Internal Audit Management

OBJECTIVE

To join an esteemed organization as a professional Internal Auditor / Accountant and put to practice my best talents and qualifications for its betterment and constant advancement in the industry.

EDUCATION

Bombay University Mumbai, INDIA June - 1983

BCOM

Institute of Chartered Accountants of India New Delhi, INDIA July - 1987

CA - Chartered Accountant

EXPERIENCE

Self Employed - Associate / Consultant Gwalior, INDIA September 2014 – October 2017

Assists in planning work on assigned segments of an audit.

Recommends the means of obtaining, analyzing and evaluating evidentiary data.

Reviews transactions, documents, records, reports and methods for accuracy and effectiveness.

Prepares acceptable working papers that record and summarize data on the assigned audit segment.

Holds preliminary discussions of apparent deficiencies with operating personnel to verify and obtain explanations of and reasons for each apparent deficiency and documents responses.

Reports audit findings and makes recommendations for the correction of unsatisfactory conditions, improvements in operations and reductions in cost.

Assists in the performance of special reviews at the request of management.

Performs other duties as may be assigned.

Chemaf SARL Lubumbashi, DR Congo June, 2011 –August 2014

Head – Internal Audit

Preparation of Internal/Management/Operations Audit Plan

Preparation of Internal Audit Manual

Preparation of Internal/Management/Operations Audit Reports

Planning - Preparation and Conduct of Audit Committee meetings of the Board of Directors

Reporting To The– CFO / Group CFO / CEO / MD / Chairman / Group Chairman / Chairman and Members of the Audit Committee of the Board of Directors

Discussions and Meetings with the Top Management on Audit Reports and ensuring compliance with the Audit recommendations

Guidance, Supervision and Control over Qualified Audit Executives(Numbering Fifteen – 15 )

Conducting Internal Audits in the Organization –

- Head Office – Departments - Corporate Office - Departments

- Regional Offices – locations / Divisions - Locations

- Factories / Manufacturing locations / Plants

- Marketing Offices – Branches / Depots / Area Offices

- Programed Partner Agencies

- Mobile Medicare Units

Special tasks as and when assigned such as – preparation of Policies on Organizational systems/procedures to strengthen internal controls and Internal Checks in the functioning of Offices/Departments/Partner Agencies etc.

Ensuring compliance to the existing Corporate Policies / Rules / Systems and Procedures

Checking and verification of Records of Warehouses / Showrooms / Branches.

Coordination and interaction with Statutory Auditors and Internal Auditors on matters pertaining to Internal Audit/Internal controls /Internal Audit plan.

Interaction with the Directors / Management on matters relating to Internal Audit.

Bharat Oman Refineries Limited Bina, INDIA October 2007 –June 2010

Vice President – Finance

Ensuring compliance of Audit Recommendations / Action Taken Reports / Status Reports / Preparation of Risk Analysis Matrix – Internal Controls & Internal Checks

Discussions and regular meetings with the Department / Function Heads to ensure compliance of Audit Recommendations and follow up of Action Taken by the Depts. – Discussions on Audit Observations with the Depts. / Function / Location / Unit Heads - Action Taken Reports

Set up of Internal Audit Department from scratch to a full-fledged and operational

Department in Helpage India and Dana Group of Companies – Nigeria and also in Chemaf SPRL – DR Congo, Strengthening of Internal Controls and Internal Checks in all the Depts. / Functions / Areas of the organizations

Control over Irregularities / Revenue Leakages in all the Depts. / Functions / Areas of the Organizations

Ensuring 100% Compliance to the Internal Audit Recommendations and Follow Up of the same with the Depts. HODs to Ensure the Continuity of the Same

Covering all the – Depts. / Functions / Areas For Internal Audit

Regular Follow Up with the Depts. / Functions / Area HODs to Ensure that Financial Discipline is maintained across the Organizations for Improving and Increasing the Efficiencies in the Employees in the Day To Day working

Internal Control over Business Risks in all the Depts. / Functions / Areas – Developing a Risk Register for all the Depts. / Functions / Areas of the Organizations

Reducing and Mitigating the Business Risks to which the Organizations are Exposed to by Suggesting and Recommending Remedial Measures to Control and Check the Business Risks

Developing a Culture of Compliance / Efficiency / Financial Discipline / Internal Controls / Internal Checks / Control over Irregularities / Reducing and Removing the Revenue Wastages and Revenue Leakages in the Organizations / Contributing towards Cost Reduction and Cost Control in all the areas of work across the Organizations

Ensuring Value Addition in the Organizations thru Internal Audit Function in the Day To Day work / Activities of the Depts. s/ Functions / Areas of work – In the form of – Internal Audit Reports / Action Taken Reports / Follow Up Reports / Compliance to the Internal Audit Recommendations.

Dana Group of Companies Lagos, NIGERIA May 2005 – May 2006

Group Head – Internal Audit

Bring a systematic, transparent, scalable, and disciplined approach to evaluating and improving, as appropriate, the effectiveness of internal controls, risk management and governance processes.

Lead and coordinate an annual risk assessment to support the development of the annual audit plan. As appropriate, update the risk assessment and audit plan during the year in response to business or industry/market developments. Identify internal, guest auditor, and co-source resources to accomplish the audit plan. Consult with the business partners and the Internal Control & Risk Committee, and obtain approval of the audit plan from the Audit Committee.

Oversee financial, operations, and technology audits. Ensure the issuance of audit reports is done in collaboration with and agreement from process owners on the facts of the audit findings, the risk severity and impact, and timing of remediation. Ensure overall audit quality of Internal Audit activities and that the Internal Audit team complies with the Internal Audit policy and manual and communication standards.

Provide strategic and technical leadership for audit activities and support the Audit Committee in its fulfillment of its oversight responsibilities. Report regularly to the Internal Control & Risk Committee and the Audit Committee on the results of all audit activity.

Provide timely and accurate reporting on control gaps and the status and remediation of audit findings. Influence the strengthening of the control environment, governance processes, and risk management practices through audit recommendations and validation of management’s agreed to actions.

Help Age India New Delhi, INDIA March 2004 – March 2005

Director – Internal Audit

JK Industries Ltd New Delhi, INDIA March 1999–August 2003

Manager / Senior Manager – Internal Audit

Areas of Operation

Complete responsibility for Financial Accounting / Management Accounting - Including Cash Accounting / Bank Accounting / Purchase Accounting / Sales Accounting

(Accounting / Maintenance of Subsidiary Books of Account / Ledgers / Journal / FA Acct / Tax Audit )

Bank Transactions and dealing on day to day basis with Banks

Variance Analysis Statement / Cash Flow and Fund Flow Statement

Projected Balance Sheet / Ratio Analysis

Taxation work

Budgeting – Capital Budget / Revenue Budget

Legal and Insurance work

Excise matters / Sales Tax – Commercial Tax matters

Management Information Systems (MIS) – preparation and generation of reports / statements on Daily / Weekly / Fortnightly / Monthly basis

Responsibility for upkeep and maintenance of Company Guest House / Travel / Hotel arrangements

Responsibility for running / maintenance of Company Vehicles / Security / House Keeping

Responsibility for dispatches of Finished goods and control on Inward material

Dealing on day to day basis with Transporters / Contractors / Suppliers etc.

Responsibility for Scrap Yard – Storage and Sale

Responsibility for day to day administration activities at the plant like guest entertainment/

Upkeep of Pantry / Canteen / Communication services and Finalization of contracts with Transporters / Contractors / Suppliers

Supervision and Control over Administrative Staff (Numbering Five – 5)

COMPANIES AUDITED

The Birla Group - India – Turnover – USD 500 Million

The JK Group - India – Turnover – USD 500Million

The Dana Group – Nigeria – Turnover – USD 300Million

Chemaf SARL – DR Congo – Turnover –USD 300 Million

Bharat Oman Refineries Ltd – India - Project Cost – USD 2.5 Billion

Other Smaller / Medium and Large sized corporates in India

Accomplishments

Bombay University Scholarships

oThe Lotus Foundation Scholarship

oThe Bai Shirin Bai Scholarship

o-The N.Wagle Scholarship

o-The H. Mangal Das Scholarship

Sydenham College Scholarship

o-The R.D TATA Scholarship

oThe Prof. Beri Memorial Scholarship

o-The Golden Jubilee Scholarship

o-The Open Merit Scholarship

o-The Maharaja Takhta Singh Ji Bhavnagar Scholarship

Prizes Won

oThe Golden Jubilee Subject Merit Prize – Economics

oThe Golden Jubilee Subject Merit Prize – Commercial Geography

oThe K. Premchand Subject Merit Prize – Economics

oThe H. N. Kamath Memorial Prize – Economics

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