Lakshmi K B

• Hands-on experience in process mapping, control evaluation, and internal audit procedures across multiple industries.
• Experience in Internal Financial Controls (IFC) testing, including control design assessment and operating effectiveness testing.
• Preparation of Risk Control Matrices (RCM) and documentation of audit workpapers.
• Executed internal audit and Internal Financial Controls (IFC) engagements for clients across manufacturing, automobile, and service industries.
• Performed risk assessment of key business processes to identify high-risk areas and prioritize audit procedures.
• Prepared Risk Control Matrices (RCM) by identifying key risks and mapping them with relevant control activities across business cycles.
• Conducted process walkthroughs with process owners to understand process flows, validate control implementation, and document control activities.
• Evaluated design adequacy and operating effectiveness of internal controls as part of internal audit and IFC testing.
• Performed process mapping and control evaluation for key cycles including Procure-to-Pay (P2P), Record-to-Report (R2R), HR & Payroll, Inventory.

• Conducted statutory, tax, and internal audit engagements for corporate and SME clients, ensuring compliance with applicable regulatory and accounting standards.

• Managed vendor payments, payroll processing, invoice verification, and preparation of MIS reports, ensuring accuracy and timely financial reporting.

• Presented audit observations and recommendations to management, highlighting control gaps and suggesting corrective actions to strengthen the internal control framework.

• Assisted in vouching, ledger scrutiny, bank reconciliation review, and verification of supporting documents during audit procedures.
• Hands-on experience in statutory audits, tax audits, and regulatory compliance reviews.

• Assisted in audit planning, fieldwork, verification of financial transactions, and documentation of audit procedures.

• Supported preparation of audit reports and presentations for senior management, summarizing key audit observations and compliance findings.