The Director of Internal Audit is responsible for developing and executing a risk-based audit plan to evaluate, report on, and provide recommendations for enhancing the company’s key operational and financial activities, as well as its internal controls.
Qualifications and Experience
- Bachelor’s Degree in Finance/ Accounting/Auditing.
- Master’s Degree in Finance/ Accounting/ Auditing.
- Full or part qualification in any of the following: CA, CIS, CI MA or ACCA will be an added advantage.
- Membership of a recognised and relevant professional institution.
- Minimum of seven (7) years’ post qualification work experience in a similar environment of which, three (3) years should have been at a senior managerial level.
Duties and Responsibilities
- Develops the risk-based Annual Audit Plan in consultation with Management and the Audit and Risk Committee.
- Leads the creation and implementation of internal audit policies and procedures.
- Oversees the execution of the Annual Risk-Based Audit Plan, along with other special audit assignments.
- Ensures the University complies with statutory requirements, policies, procedures, and regulatory standards related to financial management.
- Analyses audit responses and verifies compliance with established rules and regulations.
- Recommending effective control and enterprise risk management strategies based on finding of various audits.
- Reviewing specific operations at the request of Management or Audit Committee.
- Liaison with external Auditors to ensure that there is adequate follow up of audit queries.
- Conducts the institution’s annual risk assessment for all functions, activities and processes.
- Prepares audit reports to support informed decision-making by management.
- Develops, assigns, monitors, and evaluates audit assignments for subordinates.
- Facilitates quarterly meetings of the Audit and Risk Committee.
- Investigates any suspected fraudulent activities within the institution and reports findings accordingly.
- Advises management on the reliability and integrity of financial and other management information systems.
