Sandeep Kumar

 Supported the Head of Internal Audit in the implementation of the Business Audit Methodology and the implementation of key department development initiatives.
 Designed and implemented internal audit program and audit checklist on various processes in accordance with IIA Standards and developed audit schedule for team members.
 Working with auditors to enhance the business and the quality of audits, while contributing to the development of audit team members.
 Co-ordinated with Senior Management to evaluate and implement effective internal control procedures for key business activities; redefine and improve the compliance process.
 Verify / Analyze financial statements ensuring strict compliance to IFRS & IAS standards and Guidelines.
 Oversee Budgeting and Forecasting, identify the areas of concerns as well as monitor the actual performances and variance analysis.

• Involved in the development of Audit Universe and Risk Assessment methodology for key business activities.
• Developed, implemented and managed in-house audit programs to execute the Internal Audit activities across the group, which includes Financial, Operational, IT and HR functions.
• Performed the internal audit as per the schedule and prepared detailed report highlighting risk management issues and internal controls deficiencies identified with audit recommendations.
• Reported the results of audit findings to Audit Committee & Board.
• Attended meetings with various departments to develop an understanding of business processes; identifying control gaps and weaknesses, researching and assessing how well risk management processes are working.
• Managed the timely follow-up on the implementation of agreed recommendations.
• Involved in the process of Enterprise Risk Management activities.
• Conducted investigations on suspected improprieties in a confidential and professional manner.
• Involved in the development of standard operating procedures for key business activities.
• Reviewed complex financial statements in accordance with IFRS and statutory accounting principles.
• Engaged in on-going cost reduction analyses in all areas of the company.

Al Mulla Group has diversified business activities which include Hospitality, Healthcare, Real Estate, Jewellery, Travel & Tourism etc.
Group Hotels: Ritz Carlton Dubai, Sheraton Dubai Creek & Towers Dubai, Crowne Plaza Dubai- Deira, Ramada Hotel Dubai, Ramada Jumeirah Hotel and Holiday Inn Express Hotels.

Key Responsibilities:

• Implemented the audit programs, questionnaires and audit report templates.
• Planned and performed the group audit functions to determine the adequacy of the company's system of internal control.
• Documented work performed in organized work papers meeting the Audit standards.
• Prepared reports on results of audits and made recommendations for control and operational improvements to management.
• Evaluated the system of internal controls and assessed deficiencies.
• Directly managed a high-performance team of 3 auditors.
• Performed special assignments as directed by audit senior management.
• Worked with external auditors and provided coordination for the annual financial statement audit.
• Ensure the proper disclosure requirements and completeness of the Financial Statement and various MIS reports circulating the Board of Directors.
• Actively involved in the planning process to identify various investment opportunities.
• Management Contracts preparation and its finalization. Fully conversant with hotel management agreements of the Group hotels.
• Involved in the Budget review process, budget discussions and analysis of working capital management.
• Involved in the Insurance Coverage review, renewal bidding process etc. in co-ordination with Insurance consultant.
• Practical exposure in International Financial Reporting Standards.

• Successfully performed the internal Audit of various clients in Manufacturing, Trading and Banking industries.
• Prepared financial and various MIS reports on behalf of various clients. Preparation of Cash Flow Statements, Reconciliation of Bank Statements Accounts Receivable and Accounts Payable and other MIS reports.
• Forecast cash flow positions, related borrowing needs, and available funds for investment.
• Manage the preparation of the company's budget. Report to management on variances from the established budget, and the reasons for those variances.
• Prepared and recorded asset, liability, revenue, and expenses entries by compiling and analyzing account information.
• Exposure in passing the closing entries and preparation of Profit and Loss Account, Balance Sheet and Cash Flow Statements.
• Reconciliation of Bank Accounts, Accounts Receivable and Accounts Payable.
• Internal Audit of Hindustan Aeronautics Ltd( Turnover $160 million), Bharat Earth Movers Ltd. ( Turnover $120 million), Bharat Sanchar Nigam Limited, Karnataka State Financial Corporation, Hindustan Machine Tools Ltd, Indian tourism Development Corporation etc.
• External Audit of various organizations including Banking Sector.