Job Vacancy: Internal Audit Consultant
Our Client intends to outsource its
internal Audit function to provide independent, objective assurance and
consulting services designed to add value and improve the organisation’s
operations.
The internal Audit function will report to the Audit Committee of the Board of Directors.
The Objective of the Internal Audit
function will include the following;
- Helping the institution to accomplish its
objectives by bringing a systematic, disciplined approach to evaluate and
improve the effectiveness of risk management, control and governance
processes.
- Monitor and facilitate compliance with
existing laws, rules and regulation
- Advice the Advisory Board and management on
the adequacy of systems, risk management and Internal controls
The scope of work will include among
others the following;
a) Risk Management and internal controls
a) Risk Management and internal controls
- Develop and implement internal auditing
policies, procedures, and program
- Develop an internal audit manual relevant to
organization’s operations
- Develop a Board Audit committee Charter.
- Determine whether the Organization’s network
of risk management, control and governance processes is adequate and
effective to ensure that Risks are appropriately identified and managed.
- Supervise, conduct, and report on the testing
and adequacy of the organization’s internal controls over financial
reporting.
- Investigate and determine causes of
irregularities, and errors.
- Recommend corrective action and suggest
improvement.
- Verify compliance to government and statutory
requirement.
- Advise top management and the Audit Committee
of the Advisory Board on audit, and internal control matters.
- Present the audit reports to the Board Audit
committee
b) Financial reporting and Financial
Management
- Ensure that the accounting and financial
management systems are reliable and effective in design and to assess the
extent to which they are being followed
- Review the efficacy, adequacy and application
of accounting, financial and operating controls and thereby ensure the
accuracy of the books of accounts;
- Verify that the system of internal checks and
controls are effective in design and operation in order to ensure the
prevention of and early detection of defalcations, frauds,
misappropriations and misapplications;
- Identify areas of significant inefficiencies
in existing systems and suggest necessary remedial measures.
- Verify that adequate records are maintained
regarding the assets created and assets acquired by the project, including
details of cost, identification and location of assets.
c) Programs’ checks
- Verify whether the operations policies are
adequate and sufficient in safeguarding the Organization’s Programs
against fraud, misappropriations and misapplications.
- Verify whether Programs are operating in
accordance with ORGANIZATION’ manuals , policies and any donor agreements
- Verify the adequacy of internal controls in safeguarding
the Program of Organization’ against loss.
2.0 Deliverables
- The consultant shall conduct three Internal
Audits in 2015 (February, June and October)
- An internal Audits report will be submitted to
the management
- Develop an audit plan
- Develop ORGANIZATION’ audit manual which
include financial and systems audits
- Develop ORGANIZATION’ Audit Charter
- Develop a ORGANIZATION’ Internal Audit
Department
Proposed Fees: KSH 8,000 day gross
Qualifications
Qualifications
- University Degree
- Certified/Chartered Public Account
- Certified Internal Auditor
- CISA will be an added advantage
- Two years of internal audit experience
Submit your Profile and CV to
themacro.enterprise@yahoo.com