Job
Description
As an Internal Auditor at Larsen & Toubro Ltd, your role will be based in the Corporate Audit Services department at the Head Office. You will be responsible for the following key responsibilities: - Audit Planning: - Develop and implement risk-based internal audit plans for project operations. - Identify key risks associated with project execution, including financial, operational, and compliance risks. - Design audit scopes, objectives, and timelines for reviewing projects. - Internal Control Evaluation: - Assess the effectiveness and efficiency of internal controls related to project activities, including procurement, budgeting, financial reporting, and resource allocation. - Identify weaknesses in controls and recommend improvements. - Project Financial Audits: - Review financial records of projects to ensure accuracy and compliance with accounting standards. - Conduct audits of project budgets, funding, cost allocation, and expenditure. - Monitor adherence to contractual obligations and project funding agreements. - Compliance and Risk Management: - Ensure that project activities comply with relevant laws, regulations, and internal policies. - Identify potential risks in project management processes and suggest strategies to mitigate them. - Conduct audits related to regulatory compliance, contract management, and external reporting requirements. - Project Performance Audits: - Evaluate the performance of projects, ensuring that objectives are being met within budget, timeline, and scope. - Review the efficiency of project resource utilization (staff, equipment, etc.). - Conduct post-implementation audits to assess the success and sustainability of projects. - Reporting and Recommendations: - Prepare audit reports with findings, conclusions, and recommendations for management. - Present audit results to project managers, senior leadership, and other stakeholders. - Follow up on audit recommendations to ensure corrective actions are implemented. - Advisory and Improvement Initiatives: - Provide consultative support to project teams to strengthen internal controls and enhance risk management strategies. - Offer insights for process improvements and opportunities for cost-saving and efficiency in project management. - Coordination and Collaboration: - Collaborate with project managers, finance teams, and other stakeholders to gather audit evidence and ensure transparency. - Work closely with external auditors where necessary, providing required documentation and insights. - Documentation and Record-Keeping: - Maintain thorough documentation of audit processes, findings, and follow-up actions. - Ensure all audit work is conducted in accordance with established standards, guidelines, and best practices. Required Skills and Qualifications: - Education: CA - Experience: Industry experience of 8-15 years in internal auditing, preferably within project-driven environments (e.g., construction, IT, engineering). - Familiarity with project management methodologies such as Agile, PRINCE2, or PMP is advantageous. Technical Skills: - Strong understanding of internal control frameworks, audit techniques, and risk management principles. - Proficient in audit software and ERP systems. - Strong knowledge of accounting standards (GAAP, IFRS) and regulatory requirements. Soft Skills: - Excellent analytical and problem-solving skills. - Strong communication and report-writing abilities. - Ability to work independently and as part of a team. - High level of integrity and ethical behavior. Key Competencies: - Risk Assessment - Financial Auditing - Compliance Auditing - Project Management Knowledge - Analytical Thinking - Communication and Reporting - Stakeholder Management Please note that this position will require travel to project sites for on-site audits for approximately 2 weeks in a month. As an Internal Auditor, you should be comfortable working in a dynamic project environment with multiple ongoing initiatives. As an Internal Auditor at Larsen & Toubro Ltd, your role will be based in the Corporate Audit Services department at the Head Office. You will be responsible for the following key responsibilities: - Audit Planning: - Develop and implement risk-based internal audit plans for project operations. - Identify key risks associated with project execution, including financial, operational, and compliance risks. - Design audit scopes, objectives, and timelines for reviewing projects. - Internal Control Evaluation: - Assess the effectiveness and efficiency of internal controls related to project activities, including procurement, budgeting, financial reporting, and resource allocation. - Identify weaknesses in controls and recommend improvements. - Project Financial Audits: - Review financial records of projects to ensure accuracy and compliance with accounting standards. - Conduct audits of project budgets, funding, cost allocation, and expend
