Director of Internal Audit

Job Summary

Reporting to the Chair of the Audit Committee of the Board of Directors with ongoing administrative support provided by the WVU Foundation President & CEO, oversees the Foundation’s internal audit program while maintaining independence and objectivity. Reviews and tests a broad range of information including accounting, financial, human resource, information technology, compliance and other operational and technical information. Evaluates and tests the overall design and effectiveness of business practices and entity level controls as well as internal controls over financial reporting.

Duties and ResponsibilitiesCharacteristic Duties & Responsibilities – Essential Functions:

• Performs audit work in conformance to the "International Standards for the Professional Practice of Internal Auditing"

• Plans, implements, and evaluates short and long-range objectives of the Internal Audit Office

• Establishes policies, directs technical and administrative functions for the Internal Audit Office

• Facilitates the enterprise risk management (ERM) program and considers the results of the assessment and program in establishing the annual internal audit plan

• Prepares the annual audit plan and audit status reports

• Determines the priority of audits and investigations, performs and directs audit activities, reviews audit documentation

• Develops audit programs and identifies audit procedures to be performed

• Evaluates systems of internal controls, adequacy of accounting records, and system design

• Considers compliance with Foundation policies and procedures, state and federal laws and regulations and contractual requirements throughout the audit cycle

• Completes post-field work activities related to each audit including verbal and written reports containing audit results, observations, recommendations, and management responses for management, the Audit Committee, and University personnel as appropriate

• May Direct and supervise personnel to assist in accomplishing audit procedures

• Develops and controls the Internal Audit Office operating budget

• Develops and maintains the audit manual for the Internal Audit Office

• Establishes and maintains a quality assurance and improvement program for the Internal Audit Office

• Monitors projects and committees reviewing proposed, revised, and/or new systems

• Serves as an advisor to other departments and committees when questions pertaining to internal control or procedural requirements arise

• Participates in and provides support to the Foundation’s external, independent auditors and shares internal audit reports including management responses with the independent auditors and coordinates work with them

• Establishes and maintains effective working relationships with Foundation employees, appropriate University staff, and external contacts

• Coordinates administrative activities of the Audit Committee