Internal Audit Consultant Job in Kenya

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. 

This will help the Organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

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;
  1. 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.
  2. Monitor and facilitate  compliance with existing laws, rules and regulation
  3. 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
  • 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

  • University Degree
  • Certified/Chartered Public Account
  • Certified Internal Auditor
  • CISA will be an added advantage
  • Two years of internal audit experience

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