This position is primarily responsible for controlling and coordinating audit/ review/ special assignments/investigation engagement as well as to ensure that the engagement is carried out within guidelines/requirements of the applicable Audit Framework.

Principal Accountabilities:

• Monitor/review overall audit/review/investigation/ special assignment of audit and preparation of audit reports within budgeted timelines provided by firm.
• Review / validate "Risk Assessment Data of Business" and preparation of "Risk Assessment and Planning" sheet of auditable entities.
• Discuss audit observations with audit and obtain management comments on these observations. Escalate critical issues that warrant immediate action with Management through coordination with firm.
• Review work of subordinates to assure that audit work has been properly documented; working papers include adequate audit evidence and work has been performed as per audit program.
• Consolidation of exceptions according to their significance and Recommend Audit Rating for the auditable entity.
• Prepare a draft report/report for review, by the senior management of the firm.
• Ensure that working paper file is adequately prepared for archiving.
• Continually assess work being performed for greater efficiencies and effectiveness.
• Analyze issues identified during engagements/ assignments, establish root cause with full reasons behind breakdowns in controls and suggest appropriate solutions.
• Ensure compliance of regulators approved policies, guidelines, manuals, procedures etc. and government laws and regulations, ISA's standards etc. to make audit activity effective.
• Brief team members on their particular areas to provide effective coaching throughout the assignment to ensure the work is appropriate.
• Sign-off working papers in the ‘Working Paper File' to evidence preparation/review of fieldwork.
• Periodic or Surprise Inspection of stock held with the audit clients as security or given in audit master data or given in clients approved policies, guidelines, manuals and procedures etc.
• Be alert for new developments and assess their significance/implication as to audit procedures. Initiate new ideas and discuss with senior members/counterparts for their implementation/escalation for decision.