To evaluate the adequacy of effectiveness of the systems of internal accounting, administrative and operating controls over various company activities and to promote effective controls at reasonable cost.
To determine compliance with company policies and procedures. To perform audit assignment including substantive test of details and test of controls.
QUALIFICATIONS, EXPERIENCE, & SKILLS Internal Audit Plan and Execution
Prepare all required documents needed to plan & start the audit assignment i.e. Commencement Memo, Audit Planning Document (ADP), Risk & Control Matrix (RCM) and Audit Program.
Plan an efficient and effective audit approach and by defining objectives and scope, preparing audit programs to meet those objectives.
Determine audit procedures to be used including sampling method and the use of Computer Aided Audit Techniques (CAAT).
Attending and scheduling pre & post audit meetings and preparing the minutes.
Process understanding - field planning - field work - issue drafting - draft report - closing meeting minutes - finalizing audit reports.
Conducting detailed audit work by performing substantive tests of details & tests of controls.
Maintaining proper working papers file (WP)
Draw and document sound conclusions in the working paper file based on the review of internal controls and details transaction testing.
Determine if audit findings grant the need for investigation / special review.
Perform walkthroughs in order to understand current policies, procedures and practices followed, and performed controlled GAP analysis to recommend improvements. Minimum Qualifications :
Bachelor's degree in accounting, finance, or similar discipline from a reputable university.
Masters or MBA is preferred.
Audit professional qualifications, e.g. Certified Public Accountant, Chartered Accountant, Certified Internal Auditor