1. Work with the Director of Internal Audit to ensure a system is in place which ensures that all major risks to TDIC related to the Project Portfolio are identified and analyzed, on an ongoing basis;
2. Coordinating with the Director of Internal Audit the preparation and compilation of periodic and year-end reporting to the Audit Committee and Board of Directors.
3. Effective and efficient execution of the part of the Internal Audit Plan related to the Projects Audit Division and the related scheduling and assigning work and estimating resource requirements;
4. Manage, supervise and review all internal audit activities related to the reviews within the scope of the Projects Audit Division as mandated by the:
a. Internal Audit Plan through execution of planned internal audit engagements;
b. Special Projects as may be requested by Audit Committee / Management's for unplanned internal audit engagements;
5. Supervise the work of outsourced consultants and /or manage the TDIC Internal Audit Staff assigned to engagements related to the scope of the Projects Audit Division, ensuring efficient and effective utilization of all manpower resources assigned to the Projects Audit Division.
6. Ensure that all internal audit work is executed, delivered and reported in accordance with the quality levels adopted by TDIC's Internal Audit Department and stipulated in its Internal Audit Methodology and Manual.
7. Make remedial recommendations on the systems and procedures being reviewed, report on the findings and recommendations and monitor management's response and implementation;
8. To review and report on the accuracy, timeliness and relevance of the financial and operational project information that is provided for management;
9. Provide recommendations to continuously improve the quality of internal audit work within the Department, through implementation of new audit procedures or revisions to the Internal Audit Methodology/Manual.
10. Identify, understand, and document processes and procedures surrounding internal controls. Continually monitor and update the assessment of the control environment, keeping abreast of significant control issues, trends and developments.
11. Reviewing and approving detailed audit programs tailored to each audit to assure that no specific tests or activities necessary for the audit are overlooked and to assist in preventing ineffective audit techniques from being performed. This review process is directed at specific accomplishment of defined audit objectives.
12. Internal Audit Reviews to be conducted and supervised by the Senior Manager - Projects Audits include, but are not limited to:
a. Review the reliability and integrity of financial and operational project information and the means used to identify measure, classify and report such information.
b. Review of management controls over the different phases of execution of a project including controls over project management, contractors management, contract
management, review and verification of variation orders and contractor claims, identification of potential project savings opportunities.
c. Evaluate the company and contractors practices to ensure compliance with policies, plans, standards, laws, and regulations that could have significant impact upon operations.
d. Review and evaluate the adequacy and effectiveness of the management's system of internal control and quality of performance in carrying out project management and execution responsibilities.
e. Evaluate each of the core departments (development, design and delivery) of the organization periodically to determine if they are performing in compliance with management's policies, procedures, goals and objectives.
f. Evaluate each of the TDIC projects periodically to determine if they are performing in compliance with management's policies, procedures, goals and objectives and review effectiveness in the accomplishment of objectives and goals established for each project.
g. Review of Management procedures and controls to ensure the effectiveness and efficiency in the use of resources (operational audits).
13. Review and record actions and plan taken by management to correct conditions reported by audit findings. Determine that actions taken are appropriate for the circumstances or initiates further discussions with appropriate management and staff.
14. Participate in committee meeting and any other representations or assignments upon requisition by the Director of Internal Audit.
15. Evaluating auditor performance, providing on-the-job training,
and counselling auditors to strengthen the person's
16. Pursuing professional development opportunities, including
external and internal training and professional association
memberships, and sharing information gained with co-workers.