What are the responsibilities and job description for the Internal Auditor position at University of Central Missouri (UCM)?
JOB
The university’s Internal Auditor will perform audits of the organization’s financial and information systems to assess compliance with applicable standards and guidelines, will measure the sufficiency of internal controls, and will identify and recommend strategies for mitigating financial risks and improving organizational efficiency.
EXAMPLE OF DUTIES
Audit the university’s financial records, statements and reports, verifying accuracy, consistency, and compliance with appropriate accounting principles and standards. Review internal controls, policies and procedures for effectiveness and compliance with appropriate accounting principles and standards.Identify and recommend revisions and improvements to university accounting practices and procedures.Identify and propose strategies to mitigate as appropriate the financial risks of the institution.Monitor internal compliance with compensation policies, spending policies, inventory reporting, and procurement policies and best practices. Produce cyclical and as-needed reports, including variance reports, and communicate findings on an on-going basis to the university president and/or chair of the Board of Governors Finance and Administration Committee. Remain current on appropriate accounting standards and communicate forthcoming changes to standards and their potential impact on financial statements and/or reporting requirements.Perform other related duties as assigned.
SUPPLEMENTAL INFORMATION
The internal auditor will report to the president of the university for day-to-day activities but will have a dotted reporting line to the chair of the Board of Governors Finance and Administration Committee.
The university’s Internal Auditor will perform audits of the organization’s financial and information systems to assess compliance with applicable standards and guidelines, will measure the sufficiency of internal controls, and will identify and recommend strategies for mitigating financial risks and improving organizational efficiency.
EXAMPLE OF DUTIES
Audit the university’s financial records, statements and reports, verifying accuracy, consistency, and compliance with appropriate accounting principles and standards. Review internal controls, policies and procedures for effectiveness and compliance with appropriate accounting principles and standards.Identify and recommend revisions and improvements to university accounting practices and procedures.Identify and propose strategies to mitigate as appropriate the financial risks of the institution.Monitor internal compliance with compensation policies, spending policies, inventory reporting, and procurement policies and best practices. Produce cyclical and as-needed reports, including variance reports, and communicate findings on an on-going basis to the university president and/or chair of the Board of Governors Finance and Administration Committee. Remain current on appropriate accounting standards and communicate forthcoming changes to standards and their potential impact on financial statements and/or reporting requirements.Perform other related duties as assigned.
SUPPLEMENTAL INFORMATION
The internal auditor will report to the president of the university for day-to-day activities but will have a dotted reporting line to the chair of the Board of Governors Finance and Administration Committee.
