Job Standard for Internal Audit, Director
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Internal Audit, Director Overview
- Work Type: Professional
- Job Code: 75187
- Pay Grade: P13
- FLSA Status: Exempt
- Career Level: Director
- Family: Finance & Business Operations
- Function: Audit
Lead and direct the Internal Audit function in managing audit projects and activities. Also develop and execute strategies for highly complex, compliance, financial, operation audits and related projects.
Oversees through subordinate Managers a large, complex organization with multiple functional disciplines/occupations, OR manages a program, regardless of size, that has critical impact upon the campus. Significant responsibility for formulating and administering policies and programs, manages significant human, financial, and physical resources, and functions with a very high degree of autonomy. Frequently influences business decisions made by senior leadership. Oversees through subordinate Managers the accountability and stewardship of campus resources and the development of systems and procedures to protect organizational assets. Negotiates and influences others to understand and accept new concepts, practices and approaches.
Bachelor’s degree plus 8 years relevant experience including 5 years managerial experience
Knowledge, Skills, and Abilities
- Strong analytical and problem solving skills
- Ability to effectively communicate technical, statistical, or financial information, policies and/or procedures in a manner easily understood
- Knowledge of professional accounting and auditing standards, including standards for the Professional Practice of the Institute of Internal Auditing (IIA), Generally Accepted Auditing Standards (GAAS), GASB accounting and reporting standards, and Governmental Auditing Standards (Yellowbook), and Statement on Auditing Standards (AICPA). Must also have knowledge of common auditing practices used in the College and University environment.
- Knowledge of the Committee Of Sponsoring Organizations Internal Control Integrated Framework.
- Ability to perform audits in accordance with accounting and auditing standards.
- Ability to prepare clear, concise, and professional audit reports.
- Interpersonal skills to work with persons from various levels in the University (Senior University Management, faculty, professional staff, classified staff, and students) and from varied backgrounds in order to accomplish the objectives of the IAAS function.
- The ability to handle sensitive or delicate situations confidentially and in a professional manner.
- Must be able to use various computer programs to extract and analyze data, document audit work, and prepare audit reports.
- An understanding of audit planning and workflow management
- Ability to convince audit customers of the importance of strong internal controls and to adopt IAAS recommendations.
- A knowledge of State of Idaho operations and policies as well as a knowledge of the operations of Idaho’s Colleges and Universities.
- A basic understanding of federal grants and sponsored projects, and the processes used to audit them
60% of Time the Internal Audit, Director must:
- Develop internal audit policies, procedures, and work standards by applying the appropriate audit methodologies
- Conduct comprehensive audit examinations to identify appropriate controls, key business risks, and compliance with state and federal rules and regulations
- Prepare complex analysis, studies and reports to ensure audit findings are properly documented and audit evidence is sufficient
- Provide training to management on internal controls, business risks, fraud and other related topics
- Promote high levels of ethical awareness
- Conduct an annual University-wide risk assessment designed to identify the audit universe and measure risk exposure for the University.
- Oversee the operations and workflow of the IAAS office.
- Conduct Quality Assurance Review once every five years as mandated by Institute of Internal Audit standards.
- Supervise and ensure IAAS has adequate resources to complete the internal audit work by hiring qualified staff, providing adequate training and acquiring necessary supplies and equipment.
- Coordinating internal audit efforts with external auditors to reduce duplication of audit effort. Represent Boise State University Audit function to the Idaho State Board of Education Audit Committee, including providing reports and receiving guidance as required by the Board. (E)
- Monitor implementation of audit recommendations proposed by Internal Audit, as well as external auditors, to ensure corrective actions have been implemented to mitigate risks
- Implement strategic initiatives and directives to support the mission, goals and objectives of the university while fostering a culture of continuous improvement
35% of Time the Internal Audit, Director
Determined by department needs
5% of Time the Internal Audit, Director
Perform other duties as assigned
Work Environment and Physical Demands
Some positions may involve frequent bending, moving, lifting, and carrying material weighing up to 50 pounds; some positions may involve moving, lifting, and carrying material weighing up to 70 pounds; standing up to eight hours each day; working in all weather conditions; exposure to high noise levels and require wearing hearing protection.
Not applicable for Internal Audit, Director
Additional training/education or equivalent experience, as well as business need, are required for movement into higher level jobs.
Sample Text: Incumbent must perform the essential duties and responsibilities with or without reasonable accommodation. The above statements are intended to describe the general nature and level of work. Final employment offers are contingent upon a Final Candidate’s successful completion of a Background Verification, and a determination by the University that the information derived from the Background Verification does not disqualify the individual. In addition, a Financial History Check and Motor Vehicle Record (MVR) Check may be required.