Summary
Overview
Work History
Education
Skills
Accomplishments
Languages
Software
Interests
Timeline
Generic

Nikhil Balusa

Summary

Detail-oriented audit professional with 2.5+ years of experience delivering high-quality audits for Private Equity, Hedge Funds, HUD entities, and Employee Benefit Plans. Skilled in team leadership, client management, and ensuring compliance with GAAP, GAAS, and regulatory standards. Combines technical expertise with a performance-driven approach to support organizational growth.

Overview

7
7
years of professional experience

Work History

Senior Financial Consultant (Assurance)

EisnerAmper India
09.2022 - Current
  • Led and executed end-to-end audit engagements for clients in Financial Services industry - Hedge Funds, Private Equity Funds and Venture Capital Funds, Employee Benefit Plans (401k), Housing and Urban Development entities (HUD) and Real Estate entities.
  • Handled complex areas like Valuation of Level-3 investments and Capital allocation in Investments Funds, Timeliness and Contribution testing in 401k audits, Full Financial preparation including cashflows and supplementary schedules for HUD and 401k audits.
  • Supervised and mentored junior staff, providing guidance on audit procedures, documentation, and client communications.
  • Coordinated with managers and partners to ensure timely and accurate completion of audit deliverables.
  • Reviewed financial statements, prepared supporting schedules, and ensured compliance with GAAP and industry-specific regulations.
  • Liaised with client stakeholders to clarify accounting issues and resolved audits observations.
  • Demonstrated ability to manage multiple engagements concurrently in high-pressure environments with tight deadlines.

Audit Consultant and Articleship

Sudit K Parekh & Co. LLP
09.2018 - 09.2022
  • Was team lead of Statutory Audit, Group reporting (including GAAP conversion) and tax audit assignments of Poultry, Chemical and IT Infrastructure Manufacturing entities with a Turnovers of 700 - 4000 crores.
  • Handled statutory audits of Real Estate, Trading & Service entities.
  • In audits, performed end-to-end processes of Planning, Execution, Analytical review, Compliance testing (of CARO, Companies Act, Schedule –III, FEMA, RBI, etc.), Observation discussion, Finalizing Reports and Documentation.
  • Faced Call overs, Engagement Partner reviews, EQCR reviews and Documentation reviews for the assignments handled.
  • Handled Ind-AS Transition of entities, performed Impact analysis and Financial Statements review of First time Ind AS adopter, was part of Ind AS -115 implementation assignment.
  • Performed Control environment (ICFR) testing assignments
  • Prepared various reports including Audit reports, Form 3CA - 3CD, Audit Planning Presentations, Impact Analysis Notes, Control Weakness and Process Improvements presentations to Clients.
  • Assisted clients in the preparation and better presentation of information in Financial Statements.

Education

Chartered Accountant -

Institute of Chartered Accountants of India
05-2022

Bachelor of Commerce -

Siddhartha Degree College (Osmania University)
06-2019

Skills

  • Audit Planning and Execution
  • Engagement Management
  • Client and Internal Communication
  • Issue resolution and Documentation
  • Attention to detail and Quality driven
  • Innovative and Analytical thinking

Accomplishments

  • Was Trainer in technical training sessions conducted for freshers in financial services audit post my first busy season and received great feedback from the manager overseeing it.
  • Received Emerging Start award for 2024 busy season.
  • Received spot bonus and recognition award on various engagements.
  • Basis the technical ability I have showcased in an audit, the Engagement partner has appreciated and also sourced me to another Partner's engagement to assist them on some specific audit approaches.
  • Received an Appreciation award in Sudit K Parekh for an engagement that I was team lead.

Languages

English
Telugu
Hindi

Software

CCH Engagement

CaseWare (DAS)

Microsoft Office applications

Various Record Keeper websites (for 401k audits)

IDEA software

Interests

  • Cricket, Table tennis, Badminton
  • Watching documentaries and Anime
  • Music

Timeline

Senior Financial Consultant (Assurance)

EisnerAmper India
09.2022 - Current

Audit Consultant and Articleship

Sudit K Parekh & Co. LLP
09.2018 - 09.2022

Chartered Accountant -

Institute of Chartered Accountants of India

Bachelor of Commerce -

Siddhartha Degree College (Osmania University)

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Nikhil Balusa