Scope of Work

Reviewing the adequacy and effectiveness of the internal control systems of the organization.
Examining financial transactions, accounting records, supporting documentation, and the overall reliability of financial reporting.
Assessing the effectiveness of systems used for bookkeeping, inventory management, fixed asset management, and collection processes, and recommending improvements where necessary.
Conducting periodic and surprise inventory audits internally in all operational areas, including but not limited to store, restaurant operations, beverage management, and LPG management.
Reviewing procurement, payment, and revenue processes to ensure transparency, efficiency, and compliance with approved policies and procedures.
Performing tax audit and reviewing compliance with applicable tax laws and regulations, including VAT, income tax, and other statutory obligations.
Conducting Human Resources (HR) Audit, including review of recruitment procedures, payroll processes, staff benefits, attendance systems, and compliance with internal policies and labour laws.
Assisting management in drafting and reviewing necessary policy guidelines and internal control policies to strengthen governance and operational efficiency.
Assessing compliance with applicable laws, regulations, company policies, and governance requirements.
Evaluating operational efficiency, risk management practices, and identifying control weaknesses with recommendations for corrective action.
Providing periodic internal audit reports to management and/or the Board highlighting findings, risks, and recommendations.
Conducting follow-up reviews to assess the implementation status of audit recommendations.

Deliverables

Prepare a risk-based internal audit plan for approval by Board of Directors.
Conduct periodic internal audits as per the approved audit plan.
Submit detailed audit reports highlighting findings, risks, and recommendations.
Provide management letters and improvement suggestions for strengthening internal controls.