Main Function
The Internal Auditor is responsible for evaluating and improving the effectiveness of internal controls, risk management, and governance processes across all business units within the Group. This role ensures compliance with policies, procedures, and regulatory requirements, identifies operational inefficiencies, and provides recommendations for continuous improvement. The position works closely with management to safeguard the organization’s assets, enhance accountability, and maintain financial and operational integrity.
Role Responsibilities
Internal Audit Planning and Strategy
- Develop and implement a comprehensive annual audit plan aligned with the organization’s objectives.
- Identify high-risk areas and prioritize audits to address key operational and financial risks.
- Define the scope, objectives, and methodologies for individual audits.
Audit Execution and Reporting
- Conduct financial, operational, and compliance audits to assess the adequacy and effectiveness of internal controls.
- Evaluate the reliability and integrity of financial and operational information.
- Prepare detailed audit reports with findings, risks, and actionable recommendations for management.
- Present audit results to senior management and the board of directors in a clear and concise manner.
Compliance and Risk Management
- Ensure compliance with internal policies, procedures, and regulatory requirements.
- Identify and assess potential risks, fraud, or irregularities in business operations.
- Recommend and monitor the implementation of risk mitigation strategies and control improvements.
Operational and Financial Reviews
- Review business processes to identify inefficiencies, cost-saving opportunities, and areas for improvement.
- Monitor financial transactions, records, and reports to ensure accuracy and compliance.
- Conduct special audits and investigations as required by management or the board of directors.
Stakeholder Collaboration and Communication
- Collaborate with external auditors, regulatory bodies, and other stakeholders to ensure transparency and alignment.
- Work closely with department heads to address audit findings and implement corrective actions.
- Provide guidance and training to employees on compliance and internal control matters.
- Continuous Improvement and Innovation
- Stay updated on industry trends, audit practices, and regulatory changes to enhance audit methodologies.
- Promote a culture of accountability, risk awareness, and continuous improvement throughout the organization.
- Leverage technology to improve audit processes, data analysis, and reporting efficiency.
Qualifications and Requirements
Education and Certifications
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
- Professional certifications such as CIA, CPA, ACCA, or CISA are highly desirable.
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