REGULAR:

1.      Reviews and appraise the soundness, adequacy and application of accounting and operational control to promote effective control at a reasonable cost.

2.      Ascertain the extent of compliance based on existing policies and procedures,

3.      Ascertain the extent to which company assets are accounted for and safeguarded from losses of any kind;

4.      Evaluates the reliability of any data submitted to Auditing Department;

5.      Recommends revisions on existing polices and procedures for operational improvements and/or detect or prevent errors and irregularities.

6.      Complete review of findings prior to the submission of audit reports to the Executive;

7.      Test validates transactions and procedures to determine if existing policies and procedures are being complied with;

8.      Counter checks all consignment reports to determine correctness of sold-out units and outstanding balances;

9.      Monitors schedule of all field audit personnel;

10.    Conducts spot checking of audit field personnel at assigned dealers/outlets.

MONTHLY:

1.      Checks and validates all audit reports pertaining to:

-         Outstanding Consignments Inventory;

-         Consignment sold out units

QUARTERLY and ANNUALLY:

1.      Schedules physical inventory count at main warehouse and branches.