Velugoti - Internal Auditor - Doha, Qatar

Narendra Reddy Velugoti

Doha, Qatar

Summary

Qualified CA, CISA, CMA and M.Com with 7 years of professional experience in Finance, Internal and IT System Audits with reputed companies and, where past work experience include working in Big 4 audit firm.

Services

Internal Auditor

Work History

Internal Auditor - Internal Auditing Department

Hamad Medical Corporation

From January 2013

since January 2013
Hamad Medical Corporation (HMC) established by the State of Qatar is the premier not-for-profit healthcare provider in Qatar. HMC manages eight hospitals and operates the national ambulance service and a home healthcare service.

Internal Auditor - Internal Auditing Department
• Part of audit risk assessment team to identity areas that are key and threat in achieving the organization objectives.
• Responsible for determining internal audit scope and developing annual plans by performing Risk Assessment.
• Audited key areas in the organization such as Revenue Receivables, Purchase Payables, Inventory and Fixed Assets Processes.
• As part of business process audits preparing detailed flow charts with work flow descriptions of the activities of the business processes or functions audited. Performing control testing for manual and automated controls for design and operating effectiveness. Performing gap analysis, identifying design weakness, test operating effectiveness, communication of findings and recommendations with management.
• Responsible for identification of compensating or mitigating controls and recommending remedial actions including cost saving measures.
• Preparing presentation to audit committee on the deficiencies identified in the internal audit reports every bi-monthly.
• Maintaining open communication with the management and audit committee for further follow-up of the implementation status of the recommendations made.
• Performing investigation on issues reported by the whistle blowers and reporting the same to the top management with appropriate recommendations.
• Providing recommendations to the end user departments in preparation of effective policies and procedures.
• In addition to the audit responsibilities leading a team of five which oversees independent checking of warehouses, pharmacies, petty cash and cash counters, and does the annual planning for effective performance of the tasks.

Contributions:
o Prepared...

Team Lead - Finance Advisory and SOx Compliance Department

INFOSYS BPO LTD

December 2011 - December 2012

December 2011 to December 2012
One of the largest BPO in India and the subsidiary of Infosys (NYSE: INFY). The company is an end-to-end outsourcing services provider, it applies business excellence frameworks to significantly reduce costs, enhance effectiveness, and optimize business processes.

Team Lead - Finance Advisory and SOx Compliance Department
• Responsible for understanding client business and financials to scope in reporting entities and controls for the purpose of audit.
• Worked with corporate internal control team in framing the audit strategy for performing Financial Reporting Audits, Sox and ITGC Audits.
• Performed Financial Reporting Audits, Sox and ITGC audits for the various reporting entities in the overseas.
• Performed onsite audits in South America and Europe. Performed Financial Reporting Audit onsite for abroad client which includes audit of various key account heads like Fixed Assets, Inventories, Trade Receivables, Trade Payable, Provisions, (contingent) liabilities / financial exposures Accruals, Sales, Materials and goods consumption, Other Costs of Organization (OCOO) and extra ordinary results, Hedging, Taxes -general and Deferred taxes, Salaries, Pensions, Cash and liquid assets and Off balance sheet financing.
• Provided client services for designing, implementing, and maintaining systems of internal controls and assessing their effectiveness based on COSO framework.
• Performed Application control testing for Account payables, Revenue and receivables, Inventory and Fixed assets processes which includes performing walkthrough of controls and testing the same for design deficiency and operating effectiveness.
• Responsibilities include identification of key risks, controls, performing gap analysis; identify design weakness, testing operating effectiveness, communication of findings and recommendations with the top management and liaison with external auditors. Documenting the results of audit performed which includes rating the...

Associate - Risk and Advisory Department

PwC

April 2010 - November 2011

is a multinational professional services firm. PwC provides services in Assurance Practice, Tax Practice and Advisory Practice and is one of the Big Four auditors.

Associate - Risk and Advisory Department
• Responsible for identification of key risks, controls, performing gap analysis, identify design weakness, test operating effectiveness, communication of findings and recommendations with management, identification of compensating / mitigating controls, recommending remedial action plans and liaison with external auditors.
• Performed SOx Audit and evaluation of key IT processes of a leading Global IT company and conducting information systems audit covering IT General Controls & Application Controls.
• Provided client services for designing, implementing, and maintaining systems of internal controls and assessing their effectiveness based on COSO framework.
• Performed application control testing for Account payables, Revenue and receivables, Payroll, Inventory and Fixed assets processes. Documenting the audit performed as per the methodology.
• Worked on audit projects for Technology, Manufacturing and Trading and performed SAS70 Audits for a leading BPOs.
• Managing complete audit planning and ensuring completion of audits within time frame.
• Analyzing financial statements; identifying risks relating to financial reporting & performing relevant audit procedures.
• Designing & implementing systems, policies & procedures to facilitate internal financial controls.
• Liaising with client management and audit team members.
• Establishing healthy business relations with clients & external associates for securing repeat business & long term customer loyalty and worked towards solving their queries and complaints efficiently.

M/S.D.SATYANARAYAN, M.VENUGOPAL & CO

March 2008 - March 2010

Audit Assistant

GNANOBA & BHAT

February 2007 - February 2008

• Worked on assignments including Statutory Audits, Internal Audits, Tax Audits and Stock Audits for Banks.
• Worked on clients in Manufacturing, Trading, Government and Pharmaceutical Industries.
• Performed assignments independently, where performed tasks starting from Audit planning to finalizing with the partner.
• Quality work and timely execution of Audit and other assignments.
• Reporting to partners on time and providing regular progress of Audit and other assignments.
• Supportive to juniors in assignments by suggesting improvements by sharing knowledge and experiences.

Other Key Contributions in Career:
• Prepared training material on business process controls and spread sheet controls testing.
• Prepared a presentation on carbon credits, its applicability and impact on the organizations operations.
• Prepared training material on business process controls and spread sheet controls testing.
• Performed a complex engagement relating to SAS70 for two major business processing outsourcing companies involved in telecom and airlines in a tight timeline. The successful completion of the assignment lead the firm getting more business from the clients.
• Performed SOx assignment on one of the IT Services Major and the audit has passed the review of the PCAOB.

Qualifications & Certifications

Indira Gandhi National Open University

The Institute of Chartered Accountants of India

The Institute of Cost and Works Accountants of India

The Acharya Nagarjuna University

Skillpages has been acquired by Bark.com!

Bark.com is pioneering the way people find local services. Skillpages is the world’s premier directory of service providers.

Find out more

Are you sure that you want to leave?