Srikanth Polavarapu

Role as an Internal Audit Officer at the PSU, Cotton Corporation of India involves evaluating both operational and financial aspects of the organization, identifying areas for improvement, ensuring compliance with regulations and policies, and contributing to the overall efficiency and effectiveness of the corporation's operations.

• Audit of Press to delivery weights of cotton bales after processing
• Audit of purchase parameters of cotton like staple length etc
• Audit of various compliance and financial aspects
• Process Evaluation: Reviewing efficiency and effectiveness of operational processes within corporation
• Compliance Checks: Ensuring that corporation adheres to regulatory requirements, internal policies, and industry standards.
• Risk Assessment: Identifying operational risks that could impact corporation's objectives and providing recommendations to mitigate these risks.
• Financial Statement Analysis: Reviewing financial statements, including balance sheets, income statements, and cash flow statements, to ensure accuracy and compliance with accounting standards.
• Expense Verification: Examining expenses incurred by corporation to verify their authenticity, accuracy, and compliance with budgetary allocations.

Credit Appraisal and Loan Management

• Experience of working as counter officer in bank handling day to day banking like deposits, cheque books, ATMs etc
• And also in credit section credit appraisal, review and forwarding for sanctions and managing loan portfolios to minimize risk and maximize profitability for bank.

Audit and Inspection

• Support in Valuation of properties where required for loans
• Implemented and monitored internal control systems to mitigate financial risks, ensuring adherence to regulatory requirements and compliance with banking laws and policies.

• Role as partner in CA firm involved comprehensive range of responsibilities, from managing audits and providing accounting services to offering expert taxation advice and building strong client relationships.
• Experience in handling various types of audits, including statutory audits, internal audits, tax audits, and compliance audits. I have conducted thorough financial reviews for clients across diverse industries, ensuring adherence to regulatory standards and enhancing operational efficiency.

Audit Management:

• Led and managed diverse portfolio of audit engagements for clients across various industries, ensuring compliance with statutory requirements and accounting standards.

Accounting Services:

• Oversaw preparation and maintenance of accurate financial statements, ensuring adherence to AS and regulatory guidelines.
• Provided expert guidance on complex accounting issues, assisting clients with financial planning, budgeting, and financial analysis.

Client Relationship Management:

• Built and maintained strong client relationships by delivering personalized, high-quality services and acting as trusted advisor on financial and business matters.