Internal Auditor (Junior) (3024) at The South African National Roads Agency (SANRAL)

POSITION OBJECTIVE:

• The successful incumbent will support the Senior Internal Auditor and Internal Audit Manager in implementing and executing the operational plan and to provide assurance on the adequacy and effectiveness of internal controls. This will be achieved by performing value-adding, risk-based audits in accordance with the Global Internal Audits Standards, thereby supporting SANRAL in achieving its strategic and operational objectives.

MINIMUM REQUIREMENTS:

• A bachelor’s degree in Internal Auditing or equivalent at an NQF Level 7 (or an equivalent qualification, including a BCom in Accounting, BTech in Internal Audit, or BTech in Accounting).
• At least three years’ relevant internal audit experience or equivalent (external audit experience).

ADVANTAGEOUS:

• An Honours degree in Internal Auditing or equivalent at NQF Level 8 qualification
• Internal Audit Technician designation
• Certified Internal Auditor (CIA) designation or at least pass one or more parts of the CIA
• Internal or external audit experience in public entities governed by the Public Finance Management Act (PFMA)
• Internal or external audit experience in a similar environment to SANRAL (a state-owned entity)

TECHNICAL COMPETENCIES:

• Solid knowledge of report writing
• Solid experience in knowledge of PFMA and Treasury regulations.
• Solid knowledge of the Global Internal Audit standards.
• Knowledge of Risk Management/Corporate Governance/Internal Control Systems
• Knowledge of Data Analysis
• Knowledge in Project Management (ability to meet the agreed timelines)
• Knowledge of Research/Benchmarking
• Ability to learn and apply best practice frameworks e.g. COSO, etc.
• Interviewing skills. 

KEY RESPONSIBILITIES:

Under the supervision of Senior Internal Auditor / Internal Audit Manager:

Engagement Planning

• Participate in development of the 3yr rolling and annual audit plan
• Participate in development/review of the Internal audit strategy and internal audit methodology
• Obtain and analyse information from clients and environmental scanning to plan engagements
• Conduct risk and control assessment of assigned department or functional area in established/required timeline
• Conducted engagement planning phase of the audit in interns of the SANRAL internal Audit Methodology and Global Internal Audit Standards
• Use appropriate audit software and data analytical tools to effectively during the engagement planning, execution and reporting phase of the audits
• Describe objectives, scope and procedures to cover key risks.
• Drafts the engagement letters and Engagement Planning Memorandum
• Write correspondence notifying auditee being audited of schedule, assigned individual(s), source of audit, records required and other pertinent information
• Keep abreast with and applies all relevant legislative changes, standard operating procedures, methodology and guidelines.
• Ensure that the allocated work is completed within the agreed time frames.

Engagement Execution

• Execute allocated audit work (special audit requests, follow up audits and audits as per the annual audit plan) in accordance with SANRAL Internal Audit Methodology and the Global Internal audit standards
• Source relevant information required for analysis and testing
• Establish risk-based audit programmes to address audit risk
• Evaluate the suitability of internal control design and make recommendations on findings
• Conducts audit testing of specified areas and identify reportable issues and dimension of risk
• Conducts audits within the time budgets and timeline determined as per the audit plan
• Perform any other tasks as required from time to time. 

Engagement Management and Reporting

• Prepare a draft audit report to include all audit findings.
• Maintain supporting evidence to ensure that engagement results are supported by evidence.
• Provide recommendations to enhance processes and controls.

Quality of the Engagement / Audit

• Conduct audit work and ensue that the work conforms with SANRAL internal audit methodology and Global Internal Audit Standards.
• Ensure that policies, procedures and guidelines, which impact on audit quality are clearly understood, while adhering to level of internal compliance in terms of quality assurance standards (IIA) in line with Internal Audit methodology
• Maintain and recommend improved standard operation procedures for implementation
• Give inputs and improvements to audit methodology and other key documents.

Stakeholder Engagement  

• Effectively engage and communicate with auditee management.
• Present and discuss the audit findings with the client.

Administration / Other responsibilities 

• Perform any other tasks as required from time to time.