Rishabh Tandon

• Revamped client SOP through an in-depth analysis post internal audit, leading to the identification and elimination of inefficiencies that resulted in a 20% decrease in process completion time
• Performed internal audit across areas like P2P, hire to retire, Inventory and O2C in accordance with the defined internal audit methodology
• Led and managed the internal audit process for multiple clients, ensuring adherence to audit standards and regulatory requirements.
• Conducted risk assessments and developed audit plans, identifying control weaknesses and recommending corrective actions, which resulted in a 10% improvement in operational efficiency for key clients.
• Conducted due diligence investigations to identify potential liabilities and assist in the acquisition of new businesses
• Managed the testing and evaluation of Internal Financial Controls (IFC), mitigating financial risks and ensuring 100% compliance with regulatory frameworks for defense & manufacturing, and man-power supply companies.
• Identified and reported weaknesses in the company's internal control systems, resulting in a 30% improvement in financial reporting accuracy

Key findings

• Identified weaknesses in the segregation of duties within the finance team, which could have led to misappropriation of funds. Introduced new roles and responsibilities that improved financial oversight, reducing fraud risk by 15%.
• Detected inefficiencies in the billing and invoicing process, which resulted in an estimated 5% revenue leakage annually.

• Researched and analysed regulatory requirements to ensure compliance with applicable laws and regulations
• Conducted tax audits under Income Tax Act, 1961 for various entities, ensuring compliance with tax laws and regulatory requirements.
• Prepared and finalized financial statements as per Indian GAAP for firms and companies.
• Conducted ledger scrutiny, variance analysis, and reconciliations for accurate financial reporting.
• Performed risk-based internal audits for corporate clients across industries, identifying process inefficiencies and recommending improvements.
• Conducted Statutory & Concurrent Audits of public and private sector banks, evaluating financial reporting accuracy and adherence to RBI guidelines.

Key findings

• Identification of incorrect interest calculations, non-application of penal charges, or excess waivers leading to bank losses. And Improper classification of non-performing assets (NPAs) in violation of RBI norms.
• Found a case where revenue were being reported before complying with revenue recognition criteria as per AS-9.