Internal Auditor
A Leading National NGO
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| Posted date | 26th July, 2024 | Last date to apply | 10th August, 2024 |
| Category | Accounting/Auditing | ||
| Status | Closed | ||
| VACANY ANNOUNCEMENT | ||||||
| Taraqee Foundation is seeking applications from interested candidates to fill the following position urgently | ||||||
| Sr. No. | Title/ Position | Requirement | ||||
| Gender | Location/ Duty Station | Academic Qualification | Experience in relevant field (No. of Years) | Skills/ TOR/JD/ Job Summary | ||
| 1 | Internal Auditor | Male/ Female | Quetta | CA/ACCA/ICMA/M.Com | 08-10 Years | Section: Internal Audit & Compliance department Reports to: Audit Committee Board of Directors 1. Objective: Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. Its primary objective is to assist the organization in achieving its strategic, operational, financial, and compliance objectives by evaluating and improving the effectiveness of risk management, control, and governance processes. Internal audit serves as the principal guardian of organizational integrity by diligently monitoring and controlling work flaws and system errors across all departments and program. Conduct comprehensive assessments of TF's objectives, projects, and programs to identify weaknesses, risks, and opportunities for enhancement. Independent Appraisal: Perform independent appraisals of the effectiveness of TF's policies, procedures, and internal controls governing the management of financial and physical resources. Evaluate adherence to established policies and procedures, identifying deviations and recommending corrective actions as necessary. 2. Context: The Internal Audit Department of Taraqee Foundation (TF) is dedicated to supporting the realization of TF's vision that is “Prosperous, enlightened and Just Society” By aligning internal audit activities with TF's vision, objectives, and professional standards, the Internal Audit Department plays a crucial role in facilitating program development and implementation, promoting accountability, transparency, and effectiveness in achieving TF's broader goals. In order to realize its vision and achieve its broader objectives, our scop of responsibilities through conducting Operational and Compliance Audits, Internal Control Reviews, program development efforts by conducting risk assessments, Alignment with Professional Standards. |
| Reporting Line: The Internal Audit Department at Taraqee Foundation (TF) reports directly to the Audit Committee of the Board of Directors, ensuring independence, objectivity, and accountability in audit activities. 3. Key Responsibilities/ Functions: Risk-Based Audit Planning and Execution: • Develop an annual risk-based audit plan that aligns with the organization's strategic objectives, considering input from management and the Audit Committee. • Conduct audits in accordance with the approved plan, focusing on areas of significant risk, internal control weaknesses, and emerging threats. • Utilize appropriate audit methodologies and tools to assess the adequacy and effectiveness of internal controls, compliance with policies and procedures, and the reliability of financial and operational information. Compliance and Regulatory Review: • Evaluate compliance with applicable laws, regulations, and internal policies to ensure adherence and mitigate legal and regulatory risks. • Monitor changes in regulatory requirements and standards, advising management on necessary adjustments to maintain compliance. Financial Audit and Controls Assessment: • Review financial statements and transactions to ensure accuracy, completeness, and compliance with accounting standards and regulatory requirements. • Assess the effectiveness of financial controls in safeguarding assets, preventing fraud, and ensuring the reliability of financial reporting. Operational and Process Audit: • Evaluate operational processes and procedures to identify inefficiencies, risks, and opportunities for improvement by conducting pre and post review of financial documents. • Recommend enhancements to operational controls, workflows, and resource utilization to optimize performance and mitigate operational risks. Fraud Detection and Investigation: • Conduct fraud risk assessments and implement measures to prevent, detect, and respond to fraudulent activities. • Investigate allegations of fraud, misconduct, or irregularities, maintaining confidentiality and adhering to legal and ethical standards. |
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| Quality Assurance and Improvement • Establish and maintain a quality assurance and improvement program to ensure the effectiveness and efficiency of internal audit activities. • Periodically assess the department's conformance with professional standards, best practices, and organizational policies, implementing enhancements as needed. Risk Assessment and Mitigation: • Conduct risk assessments to identify internal and external factors that may impact TF's operations, finances, and reputation. • Develop risk mitigation strategies with program & finance units and internal control enhancements to minimize exposure to risks and vulnerabilities. Facilitation and Collaboration: • Provide support and guidance to TF's departments and programs in implementing effective controls and best practices. • Foster collaboration and knowledge sharing to enhance organizational resilience and capacity for continuous improvement. Follow-up and Monitoring: • Monitor the implementation of audit recommendations and corrective actions by management, tracking progress and verifying effectiveness. • Report on the status of outstanding audit issues to the Audit Committee and senior management, escalating unresolved issues as necessary. Compliance and Ethics: • Monitor compliance with laws, regulations, donor requirements, and ethical standards applicable to TF's operations and activities. • Investigate fraud, misconduct, or ethical breaches, ensuring thorough and impartial resolution in accordance with established protocols. |
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| Independence and Objectivity: • Maintain independence, objectivity, and integrity in conducting audit activities, free from undue influence or conflicts of interest. • Uphold the principles of the internal audit profession and TF's code of conduct, demonstrating professionalism, impartiality, and ethical behavior. Confidentiality and Data Protection: • Safeguard the confidentiality and security of sensitive information obtained during audit engagements, ensuring compliance with data protection laws and organizational policies. • Exercise discretion and caution in handling confidential data to preserve trust and maintain stakeholder confidence in TF's operations. Accountability to the Audit Committee: • Report directly to the Audit Committee of TF's Board of Directors, providing updates on audit activities, findings, and recommendations during meetings. • Facilitate the Audit Committee's oversight role by furnishing accurate, reliable, and timely information to support informed decision-making and governance 4. AUTHORITY: The internal auditor has authorized to check all the financial and program data in head office as well in regions, to engage staff in his work during the conduction of audit apart of their work. |
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To apply, please send your updated CVs at [email protected]. Last date to apply is August 10, 2024. Only shortlisted candidates will be contacted for test and interview.
We are an equal opportunity employer and persons with disabilities are encouraged to apply.
The organization has zero tolerance towards Sexual Harassment and Sexual Exploitation & Abuse.