VISWESWARA RAO PANASA
Audit and Finance
Hyderabad
Summary
Seeking challenging assignments in the domain of Auditing, Accounting, Finance and Taxation with growth-oriented organization where I can utilize my professional knowledge by seeking opportunities for professional growth and advancement and to contribute towards organization’s goals
Overview
7
7
years of professional experience
3
3
Languages
Work History
Audit Senior
Deloitte USI
06.2023
- Lead Senior for working on an External Audit engagement of a Fortune 100 client in the Consumer industry operating mainly in aerospace, building technologies, performance materials and technologies and productivity solutions
- As part of this engagement, acquired expertise on the Shared Service Center (“SSC”) methodology
- Responsible for handling significant risk areas, including ASC 606 Overtime Revenue Recognition and Management override of controls, which requires Journal Entry testing
- Communicating and coordinating with Deloitte and client personnel across the globe
- Developing recommendations for areas of improvement, writing reports, documenting findings, discussion with concerned executives, senior management and exercising follow up to ensure suggestions are implemented
- Ensuring compliance with regulatory requirements & accounting standards
- Experience in conducting analysis & performance of substantive testing of account balances
- Managing the identification of risk associated with various account balances.
Audit Senior Assistant
Deloitte USI
12.2021 - 05.2023
- Comprehending client’s business, audit planning and execution, preparing work papers, discussing and resolving audit issues
- Responsible for External Audits for a Fortune 500 Company wherein checked the accuracy of financial statements, ensured that the accounts presented are drawn on correct accounting principles
- Effectively performed Revenue Testing (POC) in line with the revenue recognition standard ASC 606.
Article Assistant and Audit Associate
SBS and Company LLP
04.2016 - 11.2020
- Involved in statutory audits of multiple listed and unlisted companies and performed following audit procedures
- Understanding the client business and preparing Audit plan & Audit procedures for achieving the objective of Audit
- Performed analytical procedures and tests of details for Balance Sheet and Profit and Loss statement accounts during the audits
- Ensured compliance with established internal procedures by examining reports, processes, and documentation
- Prepared working papers, reports and supporting documentation for audit findings
- Tax Audit of Companies, Partnership firms, Trusts and Associations
- Responding to Income Tax Assessments
- Furnishing Income Tax returns for Companies & Individuals
- Accounting and Preparation of Financial Statements
- Foreign Exchange Management Act compliance for Inbound and Outbound investments.
Education
Chartered Accountancy - Final - Auditing And Finance
ICAI
04.2001 -
Chartered Accountancy - IPCC - Auditing And Finance
ICAI
04.2001 -
Bachelor of Commerce - Auditing And Finance
IGNOU
04.2001 -
Chartered Accountancy - CPT - Auditing And Finance
ICAI
04.2001 -
XII -
Board of Intermediate Education
04.2001 -
X -
Board of Secondary Education
04.2001 -
Skills
Strong analytical and problem solving skills
Comfortable in working with various Windows based packages like MS Office and Accounting packages like SAP and Tally
Successfully completed Advanced Information Technology Training & exam in accordance with the requirements of ICAI
Accomplishments
- Got All India First Rank in CA CPT
- Received 1 Applause Award and 2 Spot awards in Deloitte.
- Got Exemptions in Strategic Finance Management, Indirect Taxation and Economic Laws of CA Final, Accounts and Advanced Accounts papers of CA IPCC
- Successfully cleared articles assessment test in accordance with the requirements of “The Institute of Chartered Accountants of India.”
Personal Information
- Father's Name: Appala Naidu P
- Date of Birth: 06/11/97
- Nationality: Indian
Timeline
Audit Senior
Deloitte USI
06.2023
Audit Senior Assistant
Deloitte USI
12.2021 - 05.2023
Article Assistant and Audit Associate
SBS and Company LLP
04.2016 - 11.2020
Chartered Accountancy - Final - Auditing And Finance
ICAI
04.2001 -
Chartered Accountancy - IPCC - Auditing And Finance
ICAI
04.2001 -
Bachelor of Commerce - Auditing And Finance
IGNOU
04.2001 -
Chartered Accountancy - CPT - Auditing And Finance
ICAI
04.2001 -
XII -
Board of Intermediate Education
04.2001 -
X -
Board of Secondary Education
04.2001 -