Prashanth Reddy Gurram
Audit Senior 2, Deloitte USI
Hyderabad
Summary
Audit professional prepared for impactful roles in financial sector. Chartered Accountant with 3.5 years of experience at Deloitte USI specializing in audits of investment management and broker-dealers. Strong understanding of fund structures, NAV workings, capital allocations, and fair value hierarchy. Experienced in financial statement review, valuation testing, and investor-level reporting with a focus on accuracy, controls, and process enhancement. Seeking to leverage technical audit and financial reporting expertise into a Fund Accounting role within Private Equity or Real Estate funds.
Overview
4
4
years of professional experience
3
3
Languages
Work History
Audit Senior 2
Deloitte
09.2022 - Current
- Prepared and reviewed financial statements for investment funds and broker-dealer clients, ensuring compliance with U.S. GAAP and standards, including ASC 320, 606, 815, and 820.
- Conducted detailed audits of fund-level accounts, including investments (Level I, II, III), Net Asset Value (NAV), partners’ capital, receivables/payables, management fees, custodian fees, dividend income, and trading revenue.
- Verified fair value measurements for trading assets and liabilities, applying valuation principles under ASC 820 (Fair Value Measurement), and ensuring hierarchical classification accuracy.
- Assessed compliance with internal controls and financial reporting requirements across multiple private equity, mutual fund, and broker-dealer audit engagements.
- Collaborated with fund administrators to reconcile investment balances, interest/dividend income, and trading positions, improving data integrity and valuation accuracy.
- Worked with the investment banking team to analyze and streamline deal accounting for M&A, private placements, and underwriting transactions (ASC 606), providing insight into complex investment structures.
- Gained exposure to fund structures, partnership accounting, and carried interest/performance fee computations, aligning with private equity and real estate fund models.
- Assisted in audit planning and budget management for a team of 24 professionals, driving cost efficiency, and timely client deliverables.
- Led training sessions for new hires and audit associates on Intro to Broker-Dealers and Fund Audits, along with Financial Statements Audit.
Audit Consultant
Ernst & Young
11.2021 - 03.2022
- Managed multiple audit engagements simultaneously while maintaining strict adherence to timelines and budgets.
- Evaluated internal control systems for effectiveness, recommending improvements as necessary.
- Optimized resource allocation by effectively prioritizing tasks based on urgency and significance.
- Conducted comprehensive risk assessments for improved internal control systems.
- Participated in training sessions to improve audit methodologies and best practices.
Education
Chartered Accountant (CA) - Accounting And Finance
Institute of Chartered Accountants of India
Hyderabad, India 04.2001 -
Bachelor of Commerce - Accounting And Finance
Osmania University
Hyderabad, India 04.2001 -
Skills
Microsoft office
Timeline
Audit Senior 2
Deloitte
09.2022 - Current
Audit Consultant
Ernst & Young
11.2021 - 03.2022
Chartered Accountant (CA) - Accounting And Finance
Institute of Chartered Accountants of India
04.2001 -
Bachelor of Commerce - Accounting And Finance
Osmania University
04.2001 -