Manager - Internal Audit
Larsen & Toubro Limited
مجموع سنوات الخبرة :13 years, 11 أشهر
Developed yearly audit plan as per Audit Charter. Executed audit assignments; led the audit team and coordinated with operational and audit management for control deficiencies identified during the audit. Reviewed workpapers and prepared audit reports to communicate audit results. Reviewed corrective action plan for audit observations. Involved in department management, allocating staffing resources, and reviewing efficiency of the department personnel.
Responsible for Internal Audit of L&T Projects, Subsidiaries & Associates, Manufacturing Units, Accounting Centers and Other Service functions\]
- Planning and execution of Internal Audit assignments
- Leading the audit team and co-ordination with Operational Management
- Review and control testing of existing internal control system
- Providing assurance on the compliance to contractual terms and applicable statues
- Identifying the areas of improvement and cash recovery from customers
- Fraud Investigations and other special assignment as directed by Management
- Reviewing Workpapers, drafting audit reports, coordinating with Senior Management for feedback.
- Follow-up on the Audit Observations and review the Corrective Action
- Ensuring compliance to ISO quality standards
• Planning and conducting Internal Audits
• Identifying areas of potential efficiency improvements.
• Involved in financial reporting, risk management, compliance & integration.
• Identify any gaps in controls and make practical recommendations.
• Compiling reports of audit results to Audit Management.
• Draft audit reports for review by Senior Management in the Organisation.
• Corrective Action and Follow-up review for Audit Comments
• Ensuring compliance with Institute of Internal Auditors (IIA) Standards
• Audited Purchasing, Human Resources, Manufacturing Operations, Payroll, Accounting, Bankruptcy Accounting and Marketing & Sales functions
• Travelled extensively across Asia-Pacific & Africa, Europe and North America
Responsible for carrying out month-end accounting process, review of settlement and follow-up for intercompany account payables and approval of intercompany payables account reconciliations.
• Managed and supervised intercompany payables accounting team comprising four members, including one team member operating remotely.
• Task force member for introducing account reconciliations through T-Recs in ICA.
• Review and approval of journal entries as part of month-end accounting process.
• Prepared variance analysis with comments for quarterly Balance Sheet review.
• Reviewed and approved about 1, 100 Intercompany payables Account Reconciliations of Australia, Japan, South Africa, Germany, Genk, Brazil, and Argentina.
• Working knowledge in Intercompany Settlement Systems (ICS and MICS).
• Reviewed settlement processing for Germany, Brazil and Argentina.
• Ensured compliance to Finance Manuals and local GAAP.
• Successfully carried out Business Continuity Plan testing for critical activities.
• Statutory Audit of CISCO Systems India (P) Ltd
• Branch Audit of CISCO Systems India B.V
• Compliance with Accounting and Auditing Standards issued by ICAI.
• Compliance with requirement of Schedule VI of the Companies Act, 1956.
• Drafting Audit Reports as per the Companies Auditor’s Report Order, 2003 (CARO)
• Preparation of Tax Audit Report
Chartered Accountancy
Bachelor of Commerce
