Internal Auditor

Roles and responsibilities

Assist the department manager in preparing planning memorandums for each audit assignment, defining objectives and scope, holding meetings, and recording meeting minutes.
Assist the department manager in preparing and executing the audit program for each assignment.
Execute assigned audit tasks according to the approved audit program.
Conducting audit work, including tests and evaluations/Validating internal audit findings with concerned departments
Ensure compliance with all guidelines set during the execution of their tasks.
Collect, analyze, and evaluate data, and provide documentation and reports.
Archive documents and working papers related to each audit task, along with supporting evidence and documents.
Assist in preparing audit reports.
Follow up with relevant departments regarding corrective actions.
Adhere to the proper principles of internal auditing and best practices as per the standards issued by the Institute of Internal Auditors, and the requirements of the quality assurance and improvement program.
Comply with the quality assurance and improvement program requirements and implement corrective actions to improve compliance.
Perform any other tasks assigned by the IA manager.
1. Internal Control Evaluation
Assess Internal Controls: Evaluate the effectiveness of internal control systems in safeguarding assets, ensuring the accuracy of financial reporting, and promoting operational efficiency.
Identify Weaknesses: Identify potential weaknesses or gaps in internal controls and recommend improvements or corrective actions to strengthen them.
Risk Management: Assess the organization’s risk management practices, ensuring that risks are properly identified, assessed, and managed.
2. Audit Planning and Execution
Audit Planning: Develop a detailed audit plan outlining the scope, objectives, and timeline for audits. Ensure that audits cover key financial, operational, and compliance areas.
Conduct Audits: Perform audits on various departments, processes, or functions, including financial statements, operational procedures, procurement processes, and compliance with regulations.
Test Compliance: Ensure that the organization complies with relevant laws, regulations, and policies. Review adherence to financial reporting standards (e.g., GAAP, IFRS), tax regulations, and industry-specific guidelines.
3. Financial Auditing
Examine Financial Records: Review financial records and statements to ensure they are accurate, complete, and in compliance with accounting standards.
Assess Financial Transactions: Audit financial transactions to verify their legitimacy and accuracy. Identify any discrepancies, fraud, or errors in financial reporting.
Internal Reporting: Provide detailed reports on audit findings, highlighting any concerns or areas for improvement, and offer recommendations for corrective action.

Desired candidate profile

Bachelor’s degree in accounting or a related field from a recognized university

At least two years of experience in internal auditing

Preferred Professional Certificates: CME-1B , CIA , GRCP- , GRCA
Operational Auditing
Process Review: Evaluate operational procedures and processes across different departments, such as procurement, inventory management, and human resources.
Efficiency Improvement: Identify inefficiencies or wasteful practices in operations and suggest process improvements to increase productivity and reduce costs.
Compliance with Policies: Ensure that operations are conducted in accordance with company policies, procedures, and industry regulations.
Risk Assessment and Mitigation
Risk Evaluation: Identify potential risks, both financial and operational, that could impact the organization's ability to achieve its objectives or expose it to unnecessary liabilities.
Control Recommendations: Suggest controls and mitigation strategies to reduce identified risks and enhance the organization’s overall risk management framework.
Fraud Detection: Investigate any signs of fraud, corruption, or financial misconduct, and recommend measures to prevent such incidents in the future