What Does An Internal Auditor Do?

WHAT DOES AN INTERNAL AUDITOR DO?

Overview Job Description Resume Cover Letter Skills Roles

Published: Oct 14, 2025 - The Internal Auditor executes audit plans and implements departmental audit tasks in accordance with approved objectives, timelines, and professional standards. This role involves conducting field inspections, verifying records for accuracy and compliance, analyzing findings to identify control weaknesses, and preparing comprehensive audit reports with actionable recommendations. The Auditor also monitors compliance, supports risk management and process improvement initiatives, and performs follow-up audits to ensure effective implementation of corrective measures.

A Review of Professional Skills and Functions for Internal Auditor

1. Internal Auditor Overview

Process Analysis: Analyze and document business process flows and related control documentation.
Control Testing: Perform fieldwork to test internal controls as part of the SOX process and document work.
Audit Execution: Perform audit program steps to meet audit project objectives and document work.
Technical Understanding: Understand the technology supporting business processes.
Risk Assessment: Identify and assess risks and evaluate key control activities within business processes.
Operational Improvement: Identify and assist in developing recommendations to enhance operational efficiencies or control effectiveness.
Project Support: Assist with other special projects and various administrative tasks as they may arise.
Organizational Awareness: Develop an understanding of the organization as a whole, and specifically its key business processes.
Relationship Building: Develop and foster strong professional relationships within the company.
Departmental Credibility: Build the department’s standing and credibility throughout the organization.
Continuous Improvement: Take a proactive role in departmental continuous improvement initiatives.

2. Internal Auditor Job Description

Audit Execution: Conduct financial, compliance, and operational audits to assess the effectiveness of internal controls and adherence to SOX requirements.
Team Collaboration: Collaborate with the Internal Audit team to execute assigned audit projects efficiently.
Risk Evaluation: Perform detailed testing in key risk areas to evaluate the accuracy and reliability of financial and operational data.
Findings Analysis: Analyze audit findings to identify control weaknesses and process improvement opportunities.
Reporting Preparation: Prepare clear summaries of testing results and communicate them promptly to management.
Data Verification: Gather and verify relevant data, surveys, and supporting documentation required for audit procedures.
Stakeholder Engagement: Engage with NSOs and business units to ensure the timely provision of information and clarification of audit issues.
Report Drafting: Draft well-structured reports outlining key findings and actionable recommendations for improvement.
Report Contribution: Contribute to the preparation of final Internal Audit reports by ensuring accuracy and completeness of content.
Audit Planning: Coordinate and plan audit assignments to align with departmental priorities and timelines.
Progress Tracking: Track progress of ongoing audits to support timely completion and effective reporting.

3. Internal Auditor Functions

Safety Compliance: Promote a strong safety culture by ensuring full compliance with all Health and Safety requirements.
Audit Execution: Conduct internal audits in line with the established audit schedule and perform additional audits.
Operational Coverage: Ensure audit coverage includes all operational patterns, such as evenings and weekends.
Incident Investigation: Carry out investigations thoroughly to determine the root causes of non-compliance.
Documentation: Document investigation outcomes clearly and recommend preventive measures.
Non-Conformance Management: Oversee the effective closeout of non-conformances identified during audits or investigations.
Corrective Action Monitoring: Monitor corrective actions to confirm their implementation and long-term effectiveness.
Process Evaluation: Identify weaknesses or inefficiencies in existing procedures and operational processes.
Corrective Action Implementation: Develop and execute corrective actions that address the underlying causes of identified issues.
Change Communication: Communicate procedural changes promptly and effectively to all relevant stakeholders.
Team Collaboration: Foster strong working relationships with production teams to support collaboration and compliance.
Continuous Improvement: Continuously review and enhance existing practices to promote operational excellence and safety improvement.

4. Internal Auditor Accountabilities

Framework Development: Develop and implement a comprehensive Group Internal Control framework and methodology across all entities.
Framework Implementation: Ensure consistent rollout of the framework to maintain alignment and accountability within the Group.
Process Optimization: Review existing processes to identify opportunities for optimization and standardization.
Process Documentation: Document all processes and controls thoroughly to enhance transparency and audit readiness.
Audit Leadership: Lead internal audit engagements from planning through execution to reporting, ensuring adherence to professional standards.
Control Improvement: Identify control deficiencies and propose practical recommendations for improvement.
Action Collaboration: Collaborate with management to implement corrective actions addressing identified weaknesses.
Methodology Enhancement: Continuously refine the internal audit methodology to enhance efficiency and effectiveness.
Training Material Management: Update work instructions, content, and training materials to reflect evolving audit requirements.
Professional Development: Support the professional development of employees and stakeholders through structured training initiatives.
Regulatory Compliance: Prepare relevant transfer pricing documentation in collaboration with external advisors to ensure compliance with regulatory standards.

5. Internal Auditor Job Summary

Audit Planning: Determine risk-based audit plans.
Engagement Execution: Conduct assigned internal audit engagements successfully from beginning to end.
Issue Identification: Identify and communicate issues raised, offering recommended solutions relevant to business and risk.
Conclusion Validation: Ensure audit conclusions are based on a complete understanding of the process, circumstances, and risk.
Program Development: Develop audit programs and testing procedures relevant to risk and test objectives.
Evidence Review: Obtain and review evidence, ensuring audit conclusions are well-documented.
Standards Compliance: Ensure adherence at all times to all applicable department and professional standards.
Task Communication: Communicate assigned tasks to the engagement team in a clear and concise manner, ensuring high-quality, accurate, and efficient results.
Work Organization: Organize personal effort to be risk-based, productive, and efficient at all times.
Professional Growth: Ensure adequate focus on personal professional growth relevant to taking on more challenging assignments in line with standard audit career progression.

6. Internal Auditor Responsibilities

Audit Execution: Execute operational audits independently across all business areas and processes with a focus on the APAC region.
Risk Management: Control business risks to ensure effective risk management.
Control Evaluation: Evaluate the effectiveness of the internal control system.
Regulatory Compliance: Ensure fulfillment of all relevant regulatory requirements.
Process Improvement: Identify process optimizations, potential risks, and additional areas for improvement.
Audit Reporting: Summarize audit results in compliance with established quality requirements.
Findings Presentation: Present audit findings and recommendations to local management.
Process Consultation: Consult management on the development and improvement of internal processes and organizational structures.
Recommendation Monitoring: Monitor the implementation of audit recommendations to ensure timely completion.
Stakeholder Support: Serve as a competent contact person for internal departments on audit-related questions and develop practical, solution-oriented guidance.

7. Internal Auditor Details

Receipt Management: Be responsible for the posting of receipts on the Hotel's computer system.
Invoice Reconciliation: Regularise any incoherence that may arise on an invoice.
Sales Allocation: Ensure the correct allocation of sales according to the accounting plan.
Tax Recording: Ensure that VAT is correctly recorded in the accounts.
Tax Relief Processing: Recapitulate requests for withholding tax relief submitted by recognized international organizations.
Bank Reconciliation: Check bank statements and reconcile them monthly.
Revenue Verification: Verify the amounts invoiced for banquets with the Banquet and Conference Department forecasts and with the kitchen and bar preparation functions.
Department Auditing: Audit the various departments of the hotel upon request of superiors.
Professional Development: Proactively seek relevant education and training opportunities.

8. Internal Auditor Duties

Audit Delivery: Undertake and deliver a portfolio of internal audit assignments and quality review activities from start to finish as part of the in-house Internal Audit plan.
Scope Agreement: Agree on the scope of activities with relevant stakeholders and the Internal Audit Manager or Head of Risk Management and Internal Audit.
Audit Management: Plan, perform, and manage audits to a successful conclusion.
Control Assessment: Identify areas of control weakness or non-compliance within the control framework and propose effective solutions to reduce risk exposure.
Reporting: Produce internal audit reports that educate others on improving the control framework.
Risk Collaboration: Collaborate with stakeholders to identify ways to manage risk successfully and enhance quality through first- or second-line activities.
Risk Escalation: Identify and escalate risks while working with stakeholders to develop robust controls and monitoring mechanisms.
Process Improvement: Identify opportunities to measure and improve process quality and enhance the performance of those involved.
Ad Hoc Projects: Perform other ad hoc projects.

9. Internal Auditor Details and Accountabilities

Organizational Understanding: Develop a thorough understanding of the organization’s operations and associated inherent risks.
Risk Identification: Identify key risks linked to specific entities, functions, or processes under review.
Audit Design: Design an appropriate audit approach to ensure that significant risks are effectively mitigated.
Control Testing: Perform detailed testing to confirm the adequacy and operating effectiveness of internal controls.
Process Risk Assessment: Assess risks that may result from inefficient, incomplete, or missing processes and procedures.
Policy Compliance: Ensure corporate policies and procedures are consistently applied throughout the organization.
Regulatory Evaluation: Evaluate compliance with internal standards and regulatory requirements.
Control Enhancement: Provide clear, value-added recommendations that strengthen controls and improve performance.
Knowledge Sharing: Promote the exchange of insights and successful practices across departments and regions.
Framework Improvement: Contribute to the continuous enhancement of the organization’s risk management and control framework.

10. Internal Auditor Tasks

Internal Auditing: Conduct regular internal audits for the ISO-certified Business Management System and Cyber Essentials Plus framework.
Standards Compliance: Ensure audits are performed in accordance with certification and regulatory standards.
Audit Monitoring: Monitor the ongoing audit cycle program to confirm its relevance, accuracy, and effectiveness.
Assurance Delivery: Provide objective and independent assurance on compliance, legality, and certification validity.
Expert Consultation: Offer expert advice to support continuous alignment with ISO and Cyber Essentials Plus requirements.
Report Preparation: Prepare and submit comprehensive audit reports detailing findings and recommendations.
Summary Reporting: Develop clear summary reports highlighting key issues and overall audit outcomes.
Non-Conformity Recording: Record all non-conformities accurately in the designated tracking system.
Corrective Action Management: Assign corrective actions to responsible parties and ensure accountability for resolution.
Progress Tracking: Track and monitor progress through structured action plans until all issues are fully closed.
Management Reporting: Deliver timely progress updates to management to maintain transparency and drive continuous improvement.

11. Internal Auditor Roles

Audit Lifecycle Management: Participate in the full lifecycle of audits, from initial planning to final reporting.
Scope Definition: Define the audit scope and develop an appropriate testing strategy to address identified risks.
Testing Execution: Execute audit testing procedures efficiently and document results accurately.
Reporting: Summarize audit findings and prepare comprehensive reports for management review.
Data Analysis: Analyze processed data to detect patterns, trends, and anomalies requiring further investigation.
Issue Investigation: Investigate exceptional items to understand underlying causes and potential control weaknesses.
Communication: Communicate audit objectives, progress, and results effectively to management and staff.
Governance Promotion: Promote understanding of the internal audit’s role in adding value and strengthening governance.
Standards Adherence: Adhere consistently to established internal audit methodologies and quality standards.
Process Improvement: Contribute to the continuous improvement of internal audit processes and practices.
Cross-Functional Engagement: Engage in cross-departmental working groups such as Methodology, People, Data Analytics, and CSR to support organizational development.

12. Internal Auditor Additional Details

Risk Assessment: Participate in risk assessments and contribute to the development of audit planning activities.
Audit Assistance: Assist senior auditors in conducting internal audits to verify and enhance the company’s financial reporting, compliance, and operational controls.
SOX Compliance: Assist in performing audits of internal controls over financial reporting in accordance with SOX requirements.
Audit Communication: Communicate effectively with management and audit subjects to ensure transparency and collaboration during the audit process.
IT Collaboration: Coordinate and collaborate with IT auditors to integrate technology-focused controls into audit procedures.
Documentation: Prepare detailed work papers to document testing procedures, results, and conclusions.
Engagement Support: Contribute to audit planning, execution, and reporting for assigned audit engagements.
Follow-Up Monitoring: Follow up with management to ensure the timely resolution of open audit recommendations.
External Audit Support: Assist external auditors in supporting their review and reporting processes.
Professional Development: Stay current on industry developments and maintain professional certifications through continuing education.

13. Internal Auditor Essential Functions

Audit Participation: Participate actively in both planned and ad-hoc audit projects across regional entities as directed by the Audit Manager.
Audit Execution: Contribute to the execution of audits by assessing operational, financial, and compliance processes.
Reporting: Prepare clear and comprehensive audit reports summarizing findings and recommendations.
Action Monitoring: Monitor the implementation of agreed action plans to ensure the timely resolution of identified issues.
Quality Review: Conduct regular quality reviews of operational activities to assess efficiency and control effectiveness.
Risk Identification: Identify and report potential management risks based on observed process weaknesses.
Ad-Hoc Review: Initiate and define the scope of ad-hoc audit reviews in response to emerging risks or reported concerns.
Follow-Up Review: Perform follow-up reviews on significant findings from previous audits to evaluate progress and remediation.
Process Analysis: Analyze financial and operational processes at the company and customer entities using a risk-based methodology.
Policy Compliance: Ensure all audit work aligns with established corporate finance and compliance policies.
Cross-Functional Collaboration: Collaborate closely with corporate departments to share insights and support cross-functional improvements.
Operational Support: Provide ongoing support to enhance operational consistency and strengthen internal control environments.

14. Internal Auditor Role Purpose

Audit Planning: Plan and perform legal entity or process audits within the group.
Risk Evaluation: Assist in the identification and evaluation of risks and controls for the entities or processes in scope.
Preparation Support: Assist in preparing planning deliverables, including audit work programs and appropriate audit methods.
Fieldwork Execution: Perform interviews, walkthroughs, and sample tests in the field audits.
Findings Drafting: Draft audit findings and recommendations for the audit report.
Results Communication: Communicate audit results in the closing meeting with management of the local entity.
Audit Wrap-Up: Contribute to the wrap-up of the field audit, including the review of auditees’ action plans, fieldwork documentation, and team debriefing.
Group-Level Contribution: Contribute to selective process or system audits on the group level under the lead of the Corporate Internal Audit team.
Quality Assurance: Contribute to the Internal Audit quality assurance program and knowledge management.
Lead Role: Perform the Lead Auditor role on a rotational basis.

15. Internal Auditor General Responsibilities

Audit Execution: Perform operational and IT internal audits and reviews to assess control effectiveness and operational efficiency.
Data Analysis: Use analysis, data analytics, inquiries, and testing to identify opportunities to strengthen internal controls and improve business performance.
Recommendation Development: Develop actionable recommendations to address issues and enhance operational effectiveness.
Franchise Auditing: Conduct franchise restaurant audits across all brands to ensure compliance with franchise agreements and verify reported sales.
Reporting Validation: Apply data analytics and other analytical techniques to validate franchisee reporting accuracy.
Cross-Department Support: Assist Operations, Legal, Finance, and IT departments in resolving issues identified during franchise audits.
SOX Compliance: Support the annual audit process by performing Sarbanes-Oxley 404 internal control documentation and testing.
Report Preparation: Prepare and assist in developing audit reports and storyboards to communicate internal audit results effectively.
Automation Enhancement: Investigate and implement opportunities to enhance audit testing efficiency through automation and technology integration.

16. Internal Auditor Key Accountabilities

Risk Assessment: Identify, assess, and document risks and controls for each audit engagement.
Control Evaluation: Evaluate the design and operating effectiveness of controls, leveraging data analytics, and record findings in the audit toolkit.
Progress Reporting: Provide regular progress updates and share observations with the Audit Owner and team during daily meetings.
Team Collaboration: Collaborate effectively with peers and provide active support to the audit team throughout the engagement.
Observation Drafting: Draft clear, well-structured audit observations and assist the Audit Owner in preparing the final audit report.
Issue Resolution: Offer practical suggestions to management during meetings to address identified control issues.
Leadership Support: Undertake additional tasks as requested by senior leadership, including Vice Presidents, Directors, and Managing Directors.
Agile Improvement: Adopt an agile working approach and contribute ideas to enhance audit efficiency, including offering constructive and upward feedback.

17. Internal Auditor Roles and Details

Record Examination: Examine departmental records and conduct interviews with employees to verify transaction accuracy.
Policy Compliance: Ensure compliance with corporate policies, procedures, and applicable legal and regulatory requirements.
Control Testing: Perform tests of internal controls to assess their design and operating effectiveness.
Process Walkthroughs: Carry out walkthroughs of accounting and financial reporting processes to identify potential control gaps.
Documentation Review: Evaluate financial documentation for completeness, consistency, and reliability.
Asset Review: Review records relating to material assets such as property, equipment, and inventory.
Resource Assessment: Assess the efficiency and utilization levels of key organizational resources.
Control Matrix Maintenance: Maintain and update the internal control matrix for designated business locations.
Documentation Accuracy: Ensure that control documentation accurately reflects current operational practices.
File Management: Develop and organize supporting files associated with financial reporting processes.
Framework Strengthening: Contribute to strengthening internal control frameworks through continuous monitoring and documentation accuracy.

18. Internal Auditor Responsibilities and Key Tasks

Audit Execution: Conduct audits in accordance with the approved annual audit plan and established professional standards.
Procedure Planning: Plan and execute audit procedures to assess the effectiveness of internal controls and risk management.
Report Preparation: Prepare high-quality draft audit reports that clearly outline findings, conclusions, and recommendations.
Timeline Management: Ensure reports are completed within agreed timelines and meet internal quality expectations.
Management Coordination: Obtain formal management responses to recommendations and proposed corrective actions.
Action Follow-Up: Follow up to verify that agreed actions are implemented effectively and promptly.
Risk Evaluation: Research and evaluate the performance of existing risk management frameworks and processes.
Recommendation Development: Provide actionable recommendations to management for enhancing risk mitigation and control effectiveness.
Policy Review: Collaborate with audit team members to review and update internal audit policies and procedures.
Methodology Support: Support the development and refinement of audit methodologies and systems.
Process Improvement: Contribute to the continuous improvement of audit tools, documentation practices, and workflow efficiency.

19. Internal Auditor Duties and Roles

Audit Completion: Complete assigned audits and control reviews to evaluate the effectiveness of business area policies and procedures.
Compliance Assessment: Assess compliance with company standards, regulatory requirements, and management expectations.
Testing Execution: Perform detailed testing and derive conclusions from audit results to determine control adequacy.
Root Cause Analysis: Identify the root causes of anomalies or deficiencies detected during audit testing.
Documentation: Document audit procedures, findings, and evidence clearly to support conclusions and engagement results.
Quality Assurance: Ensure all documentation meets professional and departmental quality standards.
Process Improvement: Present opportunities for process improvement and control enhancement to management.
Action Follow-Up: Follow up on management action plans to verify timely and effective resolution of issues.
Standards Compliance: Conduct all audit work in accordance with internal audit methodologies and professional standards.
Risk Assessment: Perform and evaluate annual risk assessments across auditable areas to inform audit planning.
Best Practice Guidance: Offer guidance on best practices in risk mitigation and operational efficiency.
Industry Awareness: Stay current on business operations, emerging technologies, and industry trends in investment management.

20. Internal Auditor Roles and Responsibilities

Audit Execution: Perform a wide range of audit assignments, including complex, ad-hoc, and non-financial reviews, alongside routine audits.
Standards Compliance: Ensure each assignment is executed in alignment with professional standards and departmental procedures.
Operational Management: Take operational responsibility for the management and delivery of allocated audit plans.
Leadership Support: Support Audit Managers and Senior Audit leadership in achieving audit objectives.
Risk Application: Apply risk management and assurance principles to both the planning and execution of audit engagements.
Risk Assessment: Assess risks at operational and strategic levels to enhance audit relevance and impact.
Inquiry Handling: Address sensitive and complex inquiries from clients and internal staff with professionalism and clarity.
Advisory Support: Provide well-considered advice and guidance in response to audit-related questions.
Plan Development: Contribute to the development and implementation of the annual internal audit plan.
Stakeholder Engagement: Assist in promoting the value and visibility of the internal audit function to key stakeholders.
Governance Evaluation: Evaluate the effectiveness of organizational policies, procedures, and governance frameworks.
Process Enhancement: Recommend enhancements that improve efficiency, control, and compliance.

21. Internal Auditor Overview

Audit Implementation: Implement departmental audit tasks in alignment with approved audit objectives and timelines.
Audit Planning: Develop and compose detailed audit plans that define the audit scope, methodology, and key deliverables.
Field Inspection: Conduct on-site inspections of documentation and materials related to audited entities.
Record Verification: Verify the accuracy, completeness, and compliance of financial and operational records.
Findings Analysis: Analyze audit findings to identify root causes of control weaknesses and inefficiencies.
Report Preparation: Prepare comprehensive audit reports summarizing results, recommendations, and corrective actions.
Follow-Up Auditing: Perform follow-up audits to confirm the implementation and effectiveness of remediation measures.
Control Supervision: Review and supervise the daily operation of the company’s internal control systems.
Compliance Monitoring: Monitor compliance across functions such as budgeting, procurement, capital management, and finance.
Risk Management Support: Support corporate risk management initiatives, including SOP review, training, and ongoing monitoring.
Incident Oversight: Assist in maintaining and overseeing the company’s incident reporting process.
Process Improvement: Contribute to process improvement projects, including procurement, data security, and information management.

22. Internal Auditor Job Description

Audit Delivery: Deliver core audit activities by preparing detailed risk assessments, test programs, and audit reports aligned with the Internal Audit methodology.
Quality Assurance: Ensure all audit work adheres to established quality and integrity standards.
Stakeholder Engagement: Engage key business partners throughout audit activities to maintain transparency and collaboration.
Progress Reporting: Provide timely and regular updates on audit progress to relevant stakeholders.
Relationship Building: Develop and sustain strong professional relationships across different business functions.
Insight Development: Leverage these relationships to gain valuable insights into emerging issues and operational risks.
Findings Communication: Communicate findings clearly and objectively to support effective decision-making.
Action Monitoring: Work closely with action owners to monitor the progress of agreed remediation measures.
Accountability Promotion: Encourage accountability by driving the timely completion of audit actions.
Audit Planning: Contribute to the development of the annual audit plan through informed recommendations.
Risk Identification: Identify potential audits and analytics projects that address key risk areas.
Continuous Improvement: Support continuous improvement within the audit function by aligning work with organizational priorities.

23. Senior Internal Auditor Functions

Audit Leadership: Lead, plan, and execute audit reviews covering both domestic and international operations and partners.
Process Management: Organize all phases of the audit process, from planning through to reporting, ensuring alignment with organizational objectives.
Control Evaluation: Evaluate the effectiveness of internal controls, governance frameworks, and operational efficiency.
Findings Communication: Communicate audit findings clearly and provide practical, actionable recommendations for improvement.
Action Monitoring: Monitor and verify management’s implementation of agreed corrective actions.
Advisory Support: Offer expert advice to managers on the design and enhancement of internal control systems.
Fraud Investigation: Lead fraud investigations in strict accordance with the organization’s fraud response plan.
Investigation Compliance: Ensure investigations are conducted thoroughly, confidentially, and in compliance with policy.
Committee Reporting: Contribute insights and key findings to reports prepared for the Audit Committee.
Management Support: Provide relevant input for management meetings to support informed decision-making and accountability.

24. Internal Auditor Accountabilities

Audit Execution: Execute audits at both corporate and country levels to ensure comprehensive coverage of operations.
Data Analytics: Apply data analytics techniques wherever feasible to enhance audit efficiency and insight.
Organizational Understanding: Develop a strong understanding of the organization’s structure, key processes, and operating environment.
Compliance Focus: Pay particular attention to compliance and risk management requirements across jurisdictions.
Data Analysis: Collect and analyze internal and external data relevant to the audit target, and use this analysis to support risk assessment, scoping, and audit planning activities.
Control Evaluation: Perform detailed evaluations of control effectiveness and operational performance.
Reporting: Document and report audit findings clearly, highlighting key risks and improvement opportunities.
Recommendation Development: Translate audit results into actionable recommendations and well-reasoned conclusions.
Stakeholder Communication: Communicate insights effectively to management and other internal or external stakeholders.
Action Monitoring: Monitor implementation of corrective actions and assess their impact on business processes.
Follow-Up Validation: Validate that follow-up activities are completed promptly to ensure lasting improvements.

25. Internal Auditor Job Summary

Strategic Support: Work closely with the manager on strategic initiatives and assist in the training of new hires.
Cross-Functional Collaboration: Collaborate with internal business partners across Finance and other lines of business to validate the operating and design effectiveness of their controls.
Testing Strategy: Develop testing scopes and strategies in alignment with established auditing and compliance standards.
Documentation: Document and communicate control validation results effectively by preparing detailed workpapers that clearly support testing conclusions.
Quality Review: Provide guidance and feedback to other control validators by reviewing workpapers to ensure testing accuracy and completeness.
Exception Analysis: Analyze exceptions identified during testing and make recommendations to strengthen controls and mitigate risk more effectively.
Financial Review: Work closely with Finance partners to review quarterly Earnings Release documentation before publication to ensure accuracy and compliance.
Audit Coordination: Respond promptly to requests from the Second Line of Defense, Internal Audit, and External Audit teams.
Ad Hoc Support: Complete ad hoc audit and compliance-related requests.

26. Internal Auditor Responsibilities

Audit Assistance: Assist in conducting financial, compliance, and operational audits in alignment with professional auditing standards.
Program Preparation: Support the preparation of audit programs to ensure objectives are clearly defined and achievable.
Procedure Execution: Perform detailed audit procedures, including the examination of transactions, documents, and operational records.
Policy Review: Review policies, procedures, and reports to evaluate their accuracy and effectiveness.
Risk Identification: Identify key risk areas and control gaps within audited processes.
Control Enhancement: Develop practical recommendations to strengthen internal controls and risk mitigation practices.
Report Drafting: Contribute to drafting audit findings and support the completion of final audit reports.
Documentation Accuracy: Ensure that audit documentation accurately reflects the procedures performed and conclusions reached.
Data Analytics Application: Participate in the use of data analytics to enhance audit efficiency and insight generation.
Analytical Evaluation: Apply analytical results to form objective evaluations of systems and processes reviewed.
Tool Development: Assist in developing and implementing global data analytics tools and methodologies.
Project Support: Provide additional support for other tasks and projects assigned by audit management.

27. Internal Auditor Details

Risk Monitoring: Identify and monitor organizational risks through a structured and systematic approach.
Risk Focus: Focus on risks that directly affect the company’s strategic, operational, and financial objectives.
Process Evaluation: Evaluate the adequacy and efficiency of internal processes across all key functions.
Compliance Verification: Verify compliance with established policies, procedures, laws, and regulatory requirements.
Performance Assessment: Assess the effectiveness of business processes, projects, and functions in achieving organizational goals.
Information Analysis: Analyze the reliability, accuracy, and completeness of financial and management information.
Data Traceability: Ensure data traceability to support transparency and informed decision-making.
Asset Protection: Examine the adequacy of measures protecting company assets and resources.
Security Evaluation: Evaluate the overall security and safeguarding of physical and digital assets.
Best Practice Identification: Identify best practices that can enhance efficiency and control effectiveness.
Governance Improvement: Recommend practical improvements that strengthen governance and organizational performance.

28. Internal Auditor Duties

Audit Oversight: Report directly to the Chief Auditor and provide independent evaluations of organizational risks and internal controls.
Plan Execution: Execute the approved audit plan under the direction and guidance of the Chief Auditor.
Governance Evaluation: Assist the Chief Auditor in evaluating governance, management oversight, and organizational culture to ensure effective challenge and decision-making.
Risk Management Assessment: Assess the performance and adequacy of risk management and the second line of defense functions.
Program Development: Develop, maintain, document, and execute comprehensive audit programs and procedures.
Risk-Based Auditing: Conduct risk-based audits to evaluate the effectiveness of risk management practices around key operational and financial risks.
Issue Monitoring: Monitor the resolution of previously identified audit issues to mitigate ongoing risk exposures and provide monthly updates to executive management.
External Audit Support: Prepare audit schedules and fluctuation analyses for external auditors, providing clear written explanations.
SOC Compliance: Assist the company and external auditors with scheduling and testing of SOC controls, including SOC 1 and SOC 2 requirements.

29. Internal Auditor Details and Accountabilities

Branch Auditing: Conduct branch audits in accordance with the approved annual audit plan provided by superiors.
Audit Execution: Ensure each audit is executed systematically to assess compliance and operational efficiency.
Report Preparation: Prepare clear and concise audit reports outlining findings and actionable recommendations.
Report Submission: Submit completed reports promptly for management review and decision-making.
Action Monitoring: Monitor the implementation of action items arising from both branch and corporate audits.
Follow-Up Review: Follow up on outstanding corrective measures to ensure timely and effective resolution.
Special Investigations: Undertake special investigations as assigned by management to address emerging issues or concerns.
Investigation Reporting: Document findings from investigations and propose appropriate remedial actions.
Control System Review: Review and assess the adequacy of the Internal Control System (ICS) documentation.
Governance Compliance: Ensure ICS materials are up to date, accurate, and aligned with corporate governance standards.

30. Internal Auditor Tasks

Risk Identification: Identify risks and opportunities for departments so that managers across the business can respond to them on a timely basis.
Stakeholder Management: Develop and maintain relationships with internal and external stakeholders, including stores, to understand and meet their needs.
Risk Register Support: Support business areas in developing and maintaining their operational risk register.
Audit Participation: Participate in project assurance and audits, providing expertise and feedback to improve risk management and control, business processes, and procedures.
Process Consultation: Consult with managers across the business to understand requirements and identify opportunities to speed up and simplify.
Team Collaboration: Provide feedback to audit colleagues to ensure the team develops and improves.
Professional Development: Identify personal and professional opportunities for development.
Process Improvement: Continually focus on simplifying and improving processes and controls.
Environmental Awareness: Understand the environment of the work area and the implications of any changes.
Audit Delivery: Deliver planned and ad-hoc audit and consultancy engagements, ensuring control and quality throughout, and reviewing and challenging to ensure accurate output.
Action Monitoring: Work with the business functions to ensure audit actions are delivered in line with audit methodology.
Control Optimization: Support the business in agreeing on suitable audit actions so that the cost of control associated with key risks is appropriately balanced.

31. Internal Auditor Roles

Audit Execution: Execute financial, IT, operational, SOX, and compliance audits.
Audit Planning: Plan and perform audits and projects that result in the achievement of the Department's Goals and Objectives.
Function Administration: Assist in the development, coordination, training, and administration of internal audit functions, including standards, documentation, procedures, and systems.
Stakeholder Relationship Management: Develop strong relationships with key business stakeholders to cultivate a thorough understanding of the business, relevant financial reporting risks, and core processes.
Process Mapping: Partner with various levels of the organization, including senior-level executives, to create process maps and control matrices for new and updated processes.
Reporting: Report audit results to various levels of management, along with proposing control enhancements and process improvement recommendations.
SOX Compliance: Perform testing to support management and external auditors in their certifications for Sarbanes-Oxley Section 404 compliance.
Safety Compliance: Follow all safety rules and regulations while performing work assignments.

32. Internal Auditor Additional Details

Audit Leadership: Lead complex internal audits to evaluate the effectiveness of controls, accuracy of financial records, operational efficiency, and compliance with government regulations.
Risk Assessment: Perform planning and risk assessment activities to develop audit scope, objectives, and detailed work plans.
Testing Design: Select appropriate audit tests, identify key controls, and apply statistical methods, surveys, interviews, and computer-assisted audit techniques.
Workpaper Review: Conduct detailed and general reviews of internal audit work paper documentation to ensure completeness and accuracy.
Testing Execution: Perform complex testing procedures to validate audit findings and conclusions.
Team Management: Make informed recommendations regarding team resource allocation and perform talent management activities to support staff development.
Audit Coordination: Coordinate audit procedures and review work papers supporting external audits of internal controls, business processes, and account balances.
Methodology Enhancement: Maintain awareness of emerging trends in internal control auditing to ensure audit methodologies remain effective and up to date.

33. Internal Auditor Essential Functions

Audit Participation: Participate in international and cross-functional audit engagements covering business processes, risk management, project reviews, and IT operations.
Engagement Planning: Contribute to planning and execution phases to ensure alignment with audit objectives.
Fieldwork Coordination: Coordinate and perform fieldwork activities collaboratively within a team-driven environment.
Procedure Execution: Ensure audit procedures are executed effectively to meet scope and quality expectations.
Management Partnership: Act as a trusted sparring partner to both local and corporate management throughout the engagement.
Recommendation Development: Present well-founded recommendations to improve process effectiveness and control structures.
Action Planning: Propose follow-up actions to address identified observations and enhance business processes.
Implementation Support: Support management in implementing sustainable improvements that strengthen operational performance.
Report Preparation: Contribute to the preparation and presentation of audit reports summarizing key findings.
Quality Commitment: Maintain a strong commitment to quality, efficiency, and continuous improvement in all assignments.
Best Practice Promotion: Promote best practices that advance the overall effectiveness of internal processes across the organization.

34. Internal Auditor Role Purpose

Audit Execution: Execute project-specific internal audit programs in alignment with established objectives and timelines.
SOX Testing: Perform Sarbanes–Oxley (SOX) 404 control testing to assess the design and operating effectiveness of key controls.
Process Documentation: Document and validate business processes to ensure accuracy, completeness, and consistency with operational practices.
Substantive Testing: Conduct substantive testing procedures to support external audit requirements and financial statement reliability.
Evidence Analysis: Analyze audit evidence to identify control weaknesses or process improvement opportunities.
Control Repository Management: Assist in maintaining and updating the organization’s control repository system for accurate recordkeeping.
Collaboration: Collaborate effectively with employees at all organizational levels to gather information and clarify findings.
Standards Compliance: Ensure all audit activities adhere to professional standards and departmental methodologies.
IIA Compliance: Comply fully with the Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing.
Professional Conduct: Promote integrity, objectivity, and professionalism in all aspects of audit execution and reporting.

35. Internal Auditor General Responsibilities

Control Evaluation: Work as part of the Internal Audit department to evaluate the adequacy and effectiveness of controls in the business activities of the EAME region, with the possibility to support other regions.
Audit Participation: Participate in Internal, Contractor, Joint Venture, Joint Interest, and SOX audits.
Independent Assessment: Provide an independent assessment of the overall system of internal controls.
Data Verification: Verify the accuracy and reliability of data on which management decisions are based.
Policy Compliance: Test for adherence to prescribed policies, standards, and procedures.
Risk Evaluation: Evaluate risks to ensure that they are identified and managed cost-effectively, appropriately, and sustainably.
Skill Development: Participate in the training programs to further master auditing skills.
Business Knowledge: Build knowledge of Product Solutions and Upstream businesses and Service Lines operations.
Leadership Engagement: Participate in various site-wide initiatives, including charity efforts, inclusion and diversity events, or networks to develop and grow leadership skills.

36. Internal Auditor Key Accountabilities

Audit Execution: Execute audit procedures and testing, including evidence and data analysis, while documenting all work performed for audit procedures and projects.
Issue Identification: Identify, investigate, evaluate, and communicate areas of concern, exceptions, and findings to the appropriate stakeholders.
Relationship Building: Use audit and business subject matter knowledge when building relationships with business partners and within the department.
Management Interaction: Directly interact with key members of management and provide dynamic feedback to actively improve evolving processes.
Engagement Support: Assist with planning, executing, and reporting of multiple audit engagements and interact with management during audit engagements.
Standards Compliance: Perform audits in accordance with department and professional standards.
Cross-Functional Collaboration: Interact with the Business Unit and IT Auditors while performing assigned responsibilities.
Testing Procedures: Plan and execute control and substantive testing, and evaluate audit results to determine if issues exist and improvement recommendations are necessary.
Ongoing Monitoring: Develop key management relationships for continuous monitoring of their business areas.
Progress Tracking: Assist in the execution of audit engagements and monitor audit engagement progress to meet deadlines and maintain effective management communication.

37. Internal Auditor Roles and Details

Audit Participation: Participate in audit engagements from planning through reporting, ensuring delivery of high-quality products that meet departmental and professional standards.
Testing Execution: Execute audit testing on individual audits of key business and control functions.
Risk-Based Evaluation: Apply a risk-based audit approach by independently evaluating, testing, and reporting on the adequacy and effectiveness of controls while identifying root causes of issues.
Findings Communication: Finalize and communicate audit findings clearly and concisely, identifying opportunities to improve the design and effectiveness of key controls.
Control Opinion: Use sound judgment to provide an overall opinion on the control environment.
Team Collaboration: Collaborate effectively with colleagues within the Audit team across regional and global operations.
Continuous Monitoring: Execute a continuous monitoring program, analyzing key metrics to identify control issues, emerging risks, and adverse trends.
Regulatory Awareness: Stay informed of key initiatives, industry updates, and regulatory developments affecting the organization and its control environment.
Audit Technology Utilization: Utilize computer-assisted auditing tools to increase sampling efficiency, reduce fraud risk, and identify opportunities for continuous monitoring and automated auditing.
Professional Development: Maintain up-to-date knowledge of evolving industry standards and regulatory requirements relevant to the business and its operations.

38. Internal Auditor Responsibilities and Key Tasks

Program Management: Manage the Internal Audit Program to ensure the Quality Management System (QMS) operates effectively and efficiently.
Audit Scheduling: Develop and maintain internal audit schedules by establishing scope, criteria, and auditor assignments to ensure timely completion of audits.
Program Evaluation: Monitor and measure the effectiveness of the Internal Audit Program and implement improvements to continuously achieve program objectives.
Auditor Training: Train and qualify internal auditors to perform audits in accordance with established standards.
Performance Monitoring: Monitor auditor performance during audit execution to maintain consistency and quality.
Audit Execution: Execute and lead internal quality system audits by developing audit plans, creating audit checklists, conducting meetings, and preparing comprehensive audit reports.
Findings Communication: Communicate audit findings clearly with auditees to ensure understanding and accountability.
CAPA Facilitation: Facilitate follow-up activities for audit nonconformances and collaborate with process owners to ensure appropriate corrective and preventive actions (CAPAs) are implemented based on risk level.
Action Verification: Verify the effectiveness of corrective actions taken to address audit nonconformances.
Regulatory Compliance: Perform all duties in compliance with established business policies and regulatory requirements.

39. Internal Auditor Duties and Roles

Audit Execution: Conduct routine internal audits and compliance checks across the EMEA region to ensure adherence to organizational and regulatory standards.
System Representation: Act as the nominated management system representative by embedding the core principles of a quality management system throughout the organization.
Team Leadership: Lead and manage audit teams, including multidisciplinary audits, by planning, conducting, reporting, and following up on quality management system audits to confirm conformity with accreditation requirements.
Standards Compliance: Ensure compliance with management system standards and external certification obligations.
Record Supervision: Supervise and assist in maintaining quality records by reviewing and approving quality documentation.
System Improvement: Advise on potential improvements to management systems by interpreting and utilizing diverse data sources effectively.
Subject Matter Expertise: Provide subject matter expertise to support Business Transformation team projects.
Professional Development: Engage in continuous professional development by staying informed of industry regulations, best practices, tools, and performance standards.
Training Delivery: Conduct workshops on company standards to enhance awareness and implementation across departments.

40. Internal Auditor Roles and Responsibilities

Stakeholder Interaction: Interact with all levels of company associates, executives, client representatives, vendors, and other stakeholders to gain a comprehensive understanding of business processes.
Audit Execution: Perform audit-related activities, including developing engagement risk assessments, defining audit scope, conducting opening meetings, completing fieldwork, and drafting audit reports.
Documentation Compliance: Ensure audit fieldwork and findings are thoroughly documented in compliance with IIA and departmental standards, requiring minimal supervision.
Report Preparation: Prepare audit reports that effectively communicate results and incorporate necessary revisions promptly.
Departmental Representation: Actively contribute to establishing the Internal Audit Department as a respected and valued partner within the organization.
Presentation Support: Assist Audit Supervisors and Managers in preparing and delivering oral and written presentations to mid-level management during and after audits.
Deficiency Discussion: Discuss audit deficiencies with stakeholders and provide recommendations for corrective actions.
Cross-Functional Collaboration: Collaborate with Internal Controls, Compliance, Operations, Finance, and IT departments to resolve financial and operational control issues.
Project Assistance: Assist with internal departmental projects such as major initiatives, internal quality assessments, external auditor coordination, and audit-related training.
Task Coordination: Coordinate multiple audit tasks efficiently and recommend process improvements to enhance departmental effectiveness.

41. Internal Auditor Overview

Audit Engagement: Participate in audit engagements covering Corporate Sector functions, including risk assessments, audit planning, audit testing, control evaluation, audit report drafting, and follow-up and verification of issue closure.
Result Documentation: Document audit results and communicate issues to management, identifying opportunities for improvement in the design and effectiveness of key controls.
Standards Compliance: Accountable for meeting deliverables, adhering to department and professional standards, and utilizing consistent methodology.
Stakeholder Relationship Management: Build and maintain key relationships with stakeholders, establishing a culture of engagement while adding value.
Team Leadership: Effectively manage audit engagement teams, performing timely reviews and providing honest and constructive feedback.
Management Liaison: Liaise with global and regional Audit management.
Regulatory Awareness: Stay up to date with the global regulatory and market environment, especially as it pertains to Asset Wealth Management and its supporting technology.
Regulatory Response: Provide regulatory responses and perform regulatory reviews.
Collaboration: Build effective contacts and relationships with client management and colleagues through effective teamwork and innovative thinking.
Knowledge Sharing: Disseminate best practices and lessons learned to colleagues and clients.
Issue Management: Identify and follow up on specific audit issues and ensure appropriate involvement with significant development efforts or projects.

42. Internal Auditor Job Description

Audit Planning: Participate in the audit planning and risk assessment process, including identifying key risks, defining project objectives, scope, and timing, and scheduling audits with appropriate Company personnel.
Program Development: Assist with the development of standardized internal audit programs, sampling methods, work papers, and deliverables.
Time Management: Maintain accountability for time budgets for self, including monitoring hours incurred and communicating potential or expected delays.
Recommendation Support: Serve as a point of contact for the Company divisions on implementing recommendations from internal audits under the guidance of the COO.
Process Documentation: Conduct process interviews and prepare process narratives and flow charts.
Control Testing: Test key internal controls for effectiveness.
Finding Identification: Identify and document audit findings and opportunities for improvement.
Result Reporting: Report on and present audit results to appropriate management.
Action Follow-Up: Follow up on the implementation of audit recommendations.
Status Reporting: Provide regular and timely status updates to the COO.
Fraud Investigation: Investigate potential fraud and help develop audit procedures for uncovering fraud.

43. Internal Auditor Functions

Audit Participation: Participate in complex operational, financial, compliance, and integrated audits as part of the Internal Audit function.
Audit Execution: Support the execution of audits from planning through reporting stages to ensure high-quality outcomes.
Scope Definition: Contribute to defining audit scope, evaluating key risks, and setting clear audit objectives.
Program Design: Assist in designing audit programs to assess the effectiveness of internal controls and governance structures.
Process Documentation: Document process maps and information flow charts using tools such as Visio to visualize business processes.
Control Assessment: Identify control weaknesses and assess their potential impact on organizational performance.
Corrective Collaboration: Collaborate with management to ensure corrective actions address root causes effectively.
Operational Improvement: Provide recommendations that enhance operational efficiency and add measurable value.
Policy Development: Participate in the creation and implementation of departmental policies and procedures.
Framework Support: Help establish frameworks that support continuous improvement and compliance.
Audit Planning: Assist in developing the annual audit plan through risk assessment and process evaluation.
Focus Recommendation: Recommend audit topics and areas of focus that represent significant exposure or opportunity.
Strategic Alignment: Support the department’s strategic objectives by aligning audit activities with organizational priorities.

44. Senior Internal Auditor Accountabilities

Risk Assessment: Participate in risk assessments to identify key areas requiring audit attention.
Audit Planning: Develop a comprehensive risk-based internal audit plan for annual approval by the Board of Directors.
Audit Execution: Execute the approved audit plan by conducting internal audit fieldwork in accordance with established methodologies.
Program Adherence: Follow the planned audit program and approach to ensure consistency and reliability of results.
Follow-Up Review: Perform timely follow-ups on audit findings to verify effective resolution of issues.
Quality Assurance: Deliver high-quality audit work that aligns with the Institute of Internal Auditors (IIA) standards and the Internal Audit Instruction Manual.
Control Evaluation: Assess the adequacy and effectiveness of internal processes and controls.
Report Preparation: Prepare clear and concise audit reports with actionable, value-added recommendations.
Communication: Communicate identified improvement areas effectively while maintaining professionalism and constructive challenge.
Investigation Support: Support investigations into fraud, whistleblowing cases, and other regulatory projects.
Ad Hoc Assignments: Assist in managing ad-hoc internal audit assignments to meet organizational needs.
Committee Collaboration: Collaborate with the Head of Internal Audit in preparing Board Audit and Compliance Committee papers.
Activity Reporting: Contribute to monthly and quarterly reports on internal audit activities and related matters for the group.

45. Internal Auditor Job Summary

Schedule Compliance: Ensure compliance with the agreed audit schedule and conduct all audits in accordance with Self Audit Procedures.
Audit Execution: Carry out audits as per the established schedule to maintain operational compliance.
Departmental Auditing: Conduct local departmental audits in line with the audit schedule to assure the Director and relevant Functional Heads.
Action Planning: Work with Functional Heads to develop post-audit action plans addressing areas of concern or non-compliance.
Report Preparation: Accurately collate data and produce detailed audit reports to evidence audit outcomes.
Assurance Assessment: Conduct monthly assurance assessments as per the audit schedule and complete documentation to report findings.
Communication Development: Develop effective communication channels between staff and the audit team.
Stakeholder Liaison: Liaise with Functional Heads and Departmental Managers to maintain clear and open communication regarding audit schedules.
External Audit Support: Advise and assist in the preparation process for external audits and inspections.
Compliance Checking: Complete weekly compliance checks in each department and provide feedback on outcomes.
Security Coordination: Liaise with the Security Department to ensure the Local Security Strategy contains current PSIs, PSOs, and Policy Frameworks.
Database Maintenance: Maintain an up-to-date database containing details and review dates of all Operating Procedures.
System Utilization: Utilize Crystal to support development and assist in predicting future inspection outcomes.
Health and Safety Promotion: Assist in promoting a positive Health and Safety culture to uphold best practice standards and maintain relevant external accreditations.

46. Senior Internal Auditor Responsibilities

Operational Auditing: Conduct operational audits with an emphasis on capital projects and contract compliance.
Governance Assessment: Assess the effectiveness of project governance and ensure adherence to contractual obligations.
Risk Evaluation: Evaluate organizational risks through comprehensive financial, compliance, and information technology audits.
Process Documentation: Document business processes and internal controls to support Sarbanes-Oxley (SOX) compliance requirements.
Fieldwork Execution: Perform detailed fieldwork to assess the adequacy and efficiency of internal controls.
Compliance Verification: Verify operational efficiency, compliance with corporate policies, and adherence to relevant regulations.
Control Walkthroughs: Conduct internal control walkthroughs to gain an in-depth understanding of key processes.
SOX Testing: Execute SOX 404 testing procedures for both business and IT operations within established timelines and budgets.
Quality Assurance: Ensure audit work is performed with accuracy, consistency, and professional skepticism.
Workpaper Preparation: Prepare detailed work papers that clearly document audit procedures, testing, and findings.
Evidence Maintenance: Maintain complete audit evidence to support all conclusions and recommendations.
Report Drafting: Assist in drafting Internal Audit reports that present formal recommendations for management consideration.
Action Implementation Support: Support management in implementing corrective actions to address audit observations effectively.

47. Internal Auditor Details

Audit Program Execution: Execute audit programs to achieve audit objectives by performing audit steps, coordinating activities, and preparing required documentation.
Report Development: Develop, review, edit, and submit audit reports and work papers that support audit conclusions and provide high-value improvement recommendations with minimal management editing.
External Audit Support: Cooperate with external auditors to support the external audit process.
Assignment Management: Plan, execute, and supervise complex audit assignments while working under limited supervision from department management.
Staff Training: Train and develop audit staff formally and provide substantial input into their performance evaluations.
Communication: Communicate audit recommendations clearly to auditors and department management.
Audit Travel: Travel to conduct audits and ensure compliance with organizational standards.
Project Oversight: Provide project management oversight for audits and offer direction and guidance to audit staff.
Risk Assessment: Assist in developing and maintaining risk assessments to support audit planning.
Issue Identification: Identify issues through planning, inquiry, testing, and analysis that evolve into high-value recommendations.
Control Assessment: Formulate and present control assessments effectively to clients and management.
Audit Scheduling: Assist department management in planning and scheduling audits based on the approved annual audit plan.
Team Support: Address team morale issues promptly and support a positive work environment.
Departmental Promotion: Promote the internal audit department as a world-class, high-value resource within the organization.

48. Senior Internal Auditor Duties

Audit Leadership: Lead and actively participate in performing internal audits and reviews of financial, operational, ICT, financial statement, performance, and compliance areas.
Advisory Support: Provide independent and professional consulting advice to senior and operational management on governance processes, risk management, and controls.
System Oversight: Oversee and contribute to the administration and ongoing maintenance of TeamMate while liaising with the TeamMate vendor.
Data Reporting: Oversee the collation and consolidation of TeamMate data and reporting information, including preparing dashboard reports for the Executive and Audit and Risk Committee.
Recommendation Monitoring: Obtain post-audit feedback from internal audit clients and monitor the implementation of recommendations to assess the adequacy of corrective actions.
Data Analysis: Review departmental systems and operations using data analysis tools and techniques.
Audit Planning: Provide input to assist the Director and Chief Auditor in developing an annual internal audit plan aligned with current and emerging departmental risks.
Report Preparation: Prepare comprehensive and high-quality professional internal audit reports and memoranda for submission to senior leadership and the Audit and Risk Committee.
Team Development: Assist in developing junior internal auditors by contributing to audits and guiding project direction.
Quality Assurance: Monitor work against agreed budgets and timeframes while conducting quality assurance reviews of audit work papers and reports.
Process Improvement: Monitor, review, update, and improve audit protocols and work practices.
Representation: Represent and promote the internal audit branch and its products to internal and external clients through working groups and committees.
Managerial Support: Assist the Internal Audit Manager in applying audit-related activities and perform other duties as assigned by the Chief Auditor or Internal Audit Management Team.

49. Internal Auditor Details and Accountabilities

Operational Survey: Survey functions and activities in assigned areas to determine the nature of operations and assess the adequacy of control systems in achieving established objectives.
Efficiency Improvement: Identify opportunities to improve efficiency, optimize resource utilization, and enhance profitability or cost-effectiveness.
Audit Planning: Assist in planning the audit scope and methodology, and prepare the audit program or Risk and Control Matrix (RACM) in coordination with consultants.
Engagement Definition: Determine the objectives and approach of the proposed audit engagement.
Procedure Design: Define appropriate auditing procedures, including the use of information systems audit techniques, statistical sampling, or other methods.
Risk Identification: Identify high-risk areas and key control points within the systems being reviewed.
System Evaluation: Evaluate the effectiveness of systems and controls based on professional business and audit experience, adjusting the audit scope as needed.
Audit Execution: Perform or assist in performing audits in accordance with approved audit programs and professional standards.
Workpaper Preparation: Prepare detailed working papers that record, summarize, and support audit findings and conclusions.
Data Analysis: Obtain, analyze, and appraise evidentiary data to form an informed and objective opinion on system adequacy and operational efficiency.
Findings Presentation: Prepare and participate in oral or written presentations to financial, operational, and management personnel to communicate findings and recommendations.
Deficiency Discussion: Discuss deficiencies and propose corrective actions to improve operations and reduce costs.
Report Preparation: Prepare or assist in preparing formal written reports expressing opinions on system effectiveness and operational efficiency.
Corrective Action Review: Appraise or assist in appraising the adequacy of corrective actions implemented following audit recommendations.
Special Assignments: Participate in special reviews and assignments as directed by the Vice President of Corporate Audit and Assurance Function (CAAF).

50. Internal Auditor Additional Details

Audit Execution: Execute audits of organizational business activity as determined by the Annual Audit Plan within agreed timescales and to a suitable level of quality.
Assignment Delivery: Undertake assignments in a high-quality manner, performing detailed planning, fieldwork, deriving preliminary audit findings, and holding audit close discussions with senior management.
Report Preparation: Issue clear and concise reports detailing audit findings, risks, and agreed recommendations.
Solution Development: Work with management to develop workable commercial solutions to audit findings.
Risk Communication: Identify and communicate risk exposures to management and agree on appropriate actions to mitigate relevant risks.
Control Assessment: Perform monitoring, reporting, and control assessment activities.
Recommendation Monitoring: Monitor and report on management’s progress in implementing internal audit recommendations using agreed dashboards and reporting mechanisms.
Special Projects: Undertake special investigations and projects as specified by the Head of Internal Audit and report the findings to senior management.
Audit Support: Support the Head of Internal Audit in non-audit activities such as reporting to Audit Committees, monitoring KPIs, developing the Annual Audit Plan, and evolving internal audit methodology and approach.
Cross-Functional Collaboration: Consult and collaborate with colleagues across the organization and its subsidiaries in the development of processes and procedures with the aim of managing risk.
Ownership and Accountability: Be the owner of the risk and control environment for the area and be accountable for the quality of outputs and the team’s outputs.
Compliance Adherence: Ensure adherence to applicable compliance policies.
Team Development: Provide coaching, mentoring, and development for team colleagues.
Third-Party Oversight: Oversee third-party audit partners.

Relevant Information

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