AUDIT
FUNCTION
DESCRIPTION
The purpose of this function is to assist the Deputy Minister
and the SFO to discharge their legislated responsibilities
assigned under the Financial Administration Act (FAA) by
ensuring that the department is operating in accordance with
the FAA, legislation of central agencies and of the department's
policies and procedures.
Typical activities include:
Planning - develop the ministry's strategic audit
strategy and annual ministry audit program; set audit objectives;
and determine the audit methodology (i.e., the nature, extent,
and timing of the audit work).
Execution - conduct the entry conference; collect,
examine, and analyze audit evidence; develop the findings
and recommendations; discuss the findings and recommendations
with the auditee; and conduct the exit conference.
Reporting -
prepare the interim report and review with with the auditee;
submit the final report; and follow-up
on progress of correction actions.
Set audit standards.
Develop audit review programs and processes.
Evaluate the existence, continuity, adequacy, and effectiveness
of controls relating to the financial transactions processed
through computerized systems.
Ensure adequate controls are in place to safeguard capital
and attractive (i.e., controlled) assets.
Recommend improvements to departmental and government-wide
systems and processes.
Assist the department in determining and implementing appropriate
accounting policies for preparing financial statements.
POSITIONS
Senior Manager
or Manager |
- Develops ministry audit strategy.
- Oversees all aspects of the audit function.
- Liaises with senior staff from the Office of
the Auditor General.
- Conducts the entrance and exit meetings.
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| Auditor 1 - 3 |
Depending on position level, an auditor
typically:
- Develops an annual audit plan.
- Sets the audit objectives.
- Determines the audit methodology (i.e., the
nature, extent, and timing).
- Develops the audit program(s).
- Ensures the Audit Unit functions effectively.
- Evaluates the effectiveness of financial procedures,
internal controls and the achievement of desired
outcomes and recommend improvements to departmental
and government-wide systems and processes.
- Ensures audits are performed in accordance
with Generally Accepted Auditing Standards.
- Reviews the audit results with appropriate
management and staff.
- Supervises staff.
- Assists in planning the audit.
- Carries out the audit program.
- Prepares working papers to support the audit
findings and recommendations.
- Collects and analyzes audit evidence.
- Prepares the meeting agendas and minutes.
- Reviews the audit findings with the auditees
prior to the exit meeting.
- Prepares the audit report.
- Reviews the audit report with the audit supervisor.
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CLIENTS/STAKEHOLDERS
Internal
Stakeholders:
- Deputy
Minister
- SFO
- Executive Team
- Regional Directors
- Program
Managers
External
Stakeholders:
- ACSC
- Office of the Auditor General (Provincial)
- Office of the Auditor General (Federal)
- Alberta Finance
EXPERTISE
REQUIRED
- Knowledge of Generally Accepted Accounting
Principles.
- Knowledge of Generally Accepted Auditing
Standards.
- Knowledge of financial control concepts.
- Knowledge of government financial and accounting
policies.
- Knowledge of Computer Assisted Audit Techniques.
- Knowledge of comprehensive auditing theory
and techniques.
- Knowledge of departmental programs.
- Good communication skills.
UNIQUE
FEATURES
These positions require an in-depth knowledge
of the theory and practice of accounting and auditing
including:
- Generally Accepted Accounting Principles
- Generally Accepted Auditing Standards
- Financial control
- Comprehensive auditing
- Computer Assisted Audit Techniques
- They also must have an in-depth knowledge
of the department's programs.
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