Assists in planning and organizing the activities of the Internal Audit Department by:
Preparing an annual audit plan that fulfills the Department's responsibilities,
Scheduling and assigning work to meet completion dates, and
Estimating resource needs.
Performs internal controls assessment, identifies control weaknesses, and related potential control risks.
Participates in auditing within the assigned area of responsibility, maintaining strict confidentiality on all information acquired during duties.
Applies professional accounting and auditing principles and standards to test and evaluate financial records, operational systems, and information flows of the accounting process.
Supervises Internal Audit staff and develops their professional capabilities through on-the-job training.
Establishes effective working relationships with internal audit staff and personnel from other departments.
Documents and/or reviews all significant procedures of the entity, evaluating their effectiveness, efficiency, and compliance with national laws and company regulations where applicable.
Ensures the maintenance of high Departmental standards and quality of audit assignments by:
Reviewing and approving audit programs and time budgets,
Implementing policies and establishing procedures covering the scope of audits,
Reviewing and evaluating work papers of completed projects to ensure adequate documentation has been gathered and that work papers provide an adequate basis for reporting, and
Reviewing the final draft audit report to assure full and complete reporting in a professional manner prior to approval by the Manager, Internal Audit.
Conducts effective follow-up of audit findings to ensure adequacy and timeliness of correction.
Conducts opening meetings with branch managers/department heads to clarify the internal audit purpose, scope, objectives, responsibility, and authority, as well as exit meetings to ensure that the observations raised are clear and fully understood, and to obtain management responses on the report.
qualification:
Bachelors degree in accountancy/commerce /finance /audit is required.
CIA / CPA / CMA / CISA or equivalent professional designation.
