Develop the Internal Audit Department’s annual budget and ensure all employees are working within the assigned budget by setting the required targets and responsibilities.
Oversee and approve Internal Audit’s budget, ensuring that adequate provision is made for all activities . Monitor and control expenditure against approved budget and reconcile budget variances to ensure on-target performance against budgets.
Oversee the development & implementation of the Internal Audit policies and procedures to ensure that all relevant procedural requirements are fulfilled in line with the requirements while maintaining high level of efficiency in achieving objectives.
Develop extensive long range audit programs for required areas and activities and ensure auditing activities are completed as per audit plans and programs.
Manage all audit activities of AAW while ensuring the timely identification of activities for audit coverage in order to ensure the development of comprehensive annual audit plans & programs for AAW for submission to the Audit Committee while ensuring that that all AAW’s operations are included for review in the Plan.
Ensure the implementation of developed Audit Plans & Operational Auditing Programs that are responsible for reviewing and evaluating operational efficiency of internal control systems.
Review and assess the effectiveness of internal controls to ensure the Audit Operations are in compliance with policies and procedures.
Conduct special project audit assignments, fraud investigations, and other special project duties on the operations of AAW as assigned by the Audit Committee / Top Management and ensure that all audit findings are properly maintained in a timely manner.
Develop an internal audit methodology for operational audit and implement the audit in line with the set plan and methodology across audits for all departments throughout AAW.
Conduct risk assessment of operational audit activities to identify areas of risk that have significant impact on AAW and assess the degree of risk in the activities in terms of determining to which extent assets are properly accounted for and safeguarded from losses & misuse and provide recommendations to Top Management based on identified risks in-line with professional standards.
Liaise with external auditors concerning matters of professional audit standards, resolve any outstanding audit queries to support external auditor’s assigned tasks and provide them with the required documentation to support the Audit Process.
Manage the liaison with AAW’s departments to effectively respond to internal audit requests and any internal queries in order to ensure smooth processing of all internal audit transactions and to provide value added contribution to the overall efficiency and effectiveness of AAW Review collected and analyzed data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
Ensure development of Audit reports and all audit documentation and provide feedback where necessary to ensure the Internal Audit operations are handled in a proper manner within the required timeframe.
Develop a checklist for any aspect of the work program in order to ensure a systematic and thorough verification of all parameters to be controlled.
Ensure that all technical requirements of the audit process are performed in line with the audit function guidelines. Keep abreast of legislative issues, new audit regulations / trends and audit methodology and discuss updates of new regulations with the Audit Committee and Top Management Prepare reports as required by the Manager Internal Audit such as Audit Reports, special audit assignments and audit result reports.
Perform other duties related to the job as assigned by the Direct Manager. #LI-DE1 Job Details Posted Date : 2020-06-09Job Location : Al Kuwait, KuwaitJob Role : Accounting and AuditingCompany Industry : Wholesale & Import / Export Trade Preferred Candidate Career Level : ManagementDegree : Bachelor's degree