Koteswararao Koruprolu
Bengaluru
Summary
- An Independent, self-motivated professional with 2.5 years of experience with leading Big4 organization and 1.5 years in startup entity and 0.5 years in fortune 100 entity in Finance, Accounts & Audit and assurance domain, perfect understanding of the fundamental Accounting Concepts and Standards along with sound knowledge of core accounting functions.
- Well-versed with big four audit methodology, Audit documentation tools, analytical and project management tools.
- Excelled in enhancing internal controls and driving process improvements, leveraging skills in SAP and data analytics. Demonstrated leadership by mentoring teams towards achieving compliance and operational excellence.
- Exposure in various industries like Consumer markets Manufacturing Industry, Service Industry and Information technology and Software Companies under USGAAP ,IFRS, IAS, Ind AS with vast exposure on IFRS 9, IFRS 15, IFRS 16 and other crucial financial statements impact.
Overview
9
9
years of professional experience
3
3
Certifications
Work History
Entity Controller
Honeywell Technology Solutions Lab Pvt. Ltd.
07.2024 - Current
- Prepared Statutory financial statements with high standards of compliance with IFRS and local GAAP requirements, including bridge files between US GAAP and IFRS , management reports, disclosures, and tax related activities .
- Reviewed and verified completeness and accuracy of information received from other departments prior to incorporation into FS.
- Drafted management reports, disclosures, notes, and any other information needed to complete statutory financials.
- Stakeholder management with US GAAP controllership, country finance leaders and key stakeholders in finance and business to deliver Stat GAAP/IFRS compliant financials.
- Partnered with Transformation team in identifying and delivering on process improvement opportunities ( Multi ledger Project) .
Finance Manager
House of Kieraya Private Limited
12.2021 - 07.2024
- Prepared management accounts and budget-holder reports,identifying significant trends and variances.
- Updated company financial policies and procedures to enhance internal control over accounting and other management systems.
- Executed year-end audits , working with external auditors to confirm clean financial audits and implementing any improvement suggestions promptly.
- Trained and mentored junior finance team members in accounting processes to enhance overall team performance.
- Collated, prepared and interpreted reports , budgets, accounts and financial statements to assist senior management decision-making.
- Assisted in designing and executing internal audit plan , establishing procedures for identifying and flagging risks during audit process.
- Reviewed internal controls and identified potential control system and process weaknesses requiring attention and resolution.
- Worked with internal support teams, outsourced managed service providers to implementation of accounting ERP system ( Odoo).
- Involved in the implementation of IND accounting standards (IND As) from IGAAP and study the transition impact.
- Strengthened internal controls through regular audits and adherence to regulatory requirements.
Senior
B S R & Co. LLP (KPMG India)
05.2019 - 12.2021
- Handling Statutory audits of Listed and Private limited companies along with the Compliance of accounting standards, Company law provisions and other statutory compliance and lead the engagement as the in-charge from different sector.
- Independently handled finalization of audit of various companies under Indian GAAP framework managing team of 8-10 members .
- Interacting with Engagement Manager and Partner for Audit planning including determining materiality, identifying key risk areas, related controls and designing appropriate audit procedures to address the Identified risks.
- Liaising with Direct, Indirect tax teams, Transfer pricing and valuation teams on agreeing tax positions, valuations etc. and risk assurance teams to address IT-specific risks.
- Review of client deliverables including audit reports, limited review reports, Audit Committee presentations, including communication on significant accounting matter.
- Performed overall analytical review of financial statements based on understanding of client's business.
- Involved in planning of audit approach including risk assessments, scoping and materiality related to statutory audit for clients following Ind AS, IFRS, IAS, US GAAP or AS.
Audit Associate
KPMG GDC
01.2021 - 03.2021
- Prepared working papers, reports and supporting documentation for audit findings as per US GAAP.
- Being on the Short-term secondment to the KRC (KPMG Resource Centre) for a period of 3 months and worked on the U.K based clients .
Secondment
KPMG
01.2020 - 03.2020
- Being on the Short-term secondment to the KPMG South Africa for a period of 3 months and worked on the audit of funds . The major clients were Curo funds.
- Prepared working papers, reports and supporting documentation for audit findings .
Article Ship Experience
MPM & Associates
09.2015 - 04.2018
- Preparation and Finalization of Balance Sheet, Profit and Loss Account and Cash Flow Statement as per Schedule III of the Companies Act, 2013.
- Preparation and filing of Income Tax Returns of Individuals, Companies and Partnership firms.
- Tax audit and preparation & filing of Tax audit report under Income Tax Act.
- Compliance management such as payment and return filling of GST, TDS, PF and PT.
Education
Audit ,Accountants ,Finance And Taxation
The Institute of Chartered Accountants of India
11-2018
Costing And Finance
Institute of Cost Accountants of India
06-2022
Company And Labor Laws
Institute Of Company Secretaries Of India
06-2022
Bachelor of Commerce
Indira Gandhi National Open University (IGNOU)
04.2001 -
Skills
- Financial statements expertise
- Audit tools KCW, E-audit
- SAP ,Odoo ,Tally ERP prime
- MS Office
- Internal controls
- US GAAP proficiency
- Month-end and year-end closings
- Financial statements expertise
Certification
Diploma in IFRS
Accomplishments
- Winner of Kudos in KPMG
- Winner of Win Together in Honeywell
- All India 48th Rank in CA final
- Exemptions in all papers in CA and CMA key papers.
- State 3rd Rank in Intermediate
Timeline
Entity Controller
Honeywell Technology Solutions Lab Pvt. Ltd.
07.2024 - Current
Finance Manager
House of Kieraya Private Limited
12.2021 - 07.2024
Audit Associate
KPMG GDC
01.2021 - 03.2021
Secondment
KPMG
01.2020 - 03.2020
Senior
B S R & Co. LLP (KPMG India)
05.2019 - 12.2021
Article Ship Experience
MPM & Associates
09.2015 - 04.2018
Bachelor of Commerce
Indira Gandhi National Open University (IGNOU)
04.2001 -
Diploma in IFRS
Certificate course on Ind AS (ICAI)
Business Responsibility and Sustainability Reporting (BRSR)
Audit ,Accountants ,Finance And Taxation
The Institute of Chartered Accountants of India
Costing And Finance
Institute of Cost Accountants of India
Company And Labor Laws
Institute Of Company Secretaries Of India
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