Internal Auditor (REF – 8405) at University of Fort Hare

MINIMUM REQUIREMENTS:

• Bachelor’s degree in Finance/Accounting or National Diploma or Degree in Internal Audit.

MINIMUM EXPERIENCE:

• At least 2 years working experience in performing operational and financial audits.

Added advantage:

• Internal Audit Technician (IAT)
• Experience in data analysis
• Worked in one of the 4 big audit firms.

DUTIES:

Strategic responsibilities

• Provide inputs for the development of risk based Annual Internal Audit Plan.
• Provide inputs for the development of the annual departmental budget.

Operational responsibilities (Planning)

• Attend team briefing meeting.
• Conduct research to obtain knowledge of the client, culture and main processes being reviewed.
• Draft and issue the notification letter.
• Participate in kick - off meeting with the client.
• Complete the preliminary survey.
• Develop business process flow for the area to be audited.
• Identify and document inherent risks and controls within the business process.
• Draft the engagement letter.
• Conduct a walkthrough to confirm the business process.
• Develop audit procedures based on the risk and controls identified.
• Propose practical and value adding recommendations to address control weaknesses and/or process inefficiencies.
• Prepare a project plan for the project to be conducted.
• Operational responsibilities (execution)
• Design working papers.
• Perform audit tests and prepare working papers in accordance with professional IIA standards and UFH IA methodology.
• Identify both positive and negative findings.
• Participate in closing meetings with client at the end of fieldwork, providing clear explanations for identified issues.
• Hold on-going update meetings with the clients during the execution of the audit.
• Drafting a communication of queries document to be sent to the client for confirmation of the findings identified.
• Address/clear all coaching notes

Operational responsibilities (reporting)

• Draft an Internal Audit Report based on the findings raised in the execution stage for submission to the Internal Audit Supervisor.
• Facilitate a meeting with the Management of the Client to discuss the findings and confirm the management comments/action plans obtained from the lower management within the client’s department.
• Complete final report.

Compile and Wrap up Audit Files

• Ensure that all stages in the file are signed off and all the workings are aligned to the final report.
• Complete a client feedback form to the client and make necessary follow-ups.
• Complete a performance review for the projects.
• Discuss the performance review with the Internal Audit Supervisor for approval.

Other responsibilities

• Review work performed by the Interns when there are Interns in the Department.
• Attend progress reporting meetings as and when requested.
• Perform other administrative work as assigned by seniors.