•Assist Internal Audit Manager in developing and executing annual audit plan.
• Monitor the progress of audit assignments to ensure that they are completed in a timely manner.
• Contribute to the Internal Audit (IA) function by identifying risks associated with business objectives.
• Provide value-added advice and support to the departmental strategy and functionality.
• Identify control weaknesses, loopholes and recommend risk aversion measures and cost saving suggestions thereby adding value to company’s overall business objectives.
• Identify and document objectives, risk, controls, tests for all budgeted audit assignments.
• Participate in the opening meetings to explain the scope and objectives of the audit to the auditee and provide an overview of the areas proposed to be covered during the audit.
• Encourage the auditee to share any areas of concern they would like to be covered during the audit assignment.
•Develop a risk-based test plan by selecting an appropriate audit approach, test procedures, and sampling criteria based on professional judgment and defined internal audit methodology.
•Perform audit tests as per professional standards/internal audit methodology and record findings.
•Evaluate the adequacy of process design and the effectiveness of internal controls in meeting business and control objectives.
•Identify and document control and process weaknesses and provide evident support to findings.
•Propose practical and value-added recommendations to address internal control weaknesses and/or process inefficiencies.
•Organize and maintain working papers.
•Participate in closing meetings with auditee at the end of the fieldwork, providing clear explanations for identified issues and system weaknesses.
•Timely submission of drafted audit reports to the internal audit manager then sharing with the management.
•Review comments and proposed action plans received from the management.
•Assist Internal Audit Manager in the preparation of a concise and informative audit report to effectively communicate the findings, recommendations, and agreed on action plans to the divisional/senior management.
•Conduct follow up of the agreed action plans to ensure that they have been implemented as per the target implementation date committed by the audited.
•Assist Internal Audit Manager to follow up and escalate issues that have not been addressed by the auditee concerned divisional management.
•Assess the associated internal controls of suspected internal or third-party fraud as and when required by the Internal Audit Manager.