CA - Internal Audit

Key Responsibilities:-

1. Internal Audit Function Ownership (Group Level)

• To Independently manage and drive the Internal Audit function across the group.

• To develop and execute a comprehensive risk-based annual audit plan covering stores and corporate functions.

• To ensure audit coverage aligns with business expansion, risk exposure, and regulatory requirements.

• To institutionalize governance frameworks suitable for a listed entity environment.

• To ensure independence, objectivity, and high-quality audit documentation standards.

2. Coordination with Internal Audit Firms / Big 4

• To Independently work closely with appointed Internal Audit Firms / Big 4 advisors on:

o Store operational audits

o Functional audits

o IFC/ICFR testing

• To review and challenge audit scope, testing methodology, and observations to ensure depth and relevance.

• To ensure timely closure of audit findings through structured follow-ups with business stakeholders.

• To act as managements central coordination point for all internal audit engagements.

• To validate the quality of audit reports before submission to senior leadership and the Audit Committee.

3. Store & Franchise Audit Leadership

• To independently design and implement a risk-based annual internal audit plan covering COCO and FOFO store formats.

• To independently ensure comprehensive coverage of:

o Revenue assurance

o Cash handling & bank deposit controls

o COGS & Inventory management & shrinkage control

o Vendor payments & procurement compliance

o Guest experience & operational SOP adherence

o Food safety, quality compliance & statutory regulations

• To leverage data analytics and POS reports to identify anomalies, revenue leakages, discount misuse, void patterns, and refund irregularities.

• To establish strong follow-up mechanisms to ensure time-bound closure of audit observations.

• To escalate high-risk findings to senior management with clear mitigation plans.

4. Functional & Corporate Audits

• To Independently lead end-to-end internal audits across corporate functions including Finance, HR,

Operations, SCM, Procurement, Projects, BD, Marketing, IT, etc.

• To evaluate design and operating effectiveness of controls across financial and operational processes.

• To develop and continuously update Risk Control Matrices (RCMs) aligned with IFC / ICFR requirements.

• To strengthen policies, SOPs, delegation matrices, and process documentation.

• To conduct surprise audits and thematic reviews based on emerging risk areas.

5. Special Projects – Risk Assessment & Advisory

• To identify financial, operational, compliance, and reputational risks in new initiatives.

• To provide pre-implementation risk advisory to management to mitigate potential exposure.

• To review capital projects and large contracts from governance and internal control perspective

6. IPO Readiness & Audit Committee Governance

• To Independently build and institutionalise IPO-grade internal controls and governance structures.

• To Independently ensure alignment with SEBI (LODR) and listed entity internal audit requirements.

• To Independently prepare structured quarterly Internal Audit reports for Audit Committee and Board review.

• To lead quarterly Internal Audit presentations before Audit Committee members post-listing.

• To track closure of Audit Committee action points and ensure accountability across departments.

• To maintain formal documentation and compliance trail for governance reviews.

7. IFC / ICFR & SOX-Style Framework

• To oversee and ensure regular testing and documentation of IFC / ICFR controls.

• To Identify control deficiencies and ensure timely remediation.

• To Coordinate with statutory auditors for annual IFC reporting.

• To Continuously strengthen financial reporting controls in line with listed company standards.

8. Enterprise Risk Management (ERM)

• To develop and maintain enterprise risk registers and heat maps.

• To ensure periodically update leadership and Board on evolving risks around ERP

• To integrate ERM with internal audit planning process.

9. Risk Assurance & Value Creation

• To recommend automation, process optimization, and control enhancements.

• To present concise, high-impact audit reports to senior leadership.

• To act as a trusted governance advisor to Senior finance team & executive management.

Ideal Candidate

Qualification

• Chartered Accountant (CA) – Mandatory

Experience

• 6–8 years in Internal Audit / Risk / Controls / Big 4 Assurance

• Strong exposure to multi-location QSR / Retail / FMCG operations

• Experience in working closely with Big 4 / external internal audit firms

• Exposure to IPO readiness or listed company governance preferred

• Hands-on experience in IFC / ICFR / SOX-style frameworks

• Strong understanding of Ind AS and statutory audit interface

Key Competencies

• Strong Board-facing maturity and presentation skills

• Ability to independently lead governance conversations

• Strong analytical and data-driven mindset

• High integrity and professional skepticism

• Capability to manage scale and complexity across 1,000+ stores