Details
Posted: 22-Dec-21
Location: Boone, North Carolina
Type: Full Time
Required Education: 4 Year Degree
Salary: Commensurate with experience
Categories:
Accounting
Major Responsibilities of the Chief Audit Officer:
1. Establish an annual audit plan using an appropriate risk-based methodology that considers risks/control concerns identified by management and addresses information security in accordance with UNC Policy 1400.2. (Submit the audit plan annually to the Chancellor and Audit Committee for review and approval.)
2. Implement the approved annual audit plan, including any special tasks or projects requested by management and the Audit Committee.
3. Report periodically to the Audit Committee and the Chancellor on the internal audit activities and performance relative to its audit plan.
4. Keep the Chancellor and Audit Committee informed of emerging trends and issues that could impact the University. Additionally, ensure that emerging trends and successful practices in internal auditing are considered.
5. Assist and/or conduct the investigation of suspected fraudulent activities within the organization and notify the Chancellor and the Audit Committee of the results.
6. As appropriate, provide consulting services to management that add value and promote the best interests of the organization.
7. At the end of the audit cycle, provide the Audit Committee with a comparison of the annual audit plan with internal audits performed by the internal audit department. Any deviations from the approved audit plan and the reasons for the deviations should be reported.
8. Ensure that all reporting obligations to UNC System Office and the Council of Internal Audit (OSBM) have been met as they relate to internal audit.
9. Ensure that internal audit resources are appropriate, sufficient, and effectively deployed. Resource limitations that impact the plan should be reported to the Audit Committee and Chancellor.
10. Establish internal audit policies and procedures to guide the internal audit program activities. Policies and procedures should, at a minimum, comply with the Audit Manual, IIA Standards, and other laws, rules, and regulations.
11. Coordinate activities with other internal and external providers of relevant assurance and consulting services to ensure proper coverage and minimize duplication of efforts.
12. Provide audit engagement oversight to include a) engagement work program approval; b) policy development and approval relative to audit working papers documentation; c) policy development and control over custody, access, and retention of audit work papers and reports; d) policy development regarding criteria for communicating audit engagement results (to include documented CAO approval of final report), and e) follow-up processes to monitor and ensure that management actions have been effectively implemented
13. Maintain a professional audit staff with sufficient knowledge, skills, experience, competencies, and professional certifications to meet the requirements of the Charter. In fulfilling this responsibility, the CAO must a) administer hiring processes to select qualified and competent individuals, b) perform annual performance evaluations, c) counsel internal auditors on their performance and professional development, d) train and provide continuing educational opportunities for each internal auditor, and e) ensure that job descriptions are accurate and up-to-date.
14. Establish a quality assurance and improvement program by which the CAO assures that the operation of internal auditing activities adheres to both internal policies and procedures and University policies and procedures.
15. Periodically assess whether the purpose, authority, and responsibility, as defined in the Charter, continue to be adequate to enable the internal audit program to accomplish its objectives. Any modifications to the Charter should be approved by the Audit Committee and the Board of Trustees.
16. Develop and maintain productive client, staff, management, and board relationships through individual contacts and group meetings.
17. Represent internal auditing at management and board meetings and with external organizations.
18. Pursue professional development opportunities, including internal and external training and professional association memberships.
19. Benchmark audit work processes and promote continuous process improvement.
Preferred Qualifications:
- Five or more years of experience in governmental auditing/ higher education auditing and/or IT audit experience.
- Demonstrated knowledge of Banner.
- Data Analytics expertise utilizing Tableau.
- Audit Productivity software expertise (e.g. AutoAudit).
To be considered for this position, applicants must have:
- Bachelor’s degree in Accounting or a discipline related to program area assigned from an accredited institution.
- 10 years of auditing experience, including five years of supervisory audit experience.
- License/Certification Requirement: CPA, CIA, or another appropriate audit industry professional certification.
- Demonstrated extensive knowledge of internal audit techniques, practices, and procedures for conducting information system, financial, operational, compliance audits, and/or investigations. As well as the ability to manage confidential matters.
- Thorough knowledge of theories, principles, and systems design related to organizational governance, risk management, and internal controls.
- Thorough knowledge and understanding of data analytics and continuous auditing. Ability to compile, monitor, and examine a variety of large, complex data and exercise judgment in evaluating or interpreting results.
- Ability to recognize complex and unique risks, weaknesses, or inefficiencies and develop resolution and/or consult with leadership to achieve resolution.
- Demonstrated thorough understanding of GASB, FASB, and IIA Standards for the Professional Practice of Internal Auditing.
- Demonstrated exemplary interpersonal and communication skills.
