Auditor - Job Description
This is a sample job description for the post of internal auditor. It maybe that not all of the duties are relevant to your organisation, and it is likely that this job description will need to be revised to take into account your organisation's specific needs and priorities.
The purpose of this post is to:
Carry out an independent appraisal of the effectiveness of the policies, procedures and standards by which the charity's financial, physical and information resources are managed
Add value by acting as a facilitator in business risk management and carrying out value for money reviews, thereby assisting the management and the trustees of the charity in the effective discharge of their responsibilities.
Reports to: audit committee or chief executive.
Some internal auditors report to the Finance Director but it is preferable that internal audit remains independent of the finance function.
"Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation's operations. It helps and organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes." Source: Institute of Internal auditors UK and Ireland
Duties and responsibilities
To work with trustees and management to ensure a system is in place which ensures that all major risks of the charity are identified and analysed, on an annual basis
To plan, organise and carry out the internal audit function including the preparation of an audit plan which fulfils the responsibility of the department, scheduling and assigning work and estimating resource needs
To report to both the audit committee and management on the policies, programmes and activities of the department
To coordinate coverage with the external auditors and ensure that each party is not aware of the others work but also well briefed on areas of concern
To make recommendations on the systems and procedures being reviewed, report on the findings and recommendations and monitor management's response and implementation
To review and report on the accuracy, timeliness and relevance of the financial and other information that is provided for management
To work with management to ensure a system is in place which ensure that all major risks of the charity are identified and analysed, on an annual basis
To report on the value for money that the charity obtains in all its activities with special regard to economy, efficiency and effectiveness
To conduct any reviews or tasks requested by trustees, the audit committee, chief executive or finance director, provided a such reviews and tasks do not compromise the independence or objectivity of the internal audit function
To provide both management and the audit committee with an opinion on the internal controls in the charity.
To report to both the audit committee and management on the policies, programmes and activities of the department
To coordinate coverage with the external auditors and ensure that each party is not aware of the others work but also well briefed on areas of concern
To make recommendations on the systems and procedures being reviewed, report on the findings and recommendations and monitor management's response and implementation
To review and report on the accuracy, timeliness and relevance of the financial and other information that is provided for management
To work with management to ensure a system is in place which ensure that all major risks of the charity are identified and analysed, on an annual basis
To report on the value for money that the charity obtains in all its activities with special regard to economy, efficiency and effectiveness
To conduct any reviews or tasks requested by trustees, the audit committee, chief executive or finance director, provided a such reviews and tasks do not compromise the independence or objectivity of the internal audit function
To provide both management and the audit committee with an opinion on the internal controls in the charity.
A recognised professional qualification such as;
CIMA (Chartered Institute of Management Accountants)
ACA (Association of Chartered Accountants)
ACCA (Certified Chartered Accountant)
CIPFA (Public Finance Accountant)
IIA (Institute of Internal Auditors)
which implies a thorough knowledge of the principles, procedures and practices of accounting and financial records and transaction.A knowledge of audit procedures, including planning, techniques, test and sampling methods involved in conducting audits
A knowledge of computerised accounting and auditing record keeping systems
An ability to gather, analyse and evaluate facts and to prepare and present concise oral and written reports
An ability to maintain current knowledge of developments related to business matters of interest to internal audit, particularly legislation changes and developments as they affect charities, and new auditing techniques and practices
An ability to establish and retain effective working relationships with other charity staff and to communicate clearly and effectively, both orally and in writing
An understanding of and empathy with the charitable sector
An ability to work unsupervised.
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