Internal Auditor

QUALIFICATION:

Minimum CA Inter

4 years of Articleship

3-4 years of experience as Internal Auditor

JOB DUTIES:

Objectively review the organization's business processes

Evaluate the efficacy of risk management procedures that are currently in place

Protect against fraud and theft of the organization's assets

Ensure that the organization is complying with relevant laws and statutes

Make recommendations on how to improve internal controls and governance processes

Develop a thorough understanding of business processes in scope for assigned audits and document the processes in flowcharts and/or process narratives. Identify and document inherent risks and controls within the business processes Fieldwork

Develop a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology

Perform audit tests and prepare working papers in accordance with professional standards

Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives. Identify and document control and process weaknesses and provide evidential support for findings

Propose practical and value-added recommendations to address control weaknesses and/or process inefficiencies

Organize and reference work papers for review by senior management

Assist in the preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the senior management. Other

Responsibilities :

Contributes to the safeguarding of corporate assets and the interests of Members by ensuring that appropriate internal controls are in place and operating effectively

Perform consulting services for management through participation in projects designed to introduce new and/or changing processes, products or facilities. Provide value-added recommendations to mitigate risks

Conducts investigations of suspected internal fraud

Collect, co-ordinate and disseminate material for the periodic Audit Committee meetings

Conduct testing to assist External auditors with the annual financial reporting audit