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Gauteng: Internal Audit Director – Entity Level Controls And Combined Assurance posted by Ziyasiza Consulting (Pty) Ltd

Internal Audit Director – Entity Level Controls And Combined Assurance

Posted on 2025-04-24

Employer Ziyasiza Consulting (Pty) Ltd
Salary 0
Category Automotive
Location Gauteng  /  Gauteng

Job Summary

Key

Responsibilities:

Combined Assurance Ownership

Develop and Implement Combined Assurance Framework: Establish and maintain a comprehensive Combined Assurance framework that integrates assurance activities across multiple lines of defense, including Internal Audit, Risk Management, Compliance, and External Auditors.

  • Align Assurance Activities: Coordinate and align assurance activities to minimize duplication, optimize resource utilization, and provide a unified perspective on control effectiveness.
  • Stakeholder Collaboration: Facilitate effective collaboration and communication among all assurance providers, ensuring consistent risk assessments, reporting, and strategic insights.
  • Comprehensive Assurance Plan: Develop and deliver an integrated assurance plan that aligns with the Group’s strategic objectives, risk appetite, and regulatory requirements.
  • Continuous Improvement and Innovation: Drive continuous improvement in assurance practices by leveraging advanced methodologies, data analytics, and technology-enabled tools.
  • Reporting and Insights: Provide consolidated assurance reports to senior leadership and the Board Audit Committee, highlighting key risks, control deficiencies, and strategic recommendations.

Entity Level Controls (ELC) Auditing

  • Lead ELC Audits: Plan, design, and lead audits of Entity Level Controls across the Group, ensuring they are designed and operating effectively to mitigate key risks and ensure the integrity of financial reporting.
  • Audit Execution: Conduct thorough audits of ELCs to assess their effectiveness, design, and implementation, ensuring compliance with organizational policies, regulatory requirements, and best practices.
  • Control Evaluation: Evaluate the effectiveness of ELCs in mitigating risks across financial, operational, and IT processes, ensuring alignment with overall control objectives.
  • Risk Identification and Assessment: Identify and assess risks related to ELCs, ensuring that audits address critical areas and focus on emerging risks that could impact the Group.
  • Continuous Monitoring: Implement continuous monitoring processes to assess the ongoing effectiveness of ELCs and identify areas for improvement or strengthening of controls.
  • Audit Reporting: Provide clear, concise, and actionable audit findings and recommendations related to ELCs, ensuring they are communicated effectively to senior leadership, process owners, and the Board Audit Committee.
  • Follow-Up and Remediation: Oversee the implementation of corrective actions for identified control deficiencies, ensuring timely remediation and effective risk mitigation.
  • Tracking and Accountability: Develop tracking mechanisms for audit findings and management actions to ensure accountability and transparency in the resolution of identified ELC weaknesses.

Catalogue of Control Objectives Ownership

  • Development and Standardization: Develop and maintain a comprehensive catalogue of standard control objectives across Financial, IT, and Operational processes to ensure consistency, effectiveness, and alignment with organizational goals and regulatory requirements.
  • Alignment with Strategic Objectives and Risk Appetite: Ensure control objectives are strategically aligned with the Group’s objectives, risk appetite, and compliance requirements, supporting effective risk management and internal control.
  • Alignment with Combined Assurance Plan: Integrate control objectives into the Combined Assurance Plan to ensure coordinated assurance activities, comprehensive risk coverage, and strategic assurance delivery. This includes:
    • Harmonizing Assurance Activities: Align control objectives with assurance activities across multiple lines of defense, including Internal Audit, Risk Management, Compliance, Control Self Assessments (CSA’S) and External Auditors, ensuring a unified approach to risk and control assessments.
    • Consistent Reporting and Insights: Ensure consistent reporting on control objectives` effectiveness within the Combined Assurance framework, providing strategic insights and recommendations to stakeholders.
  • Periodic Review and Updates: Regularly review and update the catalogue of control objectives to reflect changes in business operations, regulatory requirements, emerging risks, and industry best practices.
  • Integration with Entity Level Controls (ELCs): Ensure seamless integration of control objectives with Entity Level Controls (ELCs) to enhance overall control effectiveness.
  • Communication and Awareness: Communicate and promote awareness of the standard control objectives across the Group, ensuring consistent application and understanding among stakeholders.
  • Stakeholder Collaboration and Input: Collaborate with senior leadership, process owners, and other assurance providers to gather input, validate control objectives, and drive continuous improvement.
  • Centralized Repository and Accessibility: Establish and maintain a centralized repository for the catalogue of control objectives, ensuring easy accessibility, version control, and governance over changes.
  • Audit and Assurance Integration: Align control objectives with audit and assurance activities, ensuring comprehensive coverage, strategic assurance delivery, and consistent risk assessments.
View Job  Johannesburg: Parts Sales Executive

Reporting and Strategic Insights: Provide periodic reports and strategic insights on control objectives’ effectiveness, gaps, and improvement opportunities to senior leadership and the Board Audit Committee
Internal Audit Director – Entity Level Controls And Combined Assurance position available in Gauteng, Gauteng. This job position was posted by Ziyasiza Consulting (Pty) Ltd. The job has been posted as a char8000 ad on 2025-04-24 at 01:37:36 in the Automotive category

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