PRIMARY PURPOSE
The Internal Audit Associate is responsible for providing support to the development and execution of audit projects in all areas of business operations, including assisting in identifying and assessing financial, compliance, strategic and operational risks, and assists with maintaining on-going compliance requirements and report writing.
The Associate conducts basic evaluations to assess for compliance, conducts analyses, research and compiles information for reports. The role brings significant issues to the attention of senior staff.
KEY ACCOUNTABILITIES
Assists with all aspects of the execution of the audit project from start to completion by organizing and compiling project information to assist in the preparation of basic audit reports.
Carries out basic internal audit assessments by reviewing contracts, assessing and ensuring contract compliance.
Works with senior staff to review the adequacy of internal controls to manage risks and protect corporate assets from loss.
Coordinates and provides support in the analyses of assessments to protect corporate assets from loss and evaluates business processes. Alerts senior level staff of significant issues.
Conducting basic follow-on audit recommendation assessments as assigned by senior Internal Audit staff; conducts research and analyses and compiles information for audit reports.
Supports the internal control processes by creating and maintaining information for the preparation of audit reports and recommendations for improvements to systems, processes, policies, and internal controls; collects management responses and action plans; assisting in post-audit follow-up to support the evaluation of implementation progress, and effectiveness of recommendations.
Liaises with internal and external stakeholders to gather data and reviews audit findings.
Provides general administrative support such as collecting data on functions within each audit unit and collaborating with senior staff to assess inherent risk and control risk within each of the audit units.
Researches best practices and conducts literature reviews, synthesizing research results and assisting in the development of reports and presentations.
Assisting with special projects and investigations as required, including preparing report findings and identifying internal control implications.
