Warnet Hernandez

Background

About Warnet Hernandez

Warnet Hernandez is a Senior Associate in the Assurance practice of SGV & Co./ Ernst & Young Philippines. He joined the firm in November 2010 after passing the CPA board exam in May 2010 and after a short stint as an Instructor for a semester at Batangas State University. Warnet started his career in Assurance by being involved in the audit of local companies in the fields of advertising, entertainment gaming, retail, education, professional firms and shared services industry. As an associate, he was involved in the understanding of the business and walkthroughs of significant business transactions, testing of client controls, and in the execution and documentation of audit procedures. He was also actively involved in the identification and discussion of audit issues which served as management letter points. Currently, he is handling offshore audit of hedge funds, transferring from local audit to Asia-Pacific Talent Hub, SGV & Co.’s arm in servicing international clients across E&Y, in July 2012. His primary responsibilities include supervising and administering the staff in audit fieldwork, reviewing the work of his staff and ensuring quality in delivering client service, preparing and submitting reporting packages and reporting directly to the onshore manager/senior manager in Australia (EY Sydney) and in coordination with EY Cayman Islands on some CIMA registered funds. As a senior associate, he is involved in the establishment of the audit team and other audit service requirements, identifying fraud risk considerations and significant accounts and disclosures, preparation of risk assessments and design of substantive and general audit procedures, preparation of audit strategies and summary review memoranda, review of financial statements, performance of overall analytical review procedures and in the preparation and delivery of communication with the onshore manager of the audit results.