Iftekhar Ahmad
Delhi
Summary
Dynamic Audit Senior Associate with extensive experience at BDO RISE PRIVATE LIMITED, specializing in financial statement audits and regulatory compliance. Proven ability to lead teams, manage deadlines, and perform substantive testing. Adept in critical thinking and proficient in MS Office, delivering high-quality results in the not-for-profit sector.
Overview
4
4
years of professional experience
Work History
Audit Senior Associate Assurance
BDO RISE PRIVATE LIMITED
10.2023 - Current
- I have been associated with the not-for-profit industry for more than two years now.
- During this tenure, I have carried out Financial Statement Audits and Single Audit of educational institutions (universities and schools) and Research companies during the interim and peak busy season.
- I was responsible for communicating with onshore and sometimes clients as well to provide the detailed open items required and to discuss workflow.
- I have led the team, wherein I was responsible for managing junior team members regarding conceptual clarity and guiding them to perform testing and prepare working papers, emphasizing the importance of the testing we are performing. At the same time, I reviewed their work and reported to the engagement manager the status and any points of discussion required before going to the onshore or client.
- I have worked with NFP clients who have more than 80% integration with the US team. I have worked on major areas like the Scoping and Planning section and determined the approach of the audit, including determining the risks associated with the particular FSA, determining materiality, and which areas are significant and required to be scoped in. Performed substantive testing of scoped-in areas in detail, and based on testing, set up the opinion. Efficiently managed the work in busy season and delivered the work within deadline.
Senior Audit Associate
RAVIRAJAN& CO. LLP, CHARTEREDACCOUNTANTS
04.2023 - 09.2023
- Lead the team on Statutory Audit of Indian listed and unlisted Private Limited companies majorly in power and service sector.
- Worked on Limited review of one of the joint ventures of Reliance and Delhi Govt.
Audit Associate (Contractual)
BDO RISE PRIVATE LIMITED
01.2023 - 03.2023
- Worked on Statutory Audit of entities belonging to Real Estate Sector including HUD & VHDA compliances and involved in preparation of certain workpapers related to Trial Balance, PAR, Cash flow support, FS preparation and tie outs, etc.
- Worked on financial statement audit and assisted testing work of major financial statement areas.
- Assisted in planning and scoping stage of audits.
Article Assistant
RAVIRAJAN& CO. LLP, CHARTEREDACCOUNTANTS
12.2021 - 02.2022
- Statutory Audit of Corporates in Power transmission and Service Industry (Publishing and conversion services, Data Management services, IT services, reseller of premium smartphones, tablets, laptops, and other wearable gadgets).
- Audit planning and Risk assessment; Verifying Actuarial data, assumptions, valuation, and its report; Verification of Balance Sheet and Profit & Loss statement items; Overall Analytical Review (OAR); Reconciliation of Statutory dues like GST, TDS, PF, ESI, Bonus, vendor reconciliation and Gratuity; Documentation and maintaining Audit File.
- Co-Lead a team of 6 members for statutory audit of a Public Company having a turnover of more than ₹ 10164.08 crores for the FY 21-22.
- Obtained necessary evidence to verify the Assertions: Existence, Occurrence, Accuracy, Completeness, Valuation, Rights and obligations, Classification and Cut-off.
Skills
- Financial statement audits
- Substantive testing
- Audit planning
- Workpapers preparation
- Regulatory compliance
- Time management
- Critical thinking
- Balance sheets
Extracurricular Activities
Secured Exemption in the following subjects: 71 marks in Economic Laws in CA Final 61 marks in Advanced Accounting 64 marks in Cost Accounting & Financial Management 74 marks in Auditing & Assurance at CA- IPCC level.
Professional Academic Qualification
- CA-Final, 11/2022, ICAI
- CA -Intermediate, 2018, ICAI
- B. Com, 05/2015, University of Delhi
- Class XII, 2012, K.V Sector 2 R K Puram (CBSE)
- Class X, 2010, K.V Sector 4 R K Puram (CBSE)
Timeline
Audit Senior Associate Assurance
BDO RISE PRIVATE LIMITED
10.2023 - Current
Senior Audit Associate
RAVIRAJAN& CO. LLP, CHARTEREDACCOUNTANTS
04.2023 - 09.2023
Audit Associate (Contractual)
BDO RISE PRIVATE LIMITED
01.2023 - 03.2023
Article Assistant
RAVIRAJAN& CO. LLP, CHARTEREDACCOUNTANTS
12.2021 - 02.2022
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