Standards (IFRS), Generally Accepted Accounting Principles (GAAP), and other relevant regulatory frameworks.