Senior Internal Auditor

The role of the Senior Internal Auditor is to plan and perform the audit assignments and to supervise the various audit activities being carried out by assigned Auditors. The SIA identifies and evaluates risks associated with the Department’s processes and prepares audit plans, including audit programs and budgets. The SIA ensures that the the working papers are properly and drafts the internal audit report. 

The SIA should establish goals, performance standards and objectives for self and other subordinates. He / She ensures that duties are being carried out efficiently and professionally and in accordance with the Internal Audit Manual and the International Internal Audit Standards. He/ She perform ad hoc duties as and when requested by the Director of Internal Audit. 

 

Responsibilities

PRINCIPAL RESPONSIBILITIES:

1. Audit Charter:

• Implement Internal Audit Department Charter and ensuring that the audit work is performed as per the IA Manual and Quality standards set by IPPF.

1. Strategic Audit plan: 

• Participate in the development of the strategic audit plan for the 3 to 5 years. This will define the audit assignments to be done on yearly basis.
• Participate in the review the Strategic Audit Plan at the beginning of each year to reconfirm that risks remained the same and there have been no changes in the systems that might affect the risk assessment.

1. Annual Operational Audit Plan (AAP): 

• Participate in the development of the AAP for financial, operational, compliance, performance and information technology, detailing assignments, timeframes and resources required and submit to the Director of Internal Audit for review and approval.
• Identify significant process, develop audit objectives and prepare the risk assessment process for each audit assignment and present to the Director of Internal Audit for review and approval.

1. Audit Team Management and Development:

• May participate in the internal audit staff recruitment process.
• Assist the Director of Internal Audit in the development of proper professional 
  development for subordinate and monitor the performance of subordinates.
• Participate in setting with the individual staffs the targets and the professional 
  development plan for measuring performance.
• Allocate the assignments under the internal audit plan to respective auditors and 
  staff.
• Prepare the budget for each audit assignment and present it to the Director of 
  Internal Audit for review and approval in case of any deviation from initial time budget.
• Provide the technical expertise on any related assigned duties and responsible for 
  the updating of knowledge base and skills required for the execution of the 
  internal audit assignments on regular basis.

1. Special Projects: 

Execute special projects requested by the Director of Internal Audit 

Reporting to the Director of Internal Audit: 

• Present the findings of the internal audit assignment to the Director of Internal 
  Audit.
• Provides regular feedback to the Director of Internal Audit for the status of each 
  audit assignment.
• Conduct follow up assignments and report to the Director of Internal Audit the 
  findings on the status of implementation of the recommendations raised in the 
  final report.

OTHER RESPONSIBILITIES:

1. AUDIT PLANNING
2. Co-develop the Expectation: 

• Plan and arrange for the internal audit team planning meeting, and agree with the Director of Internal Audit on the audit approach and set the expectation for the audit assignment as per the Internal Audit Plan.
• Plan and attend the opening planning
• Prepare the minutes of audit planning meetings.

1. Risk Assessment and Testing Strategy: 

• Ensure that the risks identified are covered in the audit assignment program
• Prepare the testing strategy for the degree of testing to achieve the objectives of audit assignment and the related nature and extent of testing (substantive testing v/s detailed analytical review).
• Prepare the detailed scope letter to be communicated to the Department Head.
• Plan and direct the use of computer software that aide in performing tests (Audit Command Language (ACL)).
• Prepare the internal audit program. This includes the sampling techniques to be used.

1. Audit Team Management and Development: 

• Plan the resources required and the special skills needed to execute the specific audit plan. This is dependent on the nature and complexity of the audit assignment.
• Prepare the allocation of the resources available to each phase of the audit 
  assignment and the internal timetable schedule and budget for completing the 
  audit assignment and submit to the Director of Internal Audit for his review and 
  approval.

1. AUDIT EXECUTION 
2. Post Planning Event: 

• Agree the final risk assessment with the Director of Internal Audit and the Department Head.
• Revisit the audit program for the audit assignment to ensure proper resources are allocated, original risk assessment and testing strategy are properly developed based on the information provided during the planning phase.
• Ensuring that sufficient testing is done for the internal controls identified during the planning phase. Confirm the conclusion on the internal controls design effectiveness.

1. Audit Team Management and Development: 

Supervise the execution of the internal audit plan through discussion with the audit team

1. Working Papers File Review: 

• Ensure that sufficient documentation is done and filed for the understanding of the business process to be audited.
• Perform on the job detailed review of the working papers as and when an audit section is completed.
• Perform the detailed review and confirmation of the issues raised and the management response and recommend if the issue to be included or excluded from the final report and the reasons why.
• Review and sign off the working papers.

1. AUDIT REPORTING 
2. Reporting: 

• Prepare the draft internal audit report and ensure that issues raised and documented in the working paper file are properly excluded or included in the report.
• Identifying gaps between actual and expected performance. While all differences are noted, only significant differences are identified in the reporting phase.
• Ensure the proper wording of the report to avoid any use of inappropriate language.
• Prepare the rating and prioritization of the points identified and reported.
• Obtain and document the management comments in the report.

1. Closing Meetings and Final Report: 

• Attend the closing meeting with the Department Head to discuss the issues raised and recommendations suggested.
• Prepare the issuance the final report to the Director of Internal Audit

1. Follow up assignments: 

Conduct follow up assignments with the Department Head to ensure proper implementation of the corrective actions agreed in the report. 

1. SUPERVISION OF STAFF 

• Review the work allocation to ensure that the team assigned possesses the requisite knowledge, skills and other competencies required to complete the audit assignment.
• Provide appropriate instructions and guidelines during the execution of the audit assignment to achieve the audit objectives.
• Resolves issues with the Department under audit.

1. PROFESSIONAL CONDUCT AND DEVELOPMENT 
2. Training and Counseling: 

• Participate in the development of a training program for internal audit staff
• Ensure proper on job training is given to the staff.

1. Professional Development and Appraisals: 

• Participate in the development of a professional development plan for subordinate.
• Submit regular feedback to the Director of Internal Audit regarding the performance of his subordinate and how to improve on the area of weaknesses.

Complete the staff appraisal for each audit assignment and discuss it with the staff and agree on development measures. 

 

 

Experience

Minimum 3 years’ of experience in the Internal Audit.

Skills

1. Ability to maintain confidentiality.
2. Ability to supervise and train the subordinates.
3. Knowledge of local laws governing Oman will be an added advantage.
4. Good planning, organizational and analytical skills.
5. Leadership and Management Skills.
6. Excellent communication and computer skills.
7. Fluent in English is necessary and Arabic is added advantage.

Qualification

Master (or) Bachelor degree from an accredited university in related field. Preference will be given to candidates with the Certified Public Accountant (CPA)/ Chartered Accountants (CA) and Certified Internal Auditor (CIA) Certification in Risk Management and Assurance will be ad added advantage