Detecting any deviation in the implementation of the plans and policies of the institution to ensure that the institution’s funds are not lost.
Audit all financial information presented to senior management to ensure its correctness and accuracy.
Preventing any fraud or distortion that is exposed to the financial statements.
Protect the foundation’s assets from being looted and stolen.
Evaluating the performance of the administrative and financial personnel of the institution, and the extent to which they bear the responsibilities assigned to them.
To use only correct accounting data and information in making administrative decisions.
Evaluating the efficiency of using the institution’s economic resources.
Checking all expenses and revenues of the institution to ensure that they all go to their rightful place.
Second: Administrative audit.
Chairing the annual inventory committees for the company’s assets,warehouses, books and references.
Participation in committees to receive construction works, supplies, and purchases.
Follow-up and evaluation of procedures for purchasing supplies, carrying out works, and purchasing spare parts.
Monitor and evaluate the bus operating system and its maintenance procedures.
A sudden inventory of the contents of the company’s warehouses.
Follow up on the personnel affairs department’s files and works periodically.
Regular follow-up of the various administrative work of the company.
The external auditor’s job includes:
Audit accounting procedures and ensure that they are free from intended and unintended errors and limit legal and tax issues.
Ensure that the institution follows international accounting standards and tax procedures.
Audit non-accounting departments such as human resources, procurement, and sales, and their compliance with the policies and laws stipulated in the company’s system.
After completing the aforementioned procedures, the external auditor submits a declaration disclosing what has been audited, puts his own opinion on it, and gives advice for correcting and improving procedures in the event of a deficiency in a party, in accordance with international auditing rules.