Sr Manager/Associate Director/Director - Accounting Advisory/Technical Advisory - IFRS & IndAS - Big4 Consulting Firm

Company: A leading Big-4 consulting firm

Location: Mumbai

Designation: Senior Manager / Associate Director / Director

Experience: 8+ years

Domain expertise: IFRS and IndAS

We have this assignment with a leading Big-4 firm.

The technical group is to Assurance practice what a brain is to the human body. It supports the Assurance practice by providing risk management, technical consultation, knowledge management and thought leadership on all aspects of IFRS, Ind-AS and Indian GAAP.

The Honourable Finance Minister during the Union Budget 2014-15 announced that Ind-AS would be applicable voluntarily from the year 2015-16 and mandatorily from the year 2016-17. With this, importance of Ind-AS/ IFRS knowledge has increased many folds. The persons who are working on Ind-AS/ IFRS closely will be much ahead in the curve vis--vis persons having limited knowledge on these aspects. The role with the technical group is the easiest and fastest way to sharpen knowledge and skills on Ind-AS/ IFRS.

Technical review

Technical review involves performing objective, critical and substantive review of financial statements of large companies, before they are released to public. In case of IFRS/ Ind-AS technical reviews, the members of group act as experts on various IFRS engagements. IFRS technical review involves performing objective, critical and substantive review of IFRS deliverables. IFRS reviewer effectively acts as a guide to engagement teams on all major IFRS issues by helping them to understand and resolve these issues. He effectively acts as a guide to engagement teams on all major issues.

Consultations

Members of the group act as first point of reference on any complex accounting issue being faced at the client location. They work closely with the engagement teams on various issues leading them to a logical conclusion.

Thought leadership initiatives

We undertake regular thought leadership initiatives to enhance our position as - the leading service provider- in the market. Technical group is responsible to develop these thought leadership initiatives enabling its members to further strengthen and showcase their technical expertise. Some of our widely acknowledged thought leadership initiatives are publications/ webcasts on the new Companies Act, Good Company (India) Limited - Revised Schedule VI model accounts, Getting to know Ind-AS, Assurance Eye and weekly alerts - Assurance this Week.

Developing the firm's position on standards and interpretations

The group plays a key role in developing firm's position and preparing comments letters on all key development in the area of accounting, including IFRS and Ind-AS. Hence, each member of the group is expected to have an in-depth knowledge and analysis on all such developments.