Auditor Responsibilities

Auditor Responsibilities

Internal Audit activities will be carried out in a professional manner, and according to

accepted standards of practice within the internal audit industry. In order to ensure this

level of performance, all personnel assigned to the department must share responsibility

for the completion of all assigned tasks in a professional manner.

Internal Auditor: The Internal Auditor is generally responsible for the following:

·         Disclosing or declaring any impairment to independence or objectivity that may exist.

·         Performing assigned tasks in an independent and self-directed fashion.

·         Completing assigned tasks in a timely, thorough, accurate and well-documented manner.

·         Submitting all completed work papers to the Director of Internal Audit for final review and approval.

·         Completing other tasks as assigned.

·         Conducting oneself in a professional manner at all times; avoiding those situations that would lead to criticism by the area being audited, or by the general public.

·         Assuming a friendly and cooperative demeanor with the audited area’s staff.  Disagreements should be reported to the Director of Internal Audit.

·         Conducting work so as to minimize disruption of the audited area’s workflow or ability to service their customers.

·         Acquainting oneself with the premises, responsible employees, and the location of records early in the audit.

·         Requesting any files that may be needed. Management of the audited area should be made aware that the Internal Auditor has those files.

·         Safeguarding all files / records that have been entrusted to the Auditor’s possession.

·         Returning all files / records to the person or area they were obtained from.

·         Maintaining all records in the same or better condition than that in which they were found.

·         Retaining all records on premises - never removing vital documents from the premises.

·         Returning all documents taken to the Internal Auditor’s work area to the records custodian by the end of the day if such return is requested.

Additional Responsibilities: The Internal Auditor also bears the following, higher-level responsibilities:

·         Developing a familiarity with the organization and functions of the unit to be audited.

·         Pre-planning the audit in accordance with the scope and complexity of the area under review.

·         Ensuring that an assessment of risks is incorporated into, or forms the basis of all audit work planned and performed.

·         Accepting responsibility and accountability for the audit work performed on assigned projects.

·         Managing the audit in relation to time and resource budgets.

·         Ensuring that audit findings and recommendations made during the course of the audit are promptly communicated to management.

·         Ensuring that all Worksheets issued are properly constructed, supported, and communicated.

·         As work papers are completed, ensuring that all objectives have been accomplished and all conclusions are properly supported.

·         Ensuring that the audit or review is conducted with the least amount of disruption to the audited area as is possible.

·         Conducting an “Exit Review” or briefing at the culmination of field work.

·         Drafting and seeking approval for a formal Audit Report.

·         Finalizing the audit file(s), and ensuring that all supporting documentation is properly retained.

·         Performing follow-up work as necessary subsequent to the audit.