The Compliance and Risk Assistant is responsible in carrying out effective full audit of assigned projects (walkthrough, risk assessment, execution of procedures and summary of audit results) under the supervision of Compliance and Risk Lead.
DESCRIPTION OF FUNCTIONS
PLANNING
- Close coordination with C&R Lead regarding assignment of tasks, schedule of kick-off meeting and interviews
- Coordinate and agree interview schedules with the project manager, project-site and accounting employees
- Conduct and document walkthrough interviews with process owners
- Submit risk assessment and list of audit procedures to C&R Lead for review
- Send list of audit requirements to project-site and accounting employees
CONDUCT OF REGULAR/ SPECIAL AUDIT, CASH COUNTS & FOLLOW-UPS
- Check compliance with existing policies and adequacy of existing internal controls by performing audit procedures on/off-site
- Proper and timely coordination with process-owners of audit samples and requirements
- Submit working papers with complete supporting evidences to C&R Lead for review
- Conduct surprise cash counts (advances, collections, petty cash fund, emergency fund and accountable forms) as planned for the year
- Conduct follow-through audits according to the approved annual audit plan • Conduct special audits as needed
- Immediately elevate concerns encountered during the audit (i.e unresponsive auditees, unprovided documents, threats, etc) to C&R Lead and C&R Head
PREPARATION AND REVIEW OF AUDIT RESULTS
- Immediately discuss with Project Manager & Accounting Supervisor the noted findings during the course of audit and document responses
- Elevate immediate/major findings to C&R Lead and C&R Head, when necessary
- Respond to concerns, questions and comments from the C&R Lead and C&R Head during the review of audit working paper
