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KALHOUR TRADING Co. L.L.C

KALHOUR TRADING Co. L.L.C

Posted a year ago

The Assistant Manager / Deputy Manager Internal Audit will carry out Audit process in the units and prepare preliminary audit reports. The role will add value and improve the organization’s operations by bringing a systematic and disciplined approach to the effectiveness of risk, control, and governance processes.Draft preliminary audit plan and visit units for audit as per annual audit plan.Gather data for internal audit from various methods like interviews, financial research etc.Examine records and interview respective employees to ensure recording of transactions and compliance with laws and regulations.Collect and Analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.Examine inventory to ensure its adequacy and proper accounting.Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions (petty cash, bills, tangible assets verification etc.).Prepare detailed reports on audit findings & discuss with department heads.Identify and clearly establish audit issues with root causes, discuss them with the respective process owner, and provide effective solutions to improve internal controls and business processes.Support function in framing the audit schedule and work program based on the audit scope.Conduct follow-up audits to monitor the implementation of agreed action plans and present the status to the managerial team/head-internal audit.Support ethical compliance team on various compliance awareness and training activities.Representation of the internal audit in the wider CSR or similar initiatives and identify the opportunities to contribute to the Group’s ESG compliance.Engage in continuous knowledge development regarding the sector’s rules, regulations, best practices, tools, techniques, and performance standards.

Posted a year ago

The Manager/ Senior Manager Internal Audit will oversee scheduled audits and review tasks across Aster KSA under the supervision of the department lead, and as per the annual audit plan, on the efficient use of resources, the effectiveness of controls and ensure effectiveness of mitigating risks. The role will also support the Head of Internal Audit and Risk Compliance on transformation within the function, as well as whistle blowing investigations.Ensure compliance with policies, plans, standards, laws, and regulations that could have significant impact upon operations.Enable transformation of audit function through refreshing methodologies in line with best practices.Conduct and oversee audit assignments in line with the Internal Audit plan and within the budgeted time, adopting the best audit practices and appropriate audit techniques.Determine the documents / data to be collected based on the above review and prepare the document requirement list for conducting the preliminary review.Collect and analyze the documents received to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.Compile/review draft Internal Audit Report according to the required standards and conduct Ad-hoc projects / reviews.Inspect account books and accounting systems for efficiency, effectiveness, accuracy and use of accepted accounting procedures to record transactions under their specific head of accounts (revenue, purchase, expenses, cash and bank, bills, tangible assets verification etc.).Prepare quarterly progress reports on planned audits and implementation of corrective actions.Prepare detailed reports for the observations made along with corrective action and recommendation.Submit consolidated audit report containing relevant concerns, recommendation, risk category and severity to the Local Management Team.Follow up and ensure implementation of recommendations within the agreed timeline in consultation with the team and periodically submit implementation report / tracker.Conduct the review of reports, contracts, and other documents through MAP, Risk Register and RMC presentations.

Posted a year ago