Piti Chaiwatanasaransuk

Senior accounting policy specialist

Banking Audit: - Led teams of 4-10 auditors, delivering service for Siam Commercial Bank and its spin-off businesses - Conducted training on data analytics of derivatives valuation for internal audit of the Bank - Conducted accounting trainings for accounting team of the Bank Department of Professional Practice (DPP): - Technical trainer for KPMG professionals, providing training for senior auditors to audit partners on IFRS 9 accounting, equity valuation and financial risk areas - KPMG accounting specialist, providing solutions for complex matters relating to financial instruments (ECL model, EIR calculation, pricing) and other finance relevant issues to audit engagements (firm-wide)

● Fund Raising - Developed financial model and prepared company presentation for fund raising process. Successfully raised fund from listed companies with THB 2 billion valuation. - Supported financial due diligence process for investors. ● Corporate Finance - Designed and implemented budgeting process starting from budget request process, expense allocation, and budget reporting. - Developed end-to-end spreadsheet based budgeting templates to facilitate finance officers to achieved the planned process while pending for the implementation of budget management tools. - Provided cash flows projection for top executive as a milestone to achieve targeted firm valuation. - Prepared BOD meeting presentation on financial information part. - Developed Cash Burn analysis to monitor capital sufficiency. - Implemented inventory management and standard costing template for GTG Café for pricing and promotion strategic planning. ● Accounting - Monitored PR, PO and Cash disbursement process. - Developed end-to-end spreadsheet template for sales contract that have special terms that are not supported by standardize accounting program. The process includes contract quota record, order received, delivery status, AR report and document generation for each transaction such as invoices and receipt. - Developed Python code for report automation such as sales invoice, withholding tax form, purchase order to improve process efficiencies. - Designed and implemented control over fixed asset. - Prepared monthly P/L report for GTG café. - Reviewed financial statement of GTG Group prepared by outsource accounting firm.

● Credit Risk Advisory Technical Advisory on ECL Model Development: - Advised securities companies to initiate the credit risk model using Merton's Credit Risk model technique together with historical expected shortfall approach - Advised corporate firms to implement Credit risk model for trade AR accounts - Performed model calibration for PD, LGD, EAD and MEV analysis parameters Model Validation: - Developed set of Python codes to validate the performance of credit risk parameters including PD, LGD and EAD - Performed qualitative review on the conceptual soundness of the model - Investigated and provided feedback to the system vendor to revise the calculation for higher accuracy ● Audit Specialist Credit risk specialist: - Performed ECL model review over 13 engagements including Thai and SEA financial institutions. - Performed CECL model review for group reporting in accordance with USGAAP ● Accounting Advisory IFRS 9 Accounting System Implementation for a State-own bank: - Identified gap between the Bank's existing accounting practice and requirement of the new accounting standard - Designed system specification for the system vendor to comply with IFRS 9 - Revised the Bank's workflow and its internal process to support the requirement of IFRS 9 - Designed Chart of Account to support IFRS 9 transactions and disclosure - Led Training Program for the Bank's top executive

Engagement In-charge: Financial Service ● Performed analytical review on client's financial statements to identify key business risks and develop audit appropriate procedures. ● Arranged risk assessment planning discussion with audit manager and partner to update key risk area and proposed audit plan to address key identified risk. ● Reviewed team’s test of control of end-to-end process relating to financial statement preparation . ● Reviewed team’s substantive testing to assure the presentation of financial statements. ● Ensured that the overall quality of engagement met the level of the firm’s standard. ● Reviewed corporate income TAX form (PND 50 and PND 51). ● Issued management letter to notify management and audit committee on control deficiencies and other key audit matters. ● Assisted audit teams to improve credit review process to effectively challenge bank’s credit rating process. ● Provided advice on the walkthrough process on provision setting and design working paper to address the assertions. ● Advised and helped audit teams in analyzing issues relating to IFRS 9. ● Summarized credit risk model evaluation and designed audit procedure.