Peter Sio Email & Phone Number

Dunstable, England, United Kingdom

Costa Coffee is UK’s favorite coffee business which was acquired by The Coca-Cola Company (TCCC) in 2019. As a US listed company, Coca-Cola is required to comply with the Sarbanes Oxley Act, which involves all qualifying group companies to implement Internal Controls over Financial Reporting.SOX implementation at Costa started with the validation of business processes, streamlining existing controls and mapping them with TCCC’s Risk & Controls Framework.I was responsible for setting up the control repository application and evidence portal, rolled out periodic control executions, established routine for consistent monitoring of key completion and compliance indicators.Designed control execution and finding management workflows, responsible for monitoring and ensuring timely performance of due tasks. Continuously support management’s compliance efforts with competence and with assisting delivery of audit requests. Reviewing reported control weaknesses, access process owners to facilitate and approve their remediation plans.Developed the project plan and driving global controls expansion. Working remotely with external consultants on a process gap assessment and with local management on implementing the applicable internal controls.Established user support material and a dedicated internal SOX portal / communication channel. Provided on-line training and software demonstration for control performers/reviewers, continuous technical support and guidance on interpreting requirements and sufficient control documentation.

London, United Kingdom

Evaluation of significant strategic initiatives, processes and operations to assess the adequacy and effectiveness of governance, risk and controls, encouraging the business to implement proper internal controls.Control rationalization, re-engineering of key processes to reflect them with the newly implemented Shared Service Centre environment and SAP, configuration of a global control management application (TeamMate CM).Providing advice on all aspects of internal control including interpretation of relevant policies, liaising with other internal assurance functions and external assurance providers.Development of a risk based audit strategy and delivery plan, testing across a range of processes using the latest audit methodologies and techniques such as ACL, Business Analytics and HFM Smart View.Managing stakeholders and their management teams, leading audit close meetings, monitoring and reporting on the resolution of prior recommendations.Directing external consultants through complicated projects.Configuration of a global audit project management tool (TeamMate AM).

Budapest

Development and delivery of the annual programme of assurance reviews for Europe utilising a team that combined in-house and co-sourced resources.Supervision of operational and financial audit projects, ensuring the scope is meaningful and the audit protocol is followed.Audit report writing and distribution.Encourage the business for steady improvement, detection of red flags and implementation of proper internal controls.Coordination of SOX testing efforts in Europe, reporting progress, approving all controls’ tests and remediation plan.Built up and managed a team of four auditors, launched the Internal Audit function in Europe. Developed key competencies within the team such as application of data analysis, independent judgement, scepticism and critical thinking; encouraged people for improvement through provided opportunity to them for exposure.

Budapest

Continuous monitoring of revenue recognition from professional services provided in the EMEA region.Formed, trained and supervised the testing team of four auditors.

Budapest

Management of major external audits, due diligence reviews, transaction support services, GAAP translations, large group consolidations as well as business process re-engineering engagements. Lead lecturer on internal trainings.