Internal Auditor- CA(experience)

Key Responsibilities :

• Internal Audits :
• Conduct internal audits of financial and operational processes to assess the effectiveness of internal controls, accuracy of financial reporting, and compliance with policies.
• Evaluate financial systems and internal processes for efficiency and effectiveness, identifying areas of risk or potential fraud.
• Perform audits in accordance with company procedures and audit standards, providing accurate and timely audit reports.
• Assess the adequacy of internal controls and recommend improvements to mitigate risks and enhance operational efficiency.
• Risk Management :
• Identify, assess, and prioritize risks within the organization, and collaborate with relevant stakeholders to develop risk management strategies.
• Assist in the preparation of risk management reports and ensure that appropriate action is taken to address identified risks.
• Evaluate existing risk mitigation strategies and recommend improvements based on audit findings and industry best practices.
• Compliance & Regulatory Adherence :
• Ensure that the company complies with all relevant laws, regulations, and standards, such as tax regulations, IFRS (International Financial Reporting Standards), GAAP (Generally Accepted Accounting Principles), and industry-specific compliance standards.
• Monitor changes in regulatory requirements and advise management on necessary adjustments to ensure ongoing compliance.
• Participate in the implementation of compliance programs and ensure all departments are trained and adhere to regulatory standards.
• Reporting & Documentation :
• Prepare comprehensive audit reports detailing findings, recommendations, and management responses for senior management and the audit committee.
• Communicate audit findings clearly and concisely, outlining areas for improvement, corrective actions, and timelines.
• Ensure that audit documentation is complete, accurate, and meets regulatory standards and internal policies.
• Internal Control Evaluation :
• Assess the design and operational effectiveness of internal control systems across departments, including finance, operations, and IT.
• Recommend enhancements to internal control processes to ensure efficiency and mitigate risks such as fraud or errors.
• Monitor and test the implementation of internal control recommendations to ensure they are followed appropriately.
• Audit Planning & Execution :
• Develop annual internal audit plans based on risk assessments and business objectives.
• Coordinate and execute audits as per the audit plan, ensuring the timely completion of audit tasks.
• Work closely with external auditors and other third parties to support annual audits and other compliance activities.
• Training & Guidance :
• Provide guidance to junior auditors and internal staff on audit methodologies, procedures, and best practices.
• Support and educate departmental heads and staff on maintaining effective internal controls and risk management practices.
• Continuous Improvement :
• Identify opportunities to improve internal audit processes, enhance audit tools and technologies, and optimize efficiency.
• Stay updated on auditing standards, changes in accounting regulations, and best practices in internal auditing.

Required Qualifications :

Skills Required

Ifrs, Gaap, Sap, Oracle, Problem-solving