CA_Industrial trainee_Audit

About Lowes

Lowes is a FORTUNE 100 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 billion, Lowes operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowes supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Lowes.com.

Lowes India, the Global Capability Center of Lowes Companies Inc., is a hub for driving our technology, business, analytics, and shared services strategy. Based in Bengaluru with over 4,500 associates, it powers innovations across omnichannel retail, AI/ML, enterprise architecture, supply chain, and customer experience. From supporting and launching homegrown solutions to fostering innovation through its Catalyze platform, Lowes India plays a pivotal role in transforming home improvement retail while upholding strong commitment to social impact and sustainability. For more information, visit Lowes India

About the Team

Internal Audit is an independent assurance/advisory function reporting functionally to the audit committee of the Board and administratively to the Finance function(CFO). IA is responsible for planning, executing, and reporting operational, compliance, financial, and technology audits.

Job Summary:

This role will assist the Lead Auditors in conducting Operational Audits. For Operational Audits, Internal Audit at Lowe's focuses primarily on value-add, operational audits with high visibility to Lowe's Leadership. The primary purpose of this role is to work closely with the Lead Auditors and project teams by assisting in planning, developing and executing of audit testing. Additionally, the Trainee Auditor will prepare inputs to written communication and deliverables for audit engagements involving the use of data analytic skills, process analysis, and critical thinking. Overall, this role will assist in audits that evaluate the effectiveness of internal controls established to manage Lowe's most significant risks.

Roles & Responsibilities:

Core Responsibilities:

• Assists with Internal Audits oversight role in the Company's SOX 404 assessment, including SOX program planning activities, performing independent SOX testing, reviewing managements testing, and driving SOX-related administrative activities such as reporting of internal controls over financial reporting.
• Identifies and documents aspects of the organization's systems and processes that do not comply with regulations,
• laws, and standards or do not comply with the organization's policies and operating procedures
• Assist in identifying key risks, develops process mapping and conducts testing for in-scope controls.
• Collects preliminary data and conducts analysis and assists Lead and Senior Auditor in detecting deficient controls, inefficiencies, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies
• Performs data analysis to deliver valuable insights to management, when applicable
• Assists Lead/Senior Auditor in the detailed report and summarization of audit findings
• Provides support for coordinating with the client and management to ensure project timelines are met
• Organizes resources, information, and significant findings from root cause, risk exposure, and management analysis.
• Responsible for work paper standards.
• Participates in rotational committee work such as internal quality reviews, issue follow up and training coordination to gain extensive knowledge and experience in key audit functional areas

Years of Experience:

• 0-2 years(Full Time)

Education Qualification & Certifications (optional)

Required Minimum Qualifications:

• Industrial trainee Eligibility as per current ICAI guidelines

Skill Set Required

Primary Skills (must have)

• Internal Audit

Secondary Skills (desired)

• Accounting / statutory audit