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Michael Prasad

Specialist Advisor - I help business owners get out of financial holes by restructuring things

Professional Background

Michael Prasad is a distinguished professional specializing in financial management, governance, strategy development, and risk management. With a wealth of experience, he has dedicated his career to not only enhancing the financial success of businesses but also ensuring that their foundational practices are robust and geared towards growth. His unique approach emphasizes problem-solving and the implementation of sound management practices that significantly contribute to improving profitability. Michael takes pride in his ability to connect with clients, many of whom he considers friends, and finds immense satisfaction in witnessing their business and financial successes.

Throughout his career, Michael has made notable contributions to the accounting profession in New Zealand, particularly through his active involvement with the New Zealand Institute of Chartered Accountants, which has since merged with its Australian counterpart, becoming Chartered Accountants Australia and New Zealand. His commitment and service within these organizations highlight his leadership capabilities and dedication to the advancement of the accounting industry.

Education and Achievements

Michael's educational background includes an MBA in Retail and Service Businesses from Southern Cross University in Australia and a robust foundation in accounting earned at both the University of Auckland and the University of the South Pacific where he completed his BA in Accounting. This strong academic background equips him with the theoretical knowledge and practical skills necessary to excel in his profession.

His professional accomplishments have not gone unnoticed. In 2018/2019, Michael was awarded a Fellowship by Chartered Accountants Australia and New Zealand, a prestigious recognition determined by his peers that showcases his significant contributions to the profession. This accolade reflects both his extensive experience and his unwavering commitment to excellence in the field of accounting.

Community Involvement and Philanthropy

Beyond his professional achievements, Michael harbors a passion for giving back to the community. He actively shares his expertise with various non-profit and community organizations, helping those in need. This altruistic approach not only aids in community development but also enriches Michael's own professional journey as he connects with diverse groups and contributes to their financial well-being.

Organizational Leadership

Michael Prasad has held several prominent leadership roles throughout his career. As the Director at Michael Prasad Group Limited (MPG), he continues to influence the Australian and New Zealand markets positively. His past positions include the Director and Chair of the Audit and Risk Committee at ChildFund NZ, demonstrating his commitment to transparency, accountability, and financial stewardship in charitable organizations.

In addition, Michael has showcased his leadership within the professional accounting community. He served as the Vice-Chair of the Auckland Public Practice Special Interest Group at Chartered Accountants Australia and New Zealand and has been a Committee Member of the Auckland Branch Operational Tax Liaison Group, as well as a member of the Public Practice Advisory Group (Trans Tasman) at the same institution. Furthermore, his contributions to the New Zealand Institute of Chartered Accountants include serving as the inaugural Chair of the Auckland Leadership Team and chairing the Auckland Branch Committee, solidifying his reputation as a trusted leader and innovator in the field.

Achievements

  • Awarded Fellowship by Chartered Accountants Australia and New Zealand in 2018/2019 for significant contributions to the accounting profession.
  • Led various committees and groups within the Chartered Accountants Australia and New Zealand, showcasing leadership in advancing accounting standards and practices.
  • Provided strategic oversight as Chair of Audit and Risk Committee for ChildFund NZ, emphasizing accountability in non-profit financial management.
  • Actively contributed to the Auckland Public Practice Special Interest Group, fostering collaboration among professionals in accounting.
  • Established a legacy of mentorship and knowledge-sharing with community organizations to promote financial literacy and sustainability.

Related Questions

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How has Michael Prasad's education influenced his career in the accounting profession?
Michael Prasad
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Location

Auckland, Auckland, New Zealand