Shivali Rai

• Handled multiple audit engagements across Wipro. Primary responsible for preparing and executing Audit test plan, defining audit scope, Prepare detailed audit workbook, defined Analytics markers across all scope area, detailed work steps for each audit area, prepare individual's (self) and team members detailed work/task list with timeline estimate for each area across audits, Identification of actual root cause(s) for findings
• Finalising the controls to be covered in TOD walkthroughs and TOE
• Regularly discussion with stakeholders and discuss the observation and challenges with the team
• Reviewing workpapers and addressing the issues prior to submitting the draft report to higher level management
• Identifying opportunities for cost-savings, revenue enhancement, process improvements, process identification and system/control gaps
• Handled team as a manager and senior, Review & guide team members on Audit approach & procedures
• Conducted fraud risk assessment and investigation and special projects for fraud suspicion in accordance with requirements of management
• Planning, understanding and mapping the 'as in' process, identifying controls and risk (Risk control matrix) and performing sample testing
• Preparation of Ex - Summary report on emerging findings for higher level management.
• Handled operation, revenue, IT, P2P, special Audit Assignments and other limited reviews as per the Audit plan.
• Leading a team to conduct Audit, discussion on findings with respective leaders, Detailed report preparationwith audit conclusions and recommendations. Execute & maintain consistent Say-do ratio

• Reporting to management on the existence and effectiveness of the system of internal controls.
• Planning and performing complex financial, operational, and compliance audits with the objective of assessing compliance with operating policies and procedures.
• Establishing audit objectives, designing and implementing audit methodologies, processes and audit report criteria.
• Identifying and developing opportunities for cost-savings, revenue enhancement, process improvements, process identification and system/control gaps.
• Steering efforts in conducting investigation and special projects for fraud suspicion in accordance with requirements of senior management and audit committee.
• Assessing the risk and applying results to the prioritization of audit projects and objectives; developing audit programs that test the level of risk which could be addressed by redefining controls within the assigned business area.
• Preparation of synopsis of various matters for higher level management such as Management Audit Committee (MAC) and Audit Committee.
• Rendering assistance in formulation of annual audit plans and getting it approved from the Audit Committee.
• Working with a team to prepare oral presentations and written reports that support the results of audit examinations, audit conclusions and audit recommendations.

• Day to day financial accounting and Service tax compliances.
• Review & scrutinize financial transactions.
• Provide advice on taxation issues.

Exposure in Taxation, Accounts & Audit:

• Preparation of final accounts in accordance with relevant financial regulatory framework and laws.
• Final Accounts preparation of concerns/clients that are not required to maintain books of accounts under any law.
• Review & scrutinize cash book & ledger and Managing accounting, advising on individual staff taxation issues and ensure timely deductions of tax in line with statutory requirements.
• Individually handled statutory audit, Concurrent audit, Information System Audit & revenue audit of various Nationalized & Cooperative Banks.
• Scrutinized ledgers, general vouchers and financial statements, reconciliation of Bank statements as per books of accounts.
• Assisted Company Secretary in Incorporation of Companies including assistance in preparation of its MOA & AOA.
• Experience in Direct tax & Indirect taxes which includes computation, filing of tax returns & tax audits.

Clients Ha ndled Dur ing Ar tic leship Tenur e:

• Credit Processing Agency of HDFC Bank for 6 cities.
• State Government Project Audit and Consolidation of accounts - M. P. Rural Livelihoods Project, Audit of Project Facilitation Team and Gram Kosh.
• Co-operative Societies - Audit and Utilization Certificate Verification - Gram Panchayat, Agricultural Co-operative Societies, Raisen Area and Gujrati Samaj.
• Concurrent and Revenue Audit of various Nationalize Bank.