EXPECTED END RESULTS
MAJOR ACTIVITIES
Finish Annual Internal Audits and Ad hoc Audit Committee Requests
- Lead and/or participate in internal audits assigned by the regional audit head
- Ensure alignment on results of internal audits with local leadership
- Work with external auditors to ensure audit results are reliable
Management-signed J-SOX Letters and Periodic PDCA
- Ensure J-SOX (PLC + CLC) reviews are completed and management-signed letters on results is obtained, as required by the J-SOX Committee Head (Global CFO)
- Follow up with various action owners to follow up on implementation of open audit recommendations. Help business obtain closure.
- Work with external auditors to ensure J-SOX results are reliable
Identify and Document Risk Assessment
- Interview entity MD, CFO and department heads to understand, document and identify open risks to the organization.
- Use professional skepticism using risk-based approach in determining the risks to be considered for annual audit plan.
Audit Testing and Workpapers / Meet QAIP Standard
- To extend audit testing to five biggest or 60% of value of samples with same attributes as exceptions. This will help to determine the magnitude of the financial exposure to the organization.
- Ensure audit workpapers supporting the audit findings are adequately filed and retained for regional audit head, management and for any external quality assurance review.
Consultative Services Related to Policy Creation, Process Improvements, etc.
- Be the subject matter expert in advising organization on application of and introduction of new policy to ensure compliance with local and Japanese GAAP, and other local and global Nissan policies.
4. SKILL REQUIREMENTS
- Solution-Driven Approach: Propose recommendations and solutions that are practical, easy to understand, comply with Nissan policy and help improve the overall control environment while ensuring business objectives are met.
- Risk Identification and Mitigation: Use professional scepticism in identifying inherent, control and residual risks to the organization from interviewing senior management employees. Thereafter, determine the high and medium risks that need to be included in the annual audit plan.
- Stakeholder management: Ensure all stakeholders concur and implement recommendations included in the audit report. This involves brining in change in mind-set, attitude and ironing out any resistance while ensuring everyone moves forward and mitigates any risks to business.
- Data Analytics: Obtain required information from multiple data sources and analyse it critically.
- In-depth Knowledge of Business Processes: Understand complex business processes and controls thoroughly and conduct conclusive audit testing.
- Adapt to Changing Business Environment: Provide counsel to key stakeholders on policy-related matters and help determine impact, especially in a changing business environment.
- Report Writing: Draft audit findings incorporating compelling evidence and quantification of exceptions.
5. KEY INTERACTIONS
Internal
External
Managing Director / Chief Financial Officer / Department Heads / Process Owners across various entities in the AMIEO Region: Agree on audit findings and recommendations in the audit report; provide periodic PDCA status on recommendations (including guidance on alternatives to achieve audit finding closure due to evolving business environment); provide consultative advice on policies and processes, as and when required
- Global Internal Audit: Provide audit status, J-SOX status, PDCA status, and feedback on specific topics (J-SOX controls, processes, audits)
- Other project owners in AMIEO, other regions and global, as required, to benchmark processes for audits
- Statutory auditors, tax consultants, etc.,
Chennai India