Executive, Inventory Audit

Job Responsibilities

• Development of internal audit activities & support.
• Support in all internal audit activities- audit planning, development of audit methodology, guidelines, policies and procedures to execute audit activities efficiently.
• Perform financial & operational audits of the company's business units and outsourced operations in line with Standards of Internal Audit to ensure & provide independent assurance that Companies risk management, governance and internal control processes are operating effectively.
• Monitor stock of spare parts, raw materials, work in process, finished product & delivery as per invoice.
• Assist with the development of internal audit guidelines and manuals or keep updated the documents to support the need arises.
• Changes in business, process, and systems to ensure timely updating of controls, documentation, and the identification of items affecting the internal audit process.
• Prepare internal audit programs based on risk assessment to alleviate potential risk.
• To check and verify all sorts of requisition, delivery challan, bill, voucher, etc.
• To prepare audit findings report with necessary analysis and comparison.
• To ensure physical verification of cash and stock as required.
• Physical verification of inventory and fixed assets.
• Carry out in-depth review of field work and working paper files to ensures that the work performed supports the conclusions reached, the evidence obtained is sufficient and appropriate to support the audit observations and conclusions.
• Report on the Financial Statement of all units of the group in connection with relevant compliance to meet the management requirement within assigned time.
• Report on sales collection compliance in accordance with sales policy to communicate with the respective authority.
• Report on the weakness and non-compliance of the procurement systems.
• Report on fixed assets as per books of accounts & physical existence to trace the anomalies.
• Report Monthly/Quarterly/Yearly and when required to HOD.
• Perform any other tasks assigned by the management.