Uma Maheswara Rao Pallagani
Chartered Accountant
Hyderabad,TG
Summary
Dynamic Audit and Assurance Senior Manager at Deloitte with expertise in ASC 606 and SOX compliance. Proven track record in leading IPOs and enhancing financial reporting quality. Adept at mentoring teams and implementing risk assessment strategies, fostering collaboration and professional growth. Strong technical accounting skills combined with effective project management abilities.
Overview
14
14
years of professional experience
1
1
Language
Work History
Audit and Assurance, Senior Manager
Deloitte
09.2016 - Current
- Led audit engagements, ensuring compliance with regulations and enhancing the overall quality of financial reporting.
- Resolved technical accounting issues faced by clients through research and application of relevant industry guidance.
- Technical accounting experience includes software revenue accounting under ASC 606, stock-based compensation (ASC 718), purchase price allocation (PPA), and complex equity transactions.
- Evaluated internal controls for effectiveness and efficiency, recommending improvements to mitigate risks associated with financial reporting. Areas of focus include OTC (revenue cycle), equity and SBC, payroll, and P2P.
- Developed risk assessment strategies that improved audit efficiency and strengthened internal control processes.
- Assisted clients with financial statement preparation, ensuring compliance with regulatory requirements while maintaining transparency in disclosures.
- I led three IPOs and one SPAC engagement, which are highly time-sensitive and complex. I successfully handled the team on IPO engagements, and implemented best practices to improve efficiencies in completing IPO engagements.
- Mentored junior auditors, fostering their professional growth and improving team performance and collaboration. Under my leadership, I mentored professionals to achieve growth as managers, senior managers, and helped them to pursue the US CPA.
Autherized Officer
UBS
11.2014 - 08.2016
- As a member of the IMT (Independent Management Testing) team, my responsibility includes gaining an understanding of different functional areas of the bank, performing Design Effectiveness (DE) and Operating Effectiveness (OE) of different Key Procedural Controls (KPCs) across various functions and regions (APAC, EMEA, and Americas) on a quarterly basis.
- Planning and performing SOX testing according to the guidelines and scoping of the UBS SOX office.
- Coordinating with external consultant Deloitte and external auditors (E&Y) in finalizing the Annual SOX compliance reporting.
- Project management activities of the SOX audit include timely addressing of QA review queries, escalation issues, reporting of control failures, maintaining issue logs, updating status trackers, participating in periodic review meetings, and providing status updates.
Senior Associate
PwC
05.2011 - 11.2014
- Acting as an engagement in-charge for the assignments involving the planning stage, which comprises scoping and developing work plans that meet clients' expectations and budgets, mobilizing teams, and coordinating initial client meetings.
- Lead and manage teams of 3 to 6 people by allocating and monitoring their work, having stock-taking meetings at regular intervals, and reporting the same to the offshore and onshore managers.
- Understanding and application of PwC's audit approach, methodology, and tools, working with the engagement partner, team managers, and other team members in framing the audit strategy.
- Leading the interactions and coordinating with audit teams across the UK, NL, France, the US, and the Middle East, as well as client personnel from different territories, to understand the business process and obtain the deliverables required for performing the audit.
Education
Chartered Accountant - Accounting And Audit
Institute of Chartered Accountant of India
ICAI-Chennai 04.2001 -
Skills
Financial reporting
Badminton, Cricket, Swimming, Cooking
I enjoy playing Badminton(feels like it's strategy than just a game), Cricket, Swimming(Wholesome exercise). Also Pandemic turned me into a survivor cook.
Timeline
Audit and Assurance, Senior Manager
Deloitte
09.2016 - Current
Autherized Officer
UBS
11.2014 - 08.2016
Senior Associate
PwC
05.2011 - 11.2014
Chartered Accountant - Accounting And Audit
Institute of Chartered Accountant of India
04.2001 -