Budhia Sahu

Experience

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  Haribhakti & Co. LLP

  Jan 2021 - Jan 2024

  Article Assistant

  - Conducted end to end audit procedures in Revenue from Operations and Trade Receivable including process understanding of Revenue and Receivable cycle, walkthroughs, performing control and substantive testing of a listed company.- Audited consolidation financial statements, involving understanding of group structure, consolidation procedures, verification of Foreign Currency Translation Reserve (FCTR) and examination of both primary and secondary consolidation adjustments.- Performed audit of Premium Income and Reinsurance Ceded, including understanding of business and premium booking process of a General Insurance Company.- Involved in statutory central audit of leading commercial bank and contributed to the audit of Investments and conducted audit of Share Capital and Reserve & Surplus. Executed walkthroughs and control testing for IFC, conducted branch visit and currency chest visit.- Carried out audit of ESOP accounting and disclosure as per ICAI Guidance Note.- Executed certifications for various purposes, including NCD Asset Coverage, Investment in ACRE, Large Exposure Framework, and ESOP Certificate.- Conducted research on transition adjustments during transition from IGAAP to Ind AS. Compiled detailed memos covering various Ind ASssuch as Ind AS 16, Ind AS 102, Ind AS 109, Ind AS 115, and Ind AS 116. Prepared Ind AS financial statement from previous GAAP.- Translated financial statements from US GAAP to IFRS, incorporating adjustments related to IAS 40Investment Property and IFRS 9 Financial Instruments. Show less

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  IDFC FIRST Bank

  Apr 2024 - now

  Management Trainee - Audit Executive(Business Process)