RCI: Audit Specialist

Philippines·Mandaluyongmid

Finance & AccountingAudit Specialist

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Quick Summary

Overview

Job OverviewThe Internal Auditor evaluates the effectiveness of risk management, control, and governance processes within the organization. He conducts audits across departments to ensure policies are followed, assets are safeguarded, and operations are running efficiently.

Requirements Summary

Bachelor's Degree in Accountancy, Internal Auditing, or related field Minimum of 2 years work experience in internal or external audit Preferably knowledgeable in NetSuite, SAP or other related accounting systems/ERP solutions

Technical Tools

netsuite

Job Overview

The Internal Auditor evaluates the effectiveness of risk management, control, and governance processes within the organization. He conducts audits across departments to ensure policies are followed, assets are safeguarded, and operations are running efficiently. The Internal Auditor helps identify areas of improvement and supports the organization's efforts to maintain integrity and accountability.

Duties and Responsibilities

PLANNING
- Plans and develops audit work program including audit objectives, risks, and test procedures with reference to the business objectives, processes, policies, procedures, and best practices
- Provides input in the team's plan, strategy, and execution of audit projects.
- Assists Audit Supervisor in the preparation of annual budget and audit plans.

IMPLEMENTATION AND CONTROLLING
- Conducts process and system walkthrough to understand the process, risks, and controls during an audit engagement.
- Performs risks assessment by identifying and evaluating control design of the audit project being covered. Uses industry best practices and benchmarks to evaluate the organization’s current practices. Executes and documents test procedures.
- Aligns/coordinates the following details with the process owners, department heads or line managers of the auditee unit throughout the audit engagement:
  > the audit objectives and processes, scope, timeline and deliverables
  > discussion of initial audit observations based on documented testing and analysis
  > recommends corrective actions for proper closure on issues and mitigation of identified risks
- Participates in system implementation and the development of projects from requirements through pre or post implementation reviews while assuring appropriate functionality and controls are in place and assists in improving audit processes.
- Executes or assists on fraud audits or ad hoc projects as needed.
- Monitors budgeted manhours and deadlines of the assigned audit/ automation projects to ensure that KRAs are achieved.
- Provides initial insights, clarifications, consultations and participates in the audit client's process review (if necessary) on specific business areas.

DOCUMENTATION AND REPORTING
- Organizes workpapers and documentations every after audit phase for submission to the Audit Supervisor for review.
- Updates Management Action Plans (MAPs) database/tracker. Performs follow through of pending MAPs.
- Completes audit to dos and follow up notes by Audit Supervisor, Manager, and/or Audit Head.

Qualifications

Bachelor's Degree in Accountancy, Internal Auditing, or related field
Minimum of 2 years work experience in internal or external audit
Preferably knowledgeable in NetSuite, SAP or other related accounting systems/ERP solutions