Internal Auditor

Overview

Audit

Special Projects

External Audit

Audit Team Leadership

• Propose and arrange hiring of co-source auditors, depending on workload.
• Audit planning
• Prepare audit plan:
• Prepare Internal Audit plan / work programme.
• Risk assessment and testing strategy:
• Conduct risk assessment.
• Prepare detailed risk register(s) including nature, impact and likelihood of risk concerning auditee under review, and controls identified that mitigate risks.
• Prepare detailed internal audit work programme to address risks identified, along with testing strategy, for approval by Board of Directors.
• Audit execution Implementation of testing strategy:
• Implement testing strategy to achieve objectives of audit assignment.
• Perform tests of internal controls identified during planning phase to extent documented in risk assessment.
• Use computer software that aids in performing analytical tests (CAATS).
• Working papers file and information gathered:
• Identify sufficient, factual, reliable, relevant and useful information to support test results.
• Document work done during the understanding of business of auditee under review.
• Document and confirm issues raised and auditee’s response.
• Sign off all working papers.
• Audit reporting Audit report:
• Prepare Internal Audit Control exception sheet.
• Closing meetings:
• Conduct closing meeting with auditee to discuss issues raised and recommendations proposed.
• Follow-up assignments:
• Conduct follow-up assignments to ensure proper implementation of corrective actions agreed in report.

Audit Programme

• Report internal audit results and recommendations and the progress of the annual internal audit plan each quarter to Board of Directors.
• Professional conduct and development
• Training and Counselling:
• Follow up on own individual training programme and ensure attendance on training courses.
• Performance improvement
• Obtain regular feedback from Board of Directors regarding his / her performance and how to improve.