Ritul Tayal
Chartered Accountant
New Delhi
Summary
Chartered Accountant with experience in a Big-4 firm (EY) in statutory audits, group reporting, and large-scale engagements under Ind AS and IFRS. I have led and conducted audits of companies with revenues ranging from INR 200 million to over INR 120 billion. I have experience in internal controls, walkthroughs, first-year audit transitions, and client management. I completed structured learning and practical training through courses on QuickBooks and Xero. I have a solid understanding of producing review-ready and process-driven financial outputs for global outsourcing environments.
Overview
2
2
years of professional experience
Work History
Audit Senior
Ernst & Young (EY)
03.2024 - 11.2025
- Worked on statutory and group audits under Ind AS and IFRS for large Indian and multinational entities, with audit exposure ranging from INR 200 million to INR 120+ billion in annual turnover
- Served as core team member on a full-year flagship client (~INR 120 billion turnover), handling the engagement end-to-end across planning, interim, and final audit cycles
- Executed comprehensive audit procedures across all major financial statement areas, including Revenue, COGS, Payroll, Administrative Expenses, CSR, Taxation, Loans & Borrowings, Leases (Ind AS 116), PPE, and other significant heads
- Performed internal control testing, including walkthroughs, design evaluation, and operating effectiveness testing
- Led group reporting and statutory audit activities, including coordination with Korean component auditors for consolidation and reporting requirements
- Acted as Senior on engagement, managing audit planning, delegation, execution, and review of work performed by junior team members
- Played a key role in considered first-year audit transition to EY, ensuring smooth onboarding, resolution of opening balance issues, and alignment with EY Global Audit Methodology
- Conducted audit of a Listed InvIT, covering Leases, CSR, PPE, and other significant audit areas in compliance with regulatory and listing requirements
- Audited entities engaged in automotive aftermarket manufacturing (~INR 200+ million turnover) and industrial pump manufacturing (~INR 2+ billion turnover), gaining exposure to complex manufacturing cost structures and inventory processes
- Assisted in preparation and finalization of audit reports, including drafting support schedules and audit documentation
- Independently handled client communication, walkthroughs, and closure of audit queries
- Provided responses and clarifications to review points raised by Managers, Directors, and Partners, ensuring timely sign-off and audit quality
- Performed analytical procedures, risk assessment, and variance analysis to identify potential material misstatements
- Performed audit procedures relating to Product Linked Incentive (PLI) certification for manufacturing clients, including verification of domestic versus imported components, cost structures, and compliance with scheme requirements
Articled Assistant
KG Somani & Co. LLP | TR Chadha & Co. LLP
- Executed audit procedures under Ind AS 115, 116, 109, and 16
- Assisted in GST compliance and GST audits (GSTR-9 & 9C) for listed and unlisted entities
- Exposure to SEBI special purpose audits and IPO-related assignments
- Assisted in verification of SEC filings (10-K and 10-Q) of a Nasdaq-listed entity
- Participated in stock verification and insolvency-related assignment
Education
Chartered Accountant (CA) -
Institute of Chartered Accountants of India (ICAI)
New Delhi11-2023
Skills
- Audit and assurance
- Financial reporting
- Ind AS and IFRS
- Group reporting
- Internal controls and walkthroughs
- Reconciliations
- Audit documentation
Accounting And Systems Experience
- Completed structured learning and hands-on practice through courses on QuickBooks Online and Xero, covering core bookkeeping workflows and system navigation.
- Understanding of transaction recording, chart of accounts, bank reconciliations, and basic reporting in accounting software environments.
- Strong conceptual understanding of accrual accounting, prepayments, provisions, and period-end adjustments from an audit perspective.
- Familiar with preparing review-ready books conceptually, aligned with audit and tax requirements, though not yet deployed on live client systems.
Languages
- English
- Hindi
- Punjabi
Timeline
Audit Senior
Ernst & Young (EY)
03.2024 - 11.2025
Articled Assistant
KG Somani & Co. LLP | TR Chadha & Co. LLP
Chartered Accountant (CA) -
Institute of Chartered Accountants of India (ICAI)