Internal Auditor And Financial Controller

Basic Function: Purpose and Scope  Internal Auditing is an independent function established within an organization to examine and evaluate its activities as a service to the organization.  The objective of internal auditing is to assist Management and the Board in the effective discharge of their duties.  It is the Board's responsibility to set policies, and the auditor's role to independently and objectively analyze, review, and evaluate existing procedures and activities, to report on conditions, and to recommend changes for consideration.   To this end, internal auditing furnishes analysis, appraisals, recommendations, counsel, and information concerning the activities reviewed.   Duties Performed:   1.       Develop an audit plan to evaluate the institution's financial, operational and EDP controls. 2.       Assess the economical and efficient use of resources. 3.       Determine the level of compliance with established laws, rules, policies and procedures. 4.       Recommend adoption of desirable policies or changes to existing policies. 5.       Follow-up on the adequacy of corrective actions. 6.       Conduct special projects at the request of the Board. 7.       Investigate cases of misappropriation, misconduct, fraud. 8.       Establish and maintain professional rapport with external auditors and management. 9.       Keep Audit Committee and Board fully informed on a timely basis of the activities of the Internal Auditing Department.