Job Description
PRINCIPAL INTERNAL AUDITOR ASB 4 REF:PSASB/3/2023
Terms of Service Permanent and Pensionable
Reporting
Function
Reports Functional to the Audit and Risk Assurance Committee and
Administratively to the Chief Executive Officer
Job Purpose The position is responsible for providing internal assurance and consultancy services
on governance, risk management and control processes at PSASB.
Managerial
Responsibilities
a) Coordinate development and monitor implementation of the audit committee
charter, internal audit charter, policies and procedure manual.
b) Coordinate development and implementation of risk based annual audit plans.
c) Establish and manage the internal audit function in the PSASB.
d) Offer advisory services to the Board on matters relating to governance, risk
management and controls.
e) Conduct system, financial, compliance, value for money and IT audits to
assess the operating effectiveness and efficiency of internal controls and
compliance to laws and regulations.
f) Acquainting management on whether risks are appropriately assessed,
identified and managed to continuously improve Council’s risk management,
internal control and governance processes.
g) Provide facilitative roles during development and implementation of PSASB risk
management policy framework
h) Periodically apprise and advise CEO and the Board on the integrity, accuracy
and reliability of significant financial, managerial and operating information
generated by the organization.
i) Oversee development and implementation of the Board integrity strategies
and policies.
j) Analyse the Board Corruption Perception index and advising the management
on strategies to improve on the same.
k) Articulate the provisions of the Leadership and Integrity Act, Public Officers
Ethics Act, Bribery Act to the Authority.
l) Ensure compliance with the International Professional Practice Framework,
PFM Act, regulations and guidelines in relation to internal audit and audit
committees.
m) Coordinate work in the internal audit division with other assurance providers
to ensure optimal efficiency and audit coverage.
n) Follow up on internal and external audit recommendations and report progress
to the audit committee.
o) Prepare periodic reports to the Audit Committee.
p) Coordinates secretarial services to the Audit Committee of the Board;
q) Supervise staff in the department and ensure conducive working environment
that promote their performance.
r) Facilitate the statutory audit process
s) Supervise audit engagements and review working papers to assess whether
audit objectives have been achieved and findings are supported with audit
evidence.
t) Conduct risk assessment of the department and implement risk management
strategies.
u) Implement performance management of the division.
v) Mentor and coach staff in the division
w) Manage the divisions budget
Operational
Responsibilities
a) Day to day management of the division
b) Conduct ad hoc audit assignments and provide consultancy services on risk
management, internal control and governance on management request.
c) Lead in sensitization of internal controls and risk management processes.
d) Develop and implement a quality assurance and improvement program for the
internal audit section.
e) Prepare and discuss audit findings with management to obtain management
action plans.
f) Maintain safe custody of audit files to promote confidentiality.
g) Prepare and present quarterly internal audit report to the audit committee.
h) Conduct client satisfaction surveys to identify and address any performance
gaps.
i) Identify staff training needs for the division and facilitate training and staff
development.
j) Discuss and review draft audit programs before the start of an audit
assignment.
k) Review draft audit reports and taking up queries and observations that need
further interrogation and follow-up.
l) Undertake investigative activities on operations and business line management
and any other advisory services required in line with the guidelines set out in
the audit charter.
m) Provide technical support during periodic review and updating of PSASB
internal control systems to ensure their adequacy to prevent errors and
irregularities.
Academic
Qualification
a) Bachelor’s degree in any of the following disciplines: - Finance, Accounting,
Accounting, or its equivalent from a recognized institution;
Professional
Qualification
a) Passed Part III of CPA or ACCA;
b) Be a full member of ICPAK in good standing
c) Be a member of Institute of Internal Auditors in good standing
Other
requirements
a) Senior Management Course lasting not less than four (4) weeks from a
recognized institution
b) Demonstrate thorough knowledge, understanding and experience of
international standards for the professional practice in internal auditing
standards; and
c) Proficiency in Computer applications and CAATs.
Relevant work
Experience
a) Eight (8) years cumulative work experience in Auditing, Finance or Accounting
Function in a reputable organization three (3) of which should have been in a
management position