Audit Executive

Job role : US Audit Executive

Job Descriptions :

• Concurrent audit is a systematic and timely examination of financial transactions on a regular basis to ensure accuracy, authenticity and compliance with procedures and guidelines. The emphasis under concurrent audit is not on test checking but on substantial checking of transactions.
• Verifying vendor payments with a 3-way match approach of PO-GR-IR (Purchase order – Goods / Services receipt note- Tax Invoice receipt), vendor bank account details and vendor reconciliation statement.
• Checking the account ledger to ensure whether the transaction is posted appropriately and conducting regular review of supplier / contractors’ ledgers and expenses.
• Review petty cash and reimbursement claims as per the policy.
• Verify customer-related documents as per the audit programme with the KYC documentation and ensure adequate supporting are in place to substantiate the customer document.
• Review accuracy and completeness of broker related payments and sales incentive calculations
• Identifying loopholes in the process or system if any which is observed during the review of the documents.
• Discuss deficiencies and recommend corrective action to improve operations and reduce costs.
• Maintain accurate and up-to-date audit documentation and reports.
• Stay up to date with relevant laws, regulations, and industry best practices related to internal auditing.

Qualification & Experience :