PK Kalavacherla
Partner, DPP
Prabhakar (PK) Kalavacherla rejoined 乐鱼（Leyu）体育官网 LLP (乐鱼（Leyu）体育官网) in February 2014 as a partner in 乐鱼（Leyu）体育官网鈥檚 U.S. Department of Professional Practice (DPP) group. Prior to returning to 乐鱼（Leyu）体育官网, PK served as a member of the International Accounting Standards Board (IASB) in London, the first Indian to be so appointed. Before joining the IASB, PK was with 乐鱼（Leyu）体育官网 in the Audit practice for 15 years (1993 to 2008), with the last 7 of those years as an Audit partner.
While at the IASB, PK was actively involved in the development of financial reporting standards in several critical areas of financial reporting, including financial instruments, revenue recognition, leases, insurance accounting, consolidations, and fair value measurements.
As a part of his current responsibilities at 乐鱼（Leyu）体育官网, PK is the co-head of Accounting Group at DPP and leads the global revenue topic team. In addition, he works on several large implementation assignments for 乐鱼（Leyu）体育官网鈥檚 Advisory clients. Before leaving for the IASB board role, PK served as a lead Audit engagement partner on large public companies apart from his responsibilities as a Securities and Exchange Commission (SEC) reviewing partner and International Financial Reporting Standards (IFRS) partner. PK has extensive knowledge of accounting and auditing for a wide range of U.S.-based and European multinational clients in a variety of industries. In addition to handling statutory financial audits, PK has transcontinental experience with initial public offerings from Europe and India, bonds and rights issues, as well as merger and acquisition reviews. He advised on several complex listing/regulatory filing and corporate governance related issues and took part extensively in discussions with the SEC. PK also served in 乐鱼（Leyu）体育官网鈥檚 Department of Professional Practice in New York, and 乐鱼（Leyu）体育官网鈥檚 U.S. Capital Markets Group in London. As a seconded U.S. partner, he led the U.S. GAAP practice in India from 2001 to 2005.
PK has contributed to many leading publications and has been a keynote speaker on several seminars on the SEC, IFRS, and U.S. GAAP. He has also been quoted in Wall Street Journal articles and has appeared on CNBC India.