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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