Group Head of Audit
(Beirut)
The Head Internal
Audit is responsible for planning and directing a comprehensive risk-based
Internal Audit Program. He is also responsible for planning and conducting
financial, operational, compliance
and internal control audits. The role
evaluates and provides reasonable assurance that risk management, control, and
governance systems are functioning as intended.
STRATEGIC:
• Prepare an internal
audit charter for approval of the Audit Committee (reporting to Board of
Directors), Establish internal audit processes and policies and set internal
control standards for effective audit, through professional guidance,
development and maintenance of an audit guidelines manual.
• Lead the internal
audit function, ensuring adherence to Audit Committee audit policies,
regulatory authority guidelines and approved audit and accounting standards and
ensuring proper planning, reporting and timely execution by staff
• Review new and
existing policies and plans relating to activity or function under audit
review.
• Provide leadership,
expertise and professional advice to the Audit Committee on internal audit
matters and departmental self-audit to ensure that the company's objectives are
supported with the right audit program.
• Monitor adherence of
all functions to internal control policies and procedures
OPERATIONAL:
• Prepare a risk-based
annual audit plan detailing the scope, nature and timing of audit activities
• Design internal
audit procedures and work programs to ensure that detailed audit work is
effectively focused on high risk areas
• Conduct internal
audits to assess the adequacy, effectiveness and efficiency of established
internal controls and procedures
• Conduct strategic
audit
• Supervise IT audit
• Update the company
audit plan and manual as per the latest standards
• Conduct audit at the
subsidiaries levels and develop for each subsidiary the audit plan etc.
• Identify key areas
of risk within the organization and propose appropriate controls to mitigate
the risks
• Review the accuracy,
timeliness and relevance of financial information and other disclosures
provided to management
• Ensure that audit
observations and recommendations are clearly presented and agreed to by
management and that a subsequent audit report is issued promptly
• Monitor the timely
implementation of all agreed upon recommendations
• Perform special
reviews/audits as and when requested by the Audit Committee.
• Participation in
project work where applicable.
KEY INTERACTIONS:
• Audit Committee
• Board of Directors
• CEO, CFO, COO
• Senior Management
• Legal
• Department Heads
• External Auditors
• External
consultation
