Sudarshan Singh Mertia’s Post

I’m thrilled to share that I have successfully completed an Audit Simulation with PwC US! This hands-on experience allowed me to deepen my understanding of audit processes, risk assessments, and control evaluations while working through real-world scenarios. I am grateful for the opportunity to learn and enhance my skills alongside industry experts, and I look forward to applying this knowledge to further strengthen my career in audit and assurance. #Audit #PwCUS #ProfessionalDevelopment #ContinuousLearning #AuditSimulation

Initial findings of #NFRA are welcome and will build trust and confidence in audit. As per the Chairman of NFRA, there is a greater awareness among firms of issues related to independence and audit firms are fixing issues which were pointed out in in the inspection of Big 5 firms done last year adding that we have to go another mile to ensure that other firms too comply with the independence requirements in letter and spirit. #Big4 #auditinspections #auditfirms #auditorsindependence #audit #auditors #charteredaccountants #nfra The Institute of Chartered Accountants of India (ICAI) Business Standard #pwc #kpmg #ey #deloitte #gt #codeofethics

On 9 January 2024, the Institute of Internal Auditors (IIA) released the new Global Internal Audit Standards (Standards) to guide the professional practice of internal auditing and serve as a basis for evaluating and elevating the quality of the internal audit function (IAF). In this publication, we share our views on how internal audit functions can and should implement the requirements related to two of the new Standards, the requirements to draft a strategy, and a performance management methodology. Read the full report: https://lnkd.in/gxPTpWxN Ali Abbas Andrew Vethanaygam Sujan Sivasubramaniam Johanne Cabraal Imthas Bary Bahij Elkhatib, CIA, CISA, CMA, CIDA #KPMG #Kuwait #InternalAudit #GlobalInternalAuditStandards #MiddleEast

- The CIA certification significantly boosts the credibility of Internal Audit Professionals globally. - Recognized in over 170 countries with a membership exceeding 185,000, the CIA has been setting the standard for excellence in the field for over 40 years. - Earning the CIA designation is a crucial step in showcasing fundamental internal audit competencies and expertise. - According to the IIA's 2018 survey: - 84% of respondents recognize the value that the CIA adds to their internal audit endeavors. - 70% of Chief Audit Executives (CAEs) prioritize candidates with the CIA designation when hiring. #articleship #cia #internalaudit #big4 #cafinal #viral #trending

#The #Unsung #Heroes: #How #Internal #Audit #Guided #Ratan #Tata's #Vision😎 In the world of business, few names resonate as powerfully as Ratan Tata, the visionary leader who transformed Tata Group into a global powerhouse. But behind his extraordinary success, there’s a #lesser-#known #story – one that highlights the power of internal audit in driving integrity, transparency, and long-term growth. 🎡The #Turning #Point: A Challenge of #Integrity It was the early 1990s. Ratan Tata had just taken the reins of the Tata Group, a sprawling conglomerate with businesses ranging from steel to telecommunications. The world was changing fast, and Ratan Tata had a bold vision – to make Tata a global brand. But challenges loomed. In one of the group’s subsidiaries, financial #discrepancies were #uncovered by the internal audit team. These weren’t minor oversights; they had the potential to disrupt the company's reputation. It was a test, not just for the internal auditors, but for Ratan Tata’s leadership. 👓The #Internal #Audit #Revelation Ratan Tata didn’t sweep the findings under the rug. Instead, he did something remarkable – he empowered the internal audit team to dive deeper, uncovering every inconsistency with a fine-tooth comb. He believed that long-term success couldn’t be built on shaky foundations. As the internal auditors meticulously examined the company’s processes, they not only identified the lapses but also provided solutions. Their role wasn’t just about pointing out errors; it was about building a more transparent, resilient system. Ratan Tata #admired their #dedication and #precision, calling them the "#unsung #heroes of #business #integrity." 🎆A Lesson in #Accountability At a time when it would have been easy to take shortcuts, Ratan Tata made a pivotal decision. He acted on the internal audit’s recommendations, made difficult changes in leadership, and tightened financial controls. This move not only restored the company’s financial health but also reaffirmed Tata Group’s commitment to ethical practices. Years later, reflecting on that experience, Ratan Tata shared, “Internal audit is not about catching mistakes; it's about safeguarding the future" A company’s true strength lies in its ability to self-correct, and internal audit is the compass that keeps us on the right path.” #Key #Takeaway🤔: Ratan Tata’s leadership, built on transparency and ethics, was often guided by the findings and insights of internal audit. For the young generation, his story underscores the importance of trusting in the process, standing by your principles, and embracing internal audit as a force for positive change. #Leadership #RatanTata #InternalAudit #Integrity #EthicalBusiness #InspirationForYouth #LongTermSuccess #BusinessEthics

I am excited to share that I have successfully completed the KPMG U.S. Career Catalyst: Audit training program. This experience has been incredibly enriching, and I am eager to apply the skills I’ve gained. Here are some of the key tasks I accomplished: 🔍 Conducted a Job Simulation : Focused on auditing a hypothetical client, Ashbourne Industries. 📊 Materiality Determination : Assessed the materiality of general ledger accounts to effectively plan the audit. 📧 Confirmation Process: Prepared, sent, and evaluated the results of confirmations sent to third parties. 🔄 Order-to-Cash (OTC) Review : Analyzed the client’s OTC process to ensure accuracy and efficiency. 🎥 Audit Findings Communication : Delivered audit findings via a video presentation and reviewed the audit opinion. This training has significantly enhanced my auditing skills, and I am excited to leverage these insights in my professional journey. #ProfessionalDevelopment #AuditTraining #ContinuousLearning #KPMG #Big4 #Audit #Conseil

Dive into our audit purpose and learn how you can make a meaningful contribution to the world of #Audit. 👇🌍 Discover our #AuditLand, an exciting world of opportunities at PwC: https://bit.ly/3lisJDY #PwCSwitzerland #PwCCareers

Big News: NFRA to Inspect Big 4’s!!! Birds Eye View:🎯 👉 National Financial Reporting Authority (NFRA) will inspect the Big 4 Audit firms: - Deloitte India - EY (SRBC & Co) - KPMG (BSR & Co) - PwC - Walker Chandiok & Co (Grant Thornton) Object of Inspection: 👉 To ensure compliance of ICAI’s Audit Standards and Guidelines with main focus on: → Providing Non-Audit services with Auditing Services. → Auditors' independence and communication with company directors. → Documentation Scope of Inspection: To check and enforce audit quality, approximately 60 listed companies will be examined for compliance with auditing standards due to: → Increase in no. of professional misconduct cases. → Increase in qualitative irregularities in audits. Impact of Inspection: → Better quality of financial reporting. → Geater transparency and accountability in the auditing profession. #NFRA #BIG4 #ICAI #Audit

The Mindset of Millionaires, Billionaires, Highly Successful C-suite Executives, Business Leaders and Talented High-Tech Experts. They have a Positive Mental Attitude and Digital Growth Mindset. Is there a lesson from the world's TOP 10 richest billionaires and business executives with a Net Worth of over $100 billion? One of the Best lessons that I learned about Business and Strategic Intelligence from my MOM and DAD as two highly successful entrepreneurs, business leaders, executives and problem-solvers. Competencies, responsibilities and accountabilities with a Short and Long-Term Vision: I invest in Advanced Executive and Leadership Programs to sharpen my global leadership skills. I take calculated risks and aim to drive digital transformation and achieve quality results. Innovation, Strategic Intelligence and Opportunities: As a lifelong learner, voracious reader, world traveler, global servant, transformational and inspirational leader, I am constantly seeking new opportunities. I feel comfortable with macroeconomic and geopolitical uncertainties. I am driven by innovation and pushing boundaries. Passion and Persistence with technological prowess and acumen: I am passionate about Finance, Behavioral Economics, Cultural Psychology and STEM. I possess and demonstrate incredible persistence in the face of challenges. It's important to remember that these are generalizations. Some highly successful C-suite Executives and business leaders may exhibit a different "millionaires and billionaire" mindset, and vice versa. The key takeaway is that achieving financial success often requires a combination of hard work, calculated risk-taking, upskilling, and a vision for a bright future. Explore relevant Global Executive and Leadership opportunities with a Positive Mental Attitude and Digital Growth Mindset: We leverage cutting-edge science, data engineering, and emerging technologies to translate vision into BOLD action and transform global challenges into great opportunities. 1) We solve problems by closing digital divide, bridging skill gaps, unlocking human potential and unleashing productivity. 2) We translate ambitious ideas and vision in BOLD action to maximize employee engagement, optimize customer (CX) and increase executive presence. 3) We transform global challenges into great opportunities by leveraging state-of-the art Tecnologies and harnessing artificial intelligence drive digital transformation, deliver great outcomes and achieve sustainable quality results. 4) Global Leadership Perspectives and Expert-insights: We use a human-centric approach to modernize and digitalize organizations. 5) Upskilling Imperative: Advanced Executive and Leadership Program for Excellent Skills and Exceptional Leadership competencies to deliver great outcomes and achieve sustainable quality results.