Summary
Overview
Work History
Education
Skills
Accomplishments
Interests
Timeline
Generic
SRINIVAS SANDEEP PENUGONDA

SRINIVAS SANDEEP PENUGONDA

Chartered Accountant With 14 Years Of Experience In Auditing Of PCAOB, AICPA, Global and Indian Clients
Hyderabad

Summary

A dedicated professional with demonstrated expertise in Audit & Assurance, Financial Reporting across Manufacturing, Consumer, Automotive and Chemical industries under US GAAP and IFRS . Hands on experience in international assignments of US, India, UK and South Africa. An enthusiastic communicator with demonstrated ability to train team on best audit practices.

Overview

14
14
years of professional experience
10
10
years of post-secondary education
3
3
Languages

Work History

Senior Manager - Audit & Assurance

Deloitte AERS India (P) Ltd (Offices of US)
06.2023 - Current

Manager - Audit & Assurance

Deloitte AERS India (P) Ltd (Offices of US)
09.2017 - 05.2023



  • Set up of Audit engagement file, Perform Planning, Risk assessment, Materiality Calculation, Control testing, Substantive testing, Reporting as per US GAAP audit Methodologies
  • Proficient in Design & Implementation, COSO Frame work, Operating effectiveness and Independent testing procedures in Internal controls.
  • Performed Primary reviews of all major areas like Revenue, Cost of Sales, Inventory, Debt, Fixed Assets , Accounts Payable and receivable, Payroll.
  • Work with Energy Growth Council, PPMD's and Sector Leader and drive increase of Integration of Audit and Assurance services on Manufacturing clients.
  • Member of Deloitte Internal inspection team, where i review major PCAOB clients periodically which are potential to get picked up for inspection.
  • Worked with National office on Materiality consultations and Cycle Based Analytics (CBA) of Revenue.
  • Improved team performance by providing comprehensive training and fostering a collaborative work environment.
  • Lead Inventory testing team and Cleared PCAOB inspection comments on inventory testing of a Chemical company (having revenue > 50 Billion USD).
  • Facilitated National office trainings on Reveal Analysis - Revenue , Cycle based Analysis , Tie out tools and other tools.
  • Actively involved in expanding operations to South Africa Deloitte Member firm including review of Master Service Agreements, Work orders of various clients, Discussions with engagement partners for deeper integration of Audit services, closely working with Finance team. Review of Financial statements prepared under IFRS and providing feedback on disclosures for Public clients.
  • Collaborated with Data Specialists in developing Visualizations, Dash Boards of Significant account balances on public clients.
  • Leading a team of 10-20 of Seniors, Staff and Audit Assistants.
  • Participated in recruitment drives and recruited 100+ professionals at various levels .

Senior - Audit & Assurance

Deloitte AERS India (P) Ltd (Offices of US)
12.2014 - 08.2017
  • Detailed review of all major audit areas like Revenue, Cost of Sales, Inventory, Debt , Fixed Assets, Payroll , etc.
  • Co-ordinate with US counter parts and ensure work is moving as per plan
  • Ensured timely delivery of w/p's with good quality.
  • Project Management.


Senior Associate - Audit & Assurance

BDO Haribakthi & Co
01.2013 - 11.2014
  • Performed Statutory Audits of Public and Private companies as per IND AS
  • Performed Limited Reviews across Manufacturing, Insurance, Gaming, Real Estate companies

Associate - Audit & Assurance

Akasam & Associates
05.2011 - 12.2012
  • Performed Statutory Audits, Due Diligence reviews , Internal Audits Central Statutory Audits, Government Audits, Non-Profit organizations Audits.
  • Performed work on Tax Audits, Filing of Income Tax returns.

Education

Chartered Accountant (CA) -

Institute of Chartered Accountants of India
Hyderabad, TG
06.2005 - 11.2010

Cost Accountant (ICWA) -

The Institute of Costs And Works Accountants
Hyderabad, TG
06.2008 - 06.2010

Bachelor of Commerce (BCom) -

Acharya Nagarjuna University
Vijayawada, AP
06.2005 - 03.2008

Skills

Audit - US GAAP , IFRS

Controls & COSO Frame work

National office consultations

PCAOB Inspections

Recruitment

Coach

Accomplishments

  • Collaborated with Partners, Managing Directors across Deloitte US and South Africa offices in developing deeper integration of Audit services .
  • Received 5 Applause Awards in Deloitte for quality client service and on transformation projects .
  • Facilitated trainings at sector level on Technical aspects and Audit tools.
  • Secured AIR 50 in ICWA – Final and ICWA- Intermediate .

Interests

Cricket

Books

Travel

Timeline

Senior Manager - Audit & Assurance

Deloitte AERS India (P) Ltd (Offices of US)
06.2023 - Current

Manager - Audit & Assurance

Deloitte AERS India (P) Ltd (Offices of US)
09.2017 - 05.2023

Senior - Audit & Assurance

Deloitte AERS India (P) Ltd (Offices of US)
12.2014 - 08.2017

Senior Associate - Audit & Assurance

BDO Haribakthi & Co
01.2013 - 11.2014

Associate - Audit & Assurance

Akasam & Associates
05.2011 - 12.2012

Cost Accountant (ICWA) -

The Institute of Costs And Works Accountants
06.2008 - 06.2010

Chartered Accountant (CA) -

Institute of Chartered Accountants of India
06.2005 - 11.2010

Bachelor of Commerce (BCom) -

Acharya Nagarjuna University
06.2005 - 03.2008
SRINIVAS SANDEEP PENUGONDAChartered Accountant With 14 Years Of Experience In Auditing Of PCAOB, AICPA, Global and Indian Clients