Internal Auditor, 4 to 8 years in Mumbai

Job Description

• Define Objectives: Determine the purpose of the audit (e.g., compliance, risk management, efficiency).
• Scope of Audit: Identify areas to be audited (e.g., production processes, supply chain, quality control).
• Resources and Timeline: Allocate resources and set a timeline for the audit process.

• Identify Risks: Assess potential risks in operations, such as equipment failure, supply chain disruptions, and regulatory compliance issues.
• Prioritize Risks: Rank risks based on likelihood and potential impact on operations.

• Review Production Processes: Examine workflows, machine usage, and labor efficiency.
• Quality Control: Assess the effectiveness of quality assurance protocols and defect management.
• Supply Chain Management: Evaluate supplier relationships, inventory management, and logistics.

• Regulatory Compliance: Ensure adherence to industry regulations (e.g., OSHA, EPA).
• Safety Standards: Review safety protocols and employee training programs.

• Control Environment: Evaluate the effectiveness of internal controls, including segregation of duties and approval processes.
• Financial Controls: Assess accuracy in financial reporting, cost management, and budgeting practices.

• Performance Metrics: Analyze key performance indicators (KPIs) such as production efficiency, waste levels, and downtime.
• Trend Analysis: Identify patterns over time to predict potential issues.