Job Purpose
Ensure the effective and timely implementation of audit recommendations and corrective actions by tracking and monitoring follow-up activities, providing regular updates to management, and facilitating improvements in governance, risk management, and internal controls.
Position Accountability Description
Audit Follow-Up and Monitoring
1.Track the status of audit recommendations and corrective actions across departments to ensure timely completion.
2. Coordinate with relevant departments and stakeholders to gather evidence of implemented corrective actions.
3. Coordinate the review of Governmental Audit Bureau periodic requirements.
4. Maintain a detailed follow-up log documenting outstanding audit findings, implementation timelines, and responsible parties.
5. Review management responses to audit findings and ensure corrective actions adequately address identified risks.
6. Report regularly on audit recommendations, including progress, delays, and areas of concern.
7. Conduct follow-up audits or reviews to verify effective implementation of audit recommendations.
8. Collaborate with the audit team to assess the adequacy of corrective actions taken by management.
Stakeholder Engagement
9. Liaise with department heads and process owners to provide guidance on addressing audit recommendations.
10. Facilitate meetings between the audit team and relevant departments regarding outstanding issues and required action
Position Accountability Description
11. Communicate with senior management regarding audit follow-up activities, including high-risk or long-pending actions.
12. Prepare presentations and reports for the Audit Committee and senior leadership on follow-up activities and resolution of findings.
Reporting, Risk Management & Continuous Improvement
13. Develop and maintain dashboards, reports, and presentations summarizing audit follow-up activities.
14. Maintain comprehensive documentation and evidence relating to audit follow-up.
15. Maintain the audit follow-up database and ensure actions are properly recorded and tracked.
15. Identify recurring issues and patterns in audit findings and recommend improvements to internal processes and controls.
16. Support risk assessments and prioritization of follow-up actions based on risk exposure.
17. Assist in developing training programs to address common audit issues and improve compliance.
18. Utilize data analytics and continuous auditing techniques to improve audit efficiency and effectiveness.
19. Collaborate with team members, participate in continuous learning, and support audit reviews under the direction of the Lead Auditor.
Minimum Job Requirements
| Education | Bachelor’s degree in Accounting, Finance, Business Administration, IT, or a related field. |
| Relevant Experience | 3 to 4 years of progressive experience in Internal Audit or a related field. |
| Professional Licenses, Accreditations & Certifications | Professional certifications such as CIA (Certified Internal Auditor), CISA (Certified Information Systems Auditor), or CPA (Certified Public Accountant) are preferred. |
| Languages | Arabic and English. |
Competencies
Title: Audit Follow-up Specialist
Dammam, SA