Preparation of Annual Audit Plan and Operations Strategy –
Prepare the Annual Audit Plan considering the sensitivity, business needsand other parameters. Finalize scope, audit programs and audit check listof each audit area envisaged in the Plan.
Comprehensive coverage of all majoraudit areas in the Annual Audit Plan.
Execution of Audits and finalization of Reports –
Conduct audits with reference to Annual Audit Plan and the envisagedtimeframe. Issue the Draft report indicating the issues observed duringthe course of audit. After obtaining auditee’s reply against eachobservation, prepare final report for issuance.
Completion of audits as per theAnnual Audit Plan.
Compliance:
Assure Management that the Sector ensures statutory compliance of allrelevant laws and regulations
Ensure compliance through third party and internal audits
Represent in Audit Committees / BCM Reviews –
Present the major audit observations in the quarterly Audit Committees /BCM reviews. Take note of the instructions and comply with them withinthe stipulated timeframe.
Satisfactory representation in AuditCommittees and Reviews. Complywith the instructions within the timeline.
KEY ACCOUNTABILITIES - Additional Details
Roles you need to interact with inside the organization to enable success in your day to day work
Interact with Department Heads on a regular basis to understand their needs and the issues being faced by them so that the same could be addressed in the subsequent audit.
FINANCIAL DIMENSIONS
While auditing, following financial data of the concerned departments are verified.
Assets acquired and sold
Cash and Bank balances
Investments made in FDs, Mutual Fund, etc.
Secured & Unsecured Loans taken
Loans & Advances given to employees and other Group Companies
Statutory Compliances
Major Income & Expenses
AOP vs. Actuals
12+ total years of experience with at least 3 years’ experience in leading the team in an Infrastructure / Energy(Power) company.