Team Lead Internal Audit

Responsible to lead and manage internal audit department of KKN by performing independent, objective assurance and consulting activities designed to add value and improve KKN’s operations by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

1. Prepare and keep updating the Internal Audit Charter of the organization in line with the international standards and company’s business processes

2. Develop risk – based annual audit plans detailing the scope, nature and timing of audit activities spread over monthly audit schedules.

3. Review and adjust the internal audit plan, as necessary, in response to changes in the KKN’s business, risks, operations, programs, systems and controls.

4. Keep Updated internal audit manual, programs and internal control questionnaires as necessary.

5.  Give recommendations to departments for updating various organization policies in form of Inter Office Memo (IOM) to implement controls in the subject area and ensure compliance thereto.

6. Responsible to ensure stock count, store audit on monthly basis, prepare audit report and directly submit to Management.

7. Check physical inventory of all sites on a quarterly or by annual basis as tasked by the management.

8. Responsible to ensure cash audit (as per defined rules/schedules) directly by checking the cash account on monthly basis and submit reports to Management.

9. Responsible for the audit of Bank Reconciliation Statement, Inter site Reconciliation, verification of payment vouchers, daily disbursement report, cash disbursement, accounts payable reconciliation with parties as and when required, All transactional voucher shall be audited (Pre and Post), accounts receivable reconciliations, bank receipt vouchers, cash bills on ongoing basis and report findings to management.

10. Monthly voucher error report.

11. Perform review of monthly accounts and submit report to Management.

12. Ensure Monthly Verification of Payroll/Overtime sheet (Post Audit). Ensure audit of employee promotion and transfer, loan & advances, and prepare reports on an ongoing basis.

13. Report to Management on major fluctuation of various financial indicators based on results provided by financial statements.

14. Review and report on accuracy, timeliness, reliability and relevance of financial and other information.

15. Responsible for the audit of all purchase activities either through PO’s or cash purchases, prepare reports and findings and submit report to Management.

16. Responsible to audit and identify difference between approved and actual procurement.

17.Review & Verification of monthly purchase summaries.

18.Ensure internal audit activities and review at department level of DTM as per internal audit plan. This review will be carried out on the basis of SOPs/PPDs developed for that department.

19.These departments may include following; this list can be adjusted/revised on recommendation of Management on the basis of risk assessment:

• Finance and Accounts
• Support
• Deployment
• Marketing & Sales
• Administration
• Store
• Etc.

20.          Review the system established for identification, prevention and detection of fraud  and conduct fraud investigations as per directions of the Management.

21.          Responsible to prepare monthly internal audit report and share with management.

22.  Internal audit report having findings and recommendations will be shared via official e-mail with concerned head of the department (Auditee) for his reply on audit observations. Discuss audit findings and recommendations with line managers and report significant issues to Management.

23.  Manager Internal Audit can conduct a meeting to discuss issues audit observations on requirement of concerned HOD. Unsettled and disputed audit observations arising in result of reply from auditee will be shared with Management exclusively for remedial actions.

24.  Establish a follow-up process to monitor and ensure management actions have been effectively and timely implemented in line with recommendations of IA department or management has considered it in its risk appetite by accepting the risk of not taking any action.

25.  Develop and implement an internal control culture, including training to staff regarding internal controls

26.  Conduct ad-hoc investigations and reviews as directed by Management.

27.  Odoo ERP guidance to developers for module customization for Finance CRM HR Purchase Inventory and other modules functionally and reportingly

28.  Test run in Odoo ERP then Go Live test

29.  Compliance of ERP Results with Actual Standards

30.  Develop new process of Activities required by management

31.  All other ERP related task assigned by Management