PRASHANT KUMAR
Kolkata
Summary
Audit manager with over 10 years of experience at PwC Service Delivery Center, specializing in external audits and compliance reviews. Proven track record in leading teams to improve operational efficiency while adhering to US GAAP and PCAOB standards. Strong analytical skills and dedication to professional development drive successful audit engagements.
Overview
14
14
years of professional experience
Work History
Experienced Audit Manager
PwC Service Delivery Center (SDC)
04.2016 - Current
- Lead end-to-end audit engagements for US-listed and multinational clients.
- Planned audits, assessed risks, determined materiality, and executed engagements.
- Managed multiple engagements, ensuring quality standards and adherence to deadlines.
- Supervised and mentored audit professionals, fostering their professional growth.
- Review significant financial statement line items and disclosures.
- SPECIALIZED AREAS: Cash and Cash Equivalents, Debt and Borrowings, Equity Testing, Revenue Recognition (ASC 606 / IFRS 15), Operating Expenses, Lease Accounting (ASC 842 / IFRS 16), Accounts Receivable, Accounts Payable, Confirmation Procedures.
- CONTROLS AND COMPLIANCE EXPERIENCE: Internal Controls Testing, Walkthrough Procedures, Engagement Compliance Reviews (ECR) under PCAOB guidelines.
Article Assistant
BM Chatrath & Co., Chartered Accountants
Kolkata
02.2012 - 02.2015
- Completed a three-year Article ship with BM Chatrath & Co., gaining comprehensive exposure to statutory audits, internal audits, stock audits, tax audits, credit audits, and inspection audits across diverse industries.
- Conducted stock and internal audits for leading manufacturing and corporate entities, including McLeod Russel India Limited, Tata Tea, Assam Company Limited, DLF Industries, Bengal Club, and Hatim Carbon, ensuring accuracy and compliance with standards.
- Participated in Statutory Audits and Tax Audits of various organizations, including Indian Oil Corporation Limited, Hatim Carbon, and GI Security Private Limited, ensuring compliance with applicable accounting standards and regulatory requirements.
- Executed credit and inspection audits for multiple banking institutions, assessing credit risk and documentation compliance to enhance operational effectiveness.
- Performed detailed review and verification of financial records, internal controls, inventory management processes, and operational procedures.
- Assisted in Purchase Audits, identifying process gaps and evaluating procurement controls and compliance.
- Prepared audit reports and documented findings, communicating recommendations to strengthen internal controls and enhance operational efficiency.
- Developed strong analytical, auditing, and financial reporting skills through exposure to clients across manufacturing, trading, services, and financial sectors.
Education
Chartered Accountant -
Institute of Chartered Accountants of India
Skills
- External Audit & Assurance
- Financial Statement Audits
- US GAAP & IFRS Reporting
- PCAOB Auditing Standards
- Audit planning
- Internal Control Testing
- Revenue Recognition
- Lease Accounting
- Debt and Equity Audits
- Walkthrough Procedures
- Receivable/payable testing
- Confirmation Procedures
- Compliance review
- Team leadership
Accomplishments
- I have been a top or high performer throughout the year, and I have received multiple recognition awards, such as Spot and Star Awards.
Additional Information - Preferred Locations
- Kolkata, West Bengal
- Anywhere in India
Open To Relocation
True
Preferred Locations
- Kolkata, West Bengal
- Anywhere in India
Controls And Compliance Experience
- Internal Controls Testing
- Walkthrough Procedures
- Engagement Compliance Reviews (ECR) under PCAOB guidelines
Specialized Areas
- Cash and Cash Equivalents
- Debt and Borrowings
- Equity Testing
- Revenue Recognition (ASC 606 / IFRS 15)
- Operating Expenses
- Lease Accounting (ASC 842 / IFRS 16)
- Accounts Receivable
- Accounts Payable
- Confirmation Procedures
Timeline
Experienced Audit Manager
PwC Service Delivery Center (SDC)
04.2016 - Current
Article Assistant
BM Chatrath & Co., Chartered Accountants
02.2012 - 02.2015
Chartered Accountant -
Institute of Chartered Accountants of India