Position Overview
The Head Auditor is a key leadership role responsible for overseeing and managing the auditing function within an organization. This individual plays a critical role in ensuring compliance with corporate governance, risk management and setting up the entire department.
- Develop and implement comprehensive audit plans based on a thorough understanding of the organizations objectives, operations and risk
- Design audit strategies to ensure the effective and efficient use of resources while addressing critical areas of concern.
- Conduct risk assessment to identify and prioritize areas of potential risk and non – compliance.
- Ensure accurate and timely reporting of financial information and adherence to regulatory requirements.
- Stay abreast of changes in relevant laws, regulations and industry standards.
- Ensure the organizations’ compliance with all applicable regulations and facilitate the development of compliance strategies, requirement off various laws applicable related to Trade Mark registrations, filing return.
- Monitors compliance with IFRS and company procedures.
- Ensure all revenues generated are recorded timely, accurately, properly valued, correctly classified and discrepancies are reported on a timely basis.
- Plan and execute all aspects of audit activities including risk assessment, audit planning, audit testing, control evaluation, audit reporting, work paper documentation and verification of issue / action plan closures.
- Build internal audit function within the company including coordinating a smooth transition from current externally run internal audit function.
- Assist in monthly financial close by analyzing and reviewing balance sheet accounts, and ensuring financial transactions were recorded accurately.
- Maintain system of account and keep records on all company transactions and assets.
- Work with the Directors and legal staff to prepare materials for informal hearings or further legal action.
- Assure compliance to internal/external financial reporting and local tax legislation requirements correctness of primary documents and timely communicate current tax accounting status and potential risk.
Requirements:
- A Bachelor’s / Master degree in accounting, finance with profession certifications of CA and ICWA.
- Experience in auditing, accounting or a related field is typically required. Minimum experience of 15 to 20 years. Experience in a managerial or leadership role within an audit department is essential.
- Strong leadership and management skills are crucial for an Audit Head. In-depth knowledge of auditing standards, accounting principles and regulatory requirements is essential.
- Excellent verbal and written communication skills are essential for interacting with colleagues, senior management, external auditors.
- The Audit Head should be a strategic thinker with strong problem-solving skills. He should be able to identify the issues, develop solutions and implement changes to improve the effectiveness and efficiency of the audit function.