TIRUPATI RAO GURRALA
Hyderabad
Summary
Detail-oriented Finance Professional and Chartered Accountant with 8.5 years of experience in statutory audit and financial reporting. Expertise in record-to-report processes, encompassing month-end and year-end close, general ledger review, and financial reporting under IND AS, IFRS, and US GAAP.
Overview
13
13
years of professional experience
Work History
Audit Manager
Ernst & Young
Hyderabad
11.2022 - Current
- Led, mentored, and appraised a team of 12+ professionals across concurrent engagements — providing real-time technical coaching on complex accounting areas (revenue recognition, Ind AS 116, consolidation), driving measurable improvement in output quality, and building a self-sufficient team recognized by the engagement partner for consistent high-performance delivery.
- Conducted in-depth evaluation of revenue recognition policies, accruals, provisions, and impairment assessments — assessing the completeness and accuracy of journal entries, cut-off procedures, and period-end accounting entries across multiple listed and private sector clients.
- Leveraged data analytics tools to perform GL-level analysis, identifying anomalies, unusual journal entries, and reconciling items across large volumes of transactional data — enabling faster close review cycles and improving overall reporting accuracy.
- Reviewed and validated completeness of month-end and year-end journal entries including accruals, prepayments, provisions, depreciation, and reclassification entries across client general ledgers.
- Reviewed intercompany balances and elimination entries as part of group consolidation, ensuring accuracy of consolidated financial statements and resolution of intercompany mismatches.
- Worked closely with client finance teams to review and validate year-end and interim financial statements, ensuring accurate reflection of period-end accounting adjustments, reclassifications, and disclosures in line with applicable reporting standards (Ind AS / IFRS).
- Performed flux analysis on key balance sheet and P&L line items, investigating and documenting explanations for significant period-over-period movements.
Audit Manager
PwC SDC
Hyderabad
10.2020 - 11.2022
- Led audits for US private companies under US GAAP, including group audits, limited reviews, and statutory audits.
- Reviewed and validated complex accounting entries under US GAAP, with technical expertise in revenue recognition (ASC 606) and lease accounting (ASC 842), ensuring accuracy and compliance in financial close processes
- Reviewed trial balances, supporting schedules, and reconciliation packs prepared by client finance teams, validating accuracy of reported balances and identifying posting errors requiring correction.
- Performed and reviewed substantive testing and analytical procedures on balance sheet and P&L accounts, directly translating to strong RTR controls and reconciliation ownership
- Collaborated with onshore controllers and senior finance stakeholders to resolve open items, accounting queries, and misstatements identified during close review.
Deputy Manager
Deloitte
Chennai
12.2017 - 09.2020
- Managed end-to-end review of the financial close cycle for listed entities — including quarterly and annual close, consolidation of group financial statements with intercompany eliminations, and assessment of ICFR controls embedded within the Record-to-Report process.
- Contributed to a complex demerger transaction, including segregation of assets and liabilities across entities, preparation and review of carve-out financial statements, and ensuring completeness of opening balance sheet entries and restatements in line with accounting standards.
- Developed and documented process flow diagrams and Risk Control Matrices (RCMs) for RTR sub-processes — including GL close, intercompany, fixed assets, and financial reporting — providing deep understanding of end-to-end R2R workflow.
- Performed walkthroughs of the full RTR cycle with client finance teams, including chart of accounts governance, recurring and manual journal entry processes, balance sheet substantiation, and reporting pack preparation.
- Identified control deficiencies in the close process (e.g., lack of reconciliation review, improper cut-off, inadequate segregation of duties in journal posting) and worked with finance teams to design remediation plans.
- Reviewed quarterly limited review financials, assessing adequacy of accruals, provisions, and disclosures — engaging with client CFOs and Finance Controllers on unresolved accounting matters.
- Reviewed and validated month-end accrual schedules across operating expenses, payroll liabilities, warranty provisions, legal contingencies, and tax provisions — ensuring completeness, accuracy, and appropriate accounting treatment in line with Ind AS / IFRS requirements.
- Assessed adequacy of management estimates underlying key provisions, challenging assumptions and ensuring supporting documentation was sufficient to substantiate recorded balances.
- Evaluated revenue cut-off procedures at period-end, validating that revenue entries were recorded in the correct accounting period with appropriate supporting documentation — ensuring compliance with Ind AS 115 / IFRS 15 recognition criteria.
- Performed comprehensive gross margin analysis for a listed pharma client operating across Pharma, FMCG, and Private Label (PL) segments — dissecting category-wise GM contribution and segment-level profitability trends to identify key drivers of margin performance across reporting periods.
Articled Assistant
Thota & Associate
Hyderabad
04.2013 - 06.2016
- Executed statutory and tax audits, ensuring compliance with regulations and accuracy in financial reporting.
- Prepared financial statements and audit reports aligned with Indian GAAP, facilitating transparent financial communication.
- Managed preparation of books of accounts and closure of accounts for year-end audit process, streamlining audit readiness.
- Executed incorporation processes for companies, LLPs, and firms, including ROC filings.
Education
Diploma in IFRS -
ACCA
UK12-2025
Chartered Accountant -
Institute of Chartered Accountant of India
Hyderabad01-2017
Bachelor of Commerce - Finances & Accounts
Indira Gandhi National Open University
Hyderabad01-2016
Skills
- Financial Reporting — Ind AS / IFRS / US GAAP
- Consolidation of Financial Statements
- Month-End / Year-End Close
- Flux & Variance Analysis
- Intercompany Accounting, Eliminations & Reconciliations
- Internal Controls over Financial Reporting (ICFR)
- Balance Sheet Reconciliations & Substantiation
- Journal Entry Review & Approval
- Data Analytics
- Team Leadership & People Management
- Stakeholder Management
Accomplishments
- Deloitte - 'Move the Dot', 'Live the Dot'
- PwC - SPOT, RTR, R&R
- EY - SPOT, ECS, Achiever Extraordinaire, User recognition
Languages
- English
- Telugu
- Hindi
Timeline
Audit Manager
Ernst & Young
11.2022 - Current
Audit Manager
PwC SDC
10.2020 - 11.2022
Deputy Manager
Deloitte
12.2017 - 09.2020
Articled Assistant
Thota & Associate
04.2013 - 06.2016
Diploma in IFRS -
ACCA
Chartered Accountant -
Institute of Chartered Accountant of India
Bachelor of Commerce - Finances & Accounts
Indira Gandhi National Open University