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- Obtaining a detailed and comprehensive understanding of the operating environment and existing processes to analyze the inherent risk.
- Testing the controls in place to evaluate their robustness.
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- Identify gaps in control design and/or operating effectiveness.
- Zeroing in on the improvement opportunities.
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- Providing our insights on the findings and discussing the same with the management.
- Developing a robust practical control system in consultation with the management.
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- Submitting our written reports outlining procedures performed and a draft of the Standard Operating Procedure (SOP).
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- Implementation of SOP through flow charting & benchmarking.
- Provide periodic progress updates and assessments.
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Select Professional Experience in Internal Audit |
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- Currently engaged by the company to conduct internal audit of all sales depots in the entire North India region since.
- Audit covers over 50 sales depots in Punjab, Haryana, Rajasthan, Delhi, UP etc. with a combined turnover of !1,500 crores and stock value of ~100 crores in FY 2012-13 and also a manufacturing unit located in Haryana.
- Engagement scope includes risk assessment and management of critical areas namely - sales, inventory and warranty claims.
- We have assisted in enhancing the company's value chain and provided inputs for increasing efficiency in its operations .
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- Audit of the tiles and bathroom division - H&R Johnson (India) covers over 5 sales depots and 5 branch offices located in North India.
- Engagement scope includes risk assessment and management of sales and inventory.
- We have assisted the company in streamlining the operations of each unit and the third party service providers to comply with the group policies and standards set by the management.
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Select Professional Experience in Internal Audit |
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- Asian Oilfield Services Limited (AOSL) is engaged in providing geophysical, drilling and well services to customers across the Indian sub-continent. AOSL has evolved over the past 20 years via progressive organic growth and is currently driven by a dynamic management team, focused on quality and performance.
- We have assisted the management in undertaking a comprehensive review of its operations, policies and procedures to ensure that the managements goals and objectives to improve economy and efficiency in operations are met.
- For achieving the same we gained an in-depth knowledge of the industry to grasp the "big picture" and understand diverse operations and made recommendations.
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- Currently engaged by the company to conduct the internal audit of its manufacturing Units and its Corporate Office since 2002-03, covering 3 manufacturing Units, 3 Co-gen Units and a distillery Unit located in Western UP and its Corporate Office (combined turnover of INR 1350 crores).
- Engagement scope includes risk assessment and management of critical areas namely – cane, sales, inventory, procurement etc.
- We have also assisted in assessment of controls over fixed assets and provided inputs for increasing efficiency in operations.
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Select Professional Experience in Internal Audit |
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- Currently engaged by the company to conduct the internal audit of operations of the Company since October, 2011 (Company turnover during 2012-13 INR 22 crores).
- Engagement scope includes risk assessment and management of critical areas namely – procurement, inventory, sales.
- We have assisted in enhancing the company's value chain and provided inputs for increasing efficiency in its operations .
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- Currently engaged by the company to conduct the internal audit of all CNG stations and Operations of the Company since 2011-12.
- Audit covers sales through 14 CNG stations, domestic, industrial and commercial customers in UP with a combined turnover of Rs. 168 crores in FY 2012-13.
- Engagement scope includes risk assessment and management of critical areas namely – sales, inventory, procurement, projects and operations & maintenance.
- We have assisted the Company in inventory management, asset management and provided inputs for increasing efficiency in its operations.
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