Location :Lahore
Country :Pakistan
Positions :1
Post Type:Job
Job Type :Full Time
Age:25 to 35 years
Start Date :16 Feb, 2016
End Date: 30 Mar, 2016
Job Title: Internal Auditor
Reports To: Functional reporting to Board Audit Committee; and Administrative Reporting to Chief Executive, ASF
Duty Station: ASF Head Office, Lahore
Age Limit: 35 years
Duties & Summaries:
Job Summary:
The Internal Auditor will set up and oversee audit & compliance function at ASF head office and regional offices. The role includes formulating policies and procedures for audit, developing annual audit plans, carrying out risk-based audit of control processes at ASF head office and regional offices, reporting on findings of reviews, making recommendations in order to remedy weaknesses in the systems and procedures reviewed, and support management in compliance and implementation. The incumbent will also liaise with the external auditors in order to prevent duplication of effort and to keep them briefed on areas of concern. In addition, S/he will also act as the Compliance Officer for investigating whistleblower complaints and allegations of misconduct or fraud.
Specific Responsibilities:
Formulate the policies and procedures for “Financial Audits”, “Compliance Audits”, “Information Systems Audits”, “Operational Audits” and “Investigative Audits”. The exercise will also involve preparation of comprehensive Audit Manual, Audit Charter, and, if needed, TORs of current Board Audit Committee will also be reviewed for any revisions
Develop annual audit plan for ASF for establishment of preventive, detective and corrective controls
Carry out risk-based audit of internal control processes at ASF head office and regional offices including income, non-grant expenditure, internal projects, information and communication, grant application and grant awards, funds disbursement, and risk assessment processes
Ensure effective management of the financial resources of ASF and that all operations of the ASF head office and regional offices are within the policies and plans as laid down by ASF management in compliance with best accounting practices and donor guidelines
Ascertain the extent to which ASF’s assets are accounted for and safeguarded from losses
Take appropriate measures for the prevention of frauds and elimination of conditions inducing fraudulent actions
Report regularly to Chief Executive and Board Audit Committee with regard to progress in achieving planned objectives of internal audit and compliance activity
Develop and pursue best practices for strategies regarding Sufficiency of Controls, Risk Management, Disaster Recovery, Asset Management, ASF Sustainability etc.
Undertake business travel as and when required to the provincial/regional offices, project sites and Implementing Partners
Act as the Compliance Officer for investigating whistleblower complaints and allegations of misconduct or fraud
Prepare reports containing observations, comments and recommendations based on carried out work. Support management in compliance of recommendations
Assist in knowledge management process by providing accurate, sound and timely professional advice to ASF management, Audit Committee and Board
Liaise with the external auditors in order to prevent duplication of effort and to keep them briefed on areas of concern in order that both external and internal audit functions could be carried out efficiently and effectively
Contribute in all relevant meetings involving consideration of policy/procedures formulation matters and other allied matters relating to the overall operations of the organization.
Ensure that the agreements executed with donor agencies are strictly implemented.
Ensure the confidentiality of financial and technical information including audit findings and observations from the irrelevant entities
Ensure that funds allocations for each project are appropriately utilized and any budget variations are communicated to the relevant authorities
Ensure ASF’s compliance with applicable laws including Companies Ordinance 1984, Income Tax Ordinance 2001,and other relevant laws; and that all statutory books are maintained and periodic returns and forms are timely submitted to concerned authorities
Conduct any reviews or tasks requested by Chief Executive, Finance Director, Audit Committee or the Board, provided such reviews and tasks do not compromise the independence or objectivity of the internal audit function
Qualifications / Experience:
A Master’s degree in accounting, finance, administration or business is required. Part qualified (Minimum Inter Level) Professional accounting / audit designations like CA, CPA, CMA, ACCA, CIA, CISA etc are also eligible to apply.
Minimum 4 years' experience related to the above duties and responsibilities, out of which 2 years’ experience should be in a similar supervisory role in development sector. Thorough working knowledge of regulations and procedures of international donors is required. Experience of working with International NGOs, donor agencies, or other reputed international development organizations will be a plus
Demonstrated compliance to the International Professional Practices Framework (IPPF) of Institute of Internal Auditors (IIA), USA
Knowledge of IAS, IFRS, ISAs, Companies Ordinance 1984, Income Tax Ordinance 2001, and other relevant frameworks and laws
Knowledge of hardware, information systems, network and office automation activities, audit software, security and controls
Knowledge of the business objectives and processes of various and complex environments such as information technology, telecommunications, human resources, operations, and development sector practices
Ability to think “outside the box” and apply creative and constructive thinking to propose recommendations for improvements to internal processes controls, procedures, and policies
Computer literacy with demonstrated use of word processing, database and presentation software (Word, Excel, Power Point etc.)
Excellent writing and communications skills in English required
Ability to assume leadership role and independently manage the activities of Internal Audit & Compliance department on day to day basis
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