Saikumar Chirram

• Performed the valuation and existence testing of Investment FSLI of Asset & Wealth Management companies (AWM) based in the US.
• Involved in reviewing and guiding the junior team members in performing the Investment FSLI Testing.
• Coordinated with onshore teams and was involved in the timely delivery of the work to them.

• During this period at KPMG, I progressed through roles of increasing responsibility, starting as an Audit Executive and advancing to Senior. My experience spans statutory audits, financial reporting, internal controls, and international audit engagements under multiple accounting frameworks, including IGAAP, Ind AS, and IFRS.

Audit planning and execution.

• Conducted initial audit planning by gaining a comprehensive understanding of client operations and risk areas.
• Designed audit strategies tailored to clients' specific business and regulatory environments.
• Led audit teams in executing fieldwork, ensuring timely and high-quality deliverables.

Financial statement audits.

• Reviewed and audited financial statements prepared under Ind AS, IFRS, and IGAAP.
• Ensure accurate representation of financial data, and compliance with statutory requirements.
• Prepared audit documentation and working papers in accordance with KPMG's methodology.

Internal Controls and Risk Assessment

• Assessed the adequacy and operating effectiveness of internal financial controls.
• Identified key controls and tested their implementation across critical business processes.
• Reported control deficiencies and recommended remediation strategies to management.

Client Interaction and Reporting

• Interacted with CFOs, financial controllers, and other senior stakeholders to discuss audit findings.
• Presented audit observations and improvement recommendations to audit committees.

Group Audits and International Exposure

• Participated in group audits of entities reporting under IFRS, gaining exposure to international audit standards.
• Worked with onshore ET teams to enhance cross-border audit collaboration and understanding of global practices.

Leadership and team management.

• Supervised and mentored junior audit staff, fostering skill development and performance excellence.
• Managed audit timeliness and resource allocation to ensure efficient project delivery.

Critical Audit areas handled:

Revenue & Trade receivables, Inventory,

Purchases to Payables, including other expenses, Fixed assets,

Capital work in progress, Intangibles,

Payroll,

Conducted review of Internal financial controls,

Related party transactions

• Conducted statutory audits for various clients engaged in manufacturing, software, service sectors, and healthcare.
• Handled internal audit of listed and private entities engaged in the construction and manufacturing sectors, which involves testing of controls.
• Preparation and filing of GST and tax returns for companies, firms, individuals, and monthly and quarterly returns under various sections of the Income Tax Act, 1961.
• Preparation of financial reports and verification of compliance of accounts with accounting standards and Schedule III of the Companies Act.
• Handled tax audits of both corporate and non-corporate clientele.
• Headed stock audits of construction and manufacturing sector clients.
• Domestic Taxation: Handled income tax and GST, including corporate taxation, filing GST returns, and various income tax forms; and international taxation: preparation of transfer pricing documentation.