- Includes all the responsibilities of the Auditors and in addition, responsible for professional and administrative work assisting the Head, Internal Audit Department. Provides guidance, supervision, and assistance to the internal audit staff involved in performing professional-level audit work. Ensures that audits address areas of concern relative to the goals, performance objectives, and impact of a variety of economic, financial, and managerial programs in conformance with the Company’s policies and procedures or sound business practices where no policies exist. Work is reviewed for attainment of objectives through conferences and reports.
- Assists in planning and organizing the activities of the Internal Audit Department (a) preparing an annual audit plan which fulfils the responsibility of the Department, (b) scheduling and assigning work to meet completion dates, and (c) estimating resource needs.
- Supervises Internal Audit staff and develops their professional capabilities through on-the-job training.
- Establishes effective working relationships with internal audit staff and with personnel from other departments.
- Documents and/or reviews all significant procedures of the entity and evaluates their effectiveness, efficiency, compliance with the laws and regulations of the country and company’s regulations where applicable.
- Ensures maintenance of high Departmental standards and quality of audit assignments by: (a) review and approval of audit programs and time budgets, (b) implementation of policies and establishment of procedures covering the scope of audits, (c) review and evaluation of work papers of completed projects to be certain that adequate documentation has been gathered and that the work papers document and provide an adequate basis for reporting, and (d) reviews the final draft audit report to assure full and complete reporting in a professional manner prior to approval by the Manger, IA.
- Conducts effective follow-up of audit findings to ensure adequacy and timeliness of correction.
- Coordinates audit activities with other Departments to secure resources needed to evaluate programs and conduct audits.
- 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 the management responses on the report.
|
