Kumar SIDDAMANAIDU KANDRIGA

· Led and managed internal audits, including the design and implementation of internal controls for textile and manufacturing units

· Supervised and guided audit teams to ensure timely and accurate execution of assignments

· Prepared MIS including purchase planner, STR reports, profitability reports to support strategic decision-making.

· Setting goals and monitored progress.

· Conducted control testing and communicated key findings to management and responsible stakeholder

· Performed Financials Statements Audit in accordance with firm standards for US Real Estate Affordable Housing Project Entities using US GAAP.

· Involved in Preparing the Financial Statements and drafting Audit Report.

Involved in Preparing of audit work papers for attestation engagement.

Internal Audit

• Led a team of 4 members for the Internal Audit of a corporate client and handled the overall audit work including audit planning, work allocation and review meetings with the Senior Manager, Director, and Partner.
• Getting a walkthrough of operating process and assessing the risks and associated controls.
• I have suggested Internal Controls for the regularization of Statutory Returns which in turn has resulted in avoidance of huge penalties and fines.
• Predominantly, I have Experience across multiple industries, including manufacturing, automotive, electronics, education, and cinema.

Taxation

• Prepared GST Annual returns consisting of Individuals, Firms and Companies in Form GSTR-9 & GSTR-9C.
• Advised clients regarding compliances with TDS Provisions like Section 194C, 194J, 194I, 194H, 194A, 192, etc., as well as other provisions of Income Tax and solved problems regarding the same.
• Prepared and Filed Tax Audit Reports and Income tax returns consisting of Individuals, Firms in Form 3CA-3CD & Form 3CB-3CD.
• Resolved GST & TDS related notices by appearing before Tax authorities and assisted in waiving TDS fines & penalties.
• Involved in GST reconciliation for a top listed automobile company

Statutory Audit

• Analyzed draft Financial Statements including notes to accounts and cash flow statements of companies as per AS and Ind AS and scrutinized compliance with PF, ESI, TDS, and GST as well as applicable Accounting Standards.
• Executed statutory audits by conducting control testing, surprise site visits, physical verification of inventory & fixed assets, obtaining external confirmations in respect of debtor balances and many other related activities.