Lead Audit Consultant (Firms) at Menzon Nigeria Limited

Job Summary

• Menzon Limited seeks to employ Lead Audit Consultants (Firms). Successful firms would lead the audit team in carrying out revenue audit in Financial institutions, Oil and Gas (Upstream/Downstream), and Government Ministries, Department, Agencies and Parastatals.
• They shall deploy their expertise in analysing the financial processes and documents of assigned companies and MDAs to ensure the validity and legality of their financial records and ensuring completeness in the revenue remitted to relevant agencies of government.

Duties and Responsibilities

• Review statutory revenue remittances to determine shortfall or excess in amount remitted in withheld.
• Check the authenticity and validity of transactions which are done.
• Examine arithmetical accuracy of books of accounts, casting, balancing.
• Settling the current value of assets and liabilities.
• Plan and design an audit approach.
• Perform tests of controls and substantive tests of transactions.
• Perform analytical procedures and tests of details of balances.
• Complete the audit and issue an audit report.
• Meet overall objective of the audit, which is to express an opinion on the fairness with which the financial statements present fairly, in all material respects, the financial position, results of operations and cash flows in conformity with GAAP.
• By accumulating sufficient appropriate evidence for each audit objective, the overall objective is met.
• The accumulation of evidence is accomplished by performing the four phases of the audit.
• Assists in the implementation of control policies and procedures to ensure compliance and promote operational efficiency & transparency
• Conducts Internal/External Control evaluation and risk assessments to identify loopholes and areas requiring management intervention to prevent frauds, embezzlements, misappropriations, misuse, and wastage
• Conducts audit tests and investigations.
• Evaluates information security and associated risk exposures
• Coordinates and participates in periodic inventory count and fixed asset verification exercises.
• Evaluates the means of safeguarding company assets and as appropriate, verifies the existence of such assets
• Gathers data for internal audit through a variety of methods including interviews, financial research, downloads, etc
• Verifies the existence of documents vital to the operations of the various functions.
• Evaluates operations or programs to ascertain whether results are consistent with established processes, objectives, and goals and whether the operations or programs are being carried out as planned.
• Follows-up on the implementation of the audit recommendations and ensures that improvements are made to reduce the residual risks to appropriate levels

Qualification Required

• Firm must be registered with the CAC as a corporate entity to carry out this assignment.
• Promoters of the firm must have Minimum of Seven (7) years relevant years of professional practice.
• Must have an oil and gas, and financial industry experience in a similar assignment.
• The Promoters of the firm must have relevant professional certifications e.g. Institute of Internal Auditors (IIA), Institute of Chartered Accountants of Nigeria (ICAN) or Association of Certified and Chartered Accountants (ACCA), Certified Information Systems Auditor (CISA).

Desirable:

• Evidence of carrying out revenue audit in same or similar industries.
• Selected firm must have the capability to deploy field audit officers to client site for work.