Aarth & Associates

To execute a risk‑based internal audit plan covering financial, operational and statutory compliances of the company, and provide independent assurance on the effectiveness of internal controls, risk management and governance processes.​ To support management and the CA firm in strengthening systems, preventing fraud and leakages, and improving efficiency in key automotive processes like procurement, production, inventory, sales and service. Plan and perform internal audits (process, financial and compliance) as per the annual audit plan approved by the CA firm and management.​ Evaluate adequacy and effectiveness of internal controls over major cycles: purchases, vendor payments, production, inventory, scrap, warranty claims, sales, collections, fixed assets and HR/payroll.​ Review financial records, supporting documents and system reports to identify errors, control weaknesses, policy deviations and potential fraud indicators.​ Test compliance with applicable laws and regulations (Companies Act, GST, income tax, TDS, labour laws, environment norms, etc.) and internal policies/SOPs.​ Conduct specific audits relevant to the automobile sector (e.g., IATF/ISO‑related process adherence, supplier audits, PDI and warranty process, service revenue and parts management, vehicle dispatch and registration documentation).​ Perform data analysis (including variance analysis, trend analysis and ratio checks) to detect unusual patterns, leakages or inefficiencies.​ Prepare clear working papers documenting procedures performed, evidence obtained and conclusions reached, in line with standards prescribed by the supervising CA firm.​ Draft concise audit reports highlighting observations, root causes, risk impact and practical recommendations for process and control improvements.​ Present significant findings to management and the CA firm, and participate in discussion of action plans with process owners.​ Follow up on implementation of audit recommendations and track closure of open points, reporting status periodically to the CA firm and management.​ Assist external/statutory auditors by providing internal audit documentation and clarifications as required.​ Stay updated on changes in accounting standards, tax and regulatory requirements, and automotive quality/industry standards (e.g., ISO 9001, IATF 16949) as relevant to the company.​ Qualifications and experienceEducation: B.Com / BBA / Equivalent mandatory. CA Inter / CMA Inter / MBA (Finance) preferred; candidates pursuing Chartered Accountancy under a practicing CA firm will be given preference.​ Experience: 2–5 years’ experience in internal audit, statutory audit or risk/compliance, preferably in manufacturing or automobile/dealership environment.​ Skills and competenciesStrong understanding of accounting principles, internal controls and audit techniques.​ Working knowledge of ERP/accounting systems (Tally/SAP/Oracle or equivalent) and good Excel/data analysis skills.​ Exposure to manufacturing/automotive processes such as BOM, production planning, inventory management, dealership operations or service workshops is an advantage.​ Good documentation, report writing and communication skills to interact with management and the CA firm.​ High integrity, independence, professional scepticism and ability to handle sensitive information confidentially.​ Strong analytical and problem‑solving ability with a process‑improvement mindset.​ Reporting and supervision structureFunctionally guided, reviewed and evaluated by the partner/manager of the practicing CA firm, which will: Approve the annual audit plan and detailed programs. Review working papers and reports. Provide technical guidance, methodology and training. Administratively reporting to the company’s CFO/CEO/Director for day‑to‑day coordination, access to records and facilitation of audit work.​ You can customise this by inserting plant/dealership locations, specific automotive standards followed (e.g. IATF 16949), and mentioning whether the role will involve travel to vendor plants, warehouses, and branches.