Job Vacancy For Internal Audit Officer

A reputable Financial Institution with branches across the country requires the services of INTERNAL AUDIT OFFICER. The successful candidate must have thorough knowledge of accounting/audit procedures and sound judgment. 

Responsibilities

• Check the branch’s adherence to all policies and procedures 
• Check branch compliance with accounting and internal control protocol by:
• Confirming authorization for cash disbursement and office expenses;
• Scrutinizing accounts classification;
• Scrutinizing cash handling procedures;
• Confirming a separation of duties such as prohibiting opportunities for fraud;
• Confirming the safekeeping of cash and files; 
• Verifying balances in client deposit accounts, internal accounts and external accounts; and
• Assessing the adequacy of staff output to the branch’s current level of business.
• Ascertain the existence and true value of accounts by:
• Counting and reconciling cash on hand with the Daily Cash Journal;
• Confirming balances of inventories, loans, repayments, etc.;
• Scrutinizing the rate of aging on loans; and
• Confirming account balances with creditors and debtors.
• Check allocated budgets against actual expenditures to report any discrepancies;
• Check the inventory list and depreciation schedule.  In addition, confirms that the branch’s assets agree with its official inventory list, and that its fixed assets are accurately and consistently depreciated;
• Discuss the audit process with branch management and staff prior to conducting it, and afterward to clarify initial findings and recommendations;
• Prepare audit reports; and
• Review the branch’s compliance with audit recommendations.