Principal Internal Auditor at Public Sector Accounting Standards Board (PSASB)

ASB 4 REF:PSASB/3/2023

Job Purpose

The position is responsible for providing internal assurance and consultancy services on governance, risk management and control processes at PSASB.

Managerial Responsibilities 

• Coordinate development and monitor implementation of the audit committee charter, internal audit charter, policies and procedure manual.
• Coordinate development and implementation of risk based annual audit plans.
• Establish and manage the internal audit function in the PSASB.
• Offer advisory services to the Board on matters relating to governance, risk management and controls.
• 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.
• Acquainting management on whether risks are appropriately assessed, identified and managed to continuously improve Council’s risk management, internal control and governance processes.
• Provide facilitative roles during development and implementation of PSASB risk management policy framework
• 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. 
• Oversee development and implementation of the Board integrity strategies and policies.
• Analyse the Board Corruption Perception index and advising the management on strategies to improve on the same.
• Articulate the provisions of the Leadership and Integrity Act, Public Officers Ethics Act, Bribery Act to the Authority.
• Ensure compliance with the International Professional Practice Framework, PFM Act, regulations and guidelines in relation to internal audit and audit committees.
• Coordinate work in the internal audit division with other assurance providers to ensure optimal efficiency and audit coverage.
• Follow up on internal and external audit recommendations and report progress to the audit committee.
• Prepare periodic reports to the Audit Committee.
• Coordinates secretarial services to the Audit Committee of the Board; 
• Supervise staff in the department and ensure conducive working environment that promote their performance.
• Facilitate the statutory audit process
• Supervise audit engagements and review working papers to assess whether audit objectives have been achieved and findings are supported with audit evidence.
• Conduct risk assessment of the department and implement risk management strategies.
• Implement performance management of the division.
• Mentor and coach staff in the division 
• Manage the divisions budget

Operational Responsibilities 

• Day to day management of the division
• Conduct ad hoc audit assignments and provide consultancy services on risk management, internal control and governance on management request.
• Lead in sensitization of internal controls and risk management processes. 
• Develop and implement a quality assurance and improvement program for the internal audit section.
• Prepare and discuss audit findings with management to obtain management action plans.
• Maintain safe custody of audit files to promote confidentiality.
• Prepare and present quarterly internal audit report to the audit committee.
• Conduct client satisfaction surveys to identify and address any performance gaps.
• Identify staff training needs for the division and facilitate training and staff development.
• Discuss and review draft audit programs before the start of an audit assignment.
• Review draft audit reports and taking up queries and observations that need further interrogation and follow-up.
• 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. 
• Provide technical support during periodic review and updating of PSASB internal control systems to ensure their adequacy to prevent errors and irregularities.

Academic Qualification 

• Bachelor’s degree in any of the following disciplines: - Finance, Accounting, Accounting, or its equivalent from a recognized institution;

Professional Qualification 

• Passed Part III of CPA or ACCA;
• Be a full member of ICPAK in good standing
• Be a member of Institute of Internal Auditors in good standing 

Other requirements 

• Senior Management Course lasting not less than four (4) weeks from a recognized institution 
• Demonstrate thorough knowledge, understanding and experience of international standards for the professional practice in internal auditing standards; and
• Proficiency in Computer applications and CAATs.

Experience 

• 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.

Deadline: 28th August, 2023 at 5.00pm.