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03 Oct 2023


Internal Auditor, 5 to 10 years in Ahmadabad

Company Logo meghmani dyes intermediates lLP


8-10 Years

Labour Laws, Internal Audit, GST, Statutory Compliance, Ind AS

Job Description

Position: Internal Auditor
Qualification: CA,ICWA
Experience: 5 to 10 years
Location: Ahmadabad

Job description
Qualification Required: A Chartered Accountant/Cost Accountant with a minimum of 5 years of post-qualification experience.

Personal & Professional Traits:,
(i) Analytical ability, good drafting skills, perseverance, maturity, enthusiastic, positive & learning attitude.
(ii) Basic knowledge of provisions of Companies Act, Ind AS, GST, I. Tax, labour laws is preferable.

Job Description
  1. Carry out concurrent audit of transactions as per pre-defined frequency viz; Expense/Payments: -
Cash, Bank Payment - vendors, operating expense review (procurement of material/services, repairs, maintenance etc.), payroll disbursements, employee reimbursements etc., contract/labor payments, sales/marketing expenses, finance expenses (interest, charges etc.), Branch Expenses.
Revenue: -
Price list updation, invoice creation and posting, sales return and credit notes, credit control adherence and outstanding
Statutory compliances: -
Verification of return and payment w.r.t. Customs, GST, Professional Tax, PF/ESI, TDS, TCS etc.
Review of reconciliations: -
Bank Reconciliation, Stock reconciliation, Vendor/Debtor Reconciliation and ageing, Ageing of inventory.
  1. Other Matters: Sales Orders, PR and PO, Accounting through Journal Entries, Attendance and payroll, Store Records, General Ledger Scrutiny etc.
  2. Carry out process audit with focus on standardization, cost improvement opportunities, and adequacy of compliance framework.
  3. Understand as is Process
  4. Review of key documents such as policies, procedures, MIS etc.
  5. Identify risks in existing process
  6. Understand controls in place/required to mitigate identified risks
  7. Confirm key internal controls in place are operating as intended
  8. For identified gaps provide recommendation.

Process reviews to cover mainly the following:
(i) Procurement of material and services, (ii) Branch operations, (iii) Safety, Health and Environment, Quality Assurance, (iv) Inventory Management, (v) Marketing Schemes and Field Force deployment) (vi) Accounts Payable, (vii) Fixed Assets Management, (viii) Sales and Marketing, (ix) legal, regulatory and statutory compliance, (x) HR and pay roll, (xi) C&F Operations, (xii) Logistics and Distribution, (xiii) Third party manufacturing, (xiv) Treasury management etc. (xv) Finance & Accounts

03 October 2023


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