Femil محمد

His experience in KPMG India covers, but not limited to the following:

• Led internal audit of a leading automotive company headquartered in Brussels, involved in manufacture of advanced braking systems and other related air assisted products. The engagement involved review of purchase to pay, inventory management, warranty process and logistics.
• Led the team involved in internal audit of a leading provider of Technology Services in the Mobile Computing Industry in the Middle East. As part of the engagement, traveled to Kingdom of Saudi Arabia for the conduct of audit. The engagement involved review of purchase to pay, revenue and receivables, warranty process, HR & payroll and statutory compliance.
• Led internal audit of a leading logistics service provider. The assignment involved review of freight forwarding operations, revenue and receivables, procurement to pay, human resource & payroll, fixed assets and finance & accounts.
• Key member of team involved in business process review of a leading company headquartered in Japan, involved in manufacturing of home appliances. The engagement involved review of production monitoring and procurement to pay.
• Worked along with the Global Audit team of a leading cloth manufacturing company. The engagement involved SOX testing and review of inventory management process.
• Led the team engaged in review of cash flow statements of a company involved in providing offshore drilling services to major oil companies
• Led the team engaged in developing standard operating procedure (SOP) for a leading shrimp feed manufacturing company covering areas revenue & receivables, marketing, procurement to pay, inventory management, production monitoring, finance and accounts, fixed asset, shrimp processing and human resource & payroll. The engagement also involved business process review (BPR) for each of the above scope areas.
• Led the team engaged in developing Risk Control Matrix as part Internal Financial Control (IFC) engagement in a leading shrimp feed manufacturing and processing company covering areas revenue & receivables, marketing, procurement to pay, inventory management, production monitoring, finance and accounts, fixed asset, and human resource & payroll.
• Led the team engaged in development of Risk Control Matrix and testing the Operating Effectiveness ( ToE) of the same for a leading company involved in hospitality and leisure business covering areas of procurement to pay, revenue & receivables, fixed asset, treasury, financial reporting, HR & Payroll and statutory compliance.
• Led the team engaged in testing the operating effectiveness of Internal Financial Controls of a leading IT company covering areas Hedging, ESOP, Intercompany, HR & Payroll & Indirect Tax
• Outsourced to one of the leading mobile phone distribution company as the acting Finance Manager for a period of one year. I led a team of 6 staffs and directly reported to CEO. Key roles & responsibilities included the following :-
Preparation of annual budget in coordination with all departments
Monthly variance analysis between actuals & budget and analyzing the reasons for deviations
Financial statements review, analysis and reporting
Responsible for overall internal control system within the company to ensure less chances of frauds/errors
Actively involved in the implementation of ERP software SAP (S/4 HANA version)
Migration and cut over activities from existing accounting software Tally to SAP platform
Defined the processes and procedures in alignment to SAP environment
Book keeping as per relevant accounting standards
Compliance to income tax & other statutory regulations including Goods and Service Tax
Interacting with statutory auditors and internal auditors on a requirement basis etc.
Approving purchase orders raised by various departments
Certifying all expenses & vendor payment
Review of fixed asset register on a periodic basis to ensure accuracy and completeness

His experience in Varma & Varma Chartered Accountants India covers, but not limited to the following:

•Led various teams and supported seniors in many internal audit assignments across manufacturing, construction, IT, hospital industries and other service industries.
•Analysis and critical review of client’s internal control system to identify lacunas and areas of potential efficiency improvement
•Drafting internal audit reports and discussions with the top level management on the findings of internal audit conducted and arriving at consensually feasible recommendations.
•Led various teams and supported seniors in many external audit assignments in various manufacturing industries
•Performing various audit procedures to verify that the Financial Statements prepared by the client are as per the Indian GAAP.
•Verification and review of various statutory compliance like Sales Tax, Service Tax, Excise Duty, Pension fund, Provident fund etc and ensuring the compliance of tax computation as per the Provisions of Income Tax Act, 1961.
•Preparation of financial statement as per Revised Schedule VI of Companies Act 1956.
•Drafting management recommendation letter and discussion of the same with the audit partner in charge and finally with the client.