Role1. Daily Sales & Collection Audit

- Verify branch-wise daily sales against billing/POS records.
- Reconcile collections across:
- Cash
- UPI
- Credit/debit cards
- Bank transfers
- Other payment modes
- Verify that collections received correspond to the correct customer invoice.
- Check whether invoices are generated promptly after receipt of payment.
- Identify payments received but billed on a later date.
- Identify bills generated without corresponding payment records.
- Bank & Payment Reconciliation
- Reconcile branch collections with bank credits and payment gateway/terminal settlements.
- Verify that cash collected by branches is deposited completely and on time.
- Investigate short deposits, delayed deposits and unidentified receipts.
- Reconcile UPI/card settlement reports against invoices and bank statements.
- Prepare branch-wise daily reconciliation exceptions.
- Billing & Fraud-Control Audit

Review transactions for unusual or unauthorized activity, including:
- Excessive or unusual discounts
- 9099% discounts or abnormal price reductions
- Deleted/cancelled invoices
- Credit notes
- Sales returns
- Changes in product/service prices
- Backdated invoices
- Delayed billing after receiving payment
- Manual adjustments
- Cash transactions used to adjust previous electronic payments
- Unusual write-offs
- Duplicate or missing invoices

Any suspicious transaction should be independently verified and escalated.
- Branch Expense Audit
- Verify petty cash expenses.
- Check supporting bills/vouchers for every branch expense.
- Identify expenses without supporting documents.
- Check whether expenses have appropriate authorization.
- Review unusual or repetitive vendor payments.
- Verify employee advances and reimbursements.
- Report unsupported or potentially personal expenses.
- Stock Audit
- Conduct periodic physical stock verification at branches.
- Reconcile physical stock with system stock.




- Verify inward and outward movement of stock.
- Check branch-to-branch transfers.
- Investigate shortages, excess stock and unexplained adjustments.
- Review damaged, obsolete and written-off inventory.
- Identify slow-moving/ageing stock.
- Surprise Branch Audits

Conduct regular unannounced branch visits covering:
- Cash on hand
- Physical stock
- Billing practices
- Payment receipts
- Petty cash
- Discounts
- Customer orders
- Pending deliveries
- Refunds/credit notes
- Supporting documentation The auditor should independently verify transactions rather than relying solely on explanations provided by branch personnel.

Daily Exception Report

Prepare a concise Branch Audit Exception Report highlighting:
- Sales vs collections mismatch
- Collections vs bank mismatch
- Cash deposit shortages/delays
- Missing invoices
- Delayed billing
- Unusual discounts
- Cancelled/deleted transactions
- Price modifications
- Unsupported expenses
- Stock differences
- Suspicious transactions

High-risk discrepancies should be escalated immediately rather than waiting for the monthly audit.

Monthly Branch Audit Report

Each branch should receive an audit status covering:

Sales Reconciliation | Cash Control | Banking | Billing | Discounts | Expenses | Stock | Documentation | Exceptions Pending The report should clearly show:

- Issue identified
- Amount involved
- Employee/branch concerned
- Supporting evidence
- Explanation received
- Corrective action required
- Person responsible
- Closure date/status

Independence & Control The Branch Auditor should not be responsible for creating or modifying the transactions being audited.

The role should have read-only access wherever possible to billing, accounting, banking and payment reconciliation information.

Material exceptions or suspected manipulation should have a direct escalation channel to senior management. & responsibilities

Preferred candidate profile

📌 External Auditor (Bengaluru)
🏢 Gk vale
📍 Bengaluru