Manager - Internal Audit

Aisha Steel Mill Limited

Karachi , Pakistan

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Key Responsibilities:

Prepare and update a comprehensive risk-based audit plan for evaluating the effectiveness of controls in place to manage significant risk exposures, insure the integrity and reliability of information and financial reporting, safeguard company’s assets, and comply with laws and regulations.
Develop and execute the annual audit plan and perform duties necessary to achieve the internal audit objectives and scope.
Include all company locations and cross Group functions in the audit universe to determine if they are performing in compliance with management’s policies, procedures, goals and objectives.
Evaluate the organization’s system of internal control to ensure that it is functioning as planned and that it is updated as necessary to meet changes in operating conditions. Proactively promote effective internal financial control to mitigate the risk of fraud and error.
Coordinates the internal audit effort with those of the company’s external auditors.
Report the results of all audits to senior management and the Audit Committee.
Communicate information to and from the Audit Committee and senior management regarding the audit function.
Ensure that senior management and the Audit Committee are aware of current issues related to all areas covered by the Internal Audit department, including internal financial control, corporate governance, audit committee and internal audit matters.
Review and record actions taken by management to correct conditions reported by audit findings. Determines that actions taken are appropriate for the circumstances or initiates further discussions with appropriate management and staff.
Organize, direct, and control the Internal Audit department and the work of all internal audit staff.
Involvement in the implementation of new processes and systems to provide an independent view of the quality of the project management and to embed an effective control framework from the start. Ensure the new processes and systems comply with the company policies and procedures.
Review and challenge the company’s policies to ensure that they are up-to-date and relevant.
Maintain audit files by documenting the audit procedures used and each of the audit reports completed, including effective quality control processes.
To identify fraudulent activities and controls for prevention of fraud and system bypassing.