Director of Internal Audit

Job Summary Reporting to the Chair of the Audit Committee of the Board of Directors with ongoing administrative support provided by the WVU Foundation President & CEO, oversees the Foundation’s internal audit program while maintaining independence and objectivity. Reviews and tests a broad range of information including accounting, financial, human resource, information technology, compliance and other operational and technical information. Evaluates and tests the overall design and effectiveness of business practices and entity level controls as well as internal controls over financial reporting.

Duties and Responsibilities Characteristic

Duties & Responsibilities –

Essential Functions:

Performs audit work in conformance to the  International Standards for the Professional Practice of Internal Auditing Plans, implements, and evaluates short and long-range objectives of the Internal Audit Office Establishes policies, directs technical and administrative functions for the Internal Audit Office Facilitates the enterprise risk management (ERM) program and considers the results of the assessment and program in establishing the annual internal audit plan Prepares the annual audit plan and audit status reports

Determines the priority of audits and investigations, performs and directs audit activities, reviews audit documentation

Develops audit programs and identifies audit procedures to be performed

Evaluates systems of internal controls, adequacy of accounting records, and system design

Considers compliance with Foundation policies and procedures, state and federal laws and regulations and contractual requirements throughout the audit cycle

Completes post-field work activities related to each audit including verbal and written reports containing audit results, observations, recommendations, and management responses for management, the Audit Committee, and University personnel as appropriate

May Direct and supervise personnel to assist in accomplishing audit procedures

Develops and controls the Internal Audit Office operating budget

Develops and maintains the audit manual for the Internal Audit Office Establishes and maintains a quality assurance and improvement program for the Internal Audit Office Monitors projects and committees reviewing proposed, revised, and/or new systems

Serves as an advisor to other departments and committees when questions pertaining to internal control or procedural requirements arise

Participates in and provides support to the Foundation’s external, independent auditors and shares internal audit reports including management responses with the independent auditors and coordinates work with them Establishes and maintains effective working relationships with Foundation employees, appropriate University staff, and external contacts

Coordinates administrative activities of the Audit Committee Qualifications Experience  &

Education Requirements:

Bachelor's degree in accounting or related field;
Certified Public Accountant or Certified Internal Auditor; five years or more experience in public accounting or internal auditing; two years or more supervisory experience; experience in working with large, computerized accounting systems and complex organizations.

Experience with in not-for-profit organizations preferred.

Knowledge & Skill Requirements:

Knowledge of accounting theory, auditing standards, procedures, and techniques required to perform audits

Knowledge of fund accounting and internal auditing

Knowledge of higher education financial and reporting standards

Knowledge of auditing information systems and systems designs

Knowledge of management concepts

Knowledge of the requirements for effective report writing

Ability to effectively audit in a computer environment

Ability to develop…