SAP
Mukund Karnani
Chartered Accountant
Gurugram
Summary
Qualified Chartered Accountant with robust experience of managing audit and non-audit engagements for over ten years. Core expertise in US GAAP/PCAOB standards, revenue recognition, processes and IPO readiness for US public listing.
Overview
14
14
years of professional experience
2014
2014
years of post-secondary education
3
3
Certifications
2
2
Languages
Work History
Manager, Transactions Assurance Group
KPMG Global Services
04.2022 - Current
- Lead and drive early phase for new specialists team of 10 qualified chartered accountants
- Manage day-to-day operations, Communicate effectively across verticals and Local and UK leadership
- Develop and execute business plan by leading on recruitment, coaching, training and performance management.
- Manage engagement pipelines and allocation by matching appropriate skill and experience.
- Manage portfolio of clients where engagement primarily relate to acquisitions and opening balance sheet audits, complex private equity transactions and structure and non-audit services e.g. preparedness for IPO, Carve-outs, IFRS/US GAAP transition, and other transaction-based assignments
- Lead and support UK LT with live opportunities by leading on Independence Checkpoint in accordance with FRC and SEC rules and support in other internal process leading to reject or accept decision.
- Act as Primary contact with cross-functional Senior Management to efficient delivery and effective communication across KPMG teams.
- Primary reviewer and manage day-to-day aspects of end-to-end engagement including developing timetables, scope of work and deliverables, stakeholders management on account, reviewing testing and assurance fieldwork and draft reporting.
- Lead and manage relationship and involvement of KPMG specialist on complex areas requiring expertise knowledge and skill.
- Draft client reporting (e.g. Audit Committee reports) for review by senior manager/director/partner.
- Provide expertise on Processes, SOX implementation, PCAOB / SEC
- Managed local team and overseas components teams, planned and executed audit
- Accomplished multiple tasks within established timeframes.
Audit Manager, Corporates Listed Regulated
KPMG Global Services
01.2021 - 04.2022
- Managing portfolio of audit engagements for premium US listed companies and responsible for overall delivery of audit.
- Primary reviewer and manage all aspects of end-to-end engagement including developing timetables, scope of work and deliverables, stakeholders management on account, review audit work and draft reporting.
- Act as Primary contact with cross-functional Senior Management to efficient delivery and effective communication across KPMG teams.
- Led on NASDAQ listing of Biotechnology Company as other Manager in key workstreams i.e. auditing two periods and interim review for registration statement (Form F1), reorganization and balance sheet audit, reverse stock split, comfort letter and circle up with bankers.
- Lead and conduction process walkthrough for Financial process, coach and mentor junior team members with documentation.
- Trained and mentored department staff on policies and procedures to establish strong foundation for client development and service activities.
Audit Manager
B S R & Co. LLP (KPMG India)
12.2014 - 12.2020
- Experience in preparation of Balance sheet, P&L (Financial statements) under IGAAP, IndAS and IFRS; Experience in preparation of audit reports including annual audit report, limited review report, group audit reports, special purpose audit reports, tax audit reports and agreed upon procedures report; Understanding of cash flow statement requirements as per IGAAP and IndAS.
- Lead and conduction process walkthrough for Financial process, coach and mentor junior team members with documentation.
- Reviewed internal control mechanisms of companies as per guidance note issued by ICAI.
- Identified internal control deficiencies and prepared Management Letter recommending possible improvements for audit committee; Participated in audit committee meetings of various listed companies; Implemented KPMG Audit methodology (KAM) for audit clients.
- Reviewed accounting for discontinued operations and asset held for sale in compliance with Ind AS 105.
- Mentoring and coaching audit senior and assistant manager with focus on role enhance, career development and expand client portfolio.
- Progressed from Audit Executive to Manager during this period.
- Led and managed key relationships with directors and those charged with governance, KPMG specialists, Audit Director and Partner to ensure timely delivery and escalations.
Audit Assistant Manager
KPMG UK LLP
10.2018 - 04.2019
Audit Assistant Manager
KPMG (Saudi Arabia)
12.2017 - 03.2018
Article Assistant
Raghu Nath Rai & Co.
04.2011 - 04.2014
Education
Bachelor of Commerce (B. Com) -
Maharaja Ganga Singh University
Bikaner, Rajasthan 05.2009 - 05.2012
Executive General Management Program (EGMP) - General Business
Management Development Institute (MDI)
Gurugram, Haryana 11.2022 - 11.2023
Chartered Accountant -
The Institute of Chartered Accountants of India
New Delhi, India08-2014
Skills
Experience with SAP systems
Certification
Reporting Accountant, KPMG Internal, 04/01/22
Software
Microsoft Excel (advance)
Interests
Singing & Listening to music
Playing and watching cricket
Timeline
Executive General Management Program (EGMP) - General Business
Management Development Institute (MDI)
11.2022 - 11.2023
Manager, Transactions Assurance Group
KPMG Global Services
04.2022 - Current
Audit Manager, Corporates Listed Regulated
KPMG Global Services
01.2021 - 04.2022
Audit Assistant Manager
KPMG UK LLP
10.2018 - 04.2019
Audit Assistant Manager
KPMG (Saudi Arabia)
12.2017 - 03.2018
Audit Manager
B S R & Co. LLP (KPMG India)
12.2014 - 12.2020
Article Assistant
Raghu Nath Rai & Co.
04.2011 - 04.2014
Bachelor of Commerce (B. Com) -
Maharaja Ganga Singh University
05.2009 - 05.2012
Chartered Accountant -
The Institute of Chartered Accountants of India
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