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Internal Auditor
About the company Show or hide details
Domeo Resources International (DOMEO) is a Human Resources and Management Consulting firm committed to helping organisations build strong people, effective systems, and sustainable businesses. We provide practical solutions in HR management, organisational development, talent management, policy development, training, and management consulting.
Staffing capacity
6–10 people
Industry
Consulting & Professional Services
About this role
KEY RESPONSIBILITIES
1. Audit Planning & Supervision
- Assist in developing the annual internal audit plan based on identified risks, operational priorities, and Management requirements.
- Plan and conduct scheduled and ad-hoc internal audits across hotel departments.
- Develop audit programmes, checklists, and working papers for assigned audits.
- Establish audit objectives, scope, timelines, and procedures.
- Coordinate audit activities to ensure timely completion of assignments.
- Review audit working papers to ensure accuracy, completeness, and adequate supporting evidence.
- Review financial records, transactions, reports, and supporting documentation for accuracy and compliance.
- Audit revenue, expenditure, payroll, procurement, inventory, cash, bank transactions, and other financial activities.
- Review daily revenue reports and financial reconciliations.
- Verify the accuracy of postings and financial transactions.
- Review accounts payable and accounts receivable processes.
- Conduct periodic reviews of cash handling and payment processes.
- Identify financial discrepancies, unauthorized transactions, and revenue leakages.
- Review daily hotel revenue from rooms, restaurants, bars, banquets, conferences, spa, gym, laundry, and other revenue-generating outlets.
- Reconcile revenue generated against system reports, POS reports, receipts, and deposits.
- Review complimentary rooms, discounts, voids, refunds, rebates, allowances, and adjustments for proper authorization.
- Verify that all revenue-generating transactions are accurately captured and reported.
- Investigate unexplained revenue variances.
- Monitor controls designed to prevent revenue leakage.
- Conduct audits of operational departments to assess compliance with approved procedures.
- Review Front Office, Housekeeping, Food & Beverage, Kitchen, Stores, Procurement, Engineering, Security, Human Resources, and other operational functions.
- Assess the efficiency and effectiveness of departmental processes.
- Identify operational weaknesses and recommend practical improvements.
- Verify that departmental activities are properly documented and authorized.
- Assess the adequacy and effectiveness of internal control systems.
- Identify control weaknesses, process gaps, and operational risks.
- Review segregation of duties across departments.
- Evaluate authorization and approval processes.
- Recommend practical control measures to mitigate identified risks.
- Monitor the implementation of agreed corrective actions.
- Maintain a risk-based approach to internal audit activities.
- Identify red flags, unusual transactions, irregularities, and potential fraud risks.
- Review suspected cases of financial misconduct, asset misuse, theft, or policy violations when assigned.
- Conduct investigations as directed by Management.
- Maintain confidentiality throughout investigations.
- Document investigation findings objectively and accurately.
- Recommend measures to prevent recurrence of identified issues.
- Conduct periodic audits of food, beverage, housekeeping, engineering, general, and other inventories.
- Review stock receipts, transfers, issues, returns, and adjustments.
- Participate in physical stock counts and verify inventory records against physical quantities.
- Investigate stock shortages, excesses, wastage, spoilage, breakages, and unexplained variances.
- Review compliance with FIFO/FEFO inventory procedures.
- Audit food and beverage cost control processes.
- Review purchasing and stock management controls to identify cost leakages.
- Review procurement transactions for compliance with approved procedures.
- Verify Purchase Requisitions, Purchase Orders, Goods Received Notes, invoices, and payment documentation.
- Review supplier selection and approval processes.
- Identify unauthorized purchases, duplicate payments, inflated costs, or unsupported transactions.
- Conduct periodic supplier and procurement process reviews.
- Recommend improvements to procurement controls.
- Conduct surprise cash counts where authorized.
- Review cashier operations and cash handling procedures.
- Verify daily cash collections and deposits.
- Review cash shortages and overages.
- Reconcile cash, POS, and banking records.
- Review bank reconciliations and investigate unusual transactions.
- Assess compliance with approved cash handling limits and procedures.
- Ensure departments comply with company policies, approved SOPs, financial procedures, and internal controls.
- Review compliance with applicable statutory and regulatory requirements.
- Support Management in strengthening governance and accountability.
- Monitor compliance with delegated authority and approval limits.
- Report significant control breaches to the appropriate authority.
- Prepare clear, accurate, and objective internal audit reports.
- Document audit findings, supporting evidence, risks, root causes, and recommendations.
- Classify findings according to their level of risk and significance.
- Present audit findings to Management and relevant department heads.
- Maintain proper audit documentation and working papers.
- Track outstanding audit findings and agreed corrective actions.
- Monitor implementation of audit recommendations.
- Conduct follow-up reviews to determine whether corrective actions have been implemented.
- Obtain supporting evidence of completed corrective actions.
- Report overdue or unresolved findings to Management.
- Assess whether implemented controls effectively address identified risks.
- Provide objective advisory support on internal controls and risk management.
- Participate in the review of new processes, systems, and operational procedures.
- Recommend improvements that enhance efficiency and accountability.
- Support Management in strengthening financial and operational controls.
- Participate in special reviews and investigations as assigned.
14. Stakeholder Engagement
- Work closely with Finance, Operations, Procurement, Stores, Human Resources, Food & Beverage, Front Office, Housekeeping, Engineering, and Security.
- Maintain professional and independent relationships with departmental heads.
- Communicate audit requirements clearly to relevant departments.
- Facilitate timely access to records and supporting documentation.
- Liaise with external auditors when required.
- Maintain independence, objectivity, confidentiality, and professional integrity.
- Keep up to date with internal audit practices, accounting standards, regulatory requirements, and hospitality control procedures.
- Participate in professional development activities.
- Recommend improvements to the hotel's internal audit framework.
- Promote a culture of accountability, transparency, and continuous improvement.
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