Senior Executive - Internal Audit

Role & responsibilities

Audit Assignment Planning

• Prepare audit work program for areas being audited based on process discussions with auditees and previous audits being undertaken.
• Audit work program should ensure adequate coverage for establishing:
• Effectiveness of internal controls so that processes operate with operational and financial integrity,
• Identification of improvement areas to enhance, simplify, automate controls as well as improve process efficiency,
• Ensure safeguarding of assets and achievement of organizational objectives and
• Compliance with laws and regulations.
• Incorporate new methods, techniques, and tools in planning (as well as executing) audits.

Audit Execution & Reporting

• Executive audit assignments independently or along with team under the supervision of Seniors. Ensure timely and appropriate execution of audit while ensuring,
• Adequate coverage of transactions (sampling as well as data analytics),
• Deploying accepted tools and techniques to make audit process efficient and
• Keeping in context materiality as well weaknesses observed in the process.
• Highlight potential risks and quantify either value at stake or improvement potential wherever applicable.
• Come up with recommendations that are value adding, practical and improve on current operations.
• Write concise, clear reports with facts and explanations that are suitable for senior management while at the same time are very actionable.
• Maintain audit standards, working papers and overall, a highly professional approach.
• Follow-up and track implementation of the recommendations provided when they become due

Audit Integrity & Standards

• Ensure confidentiality.
• Ensure adherence to the internal audit departments SoPs and Policies for self and reportees.
• Ensure compliance with the Internal Auditing Standards issued by IIA.

Other

• Ensure appropriate Audit technology tools are used to provide the highest level of assurance in an efficient manner.
• Advise in decision making, framing of policies, cost rationalization by providing an independent analysis.
• Occasionally also take up business improvement projects as guided by Head of Department.
• Monitor international developments, emerging trends and best practices in internal auditing and implement them, as applicable

Requirements

• Bachelors in Accounting / Commerce
• Chartered Accountant (Batch 2020 to Batch 2022)
• 2 to 3 years experience in Internal Auditing (Business Processes)
• Preferred background of a Big 4/ Reputed Consultancy/ Industry.