Internal Audit

- To chalk out a program of Audit throughout the year covering all the branches.
- Deployment of staff to implement this program.
- To prepare a checklist on which an Audit has to be conducted.
- The audit report should be prepared branch-wise.
- The audit report is conducted for a branch at least four times a year.
- A consolidated Audit Report should be prepared to highlight significant aspects with a suggestion to pluck the loopholes once a year.
- To issue a query to any department when necessary and ask for documents from any department.
- In respect of serious faults, an emergency report should be submitted to the Secretary.
- In preparing a checklist due observation of the funding agencies about any matter should be kept in mind.
- A periodical review meeting of the Auditor should be held to apprise them about any new requirements.
- Audit Reports must be specific so that responsibility can be fixed for omissions and commissions.
- The audit should continually feed the Secretary about the progress.
- The audit should see whether instructions issued through circulars from different departments are carried out properly.
- Any other job assigned by the competent authority/ immediate superior.

📌 Internal Audit (India)
🏢 Dhosa Fincare
📍 India