Prashi Jain

Financial Services Audit | Wealth & Asset Management (WAM)

• Managed end-to-end audit engagements for Wealth & Asset Management clients, ensuring timely execution and delivery of audit procedures in accordance with PCAOB, ISA, and firm audit methodologies.
• Performed risk assessment procedures to identify significant audit risks, key business processes, and material account balances while developing effective audit strategies and testing approaches.
• Evaluated and validated audit workpapers for investments, management fees, capital accounts, NAV calculations, portfolio valuations, expense allocations, and financial statement disclosures to enhance accuracy and compliance.
• Assessed valuation methodologies, pricing sources, and key assumptions for financial instruments and investment portfolios, ensuring alignment with industry standards and best practices.
• Drove continuous improvement initiatives through process optimization, identifying automation opportunities, standardizing audit procedures, and implementing best practices across engagements.

• Independently manage the statutory audit of trading and non-trading entities, from the planning to the completion stage. Worked on various areas of group and component audits, primarily for corporate-listed, regulated, UK-based entities in the mining, telecom, technology, and financial services sectors.
• Lead and mentor audit teams, ensuring timely and high-quality delivery of complex audit engagements, with a focus on risk management and compliance.
• Collaborated with cross-functional teams to resolve complex audit challenges and streamline execution, enhancing client satisfaction through improved efficiency.
• Conduct walkthroughs and risk assessments for core financial processes, including Revenue, Investments, Intercompany Transactions, Consolidation, Entity Restructuring, and Journal processes, aligning audit procedures with regulatory expectations and firm methodology.
• Evaluate internal controls for design, implementation, and operational effectiveness, including SOX-compliant control environments, identifying control gaps, and recommending enhancements.
• Executed technical audit procedures following IFRS standards, including revenue recognition, loan covenant testing, investment impairment, cash flow analysis, leases, and consolidation testing.
• Review financial statements and notes for completeness, accuracy, and compliance with applicable frameworks, including FRS 101 and 102.
• Drove team development through structured goal-setting, real-time feedback, and performance evaluation, fostering accountability and growth.

• Conducted comprehensive audit procedures for private and listed U.S.-based companies, ensuring compliance and accuracy in financial reporting.
• Executed audit procedures per ASC 606 and IFRS 15, ensuring accurate revenue recognition for clients in power, energy, and utilities sectors.
• Performed substantive audit testing and analytical procedures across key financial line items, including revenue, expenses, assets, and liabilities.
• Assessed the completeness and reliability of Type 2 SOC reports, and validated the financial accuracy of annual reports.
• Coordinated with on-site audit teams to align objectives, resolve issues, and streamline engagement delivery.
• Leveraged digital tools like Alteryx and Able2Extract with core audit software to enhance testing reliability and turnaround time.

• Filed income tax returns and conducted tax audits for individuals, partnership firms, and private companies, ensuring compliance with tax regulations. Preparation of annual accounts as per relevant standards.
• Conducting a concurrent audit of the State Bank of India.
• Assisted in internal audits of companies, contributing to the identification of operational inefficiencies and compliance issues.
• Prepared CMA data to support bank finance applications for various entities, facilitating access to necessary funding.
• Drafted audit reports following CARO 2016 guidelines.
• Analysis of Debtors and Creditors: Aging, Recovery Period, and Balance Confirmation Procedures.