ASD: Compliance Audit at Department of Trade, Industry and Competition

REQUIREMENTS :

• B Degree (NQF 7) in Internal Audit. Completion of the General Internal Auditing learnership/ Internship. Minimum 3- 5 years’ experience in internal audit.

DUTIES :

• Planning for Compliance Audits. Develop audit scopes, engagement letters and detailed audit plans in consultation with management. Identify objectives, scope, methodology and resource requirements for each engagement. Schedule audits and coordinate planning meetings with business unit management. Supervising Internal Auditors. Allocate tasks and supervise internal auditors, review work papers for clarity, accuracy and objectivity.
• Compile draft audit reports for Deputy Director review and ensure quality of auditors’ outputs. Manage administrative functions for the team including performance management and leave oversight. On-the-job Training & Capacity Building. Upskill internal auditors on audit techniques, procedures and use of audit tools; populate skills transfer templates. Identify training and development needs and discuss development plans with auditors to strengthen capacity.
• Development of the Annual Audit Coverage Plan. Evaluate operational and strategic risk registers to identify high-risk areas for audit coverage. Engage with management to prioritize audits and determine timelines for the Three Year Rolling Strategic Plan and Annual Coverage Plan. Project Management of Compliance Audits. Provide inputs and summary documents for audit committee meetings and compile budgets for each audit.
• Plan and execute compliance audits, allocate resources and provide weekly feedback on project status including Performance Information Verification audits. Communicate Findings on Compliance Audits Compile and issue written audit reports detailing findings, risks, root causes and recommendations. Conduct meetings with line managers to resolve disagreements and request stakeholder feedback on reports.
• Data Analytics. Advise on sampling strategies or full population testing and apply data analysis techniques during audits. Compile analytical data on trends, root causes and impacts to inform the Strategic Session and audit selection. Quality Assurance & Improvement Plan. Implement and monitor the Internal Audit Directorate’s Quality Assurance and Improvement Program (QAIP). Coordinate quality assurance activities and report result quarterly to the Audit Committee