NILAKSHI PAHALAGE

• Manage a portfolio of six audit clients with a combined revenue exceeding $1250 million, overseeing teams across diverse industries such as retail, banking, healthcare, education, insurance, retail, construction, automobile, service providers and manufacturing

• Review of financial statements including consolidation financial statements and disclosures to ensure they are in compliance with AASBs.

• Supervise audit engagements, ensuring adherence to regulatory requirements including the Australian Accounting Standards Board (AASB), Australian Charities and Not-for-profits Commission (ACNC) requirements, International Standards on Auditing (ISA), the Corporations Act, the Australian Securities Exchange (ASX), and the Australian Securities and Investments.

• Review the application of AASB 15 (Revenue), AASB 16 (Leases) and AASB 9 (Financial Instruments).

• Review and re-performance of goodwill impairment calculation and accounting for internally developed intangibles using AASB 136 (Impairment of assets) and AASB 138 (Intangibles) requirements.

• Review the remuneration reports to ensure they meet the requirements of Corporation Act.

• Review of client income tax calculation, BAS and payroll tax to ensure they comply with tax regulations and meet the requirements of AASB 112 (Income taxes).

• Develop and monitor audit engagement budgets, identifying cost overruns and implementing cost-control strategies.

• Collaborate with cross-functional teams, including IT specialists and tax consultants, to ensure high-quality audit deliverables.

• Lead the development of audit strategies, including risk assessment, fraud detection, and the formulation of materiality thresholds.

• Strengthen client relationships through proactive communication, ensuring high client satisfaction and retention.

• Preparation of audit plan, board reports and statutory audit reports to communicate the key audit areas, findings and conclusion for client board of directors and audit committee.

• Assisting in the preparation of financial statements, including completing the accompanying notes
• Utilizing SAP and Coupa for daily activities.
• Conducting control testing
• Preparing cash flow workings
• Preparing internal management financial analysis reports

• Preparation and review of financial statements including consolidated financial statements of listed companies and reports following relevant standards and legislation.

• Led and managed two first-time audit clients, while delivering of high-quality audit services tailored to each client's specific needs and directly reporting to a director in audit.

• Application of complex accounting standards such as IFRS 15, IFRS 16 and IFRS 9.

• Oversaw multiple audit assignments concurrently, leading teams of 10 junior auditors while ensuring timely completion.

• Conducted comprehensive audit planning and implementation for a diverse range of clients across multiple industries, including manufacturing, banking, construction, hotels, property development, livestock, plantation, investment management, real estate and services.

• Attend the initial meetings, discussions with the client personnel (Directors and the relevant managers) and wrap-up meetings.

Colombo, Sri Lanka

• Prepare the statutory audit reports and internal audit reports and discuss the issues and qualifications, emphasized with the management.

• Computation of business income tax in accordance with taxation rules.

• Coordinating the progress of the audit with the client and relevant manager or partner.

• Reviewed and re-performed monthly balance sheet reconciliation including bank reconciliation, receivables and payable reconciliation and fixed asset reconciliation.

• Coaching the junior team members and assist them to manage their tasks to meet audit deadlines.

• Ensuring all tasks allocated to me have being performed within allocated time and to a high standard for review by managers/partners.

• Identified financial discrepancies and provided recommendations for internal process enhancements.

• Carried out the collection and analysis of financial data to identify and investigate material fluctuations, ensuring a thorough understanding of any significant variances.

• Conducted comprehensive walk-through of various business processes, including revenue, cash and cash equivalents, and inventory, while testing the design and effectiveness of internal controls to ensure adequacy and reliability.

• Assisting the supervisors and the managers to carry out audit filed work.

• Meeting deadlines by completing the audit field work on time.