Audit Manager at Ajoke Group Limited

Key Responsibilities

• Supervise and coordinate the activities of the Audit Department and Audit Officers.
• Conduct regular audits of sales transactions, stock movement, cash collections, and financial records.
• Monitor Sales Representatives’ accounts, stock allocations, cash remittances, and outstanding balances to ensure prompt reconciliation.
• Ensure that all sales proceeds are properly accounted for and remitted in line with company procedures.
• Conduct routine and surprise stock audits at the warehouse, with Sales Representatives, and at customer-related locations where applicable.
• Verify stock balances, returned goods, damaged products, expired products, and inventory discrepancies.
• Review daily sales reports, invoices, receipts, delivery notes, and other relevant supporting documents for accuracy and completeness.
• Investigate cases of cash shortages, stock discrepancies, unauthorized transactions, and suspected fraud.
• Monitor compliance with approved company procedures, financial controls, and operational policies.
• Audit expenses, incentives, commissions, deductions, and other financial transactions to ensure proper authorization and accuracy.
• Reconcile audit findings with Accounts, Sales, Warehouse, and Distribution Departments.
• Prepare comprehensive audit reports highlighting discrepancies, identified risks, findings, and recommended corrective actions.
• Ensure that identified audit issues are promptly addressed and follow up on outstanding audit findings.
• Develop and strengthen internal control systems to minimize financial losses, fraud, and operational inefficiencies.
• Ensure that all company assets, stock, funds, and records are adequately safeguarded.
• Maintain proper audit documentation and records for accountability and future reference.
• Provide Management with regular reports on audit activities, financial irregularities, and control weaknesses.
• Perform other audit-related duties as assigned by Management.