Duties and Responsibilities of the Audit Committee:
The Audit and Risk Management Committee will be responsible for providing leadership in the formulation, implementation and review of Internal Audit policies, standards, guidelines and procedures in line with relevant laws and regulations. This will be to ensure that systems of internal controls and risk management are put in place and internal audit reports are reviewed.
Specifically, the Committee’s responsibilities will be to review and advice the Commission on the following:-
Financial Statement
Review the external auditors report on the financial statement and any supplementary report outlining findings, observations, recommendations, management responses and status of any action plans.
Review interim financial reports with management including reports on investments, cash flow and budget versus actual income and expenditure and consider completeness.
Risk Management and Internal Controls
Review the most significant risks on management and on the scope of review by internal and external auditors that could prevent NCIC from achieving its objectives and in the light of this, consider the effectiveness of the Commission’s risk management and internal control systems, including information technology, security and control.
Oversee special investigations relating to risk management, internal control and compliance as required.
Compliance and Litigation
Obtain regular updates from management regarding compliance matters and assess the effectiveness of NCIC systems for monitoring compliance
Obtain regular updates from management regarding any litigation in which the Commission is engaged including assessments of contingent liabilities associated with such litigation in the event of judgments made against NCIC.
Job Specification
Chairperson of the Audit committee requirements and competencies
Be a Kenyan
Bachelor’s degree in any of the following: –Accounting, Auditing, Risk Management, Finance, Economics or accounts related field from a University recognized in Kenya;
Should have at least 10 years’ experience at a senior level in the private or public sector.
Be a member of the Institute of Certified Public Accountants of Kenya and in good
Be knowledgeable in risk management, audit, and accounting in the Public Service or devolved system of
Be a person of integrity, demonstrated professional competence and strong interpersonal Terms and Conditions of Service
Not a holder of a political office
Skills
The Chair of the Audit Committee should possess the following attributes
Good work ethic
Communication skills
Interpersonal skills
Organisational skills
Leadership Skills
Ability to work under pressure
Problem solving skills
Terms of service
Chair of the Audit Committee shall be appointed for a term of three years on part-time basis and may be considered for re-appointment for a further one term (of three years only).
Chair of the Audit committee shall be paid allowances at rates determined by the Salaries and Remuneration Commission (SRC)
Requirements
Applicants are required to attach the following documents in their application:
National Identity Card/Passport;
Academic and professional certificates and transcripts;
Any other supporting documents and testimonials; and
Valid and current clearances from the following bodies:
Kenya Revenue Authority;
Higher Education Loans Board
Ethics and Anti-corruption Commission
Any of the Registered Credit Reference Bureaus
Directorate of Criminal Investigations (Police Clearance Certificate).
Submit recommendations from a relevant professional body
GradeNCIC-005 No Sought1Advert Ref NCIC/CAC/01/2021 Recruitment Chairperson – National Cohesion and Integration Commission Audit committee
go to method of application »
Apply via :
.or.ke
