ANVESH YAKKALA

SOX and Internal Financial Controls (IFC) Testing:

• Worked on IFC testing for the areas like Entity level controls (ELCs), Process level controls (PLCs) such as Fixed Assets, Procure to Pay, Order to Cash, HR, Treasury and Statutory compliances (TOD and TOE)
• Collaborated with cross functional teams to ensure implementation of testing and provide feedback on improvements
• Assisted in identifying internal financial controls, ensuring the generation of accurate and complete financial reports, which enhanced the reliability of financial data
• Conducted walkthroughs to test control design and operating effectiveness, contributing to improved internal control measures and preparation of flowcharts using MS Visio
• Created detailed work products, including audit analysis, correspondence, memoranda, and other working papers, documenting procedures performed and presenting findings effectively
• Evaluated internal control measures and procedures, reporting on areas of noncompliance, which led to the implementation of corrective actions
• Maintained consistency in documentation and reporting, ensuring clarity and professionalism in all communications

Process Improvement and Internal Audit:

• Worked with senior management and various process owners of a Listed CPaas company with annual turnover of INR 40,000 Mn in identifying the gaps in the existing processes and in implementing the Standard Operating Procedures for Finance, Accounts and Treasury processes
• Also worked in preparation of flowcharts using MS Visio for documenting the as-is and to-be processes of various functions, viz
• Accounts payable, accounts receivable and other finance and accounting related activities
• Worked in Process review of Procure to Payment, Payroll, Statutory Payments, Receivables, Expense Reimbursement and PO & Non-PO Procurement for a listed CPaas company in India
• Role included performing process walkthroughs, performing analyses of critical data, preparation of reports and assisting in Top management discussions
• Recommended automation solutions to enhance internal controls and streamline processes and also actively participated in PO creation process using the Aerchain Tool
• This platform involves crucial steps including Vendor registration, document submission, Vendor Onboarding, Purchase order creation, invoice uploading and subsequently raising GRN for the corresponding transactions
• Engaged with entity's CXO's to deliver presentations outlining various weaknesses/deviations within the company
• Performed Inventory audit for a Listed Manufacturing company with a Annual turnover of 20,000 Mn by verifying Inventory Policies, reviewing Material requisition plan process, performing Physical verification of inventory, inventory and WIP ageing and inspecting Plant to plant transfers, Returnable and Non returnable gate passes and procedure relating to inventory write-off & revaluation

External and Internal Audit:

• Executed Statutory audits including Site Visit, Analysis of FS of Listed entities engaged in various sectors like Airports, Manufacturing, Video production services, Hospitality, Shipping & Logistics industries etc.., with turnover ranging over 10,000 Mn
• Led a 5 member team for statutory audits and handled over audit work, compliances including Audit planning and Work allocations
• Performance of Substantive and Analytical procedures, controls testing and Physical verification of Inventory as a part of statutory Audit
• Been a part of Internal audit assignment for sugar manufacturing and newspaper publication companies
• Reviewing internal dealer agreements for accuracy to stay in compliance for quality assurance, testing of controls by reviewing process flows, conducting input-output analysis, inquiries and walkthrough tests etc and also ensuring compliances with applicable laws
• Identification and reporting audit findings, suggesting corrective measures, following up on the same