Internal Audit Executive

Full Name: Seifu Shigaze Shember

Contact Information:
Phone: 0927174254/0996681201

Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Or This email address is being protected from spambots. You need JavaScript enabled to view it.

Goals/Objectives

1. Ensure Accountability and Transparency: Promote integrity, accountability, and transparency in the use of university resources through regular audits and reporting.
2. Strengthen Internal Controls: Evaluate and improve the effectiveness of internal control systems, governance processes, and risk management practices across all departments.
3. Enhance Operational Efficiency: Identify inefficiencies and recommend improvements to enhance the university’s financial, administrative, and academic operations.
4. Compliance Assurance: Ensure that the university’s activities comply with applicable laws, regulations, directives from the Ministry of Education, and internal policies.
5. Safeguard University Assets: Prevent and detect fraud, waste, and abuse by ensuring that assets are properly accounted for and safeguarded.

Duties and Responsibilities

1. Audit Planning and Execution

ü  Develop and implement an annual internal audit plan based on risk assessments.

ü  Conduct financial, operational, compliance, and performance audits of university departments, projects, and programs.

ü  Review procurement, payroll, revenue, and expenditure transactions for accuracy and legality.

2. Reporting and Communication

ü  Prepare and submit audit reports with findings and recommendations to university management and the Board of Audit.

ü  Report major audit issues that require immediate action and follow up on the implementation of recommendations.

ü  Communicate audit results clearly and constructively to stakeholders.

3. Compliance and Risk Management

ü  Monitor compliance with policies, procedures, and relevant laws and regulations.

ü  Identify and assess risks that may affect the university’s operations and propose mitigation strategies.

4. Control Evaluation

ü  Evaluate the adequacy and effectiveness of internal controls, including IT and financial systems.

ü  Recommend enhancements to internal control frameworks where gaps are identified.

5. Fraud Detection and Investigation

ü  Investigate suspected cases of fraud, corruption, or other irregularities.

ü  Work with relevant bodies to take corrective action where necessary.

6. Collaboration and Capacity Building

ü  Coordinate with external auditors, the Ministry of Education, and other oversight bodies.

ü  Provide training and awareness to university staff on financial integrity and compliance matters.

ü  Promote a culture of continuous improvement and ethical behavior.

7. Documentation and Recordkeeping

ü  Maintain comprehensive documentation of all audit work performed.

ü  Ensure confidentiality and integrity of audit records.