PROCESS AUDIT - F&A, PROCUREMENT, OPERATIONS AND ASSETS MANAGEMENT

Listing various processes involved in

• Finance & Accounting activity
• Procurement
• Operations
• Fixed Assets management
• Documentation and filing

Listing down every procedure and steps to do the above processes

Audit methodology

• Mostly monthly audit of processes and procedures the transactions of preceding month during the first week of the subsequent month
• Reporting deviations in processes
• Corrective measures and training on them
• Starting next month audit with implementation of corrections of previous month suggestions and reporting the same

Direct reports to management for decisions and discussions

ERP evaluation - If the entity has an ERP already (whether bought-out or self-developed)

• Evaluation and complete audit of existing ERP system
• Evaluation of current processes and preparing business process documentation of the entity with clear workflows and approval metrics
• Mapping the current ERP with the above and list down the deviations and further amendments needed to match the real need of the entity
• Coordination with the ERP team to ensure the amendments are implemented, tested and team is trained accordingly

ERP implementation afresh

• Evaluation of current processes and preparing a detailed business process documentation of the entity with clear workflows and approval metrics
• Using the business process documentation for deciding the new ERP
• Evaluation of various ERP solutions and deciding the apt one for the entity
• implementing the same from the functional side in coordination with the tech team