Internal Auditor

Key and Critical Responsibilities

1 Develops auditing systems and procedures to track and verify the soundness of all financial and operational transactions.<div>2 Develops and maintains a comprehensive Audit Manual to cover financial, operational and electronic data processing risks.</div><div>3 Plans and conducts performance, operational and financial audits.</div><div>4 Develops an Annual Audit Work Plan for approval by the Audit Committee of the Board.</div><div>5 On a periodic basis, tests the efficacy of the internal controls of the companys departments relative to its stated policies and procedures and identifies business process risks.</div><div>6 Follows up with departments post-audit exercises to determine whether corrective actions have been undertaken.</div><div>7 Communicates audit findings and recommended corrective action to the Audit Committee of the Board and the Chief Executive Officer.</div><div>8 Makes recommendations, provides advice and opinions to Management to ensure compliance with accounting and operational best practices.</div><div>9 Reviews all new systems prior to implementation and makes recommendations for improvements in</div><div>risk management and process efficiency.</div><div>10 Provides assistance to the Board and/or Chief Executive Officer on special projects.</div><div>11 Liaises with the external auditors and regulators on the effectiveness of internal controls and provides the necessary assistance as required.</div><div>12 Establishes, manages and promotes the standards of the Internal Auditing Activities (IAA), e.g. discussing audit reports with departments involved prior to finalising the report, and ensures compliance with statutory requirements.</div><div>13 Achieves budget and other performance targets for the Audit Department.</div><div>14 Trains, develops, and coaches subordinates to create and maintain a high level of productivity in the department and to ensure departmental targets are achieved.</div><div><br></div>