| Job Description |
Plans & Budgets
Develops and gains agreement to strategies, plans and operating budgets for the Internal Audit Department, monitors performance against these to ensure targets are met.
Audit Programmes
• Design audit programmes, the outlets and functional areas to be audited and frequency of audit to ensure all audit programmes (operational & Financial) are done according to DIL professional standards and the time plan.
• Oversee the follow up action items and conducting the follow up audit as per plans.
Financial Audit
Ensure that there is a compliance with the Authority Matrix, expenses are reasonable in addition to the ongoing review of profitability and cash management.
Operational Audit
Conduct operational Audit that are related to sales cycle, purchasing, stock and personnel to ensure conformity with the approved policies and budgets, indicate how well the activities are performed, and suggest improvements.
Audit Results
Evaluate & review the audit findings, final results and recommendations with the concerned HODs to present the results and recommendations to the B.O.D in the form of written communication.
Risk Analysis
Define, analyze and assess financial and system risks of various operating Damas subsidiaries and formulate risk based audit plans accordingly.
Corporate Governance
Participate in setting the corporate governance principles of DIL and in the continuous development of such principles to ensure transparency in financial figures, setting responsibilities for the B.O.D and authority for CEO.
Special assignments
Perform and participate in special investigations upon request to provide opinion and give recommendation to prevent the reoccurrence of similar incidences.
Audit committee
Set the B.O.D audit committee charter which includes its purpose, authority, administration, duties & responsibilities.
Development of Internal Audit Team
Recruits, trains, motivates and develops reporting staff to ensure that the Internal Audit function has the necessary skill base and that staff are optimally motivated and enabled to maximize their potential and contribution to the Group. |
