VAMSHI KRISHNA PARVARHANENI
Summary
Experienced Chartered Accountant and Big Four audit professional specialising in US GAAP financial statement audits and assurance engagements within technology, media, consumer, and energy sectors. Expertise includes ASC 606 revenue recognition, internal controls, audit planning, and risk assessment. Proven leadership in managing complex workstreams, delivering high-quality results, and fostering strong relationships with senior stakeholders.
Overview
1
1
Certification
11
11
years of professional experience
Work History
Audit Senior
Deloitte and Touche AERS
Hyderabad
12.2021 - Current
- Led end-to-end financial statement audits for high-risk accounts, executing substantive procedures and analyzing financial analytics to identify variances and potential misstatements.
- Evaluated, documented, and tested SOX internal controls (ICFR) using walkthroughs and operating effectiveness testing to ensure zero control deficiencies.
- Supervised and coached teams of 4 to 6 associates on complex audit deliverables while managing stakeholder dependencies to meet strict SEC filing deadlines.
- Handled revenue assurance for major SaaS and tech clients, reviewing contracts and order forms to apply the 5-step ASC 606 model for accurate revenue recognition.
- Analyzed non-standard contract terms like variable consideration, principal vs. agent rules, and modifications to write technical accounting notes compliant with US GAAP.
- Calculated and managed standalone selling price (SSP) allocations for multi-element contracts, tracking deferred revenue and billing flows across the deal lifecycle.
- Managed day-to-day revenue tracking and system updates within NetSuite while preparing clear audit schedules and walkthroughs for external auditors to streamline the close process.
- Advised cross-functional audit teams on complex US GAAP issues, specifically focusing on ASC 606 revenue recognition and ASC 842 leases.
Audit and Assurance Consultant
PwC, SDC
Hyderabad
11.2019 - 12.2021
- Conducted substantive tests across AP, AR, PPE, and other critical high-risk accounts to support audit conclusions.
- Prepared detailed audit workpapers using analytical procedures to analyse profit and loss accounts.
- Applied US GAAP and audit methodology to evaluate account balances and ensure completeness.
Article Assistant — Chartered Accountancy Article ship
ANP and Co LLP
Chennai
10.2015 - 10.2018
- Managed tax audit reviews of financial records and tax filings, ensuring accuracy and compliance in reconciliations.
- Directed reviews of financial records and processes, enhancing internal control design and risk mitigation.
- Led audit delivery for manufacturing, construction, and trading clients, ensuring compliance and accuracy.
Skills
- External and internal audit
- US GAAP application
- ASC 606 revenue recognition
- SOX compliance
- Internal controls testing
- Risk assessment
- Financial statement review
- Financial analytics
- Analytical procedures
- Journal entry analysis
- Advanced Excel skills
- AI automation
- Team and project management
Certification
- IFRS Accreditation — Deloitte Internal Certification
- Advanced Microsoft Excel (Mastery Level) — Pivots, Macros, Power BI
- Data Analytics in Auditing — Deloitte Internal Certification
Timeline
Audit Senior
Deloitte and Touche AERS
12.2021 - Current
Audit and Assurance Consultant
PwC, SDC
11.2019 - 12.2021
Article Assistant — Chartered Accountancy Article ship
ANP and Co LLP
10.2015 - 10.2018