Interim Head of Audit
1 week ago
* Interim Head of Audit (3-6 month contract)
- NW based, hybrid working
1. Manage the delivery of the Group's internal audit and risk assurance service, regularly reviewing resource requirements to ensure the team (internally or through external providers) has the required skills and capacity.
2. Ensuring that the internal audit service is fully compliant with the International Standards for the Professional Practice of Internal Auditing, and other best practice, and to report instances of non-compliance to management, and Audit Committee, on anannual basis.
3. Lead the annual internal audit planning cycle, ensuring that assurance is coordinated across the Group to avoid duplication, and present the plan for approval by the Audit Committee and report regularly on progress.
4. Ensure that all audits consider the adequacy and effectiveness of internal controls, providing an opinion on the management of risks and where appropriate make recommendations on value for money.
5. Ensure reports relating to audit assignments are agreed with management and then presented to Audit Committee.
6. Ensure a framework is in place to follow-up recommendations to determine whether agreed actions have been implemented, and report these findings to the Audit Committee.
7. Ensure the team remains independent by maintaining a direct link to the Audit Committee to enable any concerns to be raised and avoids conflicts of interest in areas of functional responsibility.
8. Develop and maintain good working relationships with all levels of management and provide advice to managers regarding internal audit control matters in line with the Group's framework.
9. Work collaboratively with the Group's external auditors.
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