Navya Neha Kalahasthi

• Handling major divisions in 1 diversified Private equity fund public client and 2 Mid – size funds while leading a team of 6 members and coordinating with client personnel to resolve complex audit findings.
• Tested the effectiveness of internal controls by completing a walk-through of 6 potentially high-risk departments, successfully reducing risk from 50% to 20%.
• Implementation and performing various audit and analytical procedures using data driven approach with the help of automated techniques in replacement to the traditional approach by increasing the audit turnaround the time by 30% and delivering the audit results on agreed timeframe.
• Overseeing various process risks, testing significant accounts, system audits and controls using walkthrough procedures and substantive procedures in accordance with the applicable country GAAP and IFRS requirement.
• Selected the samples based on the materiality fixed, review of Financial Statements and ensuring compliance with International Standards of Auditing given by PCAOB.
• Working with cross functional teams across various regions and supervising trainees to helpful for their career development.
• Preparing and presenting various reports of financial information highlighting the key issues and related recommendations to the client.

Key Areas Handled:

Internal Audits and Risk Advisory

Project deliverables/ responsibilities:

• Detailed study and understanding of checklist provided by the Management.
• Performed audits in the areas of Procurement to Pay, Food &Beverage, Fixed Assets, HR & Payroll, Revenue to Receivables, Inventory Management, Treasury and Other Miscellaneous areas including stock audits.
• Understanding the process of entity on discussion with the process owners and performing a process walkthrough.
• Verification of compliances with various statutory requirements.
• Preparing the observations identified during the audit and preparing the draft report.

Statutory Audits

Project deliverables/ responsibilities:

• Statutory audit of listed, private companies and banks.
• Selecting the samples based on the materiality fixed, review of Financial Statements and ensuring compliance with Financial Reporting Framework.
• Executing the audit based on the audit program as discussed with the audit manager.
• Drafting of Internal & Statutory Audit Reports and Power Point Presentations for review meetings.

ICFR Testing

Project deliverables/ responsibilities:

• Understanding the process of entity on discussion with the process owners and going through the manuals and existing SOP's.
• Testing the RCM's provided to us by walkthrough of the process and testing the samples for each control as per the guidance note.
• And documenting the RCM with the sample as per the guidance note.
• Documenting the GAAP's and remediating the controls.
• Preparing the Draft report of the observations.

SOP Designing

Project deliverables/ responsibilities:

• Preparation of Standard Operating Procedures(SOP's) and Process Flow Diagrams (PFD's) by identifying the best practices.

December - 2021

Aggregate - 52%

November - 2016

Aggregate - 55.57%

June - 2014

Aggregate - 52%

March - 2017

Aggregate - 75%