Assistant Manager Internal Audit - Enabling Functions

Purpose

The job is responsible to lead the execution of audits related to specified enabling functions (i.e. Supply Chain, HR, certain Finance functions and other enabling functions). The role assesses the risks of the various processes of the entities being audited and supervises the team member along with assigning, guiding, and reviewing their work.    The objective of above job is to lead the audit team and ensure that all audit procedures defined in the audit program are effectively and efficiently executed within the planned timelines. 

Education

ACCA / Bachelors in Accounting & Finance  with 3-4 years of overall experience.

Knowledge

International Financial Reporting Standards (IFRS) International Standards of Auditing (ISAs) Sampling tools and techniques Relevant SAP T-Codes for extracting data 

Experience

ACCA Qualified with 2 years of Post Qualification Experience. 

Competencies

Area of Responsibilities

1. Planning and Risk Assessment

 
 ▪ Planning and execution of audits in line with the approved annual audit plan.

▪ To understand all the operational and business activities / processes of the Auditee department

▪ To design a strategy for effective, efficient, and timely execution of the audit

▪ To identify all the possible risks against each process of each activity.

▪ To incorporate the audit plan in e-audit software 
 

2. Audit Program Preparation 
 ▪ To design walkthrough test and test of controls in areas where controls exist

▪ To design the substantive procedures against each of the identified risks

▪ To assign the audit procedures to team members based on their competencies

▪ To identify the data set / information required to perform the analytical procedures

▪ To incorporate the audit program (planned procedures) in e-audit software 
 
3. Audit Execution  

 ▪ To coordinate with the Auditee department for the timely availability of the required information / data.                                            

▪ To coordinate with the cross department(s) and cross team(s) for the data set / information (if required)

▪ To ensure that the provided data set / information is complete, relevant and accurate

▪ To execute the work in accordance with the procedures defined in the audit program

▪ To carryout data analysis through the use of data analytic tools (e.g. MS Excel, MS Access, ACL etc.)

▪ To assign audit work procedure to the subordinating team members  

▪ To guide the team in timely execution of work assigned to them

▪ To train and guide the subordinate staff on effective utilization of e-Audit and data analytic tools.

▪ To reassess the overall risk in the light of audit findings and work performed

▪ Ensure that audit team conducted in compliance with the audit plan, audit manual and professional auditing standards in order to provide management with insights into areas of risk that are not adequately controlled and identify opportunities for process and control improvement.  

▪ To ensure all findings are backed by proper & legit evidences.

▪ Prepare the final draft of observations and submit the same to line manager. 
 
 
4. Preliminary Reporting 
 ▪ To discuss preliminary findings with auditee middle management

▪ Submit the findings to line manager for review and resolves their queries to finalize audit observations.  

▪ Determine the root cause of control gaps and deliberate with line manager and team for identifying best possible recommendation / viable solutions for process improvement. 
 

Area of Responsibility Continued