Narisetti Devaraju
Chennai
Summary
Result-oriented Professional, targeting challenging assignments in Internal Audits with a growth-oriented organization
Overview
1
1
Certification
8
8
years of post-secondary education
14
14
years of professional experience
Work History
Manager -Internal Audit
Larsen and Toubro Ltd
10.2023 - Current
- Conducting the audit as an Audit Manager/Team Lead as per monthly audit plan
- Planning the audit and allocating the audit areas between the team and supervising the team.
- Identified audit requirements and communicated them to the auditee.
- Facilitated pre-audit and post-audit discussions with auditee and senior management.
- Issued draft reports in collaboration with the auditee, meeting timelines established by the CIA to facilitate timely feedback and resolution.
- Shared the completed audit report with management, adhering to a 30-day timeline.
- Prepared and circulated open audit observations for each IC on a monthly basis, ensuring transparency and accountability in audit processes.
- Compiled MIS data for the CFO report and tracked ATR on a monthly basis, providing essential insights for decision-making.
AM (6 months in WAISL Ltd & 1 Yr. in GMR)
GMR Group
Delhi
05.2022 - 10.2023
- Executed audit of M/s. WAISL Ltd following management protocols.
- Performing the Pre-audit of all the payments
- Explored new revenue options and presented findings to family for consideration
- Performed revenue reconciliation to verify alignment with financial records.
- Ensuring statutory compliance, Tax/ Department audits & disputes
- Checking and approving various Bills/Invoices etc.
- Administered forex arrangements according to LRS regulations.
- Managed investment portfolios for promoters to optimize financial growth.
- Providing various Investment options available in the Market
- Provided recommendations on stocks and policies to enhance investment strategies.
- Compiled management information system reports for decision-making.
DM – Internal Audit
GVK Group
Hyderabad
09.2018 - 05.2022
- Appointed as Internal auditor of various entities of GVK Group
- Conducted internal audits following the Board's approved plan.
- Conducted audit and delivered report within timeframe.
- Participated in the Corporate Procurement Committee.
- Reviewed payment vouchers for accuracy and compliance prior to approval
- Conducted preliminary audits of purchase orders and work orders for accuracy
- Ensured compliance with statutory regulations for Trusts of GVK Group.
- Finalized accounts and secured audit clearance for Trusts of GVK Group, facilitating regulatory compliance.
Executive Internal Auditor
Raje Retail Pvt Ltd
Hyderabad
01.2016 - 12.2016
- Monitored 18 pharmacies in Hyderabad, ensuring compliance with internal policies and regulatory standards
- Planned monthly, weekly, and daily audits for pharmacies to assess operational integrity and financial accuracy
- Conducted audits according to the plan and reported variances to management.
- Auditing the corporate Finance Bills, Invoices, vouchers before making the Payment
- Conducted payroll audits for accuracy and compliance with regulations.
- Verified statutory compliance during scheduled reviews.
Article Assistant & Paid Assistant
PARY & Co
08.2012 - 12.2016
- Conducting Internal, statutory audits of various entities
- Managed client data to ensure accuracy and compliance with regulations
- Conducted internal and statutory audits for various entities to ensure financial integrity and compliance
- Maintaining the Books of Accounts of the Companies, other entities
- Organized and updated client data to ensure accuracy and compliance
- Prepared MIS reports, managed inventory, and performed variance analysis and stock reconciliation to support decision-making
Education
CA -
The Institute of Chartered Accountants of India
Hyderabad 07.2012 - 01.2018
B.com -
Kakatiya University
Khammam 07.2009 - 01.2012
Skills
- Internal Audit
- Internal Controls
- Risk assessment
- Statutory Compliances
- Tax audits
- Audit responses
- Financial Management
- Finance & Accounts
- Team Management
- Trust account finalization
Certification
Another Course: Forensic Audit Course from ICAI, 2019
PERSONAL DETAILS
Languages Known: Telugu, Tamil (Understand and can reply some extent) Hindi & English
Languages
English
Beginner
A1
PROFILE SNAPSHOT
- Manager with 8+ years of experience in Construction, Power, Retail Manufacturing, Reality, industry as Internal Auditor.
- L&T Construction Chennai, as Manager Corporate Audit Services (CAS) ~3 years.
- GMR Group (F&A and IA) -1.5 Yr. with GMR Chairmen office Delhi.
- GVK Group as Deputy Manager Internal audit for 3.5 years
- Conducting the Internal Audits for the entities from time to time as per the audit plan
- Ensuring statutory compliances, Tax/ Department audits for the Trust.
- Identifying process gaps & working closely with auditee to resolve them
- Experienced in managing accounts payables and receivables for the Trust.
- Good negotiations with vendors and liaison with stake holders for the Trust related matters.
- Motivate the team to achieve the corporate deliverable
- High integrity & energetic leader with proven skills delivering quality services
Timeline
Manager -Internal Audit
Larsen and Toubro Ltd
10.2023 - Current
AM (6 months in WAISL Ltd & 1 Yr. in GMR)
GMR Group
05.2022 - 10.2023
DM – Internal Audit
GVK Group
09.2018 - 05.2022
Executive Internal Auditor
Raje Retail Pvt Ltd
01.2016 - 12.2016
Article Assistant & Paid Assistant
PARY & Co
08.2012 - 12.2016
CA -
The Institute of Chartered Accountants of India
07.2012 - 01.2018
B.com -
Kakatiya University
07.2009 - 01.2012