SHASHANK MODI (CA, CS)

Shashank is Chartered Accountant and Company Secretary with more than 8 years of
professional services experience. He has worked with multi-functional teams across
different sectors evaluating processes, identifying risks and opportunities. Shashank has
over the years focused his efforts in gaining knowledge and experience in Process reviews,
Investigations and has helped entities turnaround, design, improve, rectify and create
processes using the experience gained from various industry lines

Key areas of expertise

Risk based internal audits
Internal Financial Controls Assessments
SOX 404 compliance
Fraud Investigation & Compliances SHASHANK MODI
Financial, Operational and Business performance reviews
Documentation and Implementation of SOPs Address: Flat no 202, Sahyog
Compliance reviews and internal controls review Bhawan Apartment, Sector-2,
Trainings on Internal audit and Controls Faridabad, Haryana,
121004
Sectors served INDIA
Manufacturing, Consumer and Industrial Products, Banking & Finance
Mobile : 7838270529
Shashank.modi.2010@gmail.com
Key entities served
Panasonic India P Ltd, Haier Appliances India P Ltd., Barclays Bank PLC, Havells India Ltd.,
Fortis Healthcare Ltd, Gravita India Ltd, R 1 RCM India P Ltd., Reckitt Benckieser P Ltd,
Cargo India P Ltd, Thermosol India P Ltd., Hockey India

WORK EXPERIENCE

May 2018 – Present Haier Appliances India P Ltd., Delhi

Senior Manager (Internal Audit)
Shashank is presently working as Senior Manager in Internal Audit and has been engaged in planning and managing Internal
Audits, IFC & SOx Assignments for manufacturing units, internal departments and branch operations of Haier, located all over
India and reporting to Director-Internal Audit
Key Responsibility Area:
 Managing a team of 4 people in performing Risk based Internal audit of various functions within manufacturing units and
branches operations like Sales Control, Revenue & Receivables, Purchase & Payables, Fixed Assets, Finance & Accounts etc.
 Evaluate the adequacy of operational/financial controls of assigned audit areas including the strengths and weaknesses of
areas as they operate in the current business environment and assisting in implementation of new controls
 Testing of SOx Controls, Operational Risk Controls, preparing test papers and conclusion on the effectiveness of the control
 Identification of Revenue leakages & Implementation of remedial controls
 Performing Fraud Investigations and review of reported matters
 Performing Investigation of Travel Expenses, Employee Reimbursements as per company policies
 Making Audit Reports and Executive Summary for the Top Management
 Making Annual Audit Plan and Audit Programmes

Jan 2018 – May 2018 KPMG India, Gurgaon

Senior Consultant (Governance, Risk & Compliance Services)
Shashank was engaged in planning and managing Internal Audits, Standard Operating Procedures (SOPs) and Business Process
Reviews at key clients in Manufacturing units, Consumer & Industrial Products, Hospitals & Lead industry
Key Responsibility Area:
 Risk based Internal audit of various functions within manufacturing units and corporate offices like Sales Control, Revenue
& Receivables, Purchase & Payables, Inventory Management, Fixed Assets, Finance & Accounts etc.
 Evaluate the adequacy of operational/financial controls of assigned audit areas including the strengths and weaknesses of
areas as they operate in the current business environment and assisting in implementation of new controls
 Performing Fraud Investigation & Review of Travel Expenses, Employee Reimbursements as per company policies
 Preparation and presentation of various reports to top management and audit committee
Key Clients Served:
 Havells India Limited (Manufacturing of consumer & Industrial Products), Gravita India Limited (Manufacturing of Lead),
Fortis Healthcare Limited, R1 RCM Private Limited
 Mar 2017 - Jan 2018 Barclays Shared Services, Noida
Assistant Manager (Risk Advisory Services)
Shashank was engaged in planning and managing compliance of overall risk and control framework in line with Section 404 of
Sarbens Oxley Act 2002. Managing Risk Assessment, Business process reviews, testing of controls and governance reporting to
facilitate management attestation over effectiveness of Internal control over financial reporting (ICoFR)
Key Responsibility Area:
 Assessing the Design Effectiveness of the processes to ensure that process has been designed accurately and completely
w.r.t. risk identification, controls existence, process description and process maps etc.
 Performing Risk Assessments to identify key risks in the processes and their significance w.r.t. financial reporting
 Performing Investigation of Travel Expenses, Employee Reimbursements as per company policies i.e. GEPS (Global Expenses
Payment System)
 Evaluating existing controls’ environment and their feasibility to ensure that all the significant risks are getting mitigated
 Evaluate the adequacy of operational/financial controls of assigned audit areas including the strengths and weaknesses of
areas as they operate in the current business environment and assisting in implementation of new controls
 Managing various Finance Presentations for the Top management reflecting controls’ environment of the organisation
 Coordinating with process /control owners overseas to conclude upon the design effectiveness & Risk assessments

May 2015 - Mar 2017 Panasonic India Private Limited, Gurgaon

Senior (Internal Audit, Risk Management & SOx Compliances)
Shashank was engaged in planning & managing Internal Audits, SOx & Fraud Investigation Assignments for manufacturing units,
internal departments & branch operations of Panasonic, located all over India South Asia Middle East and Africa & reporting to
Head-Internal Audit
Key Responsibility Area:
 Engaged as a Team Leader and Team Member for performing Risk based Internal audit of various functions within Finance &
Operation and branches operations like Revenue & Receivables, Purchase & Payables, Inventory Management, Fixed Assets,
Finance & Accounts etc.
 Testing of SOx Controls, Operational Risk Controls, preparing test papers and conclusion on the effectiveness of the control
for India, South East Asia, Middle East and Africa division of Panasonic
 Identification of Revenue leakages & Implementation of remedial controls
 Performing Fraud Investigations and review of reported matters (Travel Exp., Emp. Reimbursement, Cab Service etc.)
 Making Audit Reports and Executive Summary for the Top Management
 Making Annual Audit Plan and Audit Programmes
 Provide Training and Support to new joiners, various business functions on Internal control & Fraud prevention

Jun 2013 - May 2015 V K Bajaj & Co., Delhi

Assistant Audit Manager (Internal Audit)

EDUCATION
The Institute of Company Secretaries of Company Secretary
India
Delhi, Dec 2014

The Institute of Chartered Accountants of Chartered Accountant

India
Delhi, Nov 2013

University of Delhi B.Com (Hons.)

School of Open Learning
2010

KEY ACHIEVEMENTS
 Highlighted superficial intervention in system & redesigned vendor selection process, saving from future Revenue losses
 Investigated & Highlighted INR 3.7 Million of misappropriations by an employee on account of payment for cab services
 Investigated & Highlighted Incorrect claims of Employees related to Travel & Reimbursement as per companies’ policies
 Selected as an Internal Talent Pool Member for continuous 2 years in Haier India
 Member of Lean team in Barclays Bank PLC
 Member of Compliance Governance team (CGT) of Panasonic (Fraud Investigation team of Panasonic)
 Selected as a Team member for assisting Chinese & Japanese audit team for performing audits of various companies of Haier
India & Panasonic India
 Performed as an Emcee in ISAMEA region accounting meet attended by top management from the region
PROFESSIONAL MEMBERSHIPS

The Institute of Chartered Member of ICAI (Membership No. 536245)

Accountants of India