Internal Audit Manager – Riyadh, Saudi Arabia. The work may also involve special investigations or assignments which may be directed by Board Audit Committee from time to time.
Scope & Reporting
The scope of work includes review of the internal controls operating in the financial, operational and compliance area within the Group. The work may also involve special investigations or assignments which may be directed by Board Audit Committee from time to time.
Internal Auditor will report directly to the Board Audit Committee (“BAC”).
Internal Audit Manager – Riyadh, Saudi Arabia
The scope of work includes the following:
· Preparation of risk based annual audit plan
· Conducting limited individual audit assignments as per the annual audit plan
· Conduction ad hoc assignment/investigations as directed by the Board Audit Committee or the management
Internal Audit Manager . Following key areas should be covered in the audit plan:
§ Finance and Accounts
§ Project Management and procurement
§ Governance and Contract Compliance
§ HR, Admin & payroll
Internal Audit Manager. Responsibilities
a) Carrying out all activities necessary to conduct the audits in an effective professional and timely manner.
b) Reporting any significant issues that affect the processes for controlling the activities of, and managing the risks faced by, the companies audited.
c) Obtaining updates from operating management/Technical representatives on the agreed courses of action to rectify weaknesses identified.
d) In the case of critical issues, perform follow-up audits to confirm if agreed recommendations have been correctly implemented, and are adhered to consistently.
e) Periodically, attending BAC meetings and reporting to the BAC on the status and results of the annual audit plan and the sufficiency of IA resources.
f) Reviewing internal control systems and reporting on whether the systems provide reasonable assurance against material misstatement, loss and fraud.
Internal Audit Manager. Authority
In carrying out their duties and responsibilities, IA personnel will have full, free and unrestricted access to all company records, property, personnel and other relevant resources.
IA personnel shall have the right to requisition and remove any document, information or property of the Company for auditing purposes and return them within reasonable time.
IA shall finalize reports where written management responses are not forthcoming after the lapse of a stipulated and reasonable period for management to provide responses.
The Internal Auditor shall have the right to request the sealing of immovable property and premises considered necessary by the officers for the conduct of special investigations arising from suspected fraud.
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