The Internal Auditor independently reviews and monitors company processes, records, inventory, production, purchases, sales, finance, and HR systems to identify errors, control weaknesses, wastage, financial leakage, and non-compliance, providing practical improvement recommendations to management.

Key Responsibilities

• Factory & Production Audit: Conduct regular department-wise internal audits; verify production records against actual production; check cutting, stitching, finishing, packing, and dispatch records; identify production wastage, rejection, rework, and material leakage; verify piece-rate and worker production/payment records; check line-wise and style-wise production data.
• Inventory & Store Audit: Conduct physical stock verification of fabric, trims, accessories, finished goods, and packing material; reconcile physical stock with ERP/Excel records; check material issue, return, and transfer records; identify shortage, excess, dead stock, and unauthorized usage; monitor stock control procedures.
• Purchase & Vendor Audit: Verify purchase orders, quotations, invoices, and approvals; check vendor bills against actual receipt of goods/services; review rate differences and unusual purchases; identify duplicate, excess, or unauthorized payments.
• Finance & Cash Audit: Check cash transactions, expenses, and supporting documents; verify bills, vouchers, and payment approvals; review outstanding advances and employee/vendor balances; identify financial irregularities and control weaknesses.
• HR & Payroll Audit: Verify attendance, overtime, leave, and salary records; check employee master data and payroll calculations; verify contractor/manpower bills with actual attendance; review compliance with company HR policies.
• Dispatch & Sales Audit: Verify finished goods against dispatch documents; check invoice, packing list, and dispatch quantity; verify returns, shortages, and damages; review sales/stock reconciliation where applicable.
• Compliance & SOP Audit: Ensure departments follow approved SOPs and company policies; identify deviations and prepare audit observations; follow up on corrective actions until closure.

Audit Reporting

• Prepare Daily/Weekly/Monthly Internal Audit Reports.
• Highlight critical financial, operational, and compliance risks.
• Maintain audit observation and corrective-action tracker.
• Present major findings to Management/Director.
• Conduct follow-up audits to verify corrective action.

Key Skills Required

• Strong knowledge of internal audit and control systems.
• Good knowledge of garment manufacturing processes.
• Knowledge of inventory, production, costing, and payroll.
• Strong analytical and problem-solving skills.
• Excellent Excel/MIS knowledge.
• Good documentation and reporting skills.
• Ability to identify fraud, leakage, and process gaps.
• Strong communication and coordination skills.
• Should be independent, honest, and detail-oriented.

Qualifications & Experience

• Qualification: B.Com / M.Com / CA Inter / MBA Finance / equivalent.
• Experience: 5–10 years in Internal Audit, Factory Audit, Finance Audit, or Manufacturing Audit (garment/textile manufacturing experience preferred).

Key Performance Indicators (KPIs)

• Audit plan completion %
• Number of audit observations identified
• Value of leakage/wastage identified
• Stock reconciliation accuracy
• Corrective-action closure %
• Reduction in repeated audit observations
• Fraud/irregularity detection
• Timely submission of audit reports
• Compliance with SOPs
• Improvement in internal controls

Authority

• The Internal Auditor may inspect relevant records, stock, production reports, vouchers, and departmental documents and may seek clarification from concerned employees for audit purposes.
• Internal Auditor should report facts objectively and should not directly participate in the day-to-day process being audited.