This individual is trusted to perform important audit work and is given full reign to examine, verify and appraise records, reports, systems and procedures as required by the audit assignments. His/her work is occasionally test-checked by the Audit Manager to ensure that he/she fully understands the audit phase
assigned for him/her to review.In addition,he/she is given direct supervision over an Audit
Personnel/Trainee.
Job Duties and Responsibilities:
1.Checks the operational activities of the Association in the Head Office such as:
. Counter checking of check disbursement vouchers, requests for payment and checks
prepared; and
• Ascertaining the validity and correctness of all disbursements made.
2. Ascertains the Association’s compliance to Manual of Regulations for Non-Bank Financial Institutions
(MORNBFI) issued by the Banko Sentral ng Pilipinas (BSP).
3. Review of the Association’s compliance to Anti-Money Laundering Act (AMLA)by performing procedures such as:
• Identification of any unusual and suspicious transactions that may warrant money
laundering offence; and
• Determining that employees have efficient and effective training and continuing education programs to enable them to fully comply with all their obligations under the AMLA.
4.Carry out periodic review and evaluation of extension office operations for the purpose of
performing specified and detailed audit procedures such as:
• Checks the completeness of requirements for membership application, the consistency of
members’ information and the degree of compliance with Association’s policies and
procedures.
•Determine that adequate procedures over loans granted, cash receipts and withdrawals are in place to ensure the identification,reporting, and monitoring of unusual and suspicious
transactions;
• Examining the correctness and validity of all disbursements made and checking the accuracy and completeness of prepared check disbursement vouchers together with their supporting documents;
• Reviewing if all disbursements are properly and currently reported and if all income is
properly brought into account;
• Preparing and analyzing past due loans of all members of the extension office for the period under review;
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