Internal Compliance Financial Auditor

A Financial Compliance Auditor I is the intermediate level of work examining and analyzing the business records and accounting systems of a State agency, grantee, business or other entity to verify reliability, accuracy and compliance with generally accepted accounting principles and with statutes or contract provisions. The audits are performed independently or as a member of an audit team. Employees in this classification receive moderate supervision from a Financial Compliance Auditor Supervisor or other designated administrator. Technical guidance may be received from a Financial Compliance Auditor, Lead. The work may require extended travel both in and out of State. Financial Compliance Auditors are differentiated from Internal Auditors based on the scope of the audits performed. Financial Compliance Auditors audit for finance and compliance. Internal Auditors audit for finance and compliance, program results, economy and efficiency. The Financial Compliance Auditor Trainee, Financial Compliance Auditor I and Financial Compliance Auditor II are differentiated on the basis of degree of supervisory control exercised by the supervisor over these employees. The Financial Compliance Auditor Trainee learns to perform duties under close supervision. The Financial Compliance Auditor I performs duties under close supervision at times and under general supervision at other times depending on the complexity of the specific duty being performed. The Financial Compliance Auditor II performs the full range of duties and responsibilities under general supervision. Performs financial and compliance audits of a State agency, grantee, business or other entity to determine financial status and compliance with pertinent laws, regulations and contract provisions;

Identifies the areas to be examined based on the nature of the entity to be audited, prior audit reports, contracts, State and federal laws and regulations and other related documents and issues;

Evaluates the adequacy and effectiveness of an entity's internal controls by reviewing and verifying adherence to policies and procedures meant to insure the reliability and accuracy of financial data and reports and compliance with pertinent laws and regulations;

Develops specific audit work plans based on established audit programs and procedures and pre-audit research showing the purpose of the audit, areas targeted for examination, type and extent of audit tests and an estimate of the time needed to complete the audit;

Examines manual or automated records and conducts interviews to determine the proper recording of transactions and compliance with pertinent laws, regulations and contract provisions;

Reviews and verifies documentation regarding material assets, net worth, liabilities, income and expenditures;

Inspects postings and entries in automated or manually maintained financial records to determine if generally accepted accounting principles were followed in recording transactions;

Verifies automated or manually maintained journal and ledger entries of cash receipts and check payments, purchases, expenses, payroll and trial balances;

Identifies exceptions to generally accepted accounting principles, noncompliance with pertinent laws, regulations and contract provisions and determines any funds that may be owed to the State;

Prepares workpapers to document findings;

Prepares audit reports;

Participates in pre-audit and post-audit conferences with management and employees of the audited entity;

Performs special audits and investigations as required;

Attends courses and seminars in auditing techniques and procedures and in changes and revisions to pertinent laws and regulations;

May participate in legislative audit coordination and follow-up;

May use a computer to perform audit tasks;

May perform reviews of financial statements and audit reports prepared by outside auditors or Certified Public Accountants to determine the adequacy of the reports and the effect of audit findings;

May explain and defend audit findings at informal and formal appeals and exit conferences;

A Bachelor's degree in Accounting from an accredited college or university or a bBchelor's degree from an accredited college or university with 30 credit hours in Accounting and related courses, including or supplemented by 3 credit hours in auditing.

Experience: One year of experience performing financial and compliance audits of a State agency, grantee, business or other entity.

Applicants who had met the requirements for admission to the CPA examination prior to July 1, 1974 will be considered to have met the educational requirement.

Candidates may substitute the possession of a certificate as a Certified Public Accountant or Certified Internal Auditor or a Master's degree in accounting from an accredited college or university for one year of the required experience.

Applicants may substitute one year of professional accounting experience for the required experience.

Armed Forces military service experience as a commissioned officer in Internal Review classifications or Auditing specialty codes in the Financial or Auditing fields of work on a year-for-year basis for the required experience.

Include clear and specific information on your application regarding your qualifications.

Experience with conducting reconciliation.

LICENSES, REGISTRATIONS AND CERTIFICATIONS

Employees in this classification may be assigned duties which require the operation of a motor vehicle. Please make sure that you provide sufficient information on your application to show that you meet the qualifications for this recruitment. The assessment may consist of a rating of your education, training, and experience related to the requirements of the position. It is important that you provide complete and accurate information on your application. Online applications are highly recommended . However, if you are unable to apply online, the paper application (and supplemental questionnaire) may be submitted to the State Board of Elections, 151 West St., Paper application materials must be received by 5:00 pm on the closing date for the recruitment. Resumes will not be accepted in lieu of an application.

Only additional materials that are required will be accepted for this recruitment. We thank our Veterans for their service to our country.

People with disabilities and bilingual candidates are encouraged to apply.

As an equal opportunity employer, Maryland is committed to recruitment, retaining and promoting employees who are reflective of the State's diversity.