Shashwat Rai
Summary
Seasoned Audit professional with comprehensive background in auditing. Possess strong understanding of audit methodologies, risk management strategies, and regulatory compliance. Known for keen analytical skills, problem-solving abilities and commitment to maintaining highest standards of integrity and quality, along with building relationships with client . Demonstrated impact in previous roles through process improvements that enhanced audit efficiency and effectiveness.
Overview
5
5
years of professional experience
Work History
Audit Senior
Deloitte Touche & Tohmatsu LLC
06.2022 - Current
- Served clients, both listed (PCAOB) and private (AICPA), across diverse industries like public utilities, the renewable industry, retail, and commercial, etc.
- Providing coaching and mentorship to a team of 10 to 15 professionals, including delivering firm-wide training sessions on various topics.
- Accountable for overseeing a diverse portfolio of audit engagements, spanning from medium-sized, non-listed clients to large, publicly traded companies, while enhancing US-USI integration.
- Engaged in comprehensive audit processes for various clients, encompassing all stages from planning to reporting, and archival.
- Currently managing engagements with a focus on planning, risk assessment, internal controls, including entity-level controls, substantive testing, and conclusion.
- Customized and executed substantive audit procedures, conducting primary and detailed reviews on various balance sheet and profit-and-loss items, including cash, receivables, payables, revenue, expenses, and long-term debt testing across multiple engagements.
- Played a pivotal role in delivering excellent quality by reviewing critical areas, like management override of controls, JE testing, among others.
- Organized and deployed resources to execute audit plans.
- Reviewed workpapers prepared by junior staff for accuracy and completeness.
- Technically proficient with audit tools, and experienced in collaborating effectively with team members and clients to meet deadlines and commitments. Skilled in utilizing Deloitte's next-generation audit tools, including Excel Analytics, Deloitte Signal, Deloitte Connect, Digital confirmation, Deloitte Data, Omnia, and the Deloitte Tie-Out Tool.
- Managed and trained team members to enhance engagement team performance and increase efficiency.
- Evaluated client's system of internal control design effectiveness and efficiency.
Audit Senior Assistant
Deloitte Touche & Tohmatsu LLC
05.2020 - 05.2022
- Participated in training sessions designed to keep abreast of changes in regulations and industry trends.
- Coordinated team members' activities throughout the engagement process from planning through completion stages.
- Performed risk assessment procedures to identify potential control weaknesses.
- Completed day-to-day duties accurately and efficiently.
Education
Chartered Accountant -
ICAI
Kanpur, India02.2019
Bachelor of Commerce -
Kanpur University
IndiaSkills
- Audit planning
- Team management
- Time management
- Effective communication
- Resource allocation
- Multitasking
- Budget management
- Internal controls
- Risk assessment
- Regulatory filings
Affiliations
- Active member of the Deloitte Innovation Council and Club
- Designated point of contact for revenue testing, utilizing Deloitte tools
Accomplishments
- Received multiple 'Spot Awards' and 'Applause Awards' across various engagements for consistent high performance, and effective coaching of team members.
- Received the 'Outstanding Performance Award' for exemplary management of engagements, adherence to timelines, and delivering high-quality results.
- Commended by the existing LCSP for elevating client service standards and ensuring high-quality audits.
- Deloitte Facilitator Excellence (DFX) Certified.
Languages
Hindi
First Language
English
Proficient (C2)
C2
Timeline
Audit Senior
Deloitte Touche & Tohmatsu LLC
06.2022 - Current
Audit Senior Assistant
Deloitte Touche & Tohmatsu LLC
05.2020 - 05.2022
Chartered Accountant -
ICAI
Bachelor of Commerce -
Kanpur University
Similar Profiles
SHAOJIE WENGSHAOJIE WENG
Consultant, Accounting Operations Advisory Dep. Audit & Assurance at Deloitte Touche Tohmatsu LLCConsultant, Accounting Operations Advisory Dep. Audit & Assurance at Deloitte Touche Tohmatsu LLC
Priti KurianPriti Kurian
SENIOR CONSULTANT at Deloitte Touche Tohmatsu LLCSENIOR CONSULTANT at Deloitte Touche Tohmatsu LLC
Nilanjan TapadarNilanjan Tapadar
IT Senior Analyst at Deloitte Touche Tohmatsu LLCIT Senior Analyst at Deloitte Touche Tohmatsu LLC