To execute assigned areas of internal audit plan for Borouge in order to ensure that internal control system for integrity and reliability of financial, operational and information technology is implemented and working efficiently and effectively. Make effective recommendations for corrective actions as required, working with high ethical standards.
1 Participates in the development of the Annual Audit Plan (AAP) based on the results of risk assessment exercise.
2 Surveys functions and activities, in assigned areas, to determine the nature of the operations and the adequacy of the system of control to achieve established objectives including the efficiency with which resources are employed and to identify profit and/or cost-effective improvements.
3 Determines the objectives and approach of the proposed audit effort.
4 Plans or assists in the planning of the approach and scope of the audit and prepares the Audit Program and / or Risk and Control Matrix (RACM) after coordination, when required, with Consultant.
5 Determines the auditing procedures to be utilized, including the use of Information Systems Audit Techniques, statistical sampling or others.
6 Identifies high risk areas and key control points of the system to be reviewed.
7 Evaluates the system's effectiveness based on his / her business and audit experience and modifies, if necessary, the scope of the review.
8 Performs and / or supervises audits in accordance with the approved audit program and professional standards.
9 Prepares and / or reviews working papers, which record and summarize data on the assigned audit segment and the results of the audit examination.
10 Directs, counsels and trains assigned staff and reviews their work as to adequacy of scope and accuracy.
11 Ensures that approved audit objectives have been met, adequate coverage has been obtained to support the conclusion and recommendations, and that the work has been followed in accordance with professional audit standards.
12 Analyses and appraises evidentiary data as the basis for an informed, objective opinion on the adequacy and effectiveness of the system and the efficiency of performance of the activities reviewed.
13 Recommends improvements in management controls designed to mitigate business risks, safeguard company assets and contribute to growth and improve profitability/ economies.
14 Prepares the audit report, expressing professional opinions on the adequacy and effectiveness of the risk management, control systems and the efficiency with which activities are carried out. Recommends improvement options to rectify reported deficiencies for IAM review.
15 Subsequently, appraises or assists in the appraisal of the adequacy of the corrective actions taken on audit recommendations/improvement options.
16 Performs ad-hoc appraisals and special reviews as directed by IAM / VP - CAAF.