Chief Audit Executive at Roads Agency Limpopo SOC (RAL)

MINIMUM REQUIREMENTS:

• Bachelor’s degree in Auditing/Accounting Postgraduate or Master’s Degree in Auditing/Risk Management/Management Accounting fields or a relevant equivalent qualification will be an added advantage.
• 8-10 years in accounting/auditing or related field, of which 5 years should be in a management position Registered Chartered Accountant CA(SA) or Certified Internal Auditor (CIA) All relevant legislation and regulations that govern the Public Service, including the PFMA and Treasury Regulations, the Public Service Act, the Labour Relations Act 

KEY PERFORMANCE OUTPUTS:

• Strategic oversight and Business unit planning: Develop and manage control processes and procedures associated with the formulation of the Audit plan and programme Ensure that financial and operations audits are conducted within the department in accordance with prescribed audit processes and procedures Apply a risk-based approach to setting of the Audit Plan Develop an Internal Audit strategy aligned to the business strategy Develop a strategy execution plan and implement Develop and maintain an independent relationship with clients, group leadership Monitor and evaluate the effectiveness of the internal audit system related to governance, effectiveness and efficiency of controls and operations and compliance with legislation Manage the conduct of consulting engagements within RAL to address internal audit matters Co-ordinate and compile regular reports to the CEO and, Board on all aspects of RAL audit practices.
• Governance and Compliance Advisory Services: Provide an objective advisory and assurance service and assist managers in identifying areas needing improvement to address compliance and governance issues Manage follow-up audits to assess whether agreed solutions between internal audit and management are being implemented and report deviations where required Respond to queries/ questions, through the collection of factual information and/ or presenting and elaborating on findings to substantiate outcomes Disseminate guidance and information on specific key performance areas and requirements associated with the Audit program and procedures Respond to queries/ questions, through the collection of factual information and/ or presenting and elaborating on findings to substantiate outcomes Compile reports on the results of internal audit exercises and report to the CEO and Board on audit findings and recommendations to ensure informed decision-making in audit-related matters Provide an annual holistic opinion on the effectiveness and adequacy of risk management, control, and governance processes to the organisation.
• Audit Plan, Compliance Monitoring, and Reporting: Oversee and monitor compliance with laid down financial and procurement policies and standard operating procedures Analyse accounting recordings and reconciliation sequences related to revenue and expenditure transactional activities against policy and procedures Evaluate the adequacy and capability of internal controls to identify deviations from guidelines and procedures Prepare comments and opinions on observations of specific processes, procedures, controls, and systems Manage and oversee the implementation of Audit processes to determine irregularities or non-compliance Receive Audit Committee reports and analyse the scope and nature of the investigations Formulate and check the validity of all audit methodologies using sample audits Prepare comments, opinions, and conclusions in respect of the investigation and audit findings Ensure that the status, strategy, resources, knowledge, and skills of the internal audit department are aligned and are consistent with the organisation’s objectives and governance policy.
• Management of external providers: Manage a good and professional working relationship with all external service providers Ensure the provision of proficient internal audit investigation services by service providers. Co-ordinate and manage the audit scope and plans with all service providers Analyse, report and provide advice on financial and audit dealings of RAL Review the work done and reports for quality assurance. Review and evaluate any audit reports and recommendations jointly with the Audit Committee.