Chief Internal Audit Officer
Job Description
- Developing an audit plan based on the organization’s risk profile and the current state of compliance with relevant laws and regulations
- Conducting audits of an organization’s financial statements or other records to ensure that they are accurate and comply with relevant laws and regulations
- Establishing procedures for planning and conducting audits, including the development of audit programs and policies
- Reviewing documentation and performing analyses to determine whether the organization’s internal controls are adequate to safeguard assets from fraud or loss
- Reviewing financial statements and identifying any potential misstatements or errors that may require further investigation
- Reviewing the organization’s policies and procedures to ensure compliance with industry standards and best practices
- Preparing reports detailing findings of an audit in order to provide evidence to management regarding any problems identified
- Recommending improvements to systems and processes to prevent errors or fraud from happening again in the future
- Developing an audit plan based on the organization’s risk profile and the current state of compliance with relevant laws and regulations
Skills
- Develop and execute the annual internal audit plan, in alignment with the company’s strategic objectives
- Lead a team of auditors in conducting audits across all business units, functions, and geographies
- Evaluate the adequacy and effectiveness of the organization’s system of internal controls
- Identify risks and control weaknesses, and make recommendations to improve risk management and internal controls
- Prepare detailed audit reports for senior management and the Audit Committee
- Ensure that all audit findings are properly followed up and remediated
- Keep abreast of new developments in accounting, financial reporting, and corporate governance, and ensure that the internal audit function is updated accordingly
- Serve as a trusted advisor to management on matters of risk and control
- Build and maintain strong relationships with key stakeholders, including the Board of Directors, Audit Committee, senior management, and external auditors
- Manage the budget for the internal audit function
- Oversee the development and implementation of an effective internal audit training program
- Perform special projects or investigations as requested by senior management or the Audit Committee
