Prashanth Kumar Gourishetti
Chartered Accountant
Warangal
Summary
Chartered Accountant with nearly 4 years Post Qualification experience in Statutory Audits in Financial Services for US based Wealth and Asset Management Companies (Private Equity, Hedge Funds and Fund on Funds) and 3+ years Pre- Qualification extensive experience in Accounting, Auditing, Finance and Taxation for diverse organizations. Enthusiastic to contribute towards Organization Goals through Smart work, attention to detail and excellent Organizational skills. Adaptable Team leader having a successful record of Finalizing audits within stipulated timelines in coordination with Client Data and Team Management.
Overview
9
9
years of professional experience
8
8
years of post-secondary education
Work History
Senior Associate 1
KPMG GDC PRIVATE LIMITED
Bengaluru
06.2022 - Current
- Lead a team comprising of 8 to10 professionals with blend of seniors and associates, responsible for audit service delivery and ensured timely & quality audit deliverables on the work done by self and the team
- Been responsible for managing a portfolio of big and small US clients within the Asset Management Industry group and acted as a dedicated team at GDC and for big US Clients and support to Managers and above in shaping up GDC level strategic initiatives like Centralization
- I have acted as a Lead Senior at GDC
- Has gained experience in Asset Management Industry end to end Audit
- Has gained experience in confirmation procedures, FS Tie outs, roll forward of screens & attachments, substantive testing of Treasury, Investments, Partners Capital, Financial Highlights and gained familiarity with testing of controls around treasury process
- Trained and Mentored associates on a timely basis on Industry and Client specific audit and accounting matters
- Raised issues identified on a timely basis to the GDC managers and Engagement Team to seek possible resolution
- Demonstrated Professionalism, Industry Competence and Clarity of Communication when dealing with Engagement Team
- Reviewed general ledger accounts and supporting/reconciliation schedule to ensure transactions are being recorded and disclosed in financial statements accurately and in compliance with GAAP for US -based Global leading Banking and Capital Markets companies
- Provided Assurance services in financial sector for US-based Global leading Wealth and Asset Management Companies having multiple Investment strategies for Private Equity, Hedge Funds and Fund on Funds
- Application of analytics in audit procedures to provide clear picture of movements in accounts, identify unusual trends and performed additional procedures in required areas
- Performed Journal entry testing to check if there is any override of management control
- Prepared Capital allocation & Capital activity workbooks
- Performed First level review of work of associates to be delivered to client, by leading more than one team at a time
- Ensured project is completed within budgeted time-frame, without compromising on quality
- Well-developed Communication and Leadership skills
- Ability to independently work in reporting & resolving issues across the teams
- Coached and Supervised Junior Team members on different engagements and provided with timely constructive feedback
- Have taken care of the resource requirements for the audit team to ensure that the engagements get finalized without facing any staff crunch
- Have assisted in the end-to-end process of audits from Planning to Archival of engagements
- Have handled Client coordination and maintained good relationship throughout audit
- Have minimal experience working on Alteryx automation.
Audit Manager
ICICI BANK LIMITED
Hyderabad
09.2021 - 05.2022
- Conduct audit as per the audit plan, and ensure compliance with established internal control procedures
- Examine documents, reports, operating guidelines, and documentation
- Plan and conduct audits to assess controls, operational efficiencies and compliance with policies, procedures and regulations, detect ineffective or inefficient practices and verify financial records and branch audits
- Carry out audits either independently or along with a team
- Maintain a comprehensive record of all audit work papers, findings, reports, and follow-up.
Finance & Audit Manager
M. Rama Krishna & Associates, Chartered Accountants
02.2020 - 08.2021
- Executed timely audits of companies and firms including Statutory Audit in Industries of Textile, Electronic, Transport, Hotel, manufacturing and Non-Profit
- Performed Internal Audit of various companies & assisted Statutory Auditors till Finalization along with compliance of applicable Auditing Standards, including thorough Scrutiny & establishment of Internal control system
- Have Prepared & Finalized accounts ensuring compliance with requirements under the Companies Act, Accounting & Auditing Standards
- Managed all areas of accounting, including Accounts Payable and Receivable, GL management, BRS
- Prepared Projections, Budgeting & Forecasting Reports including MIS
- Filed GST returns for various entities in compliance with the Indirect Tax Rules & Regulations
- Trained and mentored department staff on policies and procedures to establish strong foundation for client development and service activities.
Audit & Article Assistant
Ramesh and Associates, Chartered Accountants
09.2014 - 06.2018
- Tax Audit of corporate, Non-corporate Assesses as per provision act of Income Tax Act 1961
- Having work experience on GST
- Filing Income Tax Returns for both corporate, Non -corporate Assesses as per provisions of Income Tax 1961
- Remained solutions-oriented in face of complex problems to assist management and overall business direction.
- Statutory Audit and concurrent Audit of Banks and Industries
- Preparation of Financial Statements of Companies as per Schedule III of company Law
- Preparation of Financial Statements of Partnership Firms and Trust
- Computation of Minimum Alternate Tax of companies as per section 115JB of Income Tax Act 1961.
Education
Chartered Accountant -CA -
ICAI
12.2011 - 11.2019
Bachelors in Commerce -B. Com - undefined
Krishna University
Skills
Statutory Audit
Annual Audit Plans
Due Diligence MentoringMS Office AdaptableEffective Documentation
Quick LearnerWealth & Asset Management Positive AttitudeNetworkingLeadershipEffective Communication Investment Valuation Testing Attention to DetailQRM
Internal Audit
Collaborative Approach
Accomplishments
- SPOT Awards - Has been awarded in KPMG for accomplishing special contribution to team within 3 months of joining the firm.
- Nominated for Client Excellence Award by Onshore Team KPMG.
- Has been awarded "Best Leader " in General Management Communication Skills Program held by ICAI.
Interests
Attending Professional Sessions or Summits relating to Entrepreneurship, Tax, Audit, Accounting, Finance, Spirituality and Interpersonal Skills
Timeline
Senior Associate 1
KPMG GDC PRIVATE LIMITED
06.2022 - Current
Audit Manager
ICICI BANK LIMITED
09.2021 - 05.2022
Finance & Audit Manager
M. Rama Krishna & Associates, Chartered Accountants
02.2020 - 08.2021
Audit & Article Assistant
Ramesh and Associates, Chartered Accountants
09.2014 - 06.2018
Chartered Accountant -CA -
ICAI
12.2011 - 11.2019
Bachelors in Commerce -B. Com - undefined
Krishna University