Assess the adequacy and relevance of internal control systems, policies and procedures; report on the extent of compliance with the same
Provide reasonable assurance to the Audit Committee and Executive Council over efficiency/effectiveness of operations (including safeguarding of assets), the reliability of financial and management reporting, and compliance with laws and regulations
Conduct proactive fraud audits to identify potentially fraudulent acts; participate in fraud investigations under the direction of fraud investigation professionals, and conduct post investigation fraud audits to identify control breakdowns and establish financial loss
Business Responsibility Areas Planning, Scheduling and Conducting Audits
Prepare and administer an audit plan for respective work area
Capture expectations of stakeholders for comprehensive planning and effective implementation
Schedule audits to ensure the planned/required geographical and risk coverage
Identify data requirements for effective audits
Report writing and Summary
Write a comprehensive report covering all the observation
Summarize report and highlighting major observations and action areas to the hierarchy
Ensure that audits are closed as per defined timelines
Follow-up with stakeholders ensuring closure of process
Team Management – Training and development
Manage team of officers and guide them towards achievement of goals
Review team members’ performance and provide constructive feedbacks and required trainings
Play an active role in recruitment of incumbents into the team
Others
Identify External Partners (CA Firms) and finalize financials for conducting Internal Audits
Ensure efficient usage of technical tools available to facilitate effective audits (including application of principles of auditing)
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