Irene Mgimba

Audit Planning and Execution

• Developing annual audit plans based on risk assessments and organizational objectives.
• Conducting internal audits according to established standards and procedures.
• Identifying areas of risk and recommending strategies for mitigation.

Risk Assessment and Management

• Assessing the effectiveness of internal controls to mitigate risk.
• Identifying emerging risks and advising management on proactive measures.
• Developing risk management frameworks and policies.

Compliance Monitoring:

• Ensuring compliance with regulatory requirements and internal policies.
• Conducting regular compliance audits and providing recommendations for improvement.
• Keeping abreast of changes in regulations and industry standards
• Identified opportunities for cost savings through careful analysis of financial data during audits, contributing to improved profitability.

Reporting

• Follow-up with the Executive Committee members on issues raised by the Internal Auditors and ensuring the Corrective Action Points are being adequately closed on time.
• Held Monthly meetings with the Chief Executive Officer and EXCO members to discuss issues that are still open.
• Perform verification of closed audit issues raised by both Internal and External Auditors.
• Prepare board papers for Board Audit Committee presentations and attend matters if any raise by the Board

• Ensure properly planning of an audit engagement is archived to smoothen the audit to the reporting stage
• Perform audits in line with the International Standards on Auditing (ISAs)
• Assisted the team members in ensuring a proper understanding of an auditee client is being archived
• Made risk analysis of the respective audited client by making inquiries from the Management, review internal risk registers, made awareness of various publications etc
• Which assisted in identify various risks and come up with audit procedures that would result into capturing such risks
• Made reviews of the Internal Controls in place and analyze weakness in place that are necessary to be reported to the Management
• Ensuring no gap is left out, since I was responsible to ensure Executives, expectations are properly communicated to the team members
• Led meetings with the Client Management upon Entry and Exit of the assignment and whenever necessary and meetings held between auditors for alignment of the audit scope and responsibilities
• Made communications to the Client Management on any finding that is required to be reported
• Properly allocation of work to the team members is being done basing on level of experience and proper couching to be done to the team
• Ensured timely reviews of the work papers is being attained from my end at Executives end
• Ensuring Client's expectations and deadlines are met by ensuring a close follow-up is being made to the team members, client personnel as well as audit Executives
• Build a positive and credible relationship with clients with Integrity and Authentic
• Prepare Management reports
• Provide various advisory services to ensure that the required Laws and regulations affecting the audited client are adhered to
• Ensured being up to date with the respective International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS), by reviewing the updates that are made
• Prepared and reviewed Financial Statements and ensured that they are in line with the requirements of TIFRS 1 as issued by National Board of Accountants and Auditors (NBAA).

• Ensure properly planning of an audit engagement is archived to smoothen the audit to the reporting stage
• Assisted the team members in ensuring a proper understanding of an auditee client is being archived
• Made risk analysis of the respective audited client by making inquiries from the Management, review internal risk registers, made awareness of various publications etc
• Which assisted in identify various risks and come up with audit procedures that would result into capturing such risks
• Made reviews of the Internal Controls in place and analyze weakness in place that are necessary to be reported to the Management
• Ensuring no gap is left out, since I was responsible to ensure Executives, expectations are properly communicated to the team members
• Led meetings with the Client Management upon Entry and Exit of the assignment and whenever necessary and meetings held between auditors for alignment of the audit scope and responsibilities
• Made communications to the Client Management on any finding that is required to be reported
• Properly allocation of work to the team members is being done basing on level of experience and proper couching to be done to the team
• Ensured timely reviews of the work papers is being attained from my end at Executives end
• Ensuring Client's expectations and deadlines are met by ensuring a close follow-up is being made to the team members, client personnel as well as audit Executives
• Builded a positive and credible relationship with clients with Integrity and Authentic
• Prepare Management reports
• Provide various advisory services to ensure that the required Laws and regulations affecting the audited client are adhered to
• Ensured being up to date with the respective International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS), by reviewing the updates that are made
• Prepared and reviewed Financial Statements and ensured that they are in line with the requirements of TIFRS 1 as issued by National Board of Accountants and Auditors (NBAA).

• Prepared working papers, reports and supporting documentation for audit findings.
• Prepared comprehensive audit reports, detailing findings and presenting recommendations for improvement.
• Identified various risks and errors to propose corrective action to decision makers.
• Performed auditing work in accordance with rigorous auditing standards and principles.
• Analyzed trends in financial data to investigate fluctuations.
• Developed strong relationships with clients through clear communication, transparency, and professionalism throughout the entire audit process.