To carry out internal audit services with a focus on review, examination, and testing of the company`s business policies, processes, internal controls, risk management, and governance as per the approved annual internal audit plan in an effective and efficient manner whilst ensuring compliance with the professional internal audit standards.
Perform full audit cycle processes including risk assessment, audit planning, and programming, audit execution, reporting, follow-up, and maintaining quality assurance of audit activities.
Assist in the development of the annual year risk-based audit plans and perform a risk assessment and identification of potential auditable areas as required by audit standards, IIA standards, COSO framework, and ISO 31000.
Execute assigned audit assignments as per approved annual audit plan, develop engagements audit planning and program, perform a detailed risk assessment to identify audit scope, objectives, and test procedures to examine internal control systems, and present developed audit plan and program to Head of Internal Audit for review and approval.
Conduct opening/closing meetings with management, discuss engagements in audit planning and program to execute the audits, discuss audit findings and ensure audit conclusions are based on a complete understanding of the process, circumstances, and risks.
Perform test procedure and process walk-throughs, document examinations, analytical reviews, reconciliations of data and transactions, and other procedures sufficient to formulate and express an opinion of internal control systems and present the results to the Head of Internal Audit.
Hold interim meetings with management, discuss audit progress, critical findings which require immediate action, and limitations to complete the audit.
Prepare draft audit reports including audit findings and recommendations, discuss with Head of Internal Audit for improvement prior to communication to respective management.
Prepare final audit reports taking into consideration management responses, recommendations, and action plan(s) whilst ensuring clear, concise, and complete audit observations have been reported.
Track and review follow-up reports and implementation of action plans.
Review developed engagements audit plans and programs by Internal Audit staff, ensuring defined audit scope, objectives and timeline are in line with the risks identified at the time of risk assessment and internal audit planning.
Review drafted audit reports by the internal audit team, ensuring alignment of audit observations, risks, and recommendations prior to discussion with management.
Review audit reports as directed by the Head of Internal Audit related to State Audit, quarterly/annual management accounts, or other external auditor reports, ensuring the accuracy of financial statements and footnote disclosures.
Perform quarterly review of FS/ management account reports, review of the balance sheet, cash flow, income statement, VAT …etc. has depth understanding of tax law, business compliance, and financial regulations.
Overseeing staff`s performance and acting as a middle-man for team support, coaching and development.
Monitoring of quality assurance and improvement program, performing periodic self-assessments or ongoing internal assessments of internal audit practices, ensuring compliance with the code of ethics and established audit policies, standards, and statutory requirements while conducting audits.
Maintain all audit-related documentation in the prescribed formats as per document control guidelines for ease of reference and retrieval.
Adhere to all relevant quality, health, safety, and environmental procedures, instructions, controls, and role-specific QHSE KPIs in order to guarantee the safety of employees, quality of products/ services, and environmental compliance.
Maintain the relationship and synergies with clients in gathering information, risk assessment, audit executions and communication, and adherence to IIA standards (IPPF) and code of ethics.