Policies & Procedures
- Oversee the audit function for the organization and develop annual audit plan based on comprehensive risk assessment, including risks identified by the Audit Committee and Management.
- Formulation of sound policies for effective audit process
- Establish and communicate the scope and objectives for the audit to appropriate management
Audit
- Plan and conduct audits to assess controls, operational efficiencies and compliance with selected policies, procedures and regulations including any special task/ projects, as requested by the Audit Committee and/or Management.
- Resolve audit problems that occur and develop modifications to coverage and schedule.
- Manage all audits to evaluate whether the policies and processes are designed and operating effectively and provide recommendations for improvement.
- Perform special investigations as requested by the management
Audit Findings &Recommendations
- Present the audit findings and recommend business improvements in critical areas to increase efficiency and/or effectiveness of the control systems of functions reviewed to the management.
- To follow up on audit recommendations with the concerned personnel to ensure that effective remedial action is taken.
- Conduct periodic training workshops to promote awareness of internal controls and to discuss changes in policies that will impact the system flow of information.
- Participate in various committees or task forces geared to policy/procedure development and operational improvements.
- Supervise and guide staff in support of the organization mission and audit initiatives.
- Coordination with External Auditors
- Liaise with various audit firms to carry out audits in a smooth manner.
- Assist external auditors as appropriate. Assist in coordinating the response to audit findings and recommendations
Market Intelligence
- Research and keep abreast of legislative issues, new audit regulations/trends and audit methodology. Discuss updates of new regulations with management
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