Job description
Description:
Job Purpose
Assist Manager in developing and executing the Annual audit plan, and take a lead role in the day to day execution of internal audits
Contribute to the Internal Audit (IA) function by identifying risks associated with business objectives and evaluating the controls in place to mitigate those risks in order to improve the effectiveness of risk management, control, and governance processes
Ensuring completion of Audit plan as per schedule for empanelled external auditors and providing guidance and support to them in execution of Audits
Provide value-added advice and support to business partners on the creation or modification of policies, procedures, processes, products or services to ensure an appropriate level of internal control and compliance is maintained
Job Responsibilities
Planning
Engaging with the Auditee for finalization of dates of Audit engagement and Assisting the Manager in the collecting information and documents relevant to be used for preparation of Audit Planning Memorandum (APM)Identifying transactional discrepancies/inconsistencies in data extracted form ERP/MIS through Auditing Tools, Exception Reports or Manual AnalysisParticipate in opening meetings with Auditee to explain the scope and objectives of the audit engagement to Auditee and provide an overview of all steps in the audit processDevelop a thorough understanding of business processes in scope for assigned audits and document the processes in flowcharts and/or process narratives. Identify and document inherent risks and controls within the business processes
Fieldwork
Develop a risk based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodologyEvaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives. Identify and document control and process weaknesses and provide evidential support for findingsPropose practical and value added recommendations to address control weaknesses and/or process inefficienciesOrganize and reference work papers for review by Manager, Internal AuditParticipate in closing meetings with Auditee at the end of fieldwork, providing clear explanations for identified issues
Reporting
Assist in the preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the auditee and senior management.Assist in preparation of Presentation on Major Observation to Auditee Hierarchy/Audit Committee
Other Responsibilities
Pursuing for closure of open audit issuesSupports the Manager, Internal Audit in the development and implementation of the evolving IA methodologyProvide consultative support to unit with regard to the adequate design and execution of risk management processes
Key Interaction
Internal :With Various Functions across hierarchy such as Plants, Branches, Sales, marketing, Supply Chain, Finance, Legal, Taxation, SSC ,IT, IBU
External :
– External Consultants- External Auditors- Other Vendors
Qualification
Essential:B. Com/BAF
Role: Audit Executive
Industry Type: IT Services & Consulting
Department: Finance & Accounting
Employment Type: Full Time, Permanent
Role Category: Audit & Control
Education
UG: B.Com in Any Specialization
Key Skills
Supply chainProcess designERPManager Internal AuditSenior ExecutiveMIScorporate auditTest planningTaxationRisk management
About company
Asian Paints is India’s largest paint company and ranks among the top 10 decorative coatings companies in the world with a turnover of Rs.25.6 billion .The company has a reputation in the corporate world for professionalism & fast track growth
Company Info
Website:
https://www.asianpaints.com
Address:
Asian Paints House,,6A Shanti Nagar,Vakola Pipe Li,ne,Santacruz,MUMBAI,Maharashtra,India
https://www.naukri.com/job-listings-executive-i-corporate-audit-asian-paints-limited-mumbai-0-to-3-years-310323008606?src=discovery_topCategoriesWdgt_SRP_srch&sid=16806860076061571_7&xp=17&px=1
