Saurabh Sethi

Email:ssethi82@gmail.com
Mobile:+91-9871131172
Linkedin: https://www.linkedin.com/in/sethi-saurabh-1a3a231b/

Career Highlights
- Chartered Accountant with 13+ years of work experience across Auditing, Risk Consulting and Group
Reporting.
- Handled clients across various industries like Manufacturing, Pharma, Aviation, BPO and Services,
etc. complying Indian GAAP, US GAAP, IFRS and SOX.
- Experienced in liaising with senior management and middle management at various public companies
and consultants at a global level.
- An effective communicator with very strong client management and inter-personal skills and proven
ability to relate to people at any level of business and management.

Professional Experience

Bank of America Dec 2016 – Till Date

Senior Manager, Financial Control office, India

Leading the FR Y-14 Q/M, Call reports Transaction Review Program (including end-to-end design and
execution) which provides assurance over the accuracy of data reported by comparing reported values to
source documentation (ultimately supports CFO Attestation). Aspects of the program include:

 Scoping / Risk Assessment

- FR Y-14Q/M Schedules
- Call Reports
- Element & Line Prioritization (Static and Dynamic)
 Testing
- Developing test scripts
- Establishing and executing multi-year test plans
- Implementing a self-sourcing model
- Establishing an off-shore team to perform testing
 Observation validation and remediation
 Reporting / Governance
- Reporting to a cross-functional Transaction Review Governance Council
- Created functionality to provide real-time dashboards

Other Relevant Experience:

 MRIA remediation
 Developing a Cross Report Strategy to implement Transaction Review across other Regulatory
Reports
 Developing and implementing the workflow management tool used for the Transaction Review
Program
Global Sox Program

 Implement and govern the overall framework, methodology, policies, procedures and guidelines
to ensure SOX Compliance including activities supporting quarterly and annual CEO / CFO SOX
certifications
 Partner with other key stakeholders including Corporate Audit and External Audit and evaluate
results of control testing

Ernst & Young (EY) Nov 2012 - Dec 2016

Manager, Assurance

Joined firm to lead a team of 50+ team members, including Assistant Managers, Seniors and Staffs
working on audits of public and privately held client in Central America and was reporting to Executive
Director.

Key Responsibilities

Business - Worked on strategy with a team of 10-12 members (managers and senior
Development & managers) led by US partner for business development for GTH.
Strategic Initiative - Led the efforts for involvement of team members in various audit areas for
clients in collaboration with Onshore Audit Executive Team.
- Led efforts for conceptualizing and establishing Real Estate industry specific
assurance team at GTH for Onshore clients at Pan America basis through
support of local Director and Global Real Estate Assurance Leader

SOX & IFC - Implemented IFC for Indian clients by reviewing various critical processes and
suggesting process improvements and control implementation
- Reviewing the audit documentation as per PCAOB requirements with the US
Audit Quality team.
- Reviewed various process including Order to Cash, Procure to Pay, Financial
reporting close process for US listed clients as per SOX requirements.

General - Led operational reporting and compliance for 50+ team members including
Management Annual Headcount Planning, Audit Engagement Planning and Execution,
Annual Budgeting and reporting to local and US stakeholders.
- Performance appraisals of team members, managing and developing staff
including performance appraisals of functional reportees etc.

B S R & Company (A member firm of KPMG) Feb 2006 - Nov 2012

Manager, Assurance

Independently managed and reviewed assignments including statutory audits, limited reviews, control
assurance and tax audits for various Indian and multinational clients.

I joined the firm as Executive in Feb 2006 and was promoted to manager in Sept 2011. During my
association with the firm, I learned advanced and innovative audit techniques and was conversant with
Indian Accounting Standards, IFRS, US GAAP and SOX audits, CARO, Guidance Notes, Corporate
Laws and their application. I obtained knowledge of management processes in various functional and
sub-functional aspects of corporate management. I have successfully and independently managed and led
assignments besides assisting in many others.

Key Responsibilities

Audit planning and - Gaining an insight into the operations of the entity with respect to objectives,
execution plans, policies and procedures and major changes therein
- Identification of major environmental considerations and developments
affecting the entity’s operations
- Identification of critical audit areas through an analytical review of the entity’s
financial performance, consideration of environmental factors and
effectiveness of the accounting system
- In addition to general responsibilities of audit managers dealt with key issues
related to areas of Revenue, Inventory, Taxes

Business - Worked with partners for preparing client proposals, meeting with prospective
Development and clients and onboarding of new audit clients.
Client Management - Providing guidance to the client in the presentation of financial statement,
balance sheet, cash flow, segment information, notes to the accounts etc.
- Presentation of audit observations to the senior management, board of directors
and audit committees

Team Management - Manage audit teams and ensure timely completion of the audit assignments and
to maintain the quality of the final deliverables
- Performance appraisals of team members, managing and developing staff
including performance appraisals of functional reportees etc.

IPO Restatement - Restatement of financials for last 5 years’ accounts as per latest accounting
policies as required by Stock Exchange Listing requirements and guidelines for
IPO activity for one of the client in aviation Industry.
- Worked with Merchant bankers for Comfort Letter.

Audit and accounting

 Restatement of financial statements as per SEBI guidelines for an IPO.
- InterGlobe Aviation limited (Indigo Airlines)
 Financial Statement Audit and Tax audits as per as per applicable financial reporting framework.
- InterGlobe Aviation limited (Indigo Airlines), Ranbaxy Laboratories Limited, Carrefour India,
Schlumberger Solutions Private Limited, UnitedLex BPO Private Limited, SBI Cards and
Payment Services Private Limited, GE Plastics (a division of GE India Industrial Private
Limited), Oriflame India Private Limited, AT Kearney India Private Limited, Arinc – India
Branch office.
 Review of business processes and internal control procedures.
- Ranbaxy Laboratories Limited, Proptiger Realty Private Limited, Crystal Crop Protection Private
Limited.
 Group reporting to the parent Company’s auditors
- International Road Dynamics South Asia Private Limited, Otto AGN International Limited –
New Delhi Branch office
 Special Audit Assignments
- Reckitt Benckiser India Limited
Education Qualification

Chartered Accountant Institute of Chartered Accountants of India, New Delhi May 2005
Article ship – From O.P.Bagla & Co. completed in March 2004
Graduation School of Open Learning, Delhi University 2003
Senior School Kendriya Vidyalaya, Faridabad 1999
Secondary School Kendriya Vidyalaya, Faridabad 1997