Audit

 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.

 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 Analysis
 Participate 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 process

 Develop 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 methodology
 Evaluate 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 findings
 Propose practical and value added recommendations to
address control weaknesses and/or process inefficiencies
 Organize and reference work papers for review by Manager,
Internal Audit
 Participate 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 issues
 Supports the Manager, Internal Audit in the development and
implementation of the evolving IA methodology
 Provide consultative support to unit with regard to the
adequate design and execution of risk management processes