Internal Auditor

Location:

Normal Job Number:

202300822

Department:

V.P.

Business & Finance Description Summary:

The Internal Auditor is to provide independent, objective assurance and consulting activities designed to add value and improve the operations of Alabama Agricultural and Mechanical University (AAMU). The Internal Auditor helps AAMU accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. The activities of the Internal Auditor strengthen organizational performance and promote the safeguarding and effective use of assets and resources.

Examples of Duties Duties and Responsibilities:

Serve as the lead in audits and evaluates the effectiveness of financial, operational, compliance, technology and administrative controls. Obtains an understanding of functional areas and internal processes and procedures. Prepares narratives, flowcharts, and related work papers that document results of audit related activities. Develops test plans and participates in testing activities. Develops pragmatic, efficient, and cost effective solutions to address identified issues or concerns. Prepares and submits issues documenting scope of audit, summary of opportunities for improvements, and recommendations for strengthening internal controls. Conducts periodic checks to ensure that implemented changes are maintained and objectives are achieved. Develops and maintains successful professional relationships with appropriate levels of management. Coordinates external financial auditor and consultant activities as needed. Conduct risk assessment of assigned department or functional area in the established/required timeline.

• Annually establish risk-based audit programs.
• Review the suitability and effectiveness of internal control design.
• Conduct audit testing of specified area and identify reportable issues and related dimension of risk.

Determine status of compliance with policies and procedures. Verbally communicate findings to senior management and draft comprehensive and complete report of audit area. Present documented reports to various groups as determined. Performs other duties that may be assigned by the immediate supervisor.

Typical Qualifications Minimum Position Requirements:

A bachelor's degree in accounting or an MBA with emphasis in accounting is required, and preferably with auditing coursework. At least five years of progressive audit experience in higher education, corporate or public accounting. An active license as a Certified Public Accountant, Certified Internal Auditor or Certified Information Systems Auditor, is preferred. A strong working knowledge of and ability to research technical and compliance pronouncements such as Financial Accounting Standards Board (FASB) and Government Accounting Standards Board Technical Bulletins, FASB Emerging Issues Task Force Consensus Positions, and FASB Accounting Standards and Interpretations. Knowledge of Government Accounting Standards general, field work and reporting standards. At least three years of supervisory experience leading teams. A clear understanding of the audit process, and the required documentation. Experience designing risk-based audit work programs, identifying mitigating controls, key controls, and integrating industry best practices.

Supplemental Information Knowledge, Skills and Abilities:

A sound knowledge of Generally Accepted Accounting Principles (GAAP), and Government Auditing Standards. A working knowledge of and experience with auditing tools such as Audit Command Language, MS Word, MS Excel, PowerPoint and Visio. Excellent written and verbal communication skills and the ability to work well independently and as part of a team. Effective interpersonal skills, and ability to make clear presentations to leadership. Ability to adapt to adapt quickly to change, and multi-task. Cooperate with federal, state, and/or independent auditors who have business with the university.