Managing Audit, Tax and Accounts

Taxation matters

Taxation matters

Taxation matters of different clients

Managing accounts

Responsibilities Includes:

• Audit of payments made by company to its permanent and contractual employees during the month, including salaries, bonus; leave encashment, daily wages, loans and salary advances etc.
• Verification of payments made by company to its vendors on the basis of respective purchase orders, gate passes, good receipt notes etc.
• Physical verification of major additions in fixed assets during the month
• Verification of bank reconciliation statements, including preparation/review of bank movements.
• Performance of physical cash count on fortnightly/surprise
• Verification of bank payment vouchers, journal vouchers, cash payment vouchers.
• Verification of bank receipts vouchers, journal vouchers and cash receipts vouchers.
• Verification of revenue which includes sales rates, terms of allotment/transfer of plot, fees, charges and penalties, terms of discount/rebates, installment schedule and trade debts.
• Verification expenditures which includes budget allocation, procurement process, operating expenses, advance for expenses, trade and other payables, prepayments.
• Verification of fixed assets and inventory which includes land held for development and sale, cost of sales of plots, award of contracts, development work in progress, and stage of completion of each contract.
• Verification of payroll expenses, staff retirement gratuity, employee benefits, staff recruitment and hiring/termination, compliance of human resource policies and procedures.
• Verification of treasury which includes loans, investments, finance costs and

For Internal Auditing:
•The person shall be responsible to perform and execute the financial and operational audits and special projects allocated by the Director, Group Internal Audit / Senior Manager, Group Internal Audit.
•These activities will be carried out in accordance with established audit work standards and under supervision of the Senior Manager, Group Internal Audit broadly covering but not limited to, following activities:
•Audit of payments made by company to its permanent and contractual employees during the month, including salaries, bonus; leave encashment, daily wages, loans and salary adv
• Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
• Formulation of internal control policies relating to financial and human resource matters.
• Discussion and meetings with Director and various levels of client’s management.
• Reporting to the Director on monthly basis regarding major weaknesses in the financial reporting and internal control system.
• Drafting the recommendations regarding critical areas in the monthly report.
• Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
For External Auditing:

• Planning and execution of the audit and supervision of the staff
• Consulting partner/manager for auditing and accounting issues arising during the course of audit
• Compliance with International Financial Reporting Standards and International Standards on Auditing
• Time to time discussion with the client on the status of audit
• Compliance with Taxation Laws, Corporate Laws and internal control compliance
• Reviewing the financial statements and performing analytical procedures
• Assessment of the internal controls being implemented by the client entities
• Communicating with the Company’s staff and executives, reporting on the