Audit Planning & Execution
- Develop and execute audit plans and programs to evaluate the effectiveness of internal controls, financial reporting, and operational processes.
- Conduct risk assessments to identify potential risk areas and prioritize audit activities accordingly.
Financial & Operational Audits
- Perform audits of financial statements, manufacturing processes, inventory management, procurement activities, and other operational functions.
- Assess the accuracy, completeness, and reliability of financial records and operational data.
- Evaluate the adequacy and effectiveness of internal controls across manufacturing and administrative functions.
- Identify control weaknesses and recommend corrective actions to mitigate risks and improve processes.
Compliance Audits
- Ensure compliance with applicable laws, regulations, and industry standards relevant to the manufacturing sector.
- Review adherence to company policies, procedures, and ethical standards.
- Conduct audits of statutory compliances including GPCB, PF, ESIC, Factory Act, Labour Laws, and other regulatory requirements.
- Verify timely renewal of licenses, permits, and statutory registrations.
- Ensure timely payment of statutory and government liabilities.
- Identify and report non-compliance activities within manufacturing units.
- Review compliance-related records and documentation as per applicable laws and regulations.
Audit Reporting & Follow-up
- Prepare clear and concise audit reports highlighting findings, observations, risks, and recommendations.
- Maintain comprehensive audit documentation, working papers, and records.
- Monitor implementation of audit recommendations and corrective actions.
- Conduct follow-up audits to evaluate the effectiveness of corrective measures and ensure continuous improvement.
Risk Management & Process Improvement
- Collaborate with management and department heads to understand operational processes and identify risk areas.
- Provide recommendations to strengthen risk management, governance, and internal control frameworks.
- Test manufacturing and plant operations to evaluate the effectiveness of existing financial controls.
- Develop and implement new audit programs to strengthen financial and operational controls across plant locations.
Pre-Audit & Financial Controls
- Conduct pre-audits of cash vouchers, expense claims, vendor payments, travel bills, purchase orders, and non-PO-based expenses.
- Audit sales and marketing expenses, employee travel expenses, and reimbursement claims.
- Review and verify petty cash transactions and balances across all plant locations.
Inventory & Material Management Audit
- Conduct physical verification of inventory and stock at regular intervals.
- Perform inventory aging analysis and identify slow-moving and non-moving items.
- Analyze root causes for inventory obsolescence and non-moving stock.
- Reconcile inventory records with physical stock.
- Review classification and valuation of inventory and stock items.
- Conduct scrap analysis and compare standard versus actual material rejection levels.
- Review raw material, packing material, and engineering material rejection reports.
Payroll & HR Audit
- Conduct audits of monthly payroll processing, employee full and final settlements, bonus and gratuity payments.
- Review employee master data, personnel records, attendance, and payroll documentation.
- Verify employee loans, advances, and related recoveries.
Fixed Assets & Physical Verification
- Conduct physical verification of fixed assets and ensure proper asset records are maintained.
- Verify asset utilization, tagging, and compliance with company policies.
Security, Dispatch & Operational Controls
- Review security and gate control systems and records.
- Audit inward, outward, RGP, NRGP, and related movement records.
- Monitor dispatch activities to ensure compliance with approved processes and procedures.
- Conduct departmental reviews across plant operations to assess process effectiveness and operational efficiency.
Professional Development & Stakeholder Management
- Stay updated on industry trends, auditing standards, best practices, and regulatory changes.
- Participate in professional development programs and training initiatives.
- Communicate audit findings and recommendations effectively to management and stakeholders across the organization.
Qualifications & Experience
- Bachelor’s Degree in Accounting, Finance, Business Administration, or a related field.
- Inter CA preferred; additional professional certifications will be an added advantage.
- Proven experience in Internal Audit, Accounting, Financial Analysis, or Risk Management, preferably in a manufacturing environment.
- Strong understanding of pre-audit processes, internal controls, financial reporting, inventory management, and statutory compliances.
- Willingness to travel to Head Office, warehouses, and other plant locations as required.
