Phindile Mhlongo

Developing risk based internal audit planning documents

• Developing and drafting of Audit Programs
• Drafting System Description and Risk and Control Matrix in developing Audit Programs
• Initiating, performing and concluding audit execution according to approved Audit Program
• Analysing processes and controls, and reporting identified gaps in internal control systems
• Drafting Findings Worksheets and assisting in drafting of Reports
• Compiling Audit Files and referencing them according to approved methodology
• Assisting trainees in executing their duties
• Performing internal audit and audit committee meeting administrative duties.

• Processing accounting transactions in Coltech
• Allocating payments received from funding institutions to learners
• Processing refunds
• Efficient management of suspense transactions, addressing inquiries promptly and accurately
• Maintained consistently high success rate of collecting on overdue accounts
• Negotiated payment plans with clients
• Maintained accurate and up-to-date records of all petty cash transactions, ensuring easy retrieval and analysis when required
• Prepared accurate journal entries, contributing to precise month-end closing procedures
• Participated in special projects as needed, applying strong analytical skills to drive successful outcomes
• Assisted with internal audits to ensure regulatory compliance and efficient financial operations
• Safeguarded company assets by implementing strong internal controls within accounting processes
• Enhanced efficiency by organizing and maintaining a well-structured filing system

• Evaluating adequacy and effectiveness of controls and making recommendations
• Developing audit procedures and testing controls; executing procedures to test controls
• Preparing of working papers and documenting audit procedures which have been followed
• Involved in drawing up audit planning memorandums
• Understanding systems and processes within the organisations
• Project management; executing the plan, setting deadlines and writing reports
• Report to management on a weekly basis with regards to the progress of the audit
• Obtaining management comments on informal queries raised during audit execution
• Ensuring that all risks have been highlighted, that risks identified are correct and that adequate controls are in place to mitigate these risks
• Ensuring that sufficient evidence is available to substantiate findings – quality control
• Ensuring that audits are conducted in accordance with the standards of professional practices
• Compiling audit files and cross referencing on Team-Mate.

• Conducting risk assessment to inform audit program relevant to audit projects
• Assisting with conducting risk assessment through interviewing clients, inspecting and analysing information obtained, recording results and identifying high-risk areas to inform audit program relevant to the audit project
• Executing audit steps as per audit programs by selecting samples, testing samples, determining impacts of inadequacies or ineffectiveness of controls, gathering evidence, completing working papers and drawing conclusions
• Developing management reporting points and presenting to clients and confirmation of factual correctness
• Compiling audit files and cross referencing on Team-Mate.

• Generating and analysing financial reports, creating and capturing financial entries on SAP, performing reconciliations, forecasting, compiling monthly reports and assisting with audits.