Hi, Can anyone confirm if my job description is a close match to NOC 1111 - Financial Auditor category. Appreciate your response on the same.
· Plans financial and operational audits by understanding organization objectives, structure, policies, processes, internal controls, financial statements, external regulations and by identifying risk areas. Prepares audit plan, scope, objectives and audit programs.
· Assesses the controls, reliability and integrity of company’s internal control environment to assist with maintaining and improving the efficiency and effectiveness of risk management, internal controls and corporate governance.
· Conducts financial and operational audit assignments in line with the Internal Audit plan. Examines and analyzes the accounting and financial records including financial statements, documents, data, policies and procedures, general ledger, bank statements, cash flow statements, income statements, balance sheets and internal control system to ensure improvement in financial and operational processes, accuracy of accounting records and compliance with established accounting standards and procedures.
· Performs audit procedures including testing of key controls, collecting data/ information, reviewing and analysing evidence, and processes and procedures in a competent and professional manner.
· Assesses risks and internal controls by identifying areas of non-compliance; evaluating manual and automated financial processes; identifying process weaknesses and inefficiencies and operational issues.
· Completes audit work papers by documenting the audit tests, findings, control deficiencies and the associated risks.
· Makes recommendation to management on ways to improve the efficiency of a company’s financial reporting system and to tweak the design of operational and financial processes in order to strengthen the control environment by assessing risk and identifying opportunities for improvement
· Discusses the audit finding with the auditees and agrees on an action plan with them along with timeline to address the audit finding.
· Follows up with the auditees on a quarterly basis on the agreed action plan to ensure that the recommendations made are timely implemented and tests the effectiveness of the action plan implemented to ensure efficiency in accounting, operational and management practices.
· Examines organization structure, policies, procedures, delegation of authority document, financial statements, financial data and trends to provide operational, financial and governance advice to the Management and/or Board.
· Provides advice to the management on the development of financial and operational policies, implementation of the financial software to strengthen the internal control framework and to ensure adequate financial control.
· Performs due diligence, compliance reviews and conduct risk assessments and provide advice to the management with an objective to promote/facilitate compliance to statutory requirements and internal control framework and to mitigate risk.
· Supports team members, supervises and trains other junior auditors as and when instructed by the line manager.
· Assists in designing the auditing process using common standards of practice, company policies and business goals.
· Assists external auditors in their completion of the financial statement audit.
· Updates technical knowledge by participating in educational opportunities, reading professional publications, maintaining personal networks, participating in professional organizations.
· Plans financial and operational audits by understanding organization objectives, structure, policies, processes, internal controls, financial statements, external regulations and by identifying risk areas. Prepares audit plan, scope, objectives and audit programs.
· Assesses the controls, reliability and integrity of company’s internal control environment to assist with maintaining and improving the efficiency and effectiveness of risk management, internal controls and corporate governance.
· Conducts financial and operational audit assignments in line with the Internal Audit plan. Examines and analyzes the accounting and financial records including financial statements, documents, data, policies and procedures, general ledger, bank statements, cash flow statements, income statements, balance sheets and internal control system to ensure improvement in financial and operational processes, accuracy of accounting records and compliance with established accounting standards and procedures.
· Performs audit procedures including testing of key controls, collecting data/ information, reviewing and analysing evidence, and processes and procedures in a competent and professional manner.
· Assesses risks and internal controls by identifying areas of non-compliance; evaluating manual and automated financial processes; identifying process weaknesses and inefficiencies and operational issues.
· Completes audit work papers by documenting the audit tests, findings, control deficiencies and the associated risks.
· Makes recommendation to management on ways to improve the efficiency of a company’s financial reporting system and to tweak the design of operational and financial processes in order to strengthen the control environment by assessing risk and identifying opportunities for improvement
· Discusses the audit finding with the auditees and agrees on an action plan with them along with timeline to address the audit finding.
· Follows up with the auditees on a quarterly basis on the agreed action plan to ensure that the recommendations made are timely implemented and tests the effectiveness of the action plan implemented to ensure efficiency in accounting, operational and management practices.
· Examines organization structure, policies, procedures, delegation of authority document, financial statements, financial data and trends to provide operational, financial and governance advice to the Management and/or Board.
· Provides advice to the management on the development of financial and operational policies, implementation of the financial software to strengthen the internal control framework and to ensure adequate financial control.
· Performs due diligence, compliance reviews and conduct risk assessments and provide advice to the management with an objective to promote/facilitate compliance to statutory requirements and internal control framework and to mitigate risk.
· Supports team members, supervises and trains other junior auditors as and when instructed by the line manager.
· Assists in designing the auditing process using common standards of practice, company policies and business goals.
· Assists external auditors in their completion of the financial statement audit.
· Updates technical knowledge by participating in educational opportunities, reading professional publications, maintaining personal networks, participating in professional organizations.