Internal Audit Assistant

Audit Planning & Execution:

• Assist in planning and executing internal audits across various departments, focusing on financial transactions, operational processes, and compliance with relevant laws and regulations.
  
• Participate in the execution of field audits, ensuring adherence to audit programs and procedures.
  
• Gather and analyze financial data, records, and documents to evaluate the effectiveness of controls and compliance.
  
• Identify potential areas of financial mismanagement, fraud, or operational inefficiencies and recommend corrective actions.
  

Risk Assessment & Control Testing:

• Assist in performing risk assessments to identify areas of potential concern and assess the effectiveness of internal controls in financial and operational systems.
  
• Test and evaluate internal control systems within the construction, sales, and accounting processes to ensure they are functioning as intended.
  
• Document findings of audits and control tests, and prepare draft reports summarizing results.
  

Financial Auditing & Documentation:

• Review and verify financial documents related to construction projects, condominium sales, and other financial transactions to ensure accuracy and compliance with company policies.
  
• Ensure that transactions are properly recorded and supported by adequate documentation such as contracts, invoices, and receipts.
  
• Assist in reconciling financial statements and accounts to ensure proper matching of records.
  

Audit Reports & Recommendations:

• Assist in drafting audit reports, providing detailed documentation of audit findings, areas of concern, and recommendations for improvement.
  
• Present audit findings and improvement recommendations to management and relevant departments.
  
• Follow up on the implementation of corrective actions to ensure that audit recommendations are being addressed.
  

Compliance Monitoring:

• Ensure that Buildnet Uganda’s financial and operational activities comply with relevant financial regulations, industry standards, and company policies, particularly in the real estate and construction sectors.
  
• Monitor ongoing compliance with tax regulations, accounting standards, and other regulatory requirements affecting the construction and sale of condominiums.
  
• Assist with the preparation for external audits and ensure proper documentation is available for review.
  

Fraud Prevention & Detection:

• Assist in detecting and investigating any suspected fraudulent activities or financial irregularities.
  
• Help to evaluate the effectiveness of anti-fraud policies and suggest improvements to mitigate the risk of fraud.
  
• Collaborate with relevant teams to develop and implement fraud prevention measures within the company.
  

Process Improvement & Efficiency:

• Participate in analyzing business processes to identify inefficiencies and opportunities for improvement.
  
• Recommend improvements to business processes, controls, and workflows to enhance operational efficiency, reduce costs, and minimize risks.
  
• Work with management to implement process improvements and monitor their effectiveness.
  

Internal Audit Support:

• Assist the Internal Auditor or Head of Internal Audit in various tasks related to audit preparation, execution, and reporting.
  
• Stay updated on the latest industry trends, audit standards, and best practices.
  
• Attend internal audit meetings and contribute to discussions on audit planning, scope, and risk assessments.