Group reporting and consolidation
Headed a multinational group’s global record-to-report hub, built from ground zero in India: statutory reporting, group consolidation and financial close.
150+ subsidiaries · 7 countriesFounder
Sandeep Choudhary, ACA
Founder and principal reviewer, Pramanex
A finance leader who has run statutory reporting, consolidation and treasury for multinational groups, now reading 10-Ks the way the SEC staff will.
- 17+
- years in finance
- 150+
- subsidiaries consolidated
- 7
- countries
- ACA
- qualified professional, first attempt
About
Sandeep Choudhary is a qualified professional with more than 17 years in finance. He has headed record-to-report and treasury centers of excellence for a multinational retail group, run treasury for a high-growth technology group and been finance controller for an automotive manufacturer reporting under US GAAP.
He founded Pramanex because, from inside finance functions, he saw how published reports are made: assembled at the end of a long close, checked against checklists and rarely read end to end. Pramanex gives finance leaders and audit committees that reading first, the way the SEC staff would, while there is still time to act.
Experience
Where his judgment comes from.
Treasury, hedging and IFRS 9
Held treasury roles in three groups and built treasury and IFRS 9 centers of excellence: hedge documentation, effectiveness testing and expected-credit-loss models.
₹6,000 crore+ investment portfolioUS GAAP controllership in a SOX environment
Finance controller for an automotive Tier-1’s regional unit: close, forecasts and intercompany charges under US GAAP and Indian GAAP, with consistently satisfactory internal-audit ratings.
USD 100 million+ manufacturing operationIFRS conversion and consolidation systems
Lead IFRS consultant on a group GAAP-conversion and Hyperion HFM consolidation; later led an Oracle Fusion transformation and redesigned pension reporting.
Pension reporting: 45 to 15 daysWhat this means for your 10-K.
- Your consolidated statements and notes are read by someone who knows how a close produces them, and where late adjustments enter.
- Derivative, hedging and credit-loss disclosures are read for whether the policy, the numbers and the risk narrative agree.
- Each point is framed the way the SEC staff would raise it, with the page, the words and the rule, before you file.
Credentials
- qualified professional (ACA)ICAI
- PG Certificate, Emerging CFOsIIM Indore
- IFRS · US GAAP · Ind ASFrameworks
- SOXControls environment
Previously at Tesco · Lear · Ola · Essar
Former employers are named for career history only; none of them is a client, and none endorses Pramanex.
How he works
Four rules on every engagement.
- Reads every report. The engine proposes; he decides what reaches you, before release.
- One evidence standard. The page, the words, the rule and the workings, or the point is dropped.
- Independence first. Conflicts are disclosed before acceptance; he never reviews his current employer or its group.
- Observations, not an audit opinion. Your auditor, counsel and board keep their responsibilities.
Services are provided by Pramanex, a brand of Finversal Capital Services Private Limited, a company incorporated in India (CIN U66190OD2025PTC049940). Not an audit, review or other attestation or assurance engagement, and not legal advice. Pramanex is not a CPA firm and is not registered with the PCAOB.
Your next 10-K will be in draft before the audit is done.
Have it read before you file.
Start with three free findings on your latest 10-K, or book a fixed-price 10-K check. Drafts only under NDA, inside your insider trading policy.