Arjun Azariah

Key Responsibilities:

• Audit Execution:Plan and execute audit engagements, including data analysis and testing, to ensure the reliability of financial records.
• Financial Statement Review:Review financial statements and supporting documentation for accuracy and adherence to relevant accounting standards and regulations.
• Internal Control Evaluation:Evaluate internal control systems to identify weaknesses and areas for improvement, and ensure compliance with policies and procedures.
• Risk Assessment:Perform risk assessments and internal control evaluations to detect discrepancies and potential areas of risk.
• Fraud Investigation:Investigate potential fraudulent activities or financial irregularities.
• Reporting and Communication:Prepare and present audit reports to stakeholders, including management and audit committees, summarizing findings and recommendations.
• Compliance:Ensure compliance with relevant laws, regulations, and university policies.
• Collaboration:Work with internal and external auditors, as well as other university departments

Specific Duties:

• Planning and Conducting Audits:Develop audit plans and procedures, including selecting audit samples and determining the scope of audits.
  Ensure that audits are conducted in accordance with established standards and procedures.
  Supervise and guide junior auditors in conducting audit tasks.
• Financial Record Review:
• Thoroughly examine financial records to ensure their accuracy and completeness.
• Verify the correctness of accounting procedures and ensure compliance with financial reporting standards.
• Other Duties:
• Prepare balance sheets and audit statements. Attend meetings with senior management to discuss financial findings.
• Maintain a check on processes and regulations, ensuring compliance with financial policies and regulations.
• May be responsible for drawing and disbursing funds, particularly for office expenses.
• Disposal of grievances received from retired personnel regarding salary and pension.
• Preparation of quarterly reports on audit achievements

Financial Audit:

Audit of Government Accounts:

Examine the accounts of the Union and State governments, including those related to the Consolidated Fund, Contingency Funds, and Public Accounts.

Audit of Public Sector Undertakings:

Audit the accounts of government-owned companies and corporations, as well as other bodies and authorities financed from government funds.

Audit of Receipts and Expenditure:

Verify the legality and propriety of all receipts and expenditures of the Union and State governments, as well as bodies and authorities substantially financed from government revenues.

Audit of Assets:

Audit accounts, stores, and stock, ensuring that government assets are properly accounted for and utilised.

Performance Audit:

Efficiency and Effectiveness:

Assess the extent to which government programs and activities are operated economically, efficiently, and effectively.

• Value for Money:Examine whether government spending is yielding the desired results and ensuring that public resources are used effectively.
• Other Duties:
• Reporting:Audit officers prepare reports on their findings, which are then presented to Parliament or State Legislatures, as appropriate.
• Collaboration:Work closely with other audit teams and departments, ensuring that audits are conducted effectively and efficiently.
• Compliance:Ensure that government entities comply with the Constitution, relevant Acts, and the Regulations of the CAG.
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• Guidance:Provide guidance and advice to government officials on matters related to financial management and accountability

Audit and Review:

Conducting audits:

Directly participate in auditing government departments, ministries, and other organisations.

Examining financial records:

Review financial statements, transaction records, and other documents to verify their accuracy and compliance with regulations.

Identifying irregularities:

Look for inconsistencies, discrepancies, or potential fraud in financial data, which may indicate non-compliance with rules or procedures.

Preparing audit reports:

Document their findings and prepare reports that highlight any irregularities or areas for improvement.

• Analyzed data and findings to prepare reports detailing financial information.
• Maintained confidentiality, handling sensitive information discreetly throughout all stages of the audit process.
• Performed observations and evaluated supporting documents to supplement audit findings.
• Provided detailed documentation on audit findings, facilitating swift corrective action when necessary.
• Conducted risk assessments to determine areas requiring increased focus during subsequent audits.
• Managed multiple concurrent audit engagements, prioritizing tasks to meet deadlines without compromising quality.
• Streamlined audit processes, improving efficiency and reducing time spent on each audit engagement.
• Ensured compliance with regulatory requirements by performing regular audits and staying up-to-date on industry standards.