Sales Management

JOSEPH R. KRULICH, CPA, CIA

***** **** ***** ******, ***** Royalton, OH 44133

Home: 440-***-**** Mobile: 440-***-****

abl3z0@r.postjobfree.com

QUALIFICATIONS SUMMARY

Highly motivated Internal Audit professional with 20+ years of financial

auditing experience in planning, risk assessment and testing of internal

controls in a manufacturing environment.

. Proven track record of leading and managing audit teams.

. Timely generation of high quality reports to facilitate management

action plans.

. Application of sound judgment in developing practical solutions to

observed weaknesses.

EXPERIENCE

Rio Tinto Alcan, Cleveland, Ohio

6/1999-Present

Internal Audit Supervisor

Prepare annual audit plan for Packaging operations in the Americas. Manage

and review SOX compliance and other projects to ensure completion in

accordance with documentation standards. Participate in exit meetings and

achieve consensus on necessary corrective action.

. Led an overseas investigation of fraudulent financial reporting. The

$2.9 million earnings overstatement was due to "parking" expenses on

the balance sheet and inappropriately recognizing revenue by invoicing

consignment inventories which had not been shipped.

. Worked on an investigation that documented a $3.1 million

misappropriation. The investigation disclosed that the local Managing

Director took advantage of his ability to establish significant lines

of credit and authorized disbursements from the financial institutions

for the benefit of his own company. Documented that the local

accountant was instructed to submit fraudulent financial statements to

the head office in order to conceal the true position of the company.

. Investigated reasons that led to a $19 million bad debt provision at a

business unit and provided recommendations for enhancing controls over

customer credit.

. Detected inappropriate revenue recognition practices that overstated

sales by $860,000.

. Identified unbilled scrap shipments leading to recovery of $210,000.

. Discovered a programming error in cash disbursements program logic

that had resulted in vendors being paid one week early. Resulting

action plan led to improved cash flow.

University Hospitals Health System, Cleveland, Ohio

11/1998 to 6/1999

Senior Internal Auditor

Used risk assessment methodology to identify audit universe and develop

audit plan. Conducted detailed testing on new computer system

implementation. Assessed and reported on Y2K readiness efforts for clinical

devices and computer equipment. Performed revenue capture and billing

audits.

Sealy, Inc., Cleveland, Ohio

2/1994 to 8/1998

Senior Financial Analyst - Operations

Provide analytical support to the VP of Operations. Compiled operational

results for the 21 USA Bedding Facilities. Summarized financial activity to

depict actual vs budget results. Constructed graphs to portray historical

trends. Conducted meetings with operating management to discuss results and

improvement plans. Developed measurement criteria and maintained statistics

for the Circle of Excellence Program. Prepared and monitored $6 million

annual departmental budget. Managed the capital expenditure process and

developed a standardized, spreadsheet-based evaluation model. Prepared

large dollar capital requests for Board review and approval.

continued...

JOSEPH R. KRULICH

Page two

. Crown Jewel product line launched as a result of $2.8 million capital

project. Became the high end Posturepedic product line with over $40

million of annual sales.

. New trailers (with graphics) replaced aging fleet at no additional cost.

. Plant established in Mexico for $4 million. The facility became

profitable in line with projections and established international

feasibility.

. Components plant established for $2 million continuing the vertical

integration strategy.

. Cloth handle alternative adopted (better quality utilizing less material

and labor).

. Facility analysis assessed most advantageous lease vs buy alternatives.

Sealy, Inc., Cleveland, Ohio

7/1987 to 2/1994

Senior Internal Auditor

Implemented an audit approach to assess internal controls at the 24

manufacturing facilities of the world's largest bedding manufacturer ($800

million of annual sales). Reported to the CEO. Documented and performed

detailed testing of revenue and disbursement cycles.

. Identified numerous duplicate payments to vendors leading to

reimbursement of over $100,000.

. Determined that $100,000 of advertising claims were paid based on

falsified media invoices.

. Generated $80,000 of additional revenue through royalty audits.

. Detected many instances of unbilled shipments - led to development and

mandatory review of the Order Status Report as a means of ensuring all

goods shipped were billed.

McDermott International, Inc., Barberton, Ohio

2/1986 to 7/1987

Internal Auditor

Performed financial/compliance audits of operating departments. Assisted

the external auditors by documenting and evaluating operating systems as

part of the year-end audit. Reviewed annual division reports for compliance

with the Company's SEC Consent Decree.

The First Federal Savings Bank, Cleveland, Ohio

9/1984 to 2/1986

Internal Auditor

Conducted financial and compliance audits of bank branches and subsidiary

service corporations resulting in recommendations to safeguard assets and

increase the reliability of financial data.

. Executed an investigation into an employee fraud that resulted in a

conviction.

The Edward J. DeBartolo Corporation, Youngstown, Ohio

6/1983 to 9/1984

Internal Auditor

Audited mall tenants. Trained new staff auditors.

. Gross sales audits resulted in billings of over $10,000 due to

underreported sales.

. Uncovered a $40,000 fraud while conducting an operational review of mall

management.

EDUCATION

B.B.A., Kent State University, Kent, Ohio

Accounting Major

SKILLS

Proficient with Microsoft Office (Excel, Word, PowerPoint), TeamMate.

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