Internal Audit Role - Accounting Firm

Internal Audit

Responsibilities:

Audit Planning and Execution:

- Plan and execute internal audits in accordance with established procedures and standards.

- Conduct risk assessments to identify areas of potential risk and develop audit plans to address those risks.

Financial and Operational Audits:

- Perform financial and operational audits to evaluate the effectiveness of internal controls and ensure compliance with company policies and procedures.

- Identify areas for process improvements and provide recommendations to management.

Compliance and Regulatory Reporting:

- Ensure compliance with relevant laws and regulations.

- Prepare accurate and timely regulatory reports.

Documentation and Reporting:

- Maintain comprehensive audit documentation that supports audit findings and conclusions.

- Prepare clear and concise audit reports for management, highlighting key issues and recommendations.

Collaboration:

- Work closely with cross-functional teams to understand business processes and identify areas for improvement.

- Collaborate with external auditors to provide necessary information and support during external audits.

Continuous Improvement:

- Stay abreast of industry trends, best practices, and changes in regulations to ensure audit processes remain effective and relevant.

- Proactively suggest improvements to internal control processes.

Training and Development:

- Provide training to staff on internal control concepts and audit procedures.

- Mentor and guide junior team members.