Internal Audit

Roles and Responsibilities Roles & Responsibilities Execute various tasks to drive the internal audit functions for assigned plants including pre-transaction audit, post-transaction audit and vigilance audit. Independently undertaking the field work of audit in various plants. Independently involved for design, implementation and monitoring the status of Risk Control Matrix (RCM) of processes covering Finance ,production, PPC, Quality management, Plant Maintenance, Stores area, Purchase & Payable areas. Analyze operational and management processes and system controls’ effectiveness and efficiency in view to improve them and propose value-added recommendations. Implement risk assessment strategies through analysis of various risks and suggest course of action to mitigate identified risks Identify control and process weaknesses, documentation of main control points and provide evidential support for report recommendations. Ensuring that statutory compliance and its adherence. Discuss the audit findings with auditees and obtain their responses along with timelines. Prepare various audit reports with findings and issues identified during the internal audit for further discussions with HoDs. Ensure final audit reports are issued with all recommendations agreed and accepted by the audited individual/group, considering materiality, internal controls and documentary evidence along with results. Monitor all pending issues, track aging, reminders to auditees for timely closure of issues and escalate overdue matters. Suggesting automated controls / processes, wherever possible and following up for its implementation Perform special & vigilance audits per management requests & identify red flags by analyzing departmental data, quality data, invoices etc. Prepare presentation of summary of audit reports for the Audit Committee to identify areas requiring attention and ensure implementation of any actions agreed along with recommendations.