Internal Auditor

VACANCY ANNOUNCEMENT FOR LAO NATIONAL

 

 

 

Position:                           Internal Auditor

 

Location:                          Vientiane Capital

 

Opening date:                  July 8, 2014

 

Application deadline:      July 21, 2014

 

 

 

Work Context/Background:

 

WV is committed to maintaining the highest standards of stewardship and accountability.  The concept of accountability is central to WV's Core Values. The WVI Audit Department has responsibility to ensure that each office operates under satisfactory systems of internal control and has a duty to make recommendations and to report cases of inadequate internal control so that steps can be taken to strengthen controls in a timely manner.

 

WV's ministry involves the use of large sums of donated money in its offices and projects.  For many, the sums WV and project staff is called upon to handle are vast in relation to their incomes and personal and family needs.  The temptations placed before WV and project staff can be substantial.  The management has an obligation to ensure that resources are used for their approved purposes with strong control internal accounting controls, systems and procedures in place to protect staff and minimize the risks of loss in various forms.

 

 

 

Purpose of the position:

 

1.      Assist in reviewing internal Audit reports to ensure that it is compliant to WVI policies and procedures and meet the requirement of audit industry standards.

 

2.      Perform audits ensuring that standards, procedures and protocols are in compliance with the Institute of Internal Auditors Standards for the Professional Practice of Internal Auditing (SPPIA), the US Government Generally Accepted Auditing Standards (GAGAS) for US Government Funding and World Vision’s Financial Manual Internal Audit policies and procedures.

 

 

 

                                             Major Responsibilities

 

Audit Engagement

 

Assisting Audit Manager to plan, implement and monitor risk-based audit engagements for WV LAOS according to WV Global Internal Audit (GIA) Audit Frequency Policy and general accepted internal audit standard.

 

1.   Conducts audits to assess the effectiveness of internal controls, accuracy of financial records, and efficiency of organizational operations using professional audit standards and practices by:              

 

a)   Examining various departmental records and interviews staff to ensure accurate recording of transactions and compliance with the World Vision International policies and procedures.

 

b)   Inspecting accounting systems to determine their efficiency and protective value in the recording and management of organization resources.

 

c)   Reviewing records pertaining to fixed and movable assets to determine degree to which they are effectively, efficiently and economically utilized.

 

d)   Analyzing data obtained for evidence of deficiencies in internal controls, duplication of effort, extravagance, fraud, and non-compliance with country laws, government regulations, and management policies or procedures.

 

2.   Prepares reports of audit results and recommendations to management using good written skills.

 

3.   Conducts special reviews/investigations as directed.

 

4.   Conducts compliance reviews of organization records to ensure compliance with Government statutory requirements in areas including but not limited to taxation laws, employment law and any other applicable local requirements.

 

5.   Ensures that the audit programs and work practices within department are in compliance with the Institute of Internal Auditors Standards for the Professional Practice of Internal Auditing (SPPIA), the US Government Generally Accepted Auditing Standards (GAGAS) and the World Vision’s Financial Manual Internal Audit policies and procedures.

 

6.   Assists in International audit assignments as required by the Audit Manager and/or the Regional Audit Manager.

 

 

7. Maintains Continuing Education (“CPE”) by attending professional seminars and trainings. The incumbent should maintain a minimum of 80 units every 2 years (with 24 in US government accounting/auditing).

 

 

 

Risk Advisory:

 

To provide risk consultation service to WV LAOS management.

 

1.      Assist to Audit Manager to advice management on the formulation of risk management strategies and policies and all operations areas of the organization with a view of ensuring all management policies adequately mitigate the risks identified – this role will not include the development of the actual policies and systems.

 

2.      Assist to Audit Manager to provide summaries of audit results and trends to management regularly and in subsequent audits determine that audit recommendations have been tracked and implemented by management.

 

3.     Assist to Audit Manager to provided trainings on risk managements, internal controls, fraud related topics, and consulting  services , as appropriate

 

Quality Assurance Improvement Program (QAIP)

 

Develop and maintain a quality assurance and improvement and program that  covers all the aspects of the internal audit activity.

 

1.      QAIP is designed to enable an evaluation of the internal audit activity’s conformance with the

 

  • Definition of Internal Auditing 

 

  • The Standards

 

  • The Code of Ethics

 

 

 

2.      The QAIP also assesses the effectiveness and efficiency of the internal audit activity and identifies opportunities for improvement. This includes internal assessment and external assessment from peers.

 

3.      Specific areas for improvements are:

 

  • Shifting to paperless audits such as E-binders, E-work papers and E-review
  • Shifting to LAN based audit tracking system and other systems
  • Etc...-as defined in the annual audit plan.

 

Assisting WV GIA  Audit and external audit

 

1.      Assist on international audit assignments as required by WVGIA Department.

 

2.      Assist in selecting firms, planning, and performing annual external audit work on behalf of external auditors (if applicable and cost-effective).

 

Internal and External Coordination and Liaison

 

1.     Maintain internal and external relations that will enhance audit engagement of WV LAOS

 

2.      Maintain good work relationships with key managers and vendors.

 

Knowledge Management

 

1.      Contribute in continuous learning on appropriate Audit standards, procedures and tools that is appropriate to the context of WV LAOS

 

2.      Share best practices in WV’s community of practice and centre of excellence.

 

Capacity Building

 

1.     Share resources and appropriate materials and learning opportunities that is appropriate to their professional growth of internal auditors.

 

General

 

1.     Support activities that will enrich and develop mutual growth in Christ.

 

2.     Perform any other tasks assigned by the supervisor.

 

 

 

Education:

 

·       Graduate preferably business related studies, if other must have full accounting qualifications as well.

 

·       Full accounting or auditing qualifications – ACCA, CPA, CIA or other internationally recognized accounting/auditing qualification.

 

Knowledge and Skills:

 

·  SYSTEMS, POLICIES, BUSINESS PROCESSES, INTERNAL CONTROLS - This capability is about understanding, analysing and developing systems, internal controls, policies and guidelines to support financial and accounting processes, operational management, information flow and being able to spot/identify weaknesses/breakdown in the systems and controls or the absence thereof.

 

·  KNOWLEDGE OF GOVERNMENT REGULATIONS/RULES (Legal Know-how) – Knowledge and understanding of government rules and regulations relating to corporations, taxation, donations, investments, banking, accounting, labour, contracts.

 

·  FINANCIAL ANALYSIS, INTERPRETATION OF DATA - Strong analytical skills and adeptness in reviewing trends and comparing plans to actual results and highlighting resulting gaps or discrepancies in operational processes.

 

·  Good command of the English Language both orally and in writing

 

·  Working knowledge of community/Transformational development

 

·  Ability to travel abroad and across the country.

 

 

 

Experience:

 

·  Must have prior auditing experience of at least 2 years in a recognized organization.

 

·  Experience in public accounting will be an added advantage.

 

Work Environment

 

·  The position is based in the National Office but travel should be made in order to perform the internal audit of ADPs/Projects based on annual audit schedule.

 

·  Travel at least 40 % of the time both locally and internationally

 

 

 

Core Capability:

 

Achieving Capabilities:            Achieving quality results and service, Practicing accountability and integrity and Communicating information effectively

 

Self-Managing Capabilities: Demonstrating Christ-centre life and work, Learning for growth and development, and Maintaining work/life balance and effectiveness

 

Thinking Capabilities: Thinking clearly, deeply and broadly, Understanding the Humanitarian Industry, Understanding World Vision’s mission and operations, and Practicing innovation and creativity

 

Relational Capabilities:           Building collaborative relationships, Practicing gender and cultural diversity, Influencing individuals and groups

 

 

 

Interested candidates are invited to submit their application that includes a cover letter and comprehensive CV in English, including details of 3 professional referees. Applicants should state which position (s) they are interested in Please send your application to World Vision Lao PDR, Box 312, Vientiane or Tel: 021 452 100 or 020 22220981.

 

Email address: Siriphone_niradsay@wvi.org

 

All applications will be treated confidentially and only short-listed candidates will be notified.

 

 

 

           Newly motivated graduate are also welcome to apply.