About Praveen Sompalli
Managing Partner, Sompalli & Co | Chartered Accountant | Audit Technologist
Praveen Sompalli
CA, Certified Forensic Auditor, DISA
With over 5 years of experience in accounting, audit, GST, and finance, I am a forward-thinking Chartered Accountant dedicated to delivering value through technology-driven audit solutions, regulatory expertise, and strategic financial insights. As the Managing Partner of Sompalli & Co, I lead a team committed to excellence in statutory audits, internal audits, GST compliance, data analysis, and AI-powered tools for the accounting industry.
Career Objective
As a licensed Chartered Accountant, my mission is to empower businesses by providing innovative, compliant, and growth-focused solutions across audit, taxation, and finance. I'm passionate about integrating AI and automation into audit processes, ensuring transparency, and enabling smarter decision-making for our clients.
Key Areas of Expertise
| Area | Expertise |
|---|---|
| Auditing | Statutory, Internal, GST, Tax Audits, Concurrent Audit, Forensic Audit |
| Compliance & Taxation | GST Returns, GST Appeals, Income Tax, TDS, Transfer Pricing, DPDP |
| Technology Integration | Automation using Python, Power BI, Excel VBA, Flask, and AI tools |
| Forensic Investigation | Fraud detection, transaction tracing, manipulated accounts audit |
| Financial Reporting | IND AS, US GAAP, IFRS, Financial Dashboards, Data Reconciliations |
| Advisory Services | Virtual CFO, Business Intelligence, Tax Planning, and Loan Structuring |
Technical Proficiency
| Tools & Languages | Proficiency Areas |
|---|---|
| Python, Flask | AI-based audit automation, reconciliation tools, financial bots |
| Excel (VBA, Power Query) | Custom audit tools, dashboards, reconciliations |
| Power BI & Tableau | Financial dashboards, real-time MIS reports |
| Accounting Software | Tally Prime, SAP FICO, QuickBooks, Zoho Books, NetSuite, Dynamics 365 |
| Audit Tools | IDEA, Custom ERPs, GSTR Reconciliation Engines |
Key Achievements
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Developed "AIBYCA" – an AI-based internal audit application used by multiple professionals.
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Automated GST Return Filing – reduced compliance turnaround time significantly.
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Detected major financial frauds – saving clients crores through forensic auditing.
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Built accounting productivity tools – GSTR-2A matchers, Bank transaction extractors, 26AS parsers.
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Enabled Insurance Recovery – recovered factory fire losses and handled insurance claims.
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Dashboard Creator – built automated reporting tools for CFOs and business owners.
Industry Exposure
I've served clients across diverse industries such as:
Certifications
| Certification | Issued By |
|---|---|
| Chartered Accountant | ICAI |
| Certified Forensic Auditor | ICAI |
| DISA (Information Systems Auditor) | ICAI |
| Certified Power BI Analyst | Microsoft |
| Full Stack Developer – Flask | Udemy |
| Python for Finance and Audit Automation | Udemy |
| Concurrent Audit Certification | ICAI |
Our Mission & Vision
Mission
To simplify finance, drive growth, and build trust by offering customized accounting, tax, and audit services that meet the evolving needs of businesses worldwide.
Vision
To be a globally respected partner in finance—known for integrity, innovation, and impact—helping every client thrive in a complex financial world.
What Drives Us
Integrity
We operate with transparency and ethical excellence in every action and decision.
Innovation
We adapt, automate, and innovate to stay ahead of changing business needs.
Client-Centric
Your success is our mission. We tailor every solution with you in mind.
From Vision to Reality
What started as a local accounting initiative by Praveen Sompalli has blossomed into a globally trusted brand in finance. With footprints in India and the USA, we’ve helped startups, corporations, and entrepreneurs simplify compliance, optimize tax, and scale efficiently. Our journey continues—driven by trust, passion, and your growth.
Meet the Experts
Akhil A
Senior Manager | SEMI QUALIFIED CA
Experts in Automation, Development of Web Applications
Tejaswee
Financial Analyst & Data Consultant
Translating numbers into insights
Urukundu
Compliance & Accounting Head
Specialist in Indian regulatory and tax laws
Priya Chowdary
Compliance & Accounting Head
Specialist in Indian regulatory and tax laws
Let's Achieve Financial Excellence Together
Connect with our experts to transform your finance, audit, or tax strategy.
Contact Us