Ihab Hubeishi

Description: Reporting to the CAE with an overall control and
responsibility to provide independent, professional and objective
assurance and consulting activity designed to add value and improve
the Companys operations and internal controls by bringing a
systematic, disciplined approach to evaluate and improve the design
and effectiveness of risk management, internal controls and
governance processes.
Duties & Responsibilities:
Developing an annual Audit Plan using appropriate risk-based
methodology and taking into consideration potential risks or control
concerns identified by management, and submitting this Plan to the
CAE thereafter the Audit Committee for review and approval.

Allocating resources, setting frequencies, selecting assignments,
determining the scope of work, and applying the techniques required
to accomplish internal audit objectives;
Submitting Internal Audit reports to the CAE and thereafter the Audit
Committee, Management, and Independent Auditors regarding the
internal control structure, identifying significant control issues, and
providing related recommendations;
Reporting to CAE thereafter the Audit Committee and management
the status of the current years audit plan and the sufficiency of
department resources;
Evaluating the adequacy and timeliness of managements comments,
and the corrective action taken on all significant control issues noted
in such reports.
Conducting follow-up reviews as necessary and periodically preparing
reports to the Audit Committee on the status of managements
progress;
Keeping the Audit Committee informed of emerging trends and best
practices in Internal Auditing;
Providing an assessment of the adequacy and effectiveness of the
organizations processes for controlling its activities and managing
risks;
Discussing audit findings and their impacts professionally and
confidently with appropriate levels of the organization and delivering
structured audit reports. Present findings and proposes
recommendations that deal with the root cause of issues and their
impact to the organization.

Evaluating and providing reasonable assurance that risk management, control, and governance systems in Al-Gosaibi group of companies are functioning as intended and will enable the organization’s objectives and goals to be met. Reporting risk management issues and internal controls deficiencies identified directly to the Audit Committee in the Board of Directors of Al-Gosaibi companies and providing recommendations for improving the organization’s operations, in terms of both efficient and effective performance.