Role & responsibilities

Key Responsibilities

1. Fixed Asset Register (FAR) Review

- Verify the completeness and accuracy of the Fixed Asset Register.
- Conduct physical verification of fixed assets and reconcile with FAR records.
- Check capitalization, asset tagging, transfers, disposals, and depreciation practices.
- Identify untagged, idle, obsolete, or missing assets.
- Ensure compliance with company policy and applicable accounting standards.

2. SOP & Process Audits

- Review SOPs across departments for adequacy and effectiveness.
- Verify whether departmental activities are being performed as per approved SOPs.
- Identify process gaps, control weaknesses, and non-compliance issues.
- Recommend process improvements and control enhancements.
- Monitor implementation of corrective actions.

3. Internal Control Review

- Assess the effectiveness of internal controls across Finance, Purchase, Stores, Sales, HR, and Operations.
- Test key controls and document audit observations.
- Review approval matrices, authority limits, and segregation of duties.
- Identify potential fraud risks and control deficiencies.

4. Compliance Audits

- Review compliance with company policies and statutory requirements.
- Verify GST, TDS, inventory, procurement, and payment-related controls.
- Check adherence to delegation of authority and approval procedures.
- Evaluate compliance with management directives and audit recommendations.

5. Operational Audits

- Conduct audits of procurement,



inventory management, manufacturing, sales, and finance processes.
- Review transaction samples and supporting documents.
- Identify inefficiencies, leakages, and operational risks.
- Suggest measures for cost control and process optimization.

6. Audit Reporting

- Prepare detailed audit reports highlighting observations, risks, root causes, and recommendations.
- Discuss findings with department heads and management.
- Track closure of audit observations.
- Present periodic audit status reports to management.

7. Expense Audit & Financial Review

- Review revenue and expense bookings to ensure accuracy, completeness, and adherence to accounting policies.
- Verify that expenses are supported by appropriate documentation and approvals.
- Examine expense classifications and cost allocations to identify misclassifications or unusual transactions.
- Conduct periodic scrutiny of major expense heads such as Travel, Repairs & Maintenance, Marketing, Freight, Employee Expenses, Qualified Fees, and Administrative Expenses.
- Review provisions, accruals, and month-end journal entries for correctness.
- Identify opportunities for cost optimization and control improvements.
- Verify compliance with budgetary controls and management-approved spending limits.
- Highlight abnormal trends, duplicate payments, or policy deviations for management review.

Preferred candidate profile

📌 Internal Auditor (Sonipat)
🏢 Mittal Electronics
📍 Sonipat