Internal Auditor at UNICANE Industries Limited

Location: Jamata Village, Lokoja LGA, Kogi 

Job Summary

• As a Internal Auditor, you will play a critical role in ensuring the accuracy and reliability of our financial statements.
• You will assist in conducting audits, identifying areas for improvement, and implementing audit recommendations.

Key Responsibilities
Audit Planning:

• Develop and implement annual internal audit plans, risk assessments, and audit programs
• Define audit scope, including areas to be audited and audit procedures
• Develop audit procedures, including test plans, sampling methods, and data analysis techniques
• Create an audit schedule, including timeline, milestones, and deadlines
• Allocate resources, including personnel, equipment, and budget

Audit Execution:

• Conduct audits, reviews, and assessments of internal controls, processes, and operations
• Execute audit plans, including conducting audit procedures and gathering evidence
• Prepare audit reports, including findings, conclusions, and recommendations
• Conduct follow-up audits or tracking to evaluate implementation of recommended corrective actions

Financial Audits:

• Verify financial transactions, such as journal entries, invoices, and payments
• Review and verify account reconciliations, including bank statements and ledger accounts
• Review and verify employee expenses, including travel expenses and other reimbursements

Asset Management Audit:

• Conduct physical verification of company assets, including fixed assets, inventory, and supplies
• Evaluate the adequacy of asset management policies and procedures
• Identify and report on any discrepancies or irregularities in asset management

Procurement Audit:

• Evaluate the procurement process, including procurement policies, procedures, and contracts
• Conduct testing of procurement transactions to ensure compliance with policies and procedures
• Identify and report on any discrepancies or irregularities in procurement

Accounts Receivable and Payable Audit:

• Evaluate the accounts receivable and payable processes, including credit policies, billing, and collection procedures
• Conduct testing of accounts receivable and payable transactions to ensure accuracy and completeness
• Identify and report on any discrepancies or irregularities in accounts receivable and payable

Compliance:

• Review company's accounting policies and procedures for compliance with GAAP
• Conduct walkthroughs of business processes to identify potential control weaknesses
• Test operational controls, such as access controls and data backups
• Monitor compliance with laws, regulations, and company policies

Risk Identification and Management:

• Identify, assess, and report on significant risks across all departments and companies withing the group
• Develop, implement, and maintain a risk management framework, policies, and procedures
• Evaluate the effectiveness of risk mitigation and control measures
• Promote risk awareness and provide training to employees on risk management principles and practices

Audit Reporting and Follow-up:

• Prepare and present audit reports, including findings, recommendations, and action plans
• Prepare management letters to communicate audit findings and recommendations
• Communicate with stakeholders, including employees, management, and external parties
• Monitor and follow up on audit recommendations to ensure implementation and effectiveness

Tax Planning and Advisory:

• Provide tax planning and advisory services to the organization
• Ensure compliance with tax laws, regulations, and filing requirements
• Identify, assess, and mitigate tax risks, including tax controversies and disputes
• Represent the organization in tax audits, disputes, and litigation

Special Investigations:

• Conduct special investigations as required to address allegations of fraud, waste, or abuse
• Gather evidence and advise on line of action