o Coordinating and supporting the internal audit team to conduct audits as per the annual audit plan. o Ensuring audit schedules are followed and facilitating the necessary access to data and personnel.
1. Analytical Reviews:
o Conducting Cost-Benefit Analysis to weigh expenses against perks for informed decision making. o Performing Budget Variance Analysis to compare actual spending against budgeted figures.
o Carrying out Root Cause Analysis to identify underlying causes of issues or variances.
1. Risk Management:
o Identifying control gaps in current processes, assessing potential risks, and drafting a Risk Control Matrix (RCM) to track and mitigate risks effectively.
1. Functional Audits: Performing audits across various departments and functions, including: Dealer Marketing Audit reviewing compliance and performance in dealer/marketing activities.
Branding Audit – ensuring brand-related activities align with company policies. Purchase Audit – verifying purchasing practices and procurement controls.
HR Audit – examining human resources policies and practices for compliance and efficiency. Finance Audit – assessing financial transactions and controls.
Systems & Process Audit – evaluating the robustness and efficiency of operational systems.
Manufacturing Audit – focusing on production efficiency and compliance.
1. Standard Operating Procedures (SOPs):
o Reviewing and developing Standard Operating Procedures (SOPs) to standardize processes and promote best practices.
1. Audit Planning & Reporting:
o Creating the Annual Audit Plan based on identified risk areas and organizational needs. o Conducting MIS Reviews to assess information systems and reports for accuracy and reliability.
o Preparing Management Reports to summarize findings, observations, and recommendations from audits.
o Using Data Analysis to interpret findings and support recommendations.