Associate Principal - Business Audit Job

ROLE PURPOSE

The aim is to state the overall significance of the job from the organization’s perspective. The role is responsible for planning and executing risk-based business audit engagements across operational and financial areas, providing independent assurance on the effectiveness of internal controls, governance, and risk management practices. The role supports the implementation of the approved audit plan, identifies improvement opportunities, and provides recommendations that enhance operational efficiency, compliance, and organizational performance.

Associate Principal

I4

Internal Audit

Business Audit

The aim is to state the overall significance of the job from the organization’s perspective. The role is responsible for planning and executing risk-based business audit engagements across operational and financial areas, providing independent assurance on the effectiveness of internal controls, governance, and risk management practices. The role supports the implementation of the approved audit plan, identifies improvement opportunities, and provides recommendations that enhance operational efficiency, compliance, and organizational performance.

• Audit Planning & Execution
• Execute assigned audit engagements in accordance with the approved annual audit plan.
• Participate in the development of audit programs, scope, objectives, and testing procedures.
• Assess operational and financial processes to identify key risks and control requirements.
• Risk Assessment
• Analyze operational, financial, and strategic risks within audited functions.
• Evaluate risk exposures and prioritize audit activities based on risk significance.
• Identify emerging risks and communicate observations to management.
• Internal Control Evaluation
• Assess the adequacy and effectiveness of internal controls and governance practices.
• Perform audit testing to determine compliance with approved controls and procedures.
• Identify control gaps and areas requiring improvement.
• Audit Reporting
• Prepare clear and accurate audit observations, conclusions, and recommendations.
• Support the issuance of audit reports with practical and value-added recommendations.
• Communicate audit results and findings to relevant stakeholders.
• Financial & Operational Reviews
• Review financial and operational processes to ensure effectiveness and compliance.
• Analyze quarterly and annual financial information and identify significant issues.
• Evaluate efficiency, productivity, and utilization of organizational resources.
• Corrective Action Follow-up
• Monitor the implementation status of agreed management action plans.
• Validate corrective actions taken to address audit observations.
• Report unresolved findings and implementation delays to management.
• Special Audits & Investigations
• Conduct special reviews and assignments requested by management or the Audit Committee.
• Participate in investigations related to fraud, misconduct, or non-compliance incidents.
• Gather and analyze evidence while maintaining objectivity and confidentiality.
• Stakeholder & Audit Coordination
• Coordinate with audited departments, external auditors, and relevant stakeholders.
• Provide audit insights and support discussions regarding financial and operational matters.
• Contribute to enhancing audit methodologies, tools, and audit practices.
• Policies, Processes & Procedures
• Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner.
• Comply with all relevant safety, quality, and environmental management policies, procedures, and controls to ensure a healthy and safe work environment.
• Information Security
• Comply with all relevant information security practices and standards to ensure data integrity and confidentiality.

• Bachelor’s degree in accounting, Finance, Business Administration, Auditing, or a related discipline.
• Professional certification is preferred (CIA, CPA, ACCA, SOCPA, CISA, or equivalent).

• 6–8 years of relevant experience in internal audit, external audit, risk management, compliance, finance, or operational assurance activities.
• Experience in conducting risk-based audits, evaluating internal controls, preparing audit reports, and following up on corrective actions.
• Good knowledge of governance, risk management, and audit standards and practices.

Prepared by:

First review by:

Approved by:

Name

Signature

Date