Traveling auditor vs internal audit director

Differences between traveling auditor and internal audit director duties and responsibilities

Traveling auditor example responsibilities.

• Manage the collection, analysis and verification of managerial payroll information to detect fraud and/or unethical practices.
• Process and audit travel and expense reports ensuring compliance with company policy as well as IRS regulations.
• Support GL regarding travel audit, journal entry support, account analysis and monthly reconciliations.
• Analyze revenues, balance sheet account reconciliations, prepare gross profit flash and month end close in a timely manner.
• Audit report to ensure correct division, cost center and GL account are submit, correctly, for each expense type.
• Issue checks via on-line A/P system, monitor cash, bank and internal control account reconciliation as well as A/R collections.
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Internal audit director example responsibilities.

• Implement COSO framework to achieve objectives relate to financial reporting, regulatory compliance, and operational effectiveness and efficiency.
• Manage Sarbanes-Oxley implementation and internal audit outsourcing and co-sourcing activities for clients in multiple industries including financial services and manufacturing companies.
• Develop internal audit risk assessments base on COSO internal control framework.
• Establish internal quality control standards which enable maximum SOX reliance strategy by external auditors resulting in reduce external audit fees.
• Review detailed work papers and reports in accordance with the department and IIA standards.
• Establish compliance program which include all internal company investigations and ethics training for all employees.
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