JOB PURPOSE

Perform Operational and Financial Audit in accordance with the annual audit plan to evaluate:

• The existence, adequacy and effectiveness of internal controls
• Compliance with company policies and operating procedures
• Controls on the safeguarding of assets
• Economic and efficient use of resources
• Reliability and Integrity of Information
• Accomplishment of established business objectives

KEY ACCOUNTABILITIES

Audit Plans and Programs

• Assist the Audit Manager in developing the annual audit plan by assessing the degree of risk.
• Assist in developing an audit program for each audit assignment before the commencement of the audit. This should be documented as a template in (AMS) with risks, control, and tests to be performed

Operational and Financial Audit

• Conduct internal audit assignment to evaluate adequacy and effectiveness of the system of internal control and quality of performance in carrying out assigned responsibilities in all business processes/segments.
• Review the approval process to ensure that Group policies/ procedures and delegations of authorities are complied.
• Ensure that the assets of the Group are safeguarded

Audit Reports and Records

• Documentation of audit work in the Audit Management system, which can fully support the audit findings.
• Prepare professional audit reports that clearly communicate findings, analysis, appraisals, recommendations and information concerning the activities audited.
• The audit Manager should be timely updated with key findings.
• Discuss preliminary audit findings with the concerned staff/ management to highlight the observations to management and get their concurrences.
• Assist in preparing an executive summary for each engagement and the detailed report and audit follow-up form.
• Job holder needs to assist in the follow up on the implementation of audit recommendations

Computer Assisted Audit

• Ability to extend audit coverage to a wider and more representative population using computer-based audit techniques. E.g. use of ACL.

Human Resource Development

• Achieve high professional standards of audit performance, reports and recommendations in conformity with International Standards of Internal Audit and within the Group’s policy, procedures and long-term goals.

Special Assignments

• Such consulting assignments are performed based on management requests to establish a fact or evaluate a specific situation.

Frauds, Misappropriations, etc.

• Fraud investigation should be conducted to identify the loss/exposure, control weaknesses, personnel responsible and recommendations to prevent reoccurrence.