Vrunda Umakant Puranik
Summary
A seasoned audit professional with over 7.5 years of experience, including a 3-year CA internship focused on Statutory Audit and 4.7 years of post-internship experience, in IT Audit and Statutory Audit.
Result-driven professional with skills in conducting thorough audits, risk assessments and leveraging technology to streamline audit processes and enhance efficiency.
Overview
9
9
years of professional experience
Work History
Senior Associate 2
PwC Acceleration Centers
07.2023 - Current
- Led audits covering SOC 1/ SOC 2, SOX, CASS audits to evaluate the design, implementation and effectiveness of ITGCs, ITACs and business process controls in alignment with industry best practices, standards and regulatory requirements (e.g., SSAE18, ISAE3402, ISAE 3000, COSO, SOX, CASS Regulations, etc.)
- Assessed and reviewed access control, change management and IT operations procedures to ensure compliance with organizational policies and applicable regulations
- Conducted risk assessments by performing walk throughs and testing procedures to identify control gaps and areas of improvement
- Reviewed controls around backup, disaster recovery and business continuity plans
- Enhanced audit procedures by performing IPE testing, Key Report testing and data analysis using tools like Alteryx, Excel, ChatPwC and Datasnipper
- Prepared audit reports that document findings, risk assessments and recommendations for improvement
- Demonstrated ability to handle multiple priorities and deadlines as well as anticipate problems and escalate issues on timely basis, adapt to dynamic and challenging environments, manage budget and actual hours for an audit
- Supervised team of 4+ members, conducted comprehensive review of workpapers and provided coaching and feedback to encourage growth and improvement
- Collaborated with strong written and oral communication, interpersonal skills, positive attitude and an eagerness to learn
- Produced extra business of 3000+ hrs
- And saved the review time of senior management by maintaining strong audit documentation
Consultant (Sr. Executive)
Deloitte Touche Tohmatsu India, LLP
09.2022 - 06.2023
- Performed control testing for business processes controls and IT controls for SOC 1/ SOC 2- Type II reports as per standards- ISAE 3402 and SSAE 18.
- Executed ITACs, IPE testing and Key report testing for loan management applications for leading NBFC.
- Carried ITGC testing for covering access management, change management, backup, disaster recovery and IT operations as a part of IT audit for financial statements.
- Liaised with financial statutory auditors to understand the impact of IT Audit observations on financial statements and deriving solutions for mitigating the risk.
- Managed client relationships through regular check-ins and updates on project progress.
- Identified areas of improvement for clients operations, implementing targeted solutions to increase productivity and compliance with regulations.
Executive
Kalyaniwalla & Mistry LLP, Chartered Accountants
07.2021 - 08.2022
- Company Overview: (Alliance of Mazars)
- Spearheaded end-to-end ITGC Testing covering access management, change management, incident management, physical security for a leading listed Scheduled Commercial Bank (Advances of INR 55,000 crores +), listed NBFC, Foreign Bank and Large Corporate
- Performed ITACs, IPE and Key Report testing for Loan Management Applications (LMS), ERP (Finacle), Mobile banking applications, HR Management applications for 5+ engagements
- Handled audit for IRACP (NPA) Automation as per RBI guidelines for bank with advances exceeding INR 55,000 crores
- Developed a detailed checklist for IRACP Automation audit
- Assisted in presentation of report to the Audit Committee meetings
- Functioned as one point of contact for client, Statutory Financial Auditors, Senior Managers and Director
- (Alliance of Mazars)
Audit Senior
Sastakar Vaidya & Co., Chartered Accountants
07.2019 - 08.2020
- Led end-to-end Statutory Audits as per Companies Act, 2013, as per Group Audit Instructions (German GAAP) (Companies with revenue of INR 450 crores+) & led Limited reviews (ISRE 2400 & 2410) in manufacturing/ service sector
- Assessed 3 critical legal issues pertaining to compliances of Companies Act 2013
- Imparted 2 trainings and developed templates for CARO 2016, ISREs, ASs, SAs and working papers
Article Assistant
Sastakar Vaidya & Co., Chartered Accountants
02.2016 - 02.2019
- Statutory Audit as per Companies Act, 2013; Limited review and audit as per Group Audit Instructions
Education
Pursuing CISA -
ISACA
03.2025
IS Auditing Controls & Assurance -
Hong Kong University of Science & Technology-Coursera
05.2021
CA – IPCC - Accounting Technician Certificate
The Institute of Chartered Accountants of India
11.2015
Company Secretary -
The Institute of Company Secretaries of India
12.2014
Bachelors in commerce -
Savitribai Phule Pune University
04.2014
Skills
- IT Audit
- Internal Controls
- Business Process Controls
- Analytical Thinking
- Project Management
- Team Leadership & Supervision
- Training and Mentoring
- Effective Communication & Listening
Awards
- PwC: Received ‘The Maestro Award'.
- PwC: Recognized for PwC qualities– ‘Leaders in Action', ‘Make a difference,' ‘Deliver quality; and ‘Act with Integrity' by Senior Management.
- Deloitte Touche & Tohmatsu India LLP: Rewarded with ‘Applause Award' for Client Centricity.
- Intra-college and Inter-college Rank-1 in Solo Music Competitions.
- Completed Madhyama Purna level with First class in Indian classical vocal segment.
Languages
English
Bilingual or Proficient (C2)
Hindi
Bilingual or Proficient (C2)
Marathi
Bilingual or Proficient (C2)
Hobbies
- Singing
- Dancing
- Trekking & Travelling
Timeline
Senior Associate 2
PwC Acceleration Centers
07.2023 - Current
Consultant (Sr. Executive)
Deloitte Touche Tohmatsu India, LLP
09.2022 - 06.2023
Executive
Kalyaniwalla & Mistry LLP, Chartered Accountants
07.2021 - 08.2022
Audit Senior
Sastakar Vaidya & Co., Chartered Accountants
07.2019 - 08.2020
Article Assistant
Sastakar Vaidya & Co., Chartered Accountants
02.2016 - 02.2019
IS Auditing Controls & Assurance -
Hong Kong University of Science & Technology-Coursera
CA – IPCC - Accounting Technician Certificate
The Institute of Chartered Accountants of India
Company Secretary -
The Institute of Company Secretaries of India
Pursuing CISA -
ISACA
Bachelors in commerce -
Savitribai Phule Pune University
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