Internal Audit Department
Executive Manager: Adnan Al-lahaseh
The Internal Audit Department works professionally, independently, and objectively assisting the management in improving its operations and fulfilling its responsibilities efficiently and effectively. This is achieved by evaluating the accuracy of the CBJ's various activities and the extent of conformity and compliance with the effective laws, regulations, instructions, policies, and plans. In addition to helping the CBJ achieving its objectives through assessing and improving the effectiveness of risk management, internal controlling and monitoring systems, and governance processes. In particular, the department performs the following tasks:
Evaluating and improving the efficiency and adequacy of controls in the CBJ.
Evaluating the risk management's effectiveness identified by the Risk Management and Compliance Department and is related to the CBJ's operations and contributing to its improvement.
Evaluating the CBJ's governance framework and making proper recommendations to contribute to its improvement.
Evaluating the credibility and reliability of the financial information and the methods used to determine, measure, classify, and prepare such information.
Evaluating the enforced systems and work procedures to ensure their compliance with the effective laws, regulations, instructions, policies, and plans, as well as assessing their adequacy, and the extent of compliance, in addition to providing recommendations to enhance their effectiveness and efficiency.
Examining and evaluating the means of assets safeguarding and ensure their actual existence.
Evaluating the adequacy and appropriateness of existing resources to ensure the optimal use of these resources.
Evaluating various processes and programs to ensure that the results conform with the established objectives and that they are implemented according to the approved plans.
Drafting and presenting the annual audit plan, which is prepared based on the risks, to the Audit Committee. The plan also includes the employees' training needs in order to approve it and any of its amendments.
Preparing The Internal Audit Charter and presenting it to the Audit Committee to approve it and any of its amendments.
Evaluating the efficiency and effectiveness of the systems and work procedures of various organizational units in the CBJ and providing recommendations thereupon.
Preparing studies and researches necessary in the fields of business at the CBJ and the internal audit as well as providing the proper recommendations thereupon.
Preparing and reporting the results of auditing and evaluation as well as providing the proper recommendations thereupon.
Cooperating and coordinating with external oversight parties as well as studying and responding to the reports received from such parties.
Implementing cooperation and coordination mechanisms with the organizational units inside and outside the department.
Following up the recommendations to ensure that the concerned party has taken the proper actions.
Responding to the inquires of the senior management of the CBJ and preparing studies and researches upon its request.
Providing consultation to the CBJ's organizational units regarding several encountered extraordinary issues upon their request.
Participating in the investigations held inside the CBJ per the adopted approaches.
Participating in the permanent and temporary committees in addition to task teams under the audit plan approved by the Audit Committee\ Board of Directors.
E-mail: auditing@cbj.gov.jo