The Internal Auditor periodically examines (audits) the organization’s financial records to ensure they are accurate and up-to-date and that processes for generating and maintaining financial records and documents comply with applicable standards and regulations. They identify ways to improve processes for finding and eliminating waste and fraud. Internal Auditors should not audit their own work nor any work generated by their section, group, department, etc.
FINANCIAL INTERNAL AUDITOR ESSENTIAL DUTIES AND RESPONSIBILITIES
- Examine financial statements to ensure accuracy, timeliness, and compliance with applicable standards and regulations
- Inspect account books, statements, ledgers, and accounting systems for efficiency and use of accepted accounting procedures (GAAP, IFRS)
- Assess financial operations and make best-practices recommendations to management
The Internal Auditor reports directly to the Audit Team leader for the duration of the internal audit.
The Financial Internal Auditor Job Description is mentioned in the following procedures:
|Procedure ID and Name||Policies & Procedures Manual|
|AC1050 Internal Auditing||Finance|
FINANCIAL INTERNAL AUDITOR QUALIFICATIONS
A bachelor’s degree in accounting or business administration is required, as is three (3) years’ experience as an accountant. A Certified Public Accountant (Chartered Accountant) is desirable but not required. Must be an IIA-certified internal auditor or have equivalent work experience. Excellent communication skills and the ability to work well with people at all levels are essential. Experience with SAP, JD Edwards software is crucial.
FINANCIAL INTERNAL AUDITOR PHYSICAL DEMANDS
Ability to communicate orally with management and accountants is crucial. Regular use of phone and email for communication is essential. Hearing and vision correctable to within normal ranges is essential for normal conversations, receiving ordinary information, and preparing or inspecting documents.
The ability to remain in a stationary position roughly 50% of the time, as well as the ability to move about the office occasionally (accessing files/storage, office equipment, computers and other office productivity devices, attending meetings, etc.), is required.
Using a computer while sitting for extended periods is common. Must also be able to position self to maintain equipment, including under tables and desks.
No heavy lifting is expected, though occasional exertion of about 20 lbs. of force (e.g., carrying accounting books (G/L, etc.), laptops) may be required. Good manual dexterity required to use common office equipment (e.g., computers, mobile devices, calculators, copiers/scanners).
The job is performed indoors in a traditional office setting. Extended periods of sitting while using a computer or other device are common.