Job Description

University of Utah Job Description

Job Summary

This position is responsible for performing a full range of audit tasks and special projects in diverse and complex operational and functional areas. This position works independently, but under the direction of the Audit Manager and in accordance with professional and University standards. The Internal Auditor may serve as an expert in assigned areas which include, but are not limited to, assisting in determining audit scopes and approaches, and reviewing and testing financial, business, or IT related controls and documentation.

Qualifications

Bachelor’s degree in accounting, information systems, business, health science, or a related field or equivalency (one year of education can be substituted for two years of related work experience) is required; Understanding of audit risks, general accounting principles, and strong analytical, written, and verbal communication skills; Familiarity with and the ability to effectively use standard office equipment and software, and; Knowledge of standard and specialized rules and regulations, applicable tax laws, and other auditing control disciplines as well as effective time management and organizational skills are also required.

There are three levels in the Internal Auditor position. The level two position requires an additional two years of professional auditing experience. The senior level position requires five years of professional auditing experience above the minimum qualification and current CPA, CIA, CFE, CISA, or other related certification.

Applicants must demonstrate the potential ability to perform the essential functions of the job as outlined in the position description.

Disclaimer

This job description has been designed to indicate the general nature and level of work performed by employees within this classification.  It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to the job.

Essential Functions

1. Conducts all phases of  internal audits in including planning, analysis, reporting, and follow-up in accordance with the professional standards of internal auditing (defined by the Institute of Internal Auditors)
2. Evaluates the adequacy, effectiveness, and efficiency of University policies, procedures, and management practices.
3. Drafts recommendations for improved efficiency and control based on an evaluation of operations, systems, and procedures.
4. Identifies and discusses audit findings with audit team and documents exceptions. May recommend corrective action in regard to assigned areas and assist with drafting audit reports.
5. Provides advice to department heads and supervisors regarding the design and implementation of systems, procedures, and controls.
6. Contributes to project planning, issues identification, and develops recommendations.
7. Performs the functions required of the Associate Internal Auditor as needed.
8. May conduct complex investigations of fraud, waste, and mismanagement of university resources and develop recommendations for new and revised internal controls. 
9. Senior level Internal Auditors may act as lead auditor by reviewing the work of Level 1 and 2 Internal Auditors and assist in training new staff.

Problem Solving

The Internal Auditor makes recommendations to reduce risk or improve operations while ensuring that work is performed in compliance with audit procedures and properly documented and supported. Challenges include balancing available resources against potential costs, inefficiencies, or other conditions requiring corrective action. Incumbents in this position must maintain effective working relationships with Departments under potentially adversarial conditions. Maintaining sufficient technical expertise regarding business and management practices, laws and regulations, and information technology is essential in the performance of the duties.

This position requires developing positive and collaborative business partnerships with University departments under potentially adversarial conditions. Incumbents are expected to work independently, make decisions, and formulate recommendations based on logical reasoning, taking costs and benefits into consideration.

Comments

Guidelines have been established for three Internal Auditor levels. Initial placement or advancement is dependent upon auditing experience and skill level. Skill level will be determined through a possible combination of interviews, skills assessment, and reference checks.

Work Environment and Level of Frequency typically required

Nearly Continuously: Office environment.

Physical Requirements and Level of Frequency that may be required

Nearly Continuously: Sitting, hearing, listening, talking.

Often: Repetitive hand motion (such as typing), walking. 

Seldom: Bending, reaching overhead.