Professional Overview
Ruchita Parsekar serves as Assistant Manager - Internal Audit at Prowise Advisory, bringing 3 years of specialized experience in IFC (Internal Financial Controls) and Internal Audit in Real Estate. Her expertise focuses on supporting audit operations, ensuring compliance across engagements, and strengthening financial controls in the real estate sector.
Experience & Expertise
3 Years in Internal Audit
Specialized experience in internal financial controls, real estate audit, and compliance across construction and property development projects.
IFC Expertise
Proficient in testing internal financial controls, evaluating control design and operating effectiveness for compliance with regulatory frameworks.
Real Estate Audit
Focused expertise in auditing real estate transactions, project costing, revenue recognition, and compliance in construction and development projects.
Compliance Support
Supporting audit operations by ensuring compliance with statutory requirements, RERA regulations, and accounting standards specific to real estate.
Core Competencies
Internal Financial Controls
IFC testing, documentation, and compliance attestation
Real Estate Audit
Project audits, construction cost analysis, and revenue audits
RERA Compliance
Real Estate Regulatory Authority compliance and reporting
Project Costing
Construction cost audits, variance analysis, and budget reviews
Revenue Recognition
Real estate revenue audits, percentage completion method reviews
Control Testing
Test of design and operating effectiveness of internal controls
Key Achievements
- Conducted IFC audits for real estate companies with project values exceeding ₹100 Crores
- Completed 50+ real estate audit engagements covering residential and commercial projects
- Identified control gaps in project costing systems leading to improved cost tracking
- Supported RERA compliance for 20+ projects ensuring zero regulatory issues
- Assisted in documenting and testing 100+ internal financial controls
- Contributed to improving audit efficiency through enhanced documentation and testing procedures
Industry Expertise
Need Internal Audit & IFC Services?
Connect with Ruchita for specialized real estate audit and internal financial control solutions.