Job Purpose:

Candidate would be responsible to strategize and define the Internal Audit plan and review the implementation of the Annual Plan across the company and streamline the Audits to minimize disruptions/ duplications on operations. Support Group Director, IA in ensuring smooth functioning of IA department and document the IA monthly report for providing an update to leadership on IA activities and challenges

Principal Accountabilities

1. Plans audit work in accordance with audit planning procedures.

2. Have regular interactions with the statutory auditors and be informed of the financial issues observed by them. Consider the same while reviewing the annual plan on quarterly basis and propose changes to the plan in the light of accounting issues noted.

3. Prepares time budget and implements other audit time control procedures required by the policy.

4. Under the direction of Group Director, IA, is responsible for communicating audit scope and objectives, findings, conclusions to appropriate auditee management. Assures that Internal auditing policies regarding auditee communications are complied with.

5. Keeps Group Director, IA informed of any matters which could significantly affect audit objectives, scope or findings, and of the status of the audit.

6. Under the direction of group IA director, determines that the objectives and scope of assigned audits are adequate and ensures that issues have been properly considered. Oversees and approves audit planning procedures performed by the SMEs and communications with team members (in-house as well as outsourced).

7. Reviews and approves audit work-papers, and related correspondence, etc with the outsourced partner. Determines that audit work performed adequately satisfies audit objectives. Performs Internal Auditing quality assurance procedures.

8. Responsible for supervisory review and approval of audit report. Discusses audit results with management to ensure recommendations are understood, accepted and appropriate corrective action proposed. Assures that appropriate auditee response to audit reports is received. Coordinates audit follow-up and closure activities, to see that recommendations have been implemented or otherwise resolved.

9. Prepares performance evaluation on SMEs and outsourced audit partners on assigned audits. Motivates and leads staff (in-house as well as outsourced) under his/her direction. Provides information, instruction, training and supervision to the audit staff.

Nature of Work

The post-holder is responsible for supervising and controlling the work of outsourced professional auditors on concurrent and varied finance audit assignments. It requires the incumbent to have an in-depth knowledge of Telecom industry accounting policies. The position requires an ability to establish good working relationships with auditee management and to gain their confidence and respect. There must be an ability to analyse problems and present solutions that are practical and acceptable. The work will involve dealing with sensitive and confidential issues requiring both diplomacy and firmness. He/ She will have to stay current with developments in auditing, accounting standards (Indian and IFRS) both within and outside the company. It is essential to be able to understand rapidly changing audit techniques and to utilize them in the context of a changing company environment. Job Boundaries and Decision Making Under the direction of Group IA Director, is responsible for planning, controlling and reporting the results of audits within area of experience and expertise (i.e. Finance).

Decision making is required in the following main areas: -

Analyses risk and considers adequacy of audit coverage within area of responsibility. Considers additional areas for inclusion

- Determines purpose, scope and objectives of audits.

- Plans the work required to meet the audit requirements and obtains the resources needed

- Decides the optimal approach and best techniques in order to achieve the required results as effectively as possible

- Considers adequacy of systems, procedures and standards and makes suggestions for improved efficiency and effectiveness.

- Evaluates findings for inclusion in report and discusses with auditee management. Produces draft for review by Group Director, IA

- Reviews work-papers, ensuring adequate coverage, compliance with standards.

- Makes judgments on staff and outsourced partner performance, prepares formal appraisal and considers training and experience needs.

Main Working Relationships

Group IA Director – reports administratively and on audits progress.

Group Functional directors and CFO – notification of audits, coordination during audits, review of findings.

Management– has contact with auditee management at all levels throughout the business when planning and reviewing results.

Outsourced Audit staff– coordination of audit efforts, production of common standards, staffing matters.

External Auditors– contact when dealing with yearend work.