Internal Audit Assistant job at Buildnet | Apply Now

Audit Planning & Execution:

• Assist in planning and executing internal audits across various departments, focusing on financial transactions, operational processes, and compliance with relevant laws and regulations.

• Participate in the execution of field audits, ensuring adherence to audit programs and procedures.

• Gather and analyze financial data, records, and documents to evaluate the effectiveness of controls and compliance.

• Identify potential areas of financial mismanagement, fraud, or operational inefficiencies and recommend corrective actions.

Risk Assessment & Control Testing:

• Assist in performing risk assessments to identify areas of potential concern and assess the effectiveness of internal controls in financial and operational systems.

• Test and evaluate internal control systems within the construction, sales, and accounting processes to ensure they are functioning as intended.

• Document findings of audits and control tests, and prepare draft reports summarizing results.

Financial Auditing & Documentation:

• Review and verify financial documents related to construction projects, condominium sales, and other financial transactions to ensure accuracy and compliance with company policies.

• Ensure that transactions are properly recorded and supported by adequate documentation such as contracts, invoices, and receipts.

• Assist in reconciling financial statements and accounts to ensure proper matching of records.

Audit Reports & Recommendations:

• Assist in drafting audit reports, providing detailed documentation of audit findings, areas of concern, and recommendations for improvement.

• Present audit findings and improvement recommendations to management and relevant departments.

• Follow up on the implementation of corrective actions to ensure that audit recommendations are being addressed.

Compliance Monitoring:

• Ensure that Buildnet Uganda’s financial and operational activities comply with relevant financial regulations, industry standards, and company policies, particularly in the real estate and construction sectors.

• Monitor ongoing compliance with tax regulations, accounting standards, and other regulatory requirements affecting the construction and sale of condominiums.

• Assist with the preparation for external audits and ensure proper documentation is available for review.

Fraud Prevention & Detection:

• Assist in detecting and investigating any suspected fraudulent activities or financial irregularities.

• Help to evaluate the effectiveness of anti-fraud policies and suggest improvements to mitigate the risk of fraud.

• Collaborate with relevant teams to develop and implement fraud prevention measures within the company.

Process Improvement & Efficiency:

• Participate in analyzing business processes to identify inefficiencies and opportunities for improvement.

• Recommend improvements to business processes, controls, and workflows to enhance operational efficiency, reduce costs, and minimize risks.

• Work with management to implement process improvements and monitor their effectiveness.

Internal Audit Support:

• Assist the Internal Auditor or Head of Internal Audit in various tasks related to audit preparation, execution, and reporting.

• Stay updated on the latest industry trends, audit standards, and best practices.

• Attend internal audit meetings and contribute to discussions on audit planning, scope, and risk assessments.