Job Description
The Position:Waterford City and County Council is seeking applications from suitably qualified candidates with relevant experience for the position of Internal Auditor. The Internal Auditor will engage at the highest levels with Council management, the Audit Committee, and external parties for improving governance and related matters within the organisation.Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organisation's operations. It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. The internal audit activity evaluates risk exposures relating to the organisation's governance, operations, and information systems, in relation to:Effectiveness and efficiency of operationsReliability and integrity of financial and operational informationSafeguarding of assetsCompliance with laws, regulations, and contracts.While management is responsible for internal controls, the internal audit activity provides assurance to management and the audit committee that internal controls are effective and working as intended. An effective Internal Audit activity is a valuable resource for management and the Audit Committee due to its understanding of the organisation and its culture, operations, and risk profile. Internal Audit is required to give an opinion on the adequacy and effectiveness of the whole system of internal controls within the organisation and shall develop an overall audit strategy taking account, inter alia, available resources, knowledge of the organisation, the work of external auditors, and its own assessment of risk.Based on the overall audit strategy, Internal Audit will undertake medium term and annual programmes of work to provide the required assurance. These will be drawn up by the Internal Auditor in consultation with the Senior Management Team via the Head of Finance and the approval of the Audit Committee.The programme will be designed to appraise the soundness, adequacy, and application of the internal control systems and ascertain the extent to which the system of internal control:promotes Value for Money and the efficient/effective use of resourcesensures the integrity and reliability of financial and other informationensures compliance with laws & regulations, and the organisation's policies and proceduresensures that the assets of the organisation are properly controlled and safeguarded from losses arising from fraud, irregularity, or corruptionInternal audit may also be called upon to:review performance and performance measurementscarry out special investigationsprovide a consultative role to managementco-operate with external auditExamine and report on compliance with the requirements in relation to EU co-funded projectsWaterford City & County Council2nd Floor, Civic OfficesDungarvanCo WaterfordX35 Y326 #J-18808-Ljbffr