Eftimie Raluca, FCCA
Senior Audit Manager at KPMG Romania- Claim this Profile
Click to upgrade to our gold package
for the full feature experience.
-
English Full professional proficiency
Topline Score
Bio
Credentials
-
ACCA
ACCAJan, 2018- Nov, 2024
Experience
-
KPMG Romania
-
Romania
-
Business Consulting and Services
-
700 & Above Employee
-
Senior Audit Manager
-
Oct 2019 - Present
As a senior manager, I have: - effectively led teams in planning, managing and executing Audit engagements, within a risk based environment efficiently and effectively; - collaborated to plan objectives and determine an audit strategy that appropriately addresses risks in addition to establishing the expectations of the value to be delivered. - defined project structure and assessing and assuring proper resource allocation - delivered projects on-time and on-budget - identified and effectively delt with risks, project extensions, etc. - maintained high quality and professional standards - acted as a role model and mentor for less experienced members of the team providing on the job training and developing, through evaluation and counseling. Accounting Frameworks: (IFRS and Romanian GAAP) Auditing Frameworks: (ISA (International) and PCAOB (Integrated audit)) Show less
-
-
-
Independent Financial Consultant
-
Bucharest, Romania
-
Audit Manager
-
Jan 2016 - Oct 2019
As a manger, main responsibilities were: •Lead client audit engagements, which include planning, executing, directing, and completing financial audits; •Preparing audit reports and discussing with directors or partners about the issues found within the audit fieldwork and their impact in the reports to be submitted to the client •Proactively interacting with key client’s management to gather information, resolving problems, and making recommendations for business and process improvements •Coordinating the preparation of financial statements, cash flow, summaries, and other cost-benefit analysis and financial management reports. •Proactively interacting with key client’s management to gather information, resolve problems, and make recommendations for business and process improvements • Allocating to each audit team member the work to be performed, review their wok and also perform the most difficult sections of the audit assignment, such as: assessment of going concern assumptions, contracts’ analysis, tests on revenue and deferred revenue, assessment of debt covenants, review of GRPs and financial statements, IFRS adjustments, intangibles’ analysis etc; •Preparing interoffice and client deliverables (Analytical Review Documents, Highlights Completion Memorandums, Management Letter Comments, Agreed Upon Procedures Reports etc); •Keeping the partner informed about the status of the audit and maintain key relationships with the client (first contact person for certain clients); Show less
-
-
-
Deloitte
-
Business Consulting and Services
-
700 & Above Employee
-
Audit Senior
-
Sep 2014 - Jan 2016
•Lead client audit engagements, which include planning, executing, directing, and completing financial audits; •Supervise, train and mentor staff members and interns on audit process. Schedule, delegate, and review the work of one or more staff members, support on-the-job training, and evaluate their performance •Preparing draft audit reports and discussing with managers or partners about the issues found within the audit fieldwork and their impact in the reports to be submitted to the client •Develop junior staff and seniors by providing on the job training and appropriate performance feedback Business sector: Financial services Show less
-
-
-
Kreston Romania
-
Romania
-
Accounting
-
1 - 100 Employee
-
Senior Auditor
-
Apr 2011 - Sep 2014
• Document and understand the client’s business, test the design and operating effectiveness of risk- management controls, analyze the Financial Statements and perform detailed audit procedures to assess the possibility of misstatement. Develop recommendations for areas of improvement, write reports documenting findings, and follow up on recommendations to ensure suggestions are implemented. • Restatement of balance sheet financial information prepared in accordance with the laws of Romania in the group reporting format that the company complies with IFRS (International Accounting Standards). • Prepared monthly and quarterly stand-alone and consolidated financial statements in accordance with International Financial Reporting Standards (IFRS). • Prepared agreed-upon procedures undertaken in accordance with the International Standard on Related Services (ISRS 4400) applicable to agreed-upon procedures. Supervisor on grants auditing Conduct audit in accordance with International Standards on Auditing ISA 800 including; Check eligibility of direct costs of financing terms and conditions of the contract; Income verification action (if revenues were properly recorded in the accounts of project management); Checking compliance with Request for reimbursement conditions of the financing; Checking accounts of beneficiary compliance with accounting rules of the financing contract; Reconciliation information from the application for reimbursement with the accounting system and records of the beneficiary; Budget marker analysis (request for reimbursement of costs versus budget financing agreement); Checking the total amount required to pay the beneficiary and the general and specific conditions of the financing contract, and the amounts provided by category of expenditure; Preparing Report on factual findings (RCF). Show less
-
-
-
-
Senior Accountant
-
Apr 2010 - Apr 2011
Main activities and responsibilities Periodic reconciliation of leasing portfolio at least monthly - and the monthly calculation of deferred management fee - Evidence and booking the repossessed goods, and inventory objects - calculate and record their fixed assets depreciation - carrying out any other tasks with financial accounting data - assistance in developing software to automate manual processes - Assisting in the monthly reports ; Main activities and responsibilities Periodic reconciliation of leasing portfolio at least monthly - and the monthly calculation of deferred management fee - Evidence and booking the repossessed goods, and inventory objects - calculate and record their fixed assets depreciation - carrying out any other tasks with financial accounting data - assistance in developing software to automate manual processes - Assisting in the monthly reports ;
-
-
-
-
Audit assistant
-
Jun 2007 - Apr 2010
Main activities and responsibilities Almost three years work experience within Financial Audit at KPMG Romania SRL in client-facing environments this implying performing specific audit procedures for Financial Statements prepared according to International Financial Reporting Standards and also to Romanian Regulations. I was involved in the audit assignments carried out by KPMG office in Bucharest. The portfolio of clients includes banks, insurance companies, leasing companies, asset management companies, investment funds, private pension funds, other non-banking financial institutions (IFN). Responsibilities: -to gain a good understanding of the client’s business -to test the design and operating effectiveness of client risk management controls -to perform tests of controls over significant class of transactions in order to eliminate the possibility of misstatement in client’s financial statements -to identify and investigate audit differences and evaluate findings -to prepare letters towards the management of our clients describing the findings identified during the assignments and proposing appropriate recommendations -to review the financial statements of clients under RAS and IFRS Show less
-
-
Education
-
2014 - 2018
ACCA
ACCA -
2004 - 2008
Academia de Studii Economice din București
Bachelor's degree, Accounting
Community
