Supervise the activities of the Resident Compliance Officers and Audit Officers.
Review and evaluate the audit practice in the organization
Ensure that the present audit practice in the company is in line with the international audit standard.
The head of internal audit must ensure that the department complies with sound internal auditing standards and with a relevant code of ethics.
To independently carry out the evaluation and examination of the effectiveness and efficiency of the internal control, risk management, and governance systems.
To carry out periodic reviews of the compliance activities within the organization in line with the local laws and regulations.
Promote and support a culture of compliance, risk avoidance/mitigation, and corporate accountability throughout the company via training and knowledge in sharing.
Regular monitoring and supervision of the field auditors’ assignments.
Prepare reviews and evaluations of the annual audit budget and audit plan.
Safeguard the assets of the company.
Carry out special assignments, and investigations that may be requested from the management
Ensures that all the regulatory and statutory requirements are adhered to and all payments and returns are done by the prescribed due dates
Ensure capital & revenue expenditure complies with policies and approval limits.
Ensure compliance of loans disbursement to credit policies
Ensure appropriate level of communication is maintained on internal Control matters to support the framework and ensure appropriate ownership and accountabilities from management and managers.