Umayal Muthuraman

Following Learnings relate to statutory audit of Private Limited entity engaged in Power generation & distribution business. Key take-aways during Jun-Sep 23 were:

1. Performed process walk of all SCOTs to understand controls put in place to mitigate potential risks & tested such controls on sample basis to confirm operating effectiveness thereof.

2. Performed analysis of Journal entries passed & understood nature & purpose of specific risky prone transactions like transaction with related parties, Cash transactions, Entries with odd numbers, entries passed on public holidays and weekends

3. Understood the nature and performed reconciliation of major vendors considering expense incurred after adjusting remittances

4. Recalculated statutory dues like TDS & GST, verified timely remittances thereof, reconciled liability & input credit with monthly & quarterly returns and inward outward supplies and calculated penalties for statutory non compliances

5. Performed Overall analytical review to confirm the variances observed were in lines with expectations & trends in the Power industry

Following learnings relate to Audit of Leading listed Steel manufacturing entity during the period Aug-May 23:

• Executed Audit of significant SCOTs of Units engaged in extraction & supply of Iron ore including Revenue, Fixed assets & major expense like Bid premium for extraction & supply of Iron ore incidental the business
• Performed Process walkthrough, Risk evaluation, Control testing, reporting deficiencies & recommended implementation of review mechanism to weed out revenue leakage & fraud eventualities
• Well versed in working on integral audit software necessary for Account balance sampling & Transaction sampling, ledger scrutiny & documentation of work-paper.

As an Audit assistant, i have executed Statutory Audit, Internal Audit , Concurrent audits, Internal Financial control testing/ SOX Audit, Tax audits, stock audits of entities engaged in various sectors like Entertainment, Hospitality, Manufacturing, Service & Trading sectors. Key take-aways from specific assignments were:

1.Have performed Internal control testing for Non Banking Financial company & learnt Process walks, Preparation of risk control matrix, Control testing & recommendation .

2.Have performed Statutory audit and learnt materiality calculation audit of revenue, expense variance analysis, overall analytical review & physical verification of critical assets like Cash & Fixed assets.

3.Have performed internal audit of Procurement to pay & Human resource management process Government aided defense equipment manufacturing company.

Skills: IFC · Risk Management · Sarbanes-Oxley Act · Internal Controls · Internal Audits · Statutory Audits · Tax Audits