Access the risks, which may prevent the attainment of business policies and actions
taken to mitigate those risks.
• Analyzing and designing Standard Operating Procedures for a specific business
segment.
• Verification of revenue expenditure and capital expenditure incurred.
• Audit schedule for financial and operational audits.
• Designing policies to secure company’s assets (Fixed asset policy).
• Verification of fixed asset with respect to recording of asset in the books of accounts
and physical verification.
Conducting fixed asset tagging as per company SOP
Conducting asset verification from floor to sheet and sheet to floor.
• Conducting quarterly inventory audits and reconciling with system defined inventory
reports to inspect any discrepancy in the database.
• Corroborate with IT department to mitigate any discrepancies and
designing procedures to eliminate any future possibilities.
• Conducting briefing sessions/presentations to ensure related staff is updated and
familiarized with new policies and procedures implemented in the company.
• Verification of ambiguous accounting vouchers (JVs).