Mehul Agrawal

Financial Services Associate @PwC

Led statutory audits for multinational clients, ensuring compliance with IFRS, US GAAP, and PCAOB standards. Applied accept-reject, target testing, and non-statistical sampling approach while testing expense, acquisition, and disposal of investments for Luxembourg-established funds. Gathered audit evidence to verify Management fees and Performance fees expensed by the Funds, which reduces risk of material misstatement. Analysed fair value of investments and verified acquisitions and disposals with various agreements, funding memos, and bank statements. Performed capital contribution and distributions check with notices, also bringing capital values to true-ups. Recalculating operating expense ratio, net investment income ratio, carried interest ratio, and IRR to verify financial highlights. Executed test of details, substantive analytical procedures, including trial balance review, cash & bank testing including foreign currencies, revenue recognition, and other expense testing. Assessed internal controls and risk management processes for financial reporting accuracy. Reviewed financial statements, audit work papers, compliance documentation, and ticking disclosures in a checklist of US GAAP and IFRS as applicable. Collaborated with onshore teams to execute global audit engagements efficiently. Creating comprehensive workpapers with meticulous documentation and accuracy for all balance sheet, and profit and loss areas.