STATEMENT OF DUTIES
POSITION: Principal Financial Auditor VACANCIES: 40210
REPORTS TO: Manager Financial Audit
CLASSIFICATION LEVEL: Professional Employees Award Level 4
EMPLOYMENT STATUS: Permanent Full Time
PURPOSE OF POSITION:
The Financial Audit business unit delivers the Office’s statutory financial audit program. This results
in the issue of audit opinions, Management Letters and reports to Parliament analysing financial
results and audit findings aimed at providing Parliament with independent advice and
recommendations on the performance of the Tasmanian Public Sector (including local government)
and State–Owned entities.
As a senior professional, the incumbent applies financial skills, knowledge, and audit methodology to
examine and audit and public sector bodies. As the major contact for senior managers in client
organisations, this role is pivotal in managing the conduct of audits and achieving the Office strategic
objective of improving public sector accountability.
MANAGEMENT AND CONDUCT OF FINANCIAL AUDITS
The matrix below sets out the general approach taken with regard to the responsibilities of different
levels of audit staff within the Financial Audit Business Unit. This position is highlighted (bold and in
larger font) in the matrix. It should be noted that this matrix represents a general rule only and that, in
reality, variations may occur due to staff shortages or absences, staff development or other reasons.
However, it is provided to place this Statement of Duties in context.
The Engagement Leader is the primary contact of the audits specified.
The Team Leader is the person responsible for the day to day management of audits specified.
Nature of Audit Person who Engagement Team Leader Audit Staff
Client signs Audit Leader
Key Accounts Auditor-General Manager Financial Senior Financial Principal
Audit Auditor Financial Financial Auditor Auditor Audit Cadet
High Risk General Manager Senior Financial Financial Auditor Principal
Financial Audit Auditor Audit Cadet Financial Services Auditor
Medium Risk Manager Financial Senior Financial Financial Auditor Financial Auditor
Audit Auditor Audit Cadet
Low Risk Senior Financial Financial Auditor Financial Auditor Principal
Auditor or Audit Cadet Audit Cadet Financial Financial Auditor
NATURE AND SCOPE
This is a senior professional position with a strong field and operational focus. It is responsible for the planning and execution of allocated financial audits, coordinating, reviewing and guiding the work of subordinates involved in these audits and managing associated administrative and people
management issues. The position interprets accounting and auditing standards and legislation and provides written reports and opinions as well as recommendations to enable clients to improve their accounting practices. Specific investigative reviews may also be conducted at the request of the Auditor-General. The position manages high risk audit clients and develops a strong client
relationship with all organisations within the portfolio of audits assigned to them.
Major demands stem from the wide range of organisations topics and accounting standards dealt with, competing deadlines, client requirements and Office needs. The communications focus of the
position is on conveying, explaining and clarifying information, concepts and ideas to clients and achieving negotiated outcomes with them.
1. Plans audits and allocates audit responsibilities to assigned staff. Personally responsible for the
day-to-day conduct of audits of key accounts (as team leader) and the management of other
audits as assigned.
2. Provides leadership and guidance to staff conducting audits and reviews reports and
correspondence produced by them.
3. Manages audits to ensure that they are completed in accordance with time, budgetary and quality
4. Maintains regular contact with senior management in client organisations to ensure that they are
kept informed of the progress of audits and any matters that may impact on management and
reporting in their organisation.
5. Prepares and provides reports, opinions, correspondence and presentations to clients and seeks
to resolve differences of opinion.
6. In consultation with clients, prepares drafts for the Auditor-General’s Report to Parliament.
7. Provides high level technical advice, on auditing practices and the interpretation of accounting and
auditing standards, to senior client and Audit Office staff.
8. Utilises administrative tools to ensure that all resources controlled (people, time, funds etc) are
accounted for and utilised effectively and efficiently.
9. Contributes to the development of business unit plans and the measurement of performance
against critical success factors arrived at and contributes to the overall functioning of the Office
Performance is measured against Key Performance Indicators that are developed and agreed to for
each role in the Office.
KEY COMPETENCIES (Selection Criteria)
1. Customer Analysis & Partnership
Creating and developing longer term relationships with customers and others. 2. Influence & Impact
Authoritatively representing the Office to gain acceptance and commitment from a range of
people. Taking a leading and active role in shaping the agendas of discussions, what is being
sought from interactions and how this can be achieved. 3. Motivates Others
Providing the team with a clear sense of purpose and direction and an environment that
encourages a desire and willingness to perform at a high level with enthusiasm.
4. Coaches for Performance
Evaluating and managing all levels of performance and providing appropriate assistance and
resources to enable optimum performance to be consistently delivered. 5. Judgement & Decision Making
In new and differing situations and/or under stress, and/or being presented with a large range
of information or options, reaching well reasoned, logical, factually based, conclusions and
developing appropriate solutions or responses.
Identifying ways to improve how business is done and, by taking sensible risks, being prepared
to make mistakes and considering a wide range of factors (including those not traditionally
associated with the work area), generating imaginative alternative approaches. 7. Operational Planning
Translating strategies and long term targets and priorities into implementation plans, including
comprehensive project plans and multi-facetted schedules. Making contingency plans and
balancing and prioritising multiple demands.
8. Understanding & Application of Functional Knowledge (Professional)
Applying strong functional skills to critically evaluate and comment on relevant information and
issues. Identifying key issues, trends and inconsistencies and their implications for the
? A tertiary qualification at degree level in a relevant discipline from a recognised tertiary institution;
? Completed the certified practicing accountant certificate program or chartered accountant
certificate program and three years supervised/mentored practical experience or five years
unsupervised experience in finance and/or accounting and/or business advice and/or auditing; OR
three years supervised/mentored practical or five years unsupervised experience in the relevant
discipline and/or in management
Driver’s Licence ________________________________________________________________________________
? Significant out of hours work may be required during the Audit report period (ie. July to October)
and some work outside normal hours may be required at other times.
? Generally, periods of leave will not be granted between July and October.
? May be required to undertake intrastate/interstate travel.
? May be assigned to other locations within the Office to perform work of a similar nature
POSITIONS REPORTING TO THIS POSITION:
While no formal reporting relationship exists, this position provides day to day leadership, guidance
and work allocation (as engagement leader or team leader) to Senior Financial Auditors, Financial
Auditors, Audit Cadets and other staff.
ENVIRONMENT AND CONTEXT:
The Vision of the Tasmanian Audit Office (TAO) is Excellence in Audit Services and the Mission of
TAO is to provide Parliament with independent opinion, advice and recommendations on the performance of the Tasmanian Public Sector (including local government and State-Owned entities).
Employment in the State Service is covered by the State Service Act 2000. Heads of Agency are
required to uphold, promote and comply with State Service Principles that are set out on Section (7)
of the State Service Act 2000 and, as set out in the State Service Code of Conduct (State Service
Act 2000 Section 9) employees are required to behave in accordance with these principles. In
addition, employees of the Tasmanian Audit Office are required to act in accordance with the Code Of Conduct of the TAO and sign an agreement indicating that they understand this requirement.
TAO promotes equity in employment. It provides workplaces that are free from discrimination and it
recognises and utilises the diversity of the community it serves. In doing this it acknowledges the
individual differences that can contribute to the capacity of a person to perform the inherent
requirements of the job.
TAO is committed to high standards of Occupational Health and Safety and all employees are expected to maintain safe working conditions and practices. Smoking is prohibited in State
Government workplaces and vehicles.
Employees can expect to work extensively with information management systems and screen based
equipment. This is to be done in accordance with the TAO Privacy and Information Management policies.
Prepared by: David Strong
Title: General Manager – Strategy and Governance Date: 14 June 2007
Statement of Duties Approved by: Mike Blake
Title: Auditor-General Date: 14 June 2007
Classification Approved by: Mike Blake
Title: Auditor-General Date: 14 June 2007