Audit Executive - Accounts

Role & responsibilities

The Accounts Audit Executive is responsible for supporting internal audit activities, ensuring accuracy in financial records, verifying compliance with accounting standards, and strengthening internal controls within the manufacturing environment. The role involves reviewing accounting transactions, stock and production records, vendor payments, and compliance with statutory requirements.

Key Responsibilities

1. Financial & Accounts Audit

• Perform periodic audits of accounts payable, accounts receivable, general ledger, and payroll.
  
• Verify accuracy of journal entries, vouchers, invoices, and supporting documents.
  
• Ensure compliance with company policies, accounting standards, and statutory requirements.
  

2. Inventory & Production Audit

• Conduct audits of raw materials, WIP (Work in Progress), and finished goods.
  
• Cross-verify physical stock with ERP/system records.
  
• Review production consumption reports, scrap generation, and material variances.
  

3. Process & Internal Control Review

• Identify gaps/weaknesses in internal financial processes.
  
• Suggest improvements to strengthen controls and reduce financial risks.
  
• Monitor compliance with Standard Operating Procedures (SOPs).
  

4. Vendor & Procurement Audit

• Audit vendor invoices, purchase orders, GRNs, and payment processes.
  
• Check rate approvals, purchase contracts, and vendor reconciliations.
  
• Ensure adherence to procurement policies and approval hierarchies.
  

5. Statutory Compliance

• Assist in audits related to GST, TDS, PF/ESI, and other statutory requirements.
  
• Coordinate with external auditors and provide necessary documentation.
  

6. Reporting

• Prepare audit working papers, findings reports, and corrective action follow-ups.
  
• Present audit observations to management with actionable recommendations.

Preferred candidate profile