Internal Audit
- Setup Internal Audit Department from scratch and make the organization compliant under Section 138 of the companies Act and as per clause 49 of the listing agreement.
- Prepare risk based Internal Audit Plan for the whole group of companies and suggest value added recommendations through analysis of risk (potential threat) to the organization.
- Review of existing Internal Control design of the organization and suggesting ways for further improvement to the next level of controls.
- Reviewing existing policies and processes of the organization and aligned them as per best Industrial Practice.
- Perform pre audit of financial & business transactions to prevent any leakage of revenue and non compliances of local laws.
- Special focus on cost reduction (including suggestion for reduction of cost) for each function area while conducting Internal Audit.
- Specific review on working capital management, treasury operation, Inventory Management, dealership network management, production planning and controls and Supply Chain Management.
- Provide training to employees toward awareness of Internal Control process and their importance.
- Special focus to small business to make them sustainable from the potential risks.
- Provide Independent Assurance about
• Operation efficiency and effectiveness of business operation the organization.
• Internal Control over financial reporting.
• Compliances toward applicable laws effecting business.