Brands Help India expertise in IFRS 13 (Fair Value Measurement), IFRS 7
Financial Instruments: Disclosures (Qualitative and Quantitative risk
disclosure requirements, IFRS 9 (Financial Instruments in conjunction with
IAS 39 (Financial Instruments: Recognition and Measurement) and specific
IFRS/ IAS standards relevant to reporting work.
v
Internal Audit engagement for leading manufacturers of stored energy
solutions provider. The scope of responsibilities included review and test
of internal controls around ordering, shipping, receiving and invoicing,
inventory, warranty processing and fixed assets of branches across India.
The objectives of the audit included to ensure that branch adheres to
internal control procedures related to retail sales, inventory, warranty
processing procedures and free of cost replacement; Petty cash was properly
administered; Perpetual inventory was accurately reflected in the inventory
records and that stock was accurately reported and safeguarded; Effective
controls were maintained over shipping, invoicing and goods received from
factory / Inter-branch stock transfer. I was also required to compile the
Audit report, have exit meeting with the relevant stake holders and
follow-up for management action plan.
v
Plant Controls Review engagement for leading manufacturers of stored
energy solutions provider. The scope of responsibilities therein included
review and test of internal controls around Petty cash, Scrap Metal
Disposal, Purchasing & Receiving, Shipping, MRO Purchasing & Open
PO’s, 1099 Vendors, HR & Payroll, Physical Security, Fixed Assets and
Physical Inventory. Further scope included agreeing nature, timelines,
budgeted hours and scope of audit with Internal Audit Management; conducting
structured walkthrough of the various control areas; Identifying key
contacts and obtaining personal charts for the audit area; gathering
information using internal audit sources such as business & authority
matrices, business processes, key performance indicators, operating
procedures /manuals /standards etc; Completing all work papers and preparing
over all memorandum of work done & final conclusions in summary of
findings; holding a closing meeting with key company management to review
summary of findings; preparing final report and editing management action
plans; and updating audit findings pages in policy IQ after final audit
report is issued & distributed.
v
SAS 70 Audit for one of the Leading Insurance Company based out of North
America. The scope of responsibilities therein included, testing of manual
and automated controls after having clear understanding & taking
walkthrough of already stipulated control narratives and Risk control
matrices. The engagement involved operating effectiveness assessment,
rationalization of risks & controls and remediation/ reporting of
control deficiencies.
v
Revenue Recognition project for a Multinational Telecommunication giant.
The project was undertaken in lieu of the year end statutory audit and to
test the accuracy of client’s in house revenue recognition software with
compliance under EITF08-01, EITF 00-21 and SOP 97-2. The engagement included
processing and testing orders and contracts of the company for different
geographical locations in order to check the accuracy of the revenue
recognition software and the multi element tagging procedure in it.
v
ERP implementation and Debtor Aging Analysis engagement for one of the
leading Conglomerate’s corporate office in India. The scope of
responsibilities included analyzing various financial aspects with respect
to ERP implementation to ensure accuracy in the books of accounts. Further
it was ensured that the reports generated from ERP were in the desired
format for Management review in the areas of general control and financial
budgeting. Team was also involved in advisory for Debtor Aging which
involved reporting debtors whose payments were due outstanding over a period
of time and debtors who had exceeded their payment and return limits.
v
MIS/Transaction reporting engagement for a leading Global Steel
Manufacturing Giant. The engagement involved tracing transactions from the
time they were initiated till payment. The scope of responsibilities
included verification of the underlying documents and reporting the same in
Client’s home currency to holding company senior leadership team.
v
Fixed Assets verification, tagging and reporting engagement for one of the
Leading Conglomerate’s corporate office. The scope of responsibilities
included verification of fixed assets independent of corporate office staff
and tagging the same for reconciliation with Fixed Asset count accounted in
the company’s Balance Sheet.
v
SOX 404 compliance engagement for an Automotive Parts Manufacturing
Company on a dual shore delivery model. The engagement involved
rationalization of the risk control matrices, end to end process
documentation, mapping key financial controls, assessment of design
effectiveness and operating effectiveness of control. As part of the project
management office, The scope of responsibilities included driving regional
updates from globally spread project teams to understand the current work
progress, status of control testing, test failures and remediation efforts
were shared with companies' management team.
v
Work transitioning for various USA, UK, IRISH and Singapore based clients
and setting up accounting teams in India creating Offshore/ Back-office and
Middle office setup for specialized and catch up bookkeeping.