Internal Audit and Compliance Officer

As our company continues to expand its operations, we are actively searching for an  Audit & Compliance Officer to join our Audit and compliance team. The successful candidate will be responsible for conducting internal audits to assess the effectiveness of the company’s internal controls, risk management processes, and governance practices. This role involves evaluating financial and operational systems, ensuring compliance with policies and regulations, and identifying areas for improvement. The Audit Officer will work closely with various departments to ensure the accuracy and integrity of financial information and provide recommendations for enhancing efficiency and mitigating risks

Key Responsibilities:

Internal Audit Planning and Execution

 

1. Assist in developing and implementing a risk-based audit plan, including the scope, objectives, and methodology for each audit assignment.
2. Identify key risk areas and prioritize audits accordingly.
3. Conduct audits of financial and operational processes, ensuring compliance with company policies, industry regulations, and best practices.
4. Perform tests and evaluations of internal controls to determine their effectiveness.

 

Risk Assessment and Management

 

1. Identify potential risks within business processes and assess their impact on the organization.
2. Assist in developing strategies to mitigate identified risks and ensure their effective implementation.
3. Prepare and present audit reports that highlight key findings, risks, and recommendations to management and relevant stakeholders.

 

Compliance and Regulatory Audits

 

1. Ensure that the organization adheres to all relevant laws, regulations, and industry standards.
2. Conduct audits to assess compliance with legal requirements and company policies.
3. Review and evaluate the company’s adherence to internal policies and procedures, making recommendations for improvement where necessary.

 

Financial Audits

 

1. Assist in evaluating the accuracy and completeness of financial statements, ensuring that they reflect the true financial position of the company.
2. Verify the integrity of financial records and transactions, including reconciliations and supporting documentation.
3. Conduct audits of expense reports, invoices, and other financial documents to ensure accuracy, legitimacy, and compliance with company policies.

 

Operational Audits

 

1. Review operational processes and workflows to identify inefficiencies and areas for improvement.
2. Recommend changes to streamline processes, reduce costs, and enhance operational effectiveness.
3. Audit the management and utilization of company assets, ensuring proper documentation, usage, and safeguarding of assets.

 

Continuous Improvement and Training

 

1. Identify opportunities to improve the audit process, including the use of new tools, technologies, and methodologies.
2. Stay informed about industry trends and best practices in internal auditing.
3. Participate in ongoing training to enhance auditing skills and knowledge.

 

Documentation and Reporting

 

1. Maintain detailed and accurate records of audit procedures, findings, and recommendations.
2. Ensure that all audit documentation meets internal standards and can support audit conclusions.
3. Prepare comprehensive audit reports that clearly communicate findings, risks, and recommendations to management.
4. Present audit results and discuss potential improvements with relevant departments.