1 Careers File
1 Careers File
1 Careers File
2023
Telangana Southern Power Distribution Company Limited (TSSPDCL)
came into being on 02nd June 2014 after bifurcation of the erstwhile State of
Andhra Pradesh.
ii. The Firm shall carry out the Internal Audit Work at the EROs/ Division
Offices/ Circle Offices, etc., falling under the purview of the respective
Circles on a full-time basis on all working days.
Contd..
:2:
iii. Each Audit Team shall have 1 Qualified employee and 2 Audit Assistants
(not Articled Assistants /Trainees). The Partner shall monitor the
Audit assignment atleast twice a month, at the place of Audit.
iv. The Firm shall not assign or transfer the work to other Firms, etc.
v. TSSPDCL reserves the right to accept the application or not, even if the
Firm meets all conditions.
vi. Any legal dispute shall be settled within the jurisdiction of any Court in
Hyderabad.
vii. Firm shall ensure strict compliance of EPF & ESI provisions in respect of
it’s employees and give monthly proof of compliance.
GENERAL PARAMETERS: –
100% coverage of all transactions is expected. However, where due to
large volumes, 100% coverage is not possible, the quantum of coverage
vis-à-vis the total volume should be optimum. Proper sampling
techniques may be adopted in these circumstances and reported
accordingly.
Verify documentary evidence (both internal and external)
Verify that there is a proper authority for all expenditure and
transactions.
Critically review every aspect relevant to the Internal Audit area, with a
view to achieving cost savings and improved revenue earnings.
Review adequacy of MIS reports.
Verify the accuracy and authenticity of the financial accounting and
statistical records.
Endeavour for prevention and quick detection of frauds.
Check validity of transactions with reference to provisions of laws &
Statutes.
Ascertain that the standard accounting practices, internal policies &
control procedures are being adhered to.
Analyse and improve the system of internal checks, in particular, see
that it is functional, sound and economical.
Review the overall internal control system and bring material departures
and non-compliance to the notice of the Management and report
thereon. This review also generally aims at locating unnecessary and
weak controls and to suggest effective and economical controls.
Review the adequacy of documentation, filing system & record keeping.
Report on shortcomings and improvements possible in the systems &
procedures.
Report adequacy of existing Information Technology Support System
and suggest for improvement, wherever required.
GENERAL ACCOUNTING: –
TSSPDCL has implemented SAP S/4 HANA version. The Internal Auditor is
expected to be well-versed in all modules of SAP S/4 HANA version. While
conducting Internal Audit of an Office/ Unit, the Internal Auditor has to report on
the Internal Financial Controls in SAP.
The Internal Auditor has to thoroughly scrutinise the Journal Entry (JE)
Register.
REVENUE: –
TSSPDCL has implemented “Energy Billing System (EBS)” Software for LT
and HT Revenue. While conducting Internal Audit of Revenue Units, the Internal
Auditor has to report on the Internal Financial Controls in EBS. Further, the
Internal Auditor has to ensure monthly reconciliation between EBS and SAP.
The Internal Auditor has to verify all the records in Revenue Units
thoroughly to arrest the Revenue leakages /shortfalls. Further, the Internal
Auditors has to pay more attention and 100% checks shall be done for the
following –
Revenue Leakages in case of Meter Changes, CTPT Changes, Category
Changes, Load enhancements, phased demands, Multiplying Factor
(MF);
Cheque Bounce cases;
Surcharge against cheque bounce cases (up to the date of realization);
Surcharge against cheque payments till to the date of realization;
All Credit JEs;
Debit and Credit entries against Bill Stopped Services;
Collection of Burnt Meter charges against all burnt meters replaced;
Ensure all norms followed for new services releases;
Contd.. Pg.2
:2:
PURCHASE: –
Review the adequacy of floating enquiries and whether they are in line with
the Company Policy –
Review of all enquiries and quotations
Review on the basis of quotations/other price information.
Comparative price analysis
Scrutiny of purchase orders & compliance with authorization
procedures.
Review of Post facto purchase orders.
Analysis of the reasons for amendment to purchase orders.
Analysis of material rejection V/s orders placed.
Report on any cases of purchases made by the other departments
which should normally be handled directly by purchase department.
Review open purchase orders & comment on follow-up.
Review receipt of material as per scheduled dates of delivery and
penalties on party defaulting.
Report on any emergency purchases made.