Overall in-charge of Internal audit department .
Develop/Update an Internal audit Manual describing the scope of internal audit, audit methodology, standard audit formats and checklists describing key control areas for audit of important areas / processes.
Developing an annual audit plan, allocating resources, determining objectives, and leading & guiding a team of audit professionals to conduct audits.
Supervising ongoing audits and follow-up on action plans as outlined in the audit Plan, identifying critical control issues, and recommending corrective actions.
Effectively complete the annual audit program through planning and conducting internal audits to evaluate inventory & financial controls, operational effectiveness and operation efficiencies.
Review compliance with Company policies and procedures. Document and implement new policies and procedures as needed and propose recommendations to enhance internal controls.
Ensure that audits are conducted as per the approved internal audit plans and audit reports are issued within stipulated time frames. Visit Divisions for final discussions related to audit observations with Division Head. Also ensure that timely action plans in response to the recommendations made in the audit reports are received from the respective Divisions/Departments.
Critical evaluation of internal Controls, performing GAP analysis and suggesting areas for strengthening, Constructive review of Business operations
To carry out process audit to identify areas of improvements and suggest measures to strengthen the control systems.
Designing and implementing financial systems, policies and procedures in line
With the corporate objectives to facilitate internal financial control.
Designing and implementing risk assessment process and matrix module.
Analytical review of financial statements and evaluation of internal control systems to carry out Internal / Financial / Operational / Cost / Management Audits.
Designing and implementing strategic cost management systems /
Conduct Audits of all departments and suggest improvements in systems.
Review and evaluate adherence to Corporate Governance norms.
Ensure testing corrective actions are implemented by concerned departments in specified time.
Investigate specific areas and submit report.
Follow up of audit practices and ensure legal compliances and accounting standards.
Monitor the implementation of various policies of the management.
Co-ordinate with external audit agencies and ensure the audit requirements of statutory auditors, concurrent auditors, Stock auditors etc.
Identifying areas of revenue leakages and betterment of processes performing investigations, sales channel reviews, revenue audits, process reviews.
Evaluation of the risk framework to ensure adequate controls to mitigate risks to an acceptable level.
Effective communication of audit findings in the form of effective report and follow up to ensure recommendations are implemented.
Evaluate systems related bottlenecks in the area of operations and information system and recommend process change / improvements for minimizing / eliminating them and improving efficiency.
Identify potential areas where savings can be achieved by way of cost control, cost rationalization and ensure that corrective measures are implemented to achieve desired results.
Pre-Audit of USFDA requirements at Plants.
Fraud & Special investigations.
Inter department co-ordination on continuous basis