Key result area
- Audit Process (Pre-planning, execution and follow up)
- Audit Areas (Branch / Factory / Commercial / Non- Operating Areas Audit)
- Type of Audit (Operational, Conformance, Investigative and Management
Job Responsibilities
1. Execution & Reporting:
Type of audit (Operational, Conformance, Investigative, and Management)
- Conducting a methods study of all activities of the locations being audited and suggest improvements
- Using PC as a tool of audit to improve the areas of coverage
- Assessing adequacy and correctness of accounting records
- Carrying out ad-hoc reviews to investigate any area identified
- Checking the processes and ensuring internal controls systems are adequate
- Ensuring proper segregation of duties and study the adequacy of the same
- Ensuring compliance to various statutes applicable, accounting standards, and also compliance with the company procedures and policies laid down
- Identifying non-value-added activities
- Ensuring those audit findings are correctly and factually reported - Providing inputs for improvements in internal control systems, processes, avenues for cost savings, and profit maximization - Ensuring that the report is concise and should convey the observations and create the desired impact on the reader
2. Following up on the implementation of audit suggestions
- Constant written follow up with auditees for implementation of audit suggestions
- Periodic meetings with the auditees
- Reporting the implementation of the audit suggestions periodically, and summarizing the implementation status
- Recording the reasons for non-implementation wherever applicable
3. Documentation
- Preparing work papers during audit activity
- Documenting process flow chart, collect and file relevant policies and procedures
- Maintaining copies of all query sheets - Documenting how the query has been resolved - Having proper referencing with all documents and audit points
- Assisting in preparing the audit checklist and internal control checklist and updating the audit checklist and internal control checklist periodically
- Filing properly all documents and work papers for easy retrieval in future
- Analyzing control flow charts for key business processes and critical parts of key processes, with a view to identifying weaknesses
- The efficiency of use of resources, duplication of work, adequacy of control procedures
REQUISITE QUALIFICATION
Chartered Accountant (Inter) OR ICWA (Inter)
REQUISITE WORK EXPERIENCE
2 years of work experience