Internal Auditor

Reporting To:
CEO

Job Purpose:
The Internal Auditor is responsible for independently evaluating the organization’s internal controls, financial and operational processes, governance practices, and compliance with policies, regulations, and international audit standards. The role ensures accountability, transparency, efficiency, and risk mitigation across the organization.

Key Responsibilities
Core Responsibilities
– Conduct comprehensive financial, operational, and compliance audits across all departments
– Perform risk-based internal audits in line with the annual audit plan
– Review financial statements, records, and transactions for accuracy and completeness
– Assess the effectiveness of internal controls and recommend improvements
– Prepare professional audit reports with findings, impacts, and actionable recommendations
– Follow up and track implementation of corrective actions
– Support external auditors with documentation and reconciliation
– Conduct investigations into suspected fraud, abuse, or irregularities
– Advise management on governance, internal control improvements, and risk management
– Special Responsibilities (Tanzania & International Standards)
– Ensure audit activities comply with:
– International Standards for the Professional Practice of Internal Auditing (IIA Standards)
– International Financial Reporting Standards (IFRS)
– IFAC Code of Ethics
– Tanzania’s Companies Act, Tax regulations (TRA), Financial Institutions Act and related sector-specific legislation

Verify compliance with:
– Tanzania Revenue Authority (TRA) tax requirements
– Evaluate internal systems for fraud risks and develop fraud prevention recommendations
– Ensure organizational policies align with:
– Good governance principles
– Risk management frameworks
– Periodically perform operational audits to ensure value for money, efficiency, and operational performance
– Participate in audit committee meetings and provide evidence-based audit insights
– Maintain audit records in accordance with international documentation and working paper standards
– Maintain independence and professional skepticism at all times, as required by IFAC guidelines
– Ensure data privacy and internal information is handled in line with organizational policies and global confidentiality standards

Qualifications & Experience
– Bachelor’s degree in Accounting, Finance, Business Administration, Auditing, or related field
– Minimum of 3 years’ hands-on experience in internal or external auditing
– Professional certification such as:
– CPA-T (NBAA Tanzania recognized) / ACCA
– CIA (Certified Internal Auditor)

Strong knowledge of:
– IFRS standards
– IIA International Internal Audit Standards
– National accounting and regulatory requirements in Tanzania

Experience with:
– Audit software, ERPs, or digital accounting systems
– Risk management frameworks

Skills & Competencies
Professional Skills
– Strong understanding of internal controls, financial reporting standards, and audit methodologies
– Knowledge of:
– Tanzania statutory requirements (TRA tax rules, financial regulations, labor regulations)
– International professional ethics (e.g., IFAC and IIA Codes of Ethics)
– Ability to conduct:
– Financial audits
– Compliance audits
– Operational audits
– Performance/value-for-money audits

Analytical & Technical Skills
– Strong analytical thinking and ability to detect irregularities, discrepancies, and control weaknesses
– Solid understanding of risk assessment and enterprise risk management frameworks
– Competence in interpreting financial statements, ledgers, tax filings, and system records

Soft Skills
– High integrity, confidentiality, and independence in thought and judgment
– Strong verbal and written communication skills, including professional report writing
– Ability to engage senior leadership, audit committees, and external stakeholders
– Excellent time management and ability to handle multiple audits concurrently
– Strong professional skepticism, objectivity, and decision-making ability