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Finance and Accounts · Mid level

Audit Executive job description

An Audit Executive carries out audit checks and transaction testing under the internal audit team. They verify vouchers, controls and compliance at branches, stores and departments, and record what they find. The role reports to the Internal Audit Manager and is often an early step in an audit career. A good Audit Executive tests thoroughly, keeps clean working papers and spots the errors and gaps that matter, without getting lost in trivial exceptions.

DetailFor this role
DepartmentFinance and Accounts
LevelMid level
Reports toInternal Audit Manager
Direct reportsNone
Experience1 to 3 years in audit or accounts

Audit Executive job description template

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Job title: Audit Executive

Department: Finance and Accounts

Reports to: Internal Audit Manager

Location: [City], [office, branch or site]

About the role

An Audit Executive carries out audit checks and transaction testing under the internal audit team. They verify vouchers, controls and compliance at branches, stores and departments, and record what they find. The role reports to the Internal Audit Manager and is often an early step in an audit career. A good Audit Executive tests thoroughly, keeps clean working papers and spots the errors and gaps that matter, without getting lost in trivial exceptions.

Key responsibilities

  • Carry out transaction testing and voucher checks for assigned audit areas.
  • Verify approvals, limits and compliance with company policy on samples.
  • Perform concurrent and routine audits at branches, stores or departments.
  • Collect evidence and record observations in structured working papers.
  • Check statutory and tax compliance on sampled transactions during each audit.
  • Reconcile records and flag differences and control gaps found.
  • Follow up on previous audit points and check whether they are fixed.
  • Prepare draft observation notes for the audit manager to review.
  • Support stock and cash counts and asset verification during audits.
  • Coordinate with auditees to get records and explanations on time.

Requirements

  • B.Com, M.Com or CA Inter
  • Basic knowledge of controls and audit
  • Article ship experience is an advantage
  • 1 to 3 years in audit or accounts

KRAs and KPIs for a Audit Executive

Key result areas for the appraisal form, each with a KPI you can measure every month or quarter.

Key result areaHow to measure it
Testing coverageAssigned samples and checks completed within the audit timeline every time
Working papersWorking papers complete and evidence attached for every observation raised
Finding qualityObservations stand up to manager review with under 10 percent dropped as invalid
Follow upPrevious audit points rechecked and status updated within the assigned audit
TurnaroundDraft notes submitted to the manager within the agreed days after field work

Skills and tools

Transaction testingVoucher verificationCompliance checkingWorking paper preparationReconciliationMS ExcelObservation writingObjectivityCoordination

Tools used day to day: MS Excel, Tally Prime, SAP, Audit checklists, IDEA or ACL basics.

Reporting line and career path

Internal Audit ManagerAudit Executive

Interview questions for a Audit Executive

  1. How do you pick a sample for testing purchase vouchers?
  2. What do you check when verifying an expense claim?
  3. How do you record an observation so the manager can act on it?
  4. You find a control that is skipped often. What do you do?
  5. How do you handle an auditee who delays giving records?
  6. How do you decide if an exception is worth reporting?

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Frequently asked questions

What does an Audit Executive do?

An Audit Executive carries out audit checks and transaction testing under the internal audit team. They verify vouchers, controls and compliance at branches and departments, collect evidence, record observations in working papers and follow up on old points. They report to the Internal Audit Manager and support stock and cash counts.

What is the difference between an Audit Executive and an Internal Auditor?

An Audit Executive mainly executes testing and routine or concurrent audits under supervision. An Internal Auditor plans and runs fuller internal audits, forms conclusions and drafts reports. The executive gathers evidence and tests samples; the auditor takes a wider view of risk and controls across a process.

What qualifications does an Audit Executive need?

Most Audit Executive roles ask for a B.Com, M.Com or CA Inter with basic knowledge of controls and audit. One to three years in audit or accounts is usual. Article ship experience with a CA firm is a strong advantage, as is comfort with Excel and an accounting system.