Internal Auditor- CA

Role & responsibilities

1. Finance Audit:

Verify that goods and services received from vendors are accounted for in the correct ledger.

Ensure entries passed match the party mentioned in the invoice and purchase order (PO).

Check that prices in invoices align with the PO and that the authorizing person has signed documents.

Confirm compliance with relevant rules and regulations; report discrepancies to HOD and management.

2. Sales Audit:

Validate and verify accounting vouchers for export and domestic sales against related documents.

Check party names, GST rates, HSN codes, FOB prices, CIF values, and quantities.

Ensure adherence to laws and rules.

Verify if export promotion schemes are followed properly by the Exim department.

3. Exim Audit:

Check and verify all export-related documents and entries in the export register.

Ensure compliance with IDPMS, ORM (for imports), EDPMS, and IRM reports.

Highlight non-compliance issues to management.

4. ERP and Tally Data Reconciliation (Monthly):

Reconcile ERP trial balance ledgers with Tally trial balance ledgers.

Correct discrepancies by coordinating with responsible personnel.

5. TDS Ledger Scrutiny & Return Filing:

Ensure TDS deductions are accurate as per income tax laws, including amounts, rates, and sections.

Rectify errors in collaboration with responsible personnel and report recurring issues to HOD and management.

File quarterly TDS returns as per legal requirements.

6. Bank Reconciliation:

Verify accounting entries to ensure alignment with bank statements.

Match opening and closing balances; resolve discrepancies with HOD.

7. Price Variation Analysis (Quarterly):

Analyze price variations for goods received from vendors based on a minimum of ten transactions per month.

8. Physical Stock Verification:

Compare physical stock quantities with departmental records. Highlight discrepancies to the production manager for correction.

9. TDS and GST Reporting:

Generate TDS and GST reports from ERP and ensure their accuracy.

10. Process Audit:

Verify inventory and production entries department-wise.

Inform operators of mistakes and ensure corrections are made.Validate correction reports for accuracy.

11. Month-End ERP Closing:

Ensure purchase policy compliance, including quotations and comparisons. Monitor ERP stock valuation for accuracy.

12. Other Responsibilities:

Perform tasks assigned by the HOD.

Ensure full compliance with company policies and processes.

Preferred candidate profile

• CA fresher/inter
• Strong knowledge of financial and accounting principles.
• Proficiency in ERP software (e.g., Tally).
• Familiarity with TDS, GST laws, and compliance requirements.
• Analytical skills for reconciliation and auditing.
• Excellent communication and teamwork skills