Vaibhav Lahoti

About Vaibhav Lahoti

I have led comprehensive audits for various established organizations in Retail Consumer & Transportation, Hospitality & Services sector projects which adhere to a five-part, standardized and exacting audit process including Client Acceptance Procedures, Audit Planning, Risk Assessment process, Substantive Audit Procedures, and Reporting. My audit responsibilities involves a comprehensive review process. This included evaluating a company\'s background, identifying potential conflicts of interest, and applying independence procedures. These steps ensured we met client acceptance criteria, assessed risks effectively, and tested the design, implementation, and efficiency of the organization\'s internal controls. I played a key role in analyzing client financial statements. This included establishing trial balances and performing extensive testing on Financial Statement Line Items (FSLI) balances. The testing procedures covered a wide range of areas, such as cash, revenue, cost of sales, operating expenses, accounts receivable, and accounts payable and accrued expenses. In addition to my core responsibilities, I also leverage industry benchmarking and correlation analysis to evaluate the accuracy of management forecasts and associated estimates. My expertise in the Consumer Products, Transportation, Hospitality, and Services sectors, combined with my mastery of industry tools, methodologies, and GAAP principles, allows me to lead comprehensive audits from start to finish.I also spearheaded audit engagements, leading initial client meetings and discussions with the Technical Consulting Working Group (TCWG) regarding past audit issues and the upcoming year\'s plan. My responsibilities encompassed comprehensive financial statement testing, including journal entry (JE) testing, balance sheet, income statement, and cash flow analysis. This involved ensuring proper presentation and disclosure according to relevant standards, as well as in-depth testing of all Financial Statement Line Items (FSLI) for accuracy and completeness. I ensured timely and accurate audit reporting by meticulously managing reporting requirements and staying current on allupdates. This meticulous approach guaranteed adherence to all relevant guidelines.I significantly contributed to the client proposal by crafting a compelling PowerPoint presentation. This deck showcased the specific services we could provide, the efficiencies we would introduce, and the positive impact we\'d have on their creditworthiness. This comprehensive approach ultimately secured the engagement.

Experience

1. Audit Manager

   Deloitte

   Jan 2021 — Present · Delhi, IN

Education

• The Institute of Chartered Accountants of India (ICAI)

  Chartered Accountant

  2013 — 2018