Hi, I’m
Jai Narayan Verma
Audit Manager
Gurugram
Summary
Accomplished Assurance Manager specializing in external audits for public and private clients in accordance with US-GAAP/IFRSand IAS . Methodical and organized professional with 8.9 years of experience and authenticity in building positive relationships with clients. Enthusiastic about taking on new challenges.
Overview
9
years of professional experience
7
years of post-secondary education
1
Certification
Work History
EY
Audit Quality Manager
10.2023 - Current
Job overview
- Conduct reviews of audit files (from risk assessment to substantive procedures) and reports to ensure accuracy, completeness, and adherence to quality standards.
- Lead quality assurance reviews and internal audits to identify gaps, and recommend corrective actions for audit processes.
- Identify and assess risks associated with audit processes (Revenue, Accounts Receivable, Inventory, Cash, estimates, etc.). And develop strategies to mitigate those risks.
- Delivered high-quality reports that effectively communicated findings and recommendations to clients and stakeholders.
- Conducted thorough audits to ensure adherence to industry standards and regulatory requirements, maintaining compliance consistently.
- Provide training and support to audit teams on best practices, methodologies, and regulatory requirements of IFRS/US GAAP (IFRS 15, ASC 606, ISA 600, etc.).
EY
Audit Assistant Manager & Audit Senior
10.2019 - 09.2023
Job overview
- Supervising the audit of public and private clients in accordance with US GAAP and PCAOB audits, currently with a team of six associates.
- Worked on data analytics using EY's Internal Analyzer for revenue, accounts receivable, accounts payable, and PP&E to analyze the trends and perform the risk assessment procedures based on a first data approach, and assess the extent of testing required at the account level for a public/private client.
- Evaluated internal controls across various business units, identifying weaknesses that could lead to financial misstatements or fraud.
- Managed root cause analysis investigations, determining underlying issues in product failures and implementing corrective actions as necessary.
- Managed high-performing audit teams, providing mentorship and guidance to junior staff members.
- Trained and mentored department staff on policies and procedures to establish strong foundation for client development and service activities.
EY
Audit Associate
08.2016 - 09.2019
Job overview
- Create and maintain detailed working papers that support audit conclusions and comply with professional standards.
- Prepared working papers, reports and supporting documentation for audit findings.
- Managed multiple simultaneous audit engagements while maintaining strict adherence to deadlines and quality standards.
- Worked on audit engagements for industries in retail trade, real estate, manufacturing, healthcare, education services, non-profit, and human resources.
- Analyze financial statements and various substantive procedures (tests of details), and other relevant audit procedures to identify discrepancies, trends, and areas of concern.
- Worked on the implementation of ASC 606 (Revenue) for a recurring public/private client on their customer contracts. Formed various control attributes and substantively tested the contracts every quarter using the Five-Step Method of ASC 606.
Education
All India Management Association (AIMA)
Post Graduation Diploma In Finance
07.2023 - 08.2024
AICPA, Washington Board
Certified Public Accountant (CPA)
08.2021 - 01.2023
Amity University
Post Graduation Diploma from Public Accounting
12.2019 - 12.2020
University of Delhi
Bachelor of commerce
07.2010 - 08.2013
Skills
IFRS/US GAAP Standards
Accomplishments
- Exceptional Client Service Award, 12/31/20
- SPOT award, 12/31/18
- SPOT award, 12/31/19
- SPOT award, 12/31/20
- SPOT award, 12/31/23
- SPOT award, 12/31/24
Interests
Playing Cricket
Traveling
Cooking
Certification
Achieved "Better US - Teaming" EY Badge in May 2021.
Timeline
Audit Quality Manager
EY
10.2023 - Current
All India Management Association (AIMA)
Post Graduation Diploma In Finance
07.2023 - 08.2024
AICPA, Washington Board
Certified Public Accountant (CPA)
08.2021 - 01.2023
Achieved "Better US - Teaming" EY Badge in May 2021.
07-2021
Amity University
Post Graduation Diploma from Public Accounting
12.2019 - 12.2020
Audit Assistant Manager & Audit Senior
EY
10.2019 - 09.2023
Audit Associate
EY
08.2016 - 09.2019
University of Delhi
Bachelor of commerce
07.2010 - 08.2013
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