Varsha Moolchandani

• Promoted to Audit Senior in 2023 to lead USI delivery for high-profile listed entities, including TUI UK and Ireland (LSE) and Avolta AG (SIX Swiss Exchange), overseeing the full audit lifecycle from risk assessment to final reporting.
• Owned the end-to-end audit of significant and complex areas, including IFRS 15 (Revenue Recognition) for travel packages, and IFRS 16 (Leases) for global property and fleet portfolios at both Group and Component levels.
• Spearheaded the testing of internal controls over financial reporting (ICFR) based on the COSO Framework, evaluating the design and operating effectiveness (DE/OE) of key business processes.
• Managed the monitoring of non-audit services (NAS), ensuring Avolta's global footprint remained compliant with independence pillars throughout the audit period.
• Owned the comprehensive IFRS Disclosure Checklist process for Swiss component entities, and conducted first-level reviews of audit working papers to ensure 100% compliance with ISA (UK).
• Facilitated cross-border communication between the USI delivery center and the Swiss onshore team, acting as the primary point of escalation for project status, and resource allocation.

• Assisted in end-to-end statutory audits for a portfolio of FTSE 100 and Global 500 clients, including Marks & Spencer, TUI UK&I, and Deutsche Telekom, ensuring 100% compliance with IFRS and UK GAAP.
• Performed extensive substantive testing and analytical reviews for Ellucian and PZ Cussons, providing deep-dive insights into financial statement variances, and supporting management's year-end disclosures.
• Presented clear and concise audit findings to senior management, highlighting key issues that required immediate attention.
• Drafted and finalized audit observations and management letters, identifying process improvements, and reporting findings to senior stakeholders at the UK onshore office.
• Led status-tracking calls and project management workstreams for large-scale, multi-entity audits, ensuring all milestones from planning to completion were met.
• Supervised and reviewed the work of 2–3 junior assistants, ensuring technical accuracy and professional development.

Work Handled, Clients Serviced:

1. Statutory Audit.

• Syndicate Bank and BRKG Bank (various branches).
• Gupta Prime Resorts, Pvt. Ltd.
• Ajmer Foods Pvt. Ltd. (Parle Job Worker)

2. Internal Audit.

• Mayo College Girls' School, Ajmer.
• Mayoor School, Ajmer.
• Relan Motors, Pvt. Ltd.

3. Tax Audit

• Toshniwal Industries Pvt. Ltd., Ajmer.
• Web Access India Pvt. Ltd.
• Various trading concerns dealing in products and services.

4. Revenue Audit.

• Ajmer Vidyut Vitran Nigam Ltd.

5. Other activities and responsibilities were managed.

• Physical stock taking and valuation, as per standards issued by ICAI.
• Scrutinized General Ledger Reconciliations.
• Preparation of E-TDS returns, computation of income, and filing tax returns.