Shivam Kumar

About Shivam Kumar

I am a recently qualified Chartered Accountant(May\'24) with three years of articleship…

Experience

1. Associate

   BDO RISE

   Oct 2024 — Present · IN

   Performed audit procedures for a US-based hedge fund client, ensuring compliance with financial reporting standards and client-specific requirements.• Performed detailed testing across key areas including trial balance validation, preliminary analytics, capital activity (contributions, redemptions, commitments, transfers), and capital allocations (including management and incentive fees).• Reviewed and tested financial highlights (FiHi’s), capital roll forward, cost roll and cash workpapers, ensuring alignment with fund agreements and audit objectives.• Verified purchases, sales, and realized/unrealized gains or losses (RGL), and performed testing for due to/from broker balances.• Assisted in planning and executing audits of Employee Benefit Plans (EBPs), including 401(k) plans in accordance with GAAP, ERISA, and DOL regulations.• Performed detailed testing of plan transactions such as participant contributions, distributions, loans and employer matching contributions to verify compliance with plan provisions.• Reconciled investment balances, participant accounts, and plan assets using trust statements and third-party administrator (TPA) records.