Role Purpose
To support the Internal Audit function in conducting risk-based audits, Internal Financial
Controls (IFC) testing, process reviews, compliance audits, and ensuring timely closure
of audit observations across business functions.
Key Responsibilities
1. Internal Audit Execution
• Conduct process audits across business functions (Sourcing, Finance, Stores,
Production, HR, etc.).
• Perform risk assessment and identify control gaps.
• Execute audit programs and document working papers.
• Evaluate adequacy and effectiveness of internal controls.
• Draft audit observations with root cause analysis and risk rating.
• Discuss findings with process owners and obtain management responses.
2. Internal Financial Controls (IFC) Testing
• Perform design and operating effectiveness testing of IFC controls.
• Assist in preparation and updating of Risk Control Matrix (RCM).
• Identify control deficiencies and suggest remediation measures.
• Support management in strengthening financial reporting controls.
• Track remediation of IFC gaps.
3. Risk & Governance
• Assist in enterprise risk identification and documentation.
• Monitor key financial and operational risks.
• Evaluate compliance with policies, SOPs, and statutory requirements.
• Support governance framework improvements.
4. Compliance & Regulatory Review
• Review compliance with Companies Act, GST, Income Tax, Labour Laws, MSME
Act, etc.
• Ensure proper documentation and record retention as per statutory
requirements.
• Identify non-compliance areas and recommend corrective actions.
5. Audit Reporting & Follow-up
• Prepare draft audit reports with actionable recommendations.
• Maintain audit tracker and monitor closure of findings within agreed timelines.
• Conduct follow-up audits to ensure effective implementation.
• Maintain documentation repository for audit evidence.
6. Data Analysis & Controls Monitoring
• Perform data analytics for exception identification.
• Review transactional data for anomalies,
📌 Industrial Trainee (India)
🏢 Kimbal
📍 India