Internal Audit
Suhail Bahwan Automotive Group
Total years of experience :13 years, 0 Months
Functional / Process Audits:
• Review of Parts Procurement Process
• Review of Insurance Premium Payment Process
• Review of new vehicles, WIP vehicles delivery process
Financial Audit:
• Pre-audit of Payment Documents (All payments like Treasury, Vendor, Employee, Govt. and Cash Vouchers above RO 100 will be audited before making the payment)
• Review of G/L Accounts
• Treasury Audits
• Review of Bank Reconciliation Statement
• Review of vendor accounts
• Review of employee advances on periodic basis
• Preparation of MIS reports.
Operational / Branch Audit:
• Physical verification of Cash, New vehicles and WIP vehicles
• Review of Service Job Cards
• Performing of Infrastructure Audit
• Review of sales documentation of Sales, Service and Parts.
• Preparation of monthly Audit plan and its execution.
• Preparation of Audit Scope and Audit Program
• Preparation of Audit Report and Annexures
• Review of Purchase Orders and Approval Notes
• Make arrangements for monthly audit review meeting with Management.
• Provides suggestions and recommendations for process and system improvements (Policy amendments, System controls, SAP customization etc.).
• Branch Audit, Regional Office Audit.
• Verification of documents pertains to Fixed Deposit, Debentures and Loans.
• Fund Managements of Branches and Regions.
• Checking the correctness and reliability of books of accounts, Detection of errors and frauds
• Verification of Bank Reconciliation Statement
• Vouching of bills
• Correction of inappropriate accounting entries
• Training to branch officials regarding latest amendments of company policies and procedures, RBI rules and regulations etc.
• Preparation of Audit & Inspection Report
• Preparation of Annexures
• Making arrangements for monthly review.
• Preparation of Trial Balance and financial statements.
• Preparation/Verification of Bank Reconciliation Statement.
• Checking the accuracy of ledger posting, account heads and balancing.
• Checking the correctness of Sales Tax payment, TDS deduction as per IT Act.
• Finalization of accounts, Preparation of Return Of Income
• Make arrangement for Service Tax payments
• Income Tax return filing
• Correspondence with parties
SSLC 69% PLUS TWO 79% DEGREE 64%