Dhrumil Parkara

• As an engagement lead, I handle portfolio of diversified clients in Hospital and Pharmacy industry with average market capitalization in aggregate up-to INR 10,000 crore
• Preparation of audit plan and deployment of audit team and reporting to senior team along-with execution of independent audits
• Handling multiple audit assignments, reviewing work papers of audit team, finalization and closure of audit report
• Identified critical cost savings and revenue leakage observations in Sales review, plant reviews, HR & Payroll, Procure to Pay which were appreciated by the client
• During a government review for a particular client, have successfully identified a fraud and over booking of revenue for approximately of INR 2 crores
• Proactively collecting closure status of past audit observations and verification of closure and implementation schedule of audit observations highlighted along-with documentation thereof.
• Preparation of various audit reports/flash reports for management and Audit Committee deck for senior management
• Presenting and discussing audit observations along-with management action plan to CFO and other senior management

Assignments - Procure to Pay (P2P), Order to Cash (O2C), Marketing expense, Hire to Retire (HTR) Operating expense, Operations, Plant review, Logistics review, Doctors' revenue sharing, Accounts Reconciliation (Receivables and Payables), Special Audit assignment

• Providing complex internal audit for assigned clients in consumer and retail industry sector for reviewing operational risks and help with the establishment of effective mitigating controls and process documentation
• Maintain a thorough understanding of business process, auditing standards, and related risk and control frameworks
• Review and testing of company’s internal controls based on designed RACM and documentation thereof
• Preparation of Audit committee deck and implementation status for audit completed and on-going and handling a meeting Pre-audit committee meeting with team, IA Head and CFO

Assignments - Order to Cash (O2C). Finance and Accounts, Alternate Channel Sales, Power Distribution

• Independently executed audits while ensuring audit conclusions are based on a complete understanding of the process, circumstances, and risk for companies in consumer and retail sector listed on NSE/BSE having market capitalization above INR 12,000/- crore
• Streamlined processes by providing insights through data analytics and review of standard operating procedures
• Conducted follow up of action plan to ensure adequacy and timeliness of remedial action
• Performed SOX testing and audit of accounts reconciliation for a client listed on NASDAQ having market capitalization above 30 billion US dollar
• Physical verification of clients working in FMCG sector and monitoring of compliance and guidelines issued by government during pandemic – COVID and reporting of non-compliance thereof to upper management

Assignments - Order to Cash (O2C), Procure to Pay (P2P), Data Analytics using Advanced Excel, Accounts Reconciliation process

• As an article, I have been responsible for vouching and verification of major purchase, sales and expenses for the company and to provide annual report thereof
• Preparation of various Income Tax returns (such as ITRs) and Income Tax forms (such as Form 15CB).
• Interpretation of international treaties amongst different countries and calculation of Arm’s length price for transfer pricing and reporting to regulatory authorities. (Form 3CEB).
• Preparation of internal audit report and flash report for listed clients for Board meetings and Audit Committee
• Verification on behalf of banks on account of stock and certifying computation of stock for sanctioning of loans/credit facilities
• Filing of return for and on behalf of client for External commercial borrowings for multiple projects