Prashanth Reddy Gurram
Hyderabad
Summary
Qualified Chartered Accountant with strong 3+ years of experience evaluating end-to-end control frameworks, performing design and operating effectiveness testing, and identifying financial and operational risks across complex financial institutions. Skilled in conducting walkthroughs, developing test scripts, assessing regulatory reporting controls, and delivering clear, high-quality audit documentation. Demonstrated ability to communicate deficiencies, oversee remediation, and collaborate with cross-functional stakeholders across time zones. Proven leadership in mentoring teams, driving process improvements, and strengthening internal control environments through data-driven insights and capability-building initiatives.
Overview
4
4
years of professional experience
Work History
Audit Senior 2 /Assistant Manager 2
Deloitte USI
Hyderabad
09.2022 - Current
- Led end-to-end internal controls evaluations for broker-dealers and swap dealers, assessing the design and operating effectiveness of controls across trading, valuation, regulatory reporting, and revenue recognition processes.
- Conducted detailed walkthroughs with process owners to map processes, understand control objectives, identify gaps, and recommend enhancements to strengthen the financial control environment.
- Executed comprehensive testing of key controls—including revenue, valuation, regulatory capital, and financial reporting—ensuring adherence to defined quality standards and producing high-quality workpapers and test scripts.
- Reported control deficiencies to senior management, supported the development of practical remediation plans, and monitored implementation to ensure timely closure and effective change.
- Evaluated regulatory net capital computations and reporting controls for completeness, accuracy, and compliance, enhancing readiness for external audits and regulatory inspections.
- Performed analytical reviews of large datasets to assess revenue trends, valuation methodologies (ASC 820), exposure metrics, and fair value levels, supporting risk identification and continuous control improvement.
- Assessed IT-dependent and manual controls related to ASC 606 revenue recognition, validating system flows and ensuring integrity of financial reporting.
- Collaborated with stakeholders across compliance, finance, trading desks, and valuation teams—across multiple time zones—to ensure effective communication of audit results and control expectations.
- Prepared planning documents, risk assessments, and reporting deliverables with strong attention to detail, ensuring alignment with internal control testing standards and audit methodologies.
- Led and coached teams of up to 24 professionals, reviewing workpapers, providing training on controls testing methodologies, and driving improvements in documentation quality and audit efficiency.
- Delivered capability-building sessions on internal controls, valuation, regulatory capital, and revenue recognition, contributing to stronger control awareness across teams.
- Identified process inefficiencies within audit and reporting workflows and recommended targeted control improvements, enhancing accuracy, timeliness, and operational effectiveness
Audit Consultant
EY
Hyderabad
11.2021 - 03.2022
- Analyzed risk factors and recommended improvements to enhance internal controls.
- Participated in training sessions to improve audit methodologies and best practices.
- Delivered high-quality audit reports within deadlines, resulting in increased client satisfaction levels
- Managed multiple audit engagements simultaneously while maintaining strict adherence to timelines and budgets.
- Evaluated internal control systems for effectiveness, recommending improvements as necessary.
- Assisted clients in addressing regulatory inquiries and resolving issues related to compliance violations.
- Optimized resource allocation by effectively prioritizing tasks based on urgency and significance.
- Conducted comprehensive risk assessments for improved internal control systems.
Education
Chartered Accountant (CA) - Accounting And Finance
Institute of Chartered Accountants of India
Hyderabad07-2022
Bachelor of Commerce - Accounting And Finance
Osmania University
Hyderabad06-2020
Skills
- Microsoft Office (Excel, Word, and PPT)
- Power BI
- Project and time management
- Internal controls design and operating effectiveness testing
- Analytical and data interpretation skills
- Sox-type controls
- Risk assessment and control gap identification
- Walkthroughs and process mapping
Timeline
Audit Senior 2 /Assistant Manager 2
Deloitte USI
09.2022 - Current
Audit Consultant
EY
11.2021 - 03.2022
Chartered Accountant (CA) - Accounting And Finance
Institute of Chartered Accountants of India
Bachelor of Commerce - Accounting And Finance
Osmania University