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Accounting Manager

New Delhi, Delhi, India
June 30, 2019

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Arun Sethi

(ACA, AICWA, Certified IFRS from ICAI), +1-928-****-***, Address: Saket,Delhi-17

Scaling new heights of success with hard work & dedication and leaving a mark of excellence on each step; targeting for managerial level assignments in GAAP Conversion / Finance and Accounts with a growth-oriented organization

Location Preference: Mumbai, Bengaluru, Hyderabad,Pune, Delhi and Out of India to UAE, USA


Financial Reporting

Investor Relations

Financial Analysis

Risk and Management Audits

Statutory Compliance

(GST, Ind AS)


Strong professional experience of over 9 years in financial reporting, analysis and investor relations

Strong technical expertise in IFRS 3, 10, 15, 16, ASC 805 & 810 and IND AS Projects and awarded with Exceptional Client Service Award in E&Y

Rich experience in sectors like Manufacturing, Information Technology, mining and metals renewable energy, real estate industry

Comprehensive understanding of global accounting requirements including IFRS, U.S. & Ind-AS GAAP


oStatutory audits as per Indian/ US GAAP/IFRS,

oQuarterly Limited reviews of listed and unlisted clients in accordance with SEBI LODR guidelines, IAS 34, Ind-AS 34

Finalization of accounts, MIS, Budgeting, prepare statements, business activity reports, and forecasts, and oversee financial compliance to ensure the company meets all legal requirements.

Collection and preparation of accounts, providing and interpreting financial information, annual budget, scheduling expenditures, analyzing variances, initiating corrective actions.

Worked for biggest IPO Uber and visited San Francisco office to assist the team in the same for a month.

Widely travelled to countries like Dubai, USA (New York, Florida, SanFrancisco) for work related to assignments


Jun’18- Till date with KPMG, Gurgaon as Assistant Manager (Accounting Advisory Services) – IndAs/IFRS Reporting/ US GAAP

Key Result Areas:

Prepared memos and resolved complex accounting issues like business combinations, consolidation including VIE assessment and determination of joint arrangements and revenue recognition (IFRS-15) and leases (IFRS-16)

Preparation of Financial Statement as per the requirement of Ind-As in compliance with Schedule-III of the Companies Act 2013

Performed GAAP assessment (IFRS to US GAAP) and drafted Pro forma financial statement and footnotes

Drafting of whitepapers for purchase accounting, Revenue recognition impact from IAS-18 to IFRS-15 for clients engaged in flavour and fragrance business (Buy side engagement)

Oct’17-Feb’18 with Somany Ceramics Ltd., Noida as Manager – MIS Reporting

Key Result Areas:

Contributed GAAP conversion for I-GAAP to IND-AS

Improved the internal systems and processes by evaluation of the effectiveness of the controls structure and design

Facilitated the:

oGAAP conversions and implementation of Ind-AS

oQuarterly limited reviews under Ind-AS 34

oFinalization of books of accounts, drafting and designing accounting policies for Ind-AS

oBudgeting of fixed assets and Branding

Assisted management (MD and CFO) in Debtors and inventory management and variance analysis around key Balance Sheet/P&L ratio’s, preparation of internal audit reports etc.

Aug’15-Sep’17 with Ernst & Young LLP, Gurgaon as Assistant Manager (Financial Accounting Advisory Services)

Key Result Areas:

Conducted impact assessment of new standards like business combination and revenue recognition under US GAAP/IFRS for onshore clients

Prepared the cash flow as per requirement of IAS-7 for SKH Metals Limited & SKH Magneti Marelli Exhaust Systems

Accomplished the Ind-AS Diagnostic Project for clients like SKH Metals Limited, SKH Magneti Marelli Exhaust Systems and SRF Limited

Facilitated the finalization of financial statements in compliance with the provisions of Companies Act-13 (Revised Schedule III), Indian Accounting Standards and other pronouncements by Indian accounting regulators

Prepared memos and resolved complex accounting issues like business combinations, consolidation and determination of joint arrangements, investments, and revenue recognition (IFRS-15) and leases (IFRS-16) and many more

Prepared memo on purchase accounting and consolidation as per US GAAP ASC 805 / 810 requirement


Feb’14-Aug’15 with The Institute of Chartered Accountant of India, ITO and Noida-Delhi as Assistant Director

(Committee of Corporate Laws & Corporate Governance & Auditing and Assurance Standard Board)

Major Projects:

Guidance Note on Reporting of Fraud U/S 143(12) of the Companies Act, 2013

Guidance Note on Sec 143(3) Clause F & H which Deals with Auditors Power’s and Duties and Content in Auditors Report

Key Contributor in Bringing E-Book on Companies Act, 2013

Working on Integrated Reporting Trends and its Implementation in India

Jan’12-Feb’14 with Price Waterhouse Coopers, Gurgaon as IInd Yr. Associate (Assurance Services)

Major Clients:

NIIT Technologies, Noida (Group Statutory Audit)

Glaxo Smith Kline Consumer Health Care and Asia Pvt. Ltd. (Statutory Audit for 12-13 and Tax Audit AY 13-14))

Mother Son Sumi Systems Limited (Limited Review for the period ending 30- June-12 and 30-Sept-12)

Geodis Overseas Private Limited (End to end Statutory Audit for the period ending 31-Mar-12)

Ingersoll Rand Technologies and Services Pvt. Ltd.


Worked as the point of contact clients for various audit and assurance assignments like external financial reporting under IFRS/ IGAAP for annual audits/ limited reviews

Assisted the tax team in finalization of Transfer Pricing Reports and Form 3CEB

Facilitated the:

oFinalization of financial statements in compliance with the provisions of Companies Act-13 (Revised Schedule VI/III), and the relevant accounting standards/ other pronouncements by Indian accounting regulators

oPreparation of Certification on regulatory reporting


oP&L accounts, booking business cost, manual invoicing, generating and distributing management reports

oMonth end Accruals, prepayments & provision and Management reports

oAuditors report in accordance with SA 700 issued by ICAI

Mar’11 – Nov’11 with Grant Thornton (Walker Chandiok), Delhi as Associate-Audit & Assurance

Major Clients:

HSIL, Vatika Group (Westin Hotels and Resort – Managed by Starwood) and RG Stone Chain of Hospitals – Quarterly and Yearly closure of books and tax audits.

Jun’09 – Feb’11 with KPMG (BSR & Co.), Gurugram as Executive-Audit & Assurance

Major Clients:

Aryan Coal Benefaction Private Limited(prospective IPO Company – Indian Capital Markets, compiled the requirements of SEBI ICDR Regulations and the Listing Regulations in relation to an IPO), Unitech Ltd. and Panasonic AVC India Ltd.


MS-Office, SAP and ERP, KAM (KPMG), Aura & My Client (PwC), EY (GAM)


IFRS from Institute of Chartered Accountants of India (ICAI) in 2013

GST from VG learning Destination in 2017


M.Com. from ARSD, Department of South Campus, Dhaula Kuan,Delhi in 2004 (IInd Division – Scored 57%)

B.Com. (H) from SGGSCC, Delhi University, Pitam Pura,Delhi in 2002 (Ist Division – Scored 67%)

Professional Qualifications & Academic Achievement

C.A. Final from ICAI in 2008 - Ist attempt (Scored 53.5%)

Cost Accountant from ICWA in 2007 - Ist attempt (Scored 62%)

Awarded with the Best Paper Award for Cost & Management accounting paper from NIRC, ICWAI


Date of Birth: 25th June 1981 Marital Status: Married

Languages Known: English and Hindi

Visa Status: Multiple entry VISA (B1/B2) for a period of 10 years (Business/Conference - USA)

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