Audit Executive is responsible for overseeing and managing the organization's financial and operational activities, ensuring the accuracy of financial records, and assessing risks. They are accountable for verifying the accuracy of the organization's books and records, providing risk assessments, and promoting good financial health. Key responsibilities include evaluating risk management procedures, reviewing controls for fraud, ensuring compliance with laws and regulations, and recommending improvements to internal controls and governance processes.
Key Responsibilities:
Financial Auditing:
Examining financial statements, accounting documentation, and reports to ensure accuracy and compliance with accounting standards and regulations.
Risk Assessment:
Evaluating the efficacy of risk management procedures, identifying potential risks, and proposing mitigation strategies.
Internal Control Evaluation:
Reviewing and assessing the effectiveness of internal control systems to prevent and detect fraud, errors, and other financial irregularities.
Compliance:
Ensuring adherence to applicable laws, regulations, and internal policies, and reporting any non-compliance issues.
Audit Planning and Execution:
Developing and implementing audit plans, executing audit procedures, and documenting findings.
Reporting:
Preparing and presenting audit reports to management, audit committees, and other stakeholders, including recommendations for improvements.
Collaboration:
Working with cross-functional teams, external auditors, and other stakeholders to ensure effective communication and coordination.
Continuous Improvement:
Identifying areas for improvement in internal controls, risk management, and other processes.