Internal Audit Consultant - SOX Documentation & Testing

As an Internal Audit Consultant at LifeMD, your main responsibilities include reviewing and assessing SOX narratives, conducting walkthroughs to document the effectiveness of internal controls, preparing and executing detailed test plans for SOX compliance, and documenting your findings clearly. Additionally, you will review workpapers prepared by other audit team members for accuracy and completeness, identify control gaps, and collaborate with management to implement remediation efforts. Your role is essential in ensuring that LifeMD adheres to SOX standards and best practices.

To qualify for the Internal Audit Consultant position at LifeMD, candidates must possess a Bachelor’s degree in Accounting, Finance, Business Administration, or a related field, along with at least 5 years of relevant experience in internal audit or SOX compliance. A comprehensive understanding of SOX compliance requirements and the COSO framework is essential. Proficiency in Microsoft Office Suite, particularly Excel and Word, is also required. Preferred qualifications include professional certifications such as CIA, CPA, or CISA, excellent communication skills, and a solid analytical mindset.

The Internal Audit Consultant role at LifeMD is a part-time position, dedicating approximately 24 hours per week. This flexible schedule is perfect for experienced professionals who want to maintain a work-life balance while contributing significantly to our compliance efforts in a fast-paced and innovative environment.

At LifeMD, we highly value the professional growth of our employees, including Internal Audit Consultants. We provide opportunities to work on diverse projects, allowing you to expand your skills in SOX compliance and internal controls. Regular training sessions and workshops are also available, ensuring that our team is up-to-date with the latest industry standards and practices. Furthermore, our collaborative environment encourages knowledge sharing and mentorship, fostering professional development at every level.

LifeMD ensures that its Internal Audit Consultants have the necessary support to succeed. You will have access to a collaborative team environment, facilitating close communication with audit management and process owners. This support aids in navigating complex compliance requirements and identifying practical solutions to mitigate risks. Regular check-ins and updates will also keep you aligned with the overall goals and progress of the audit process.

The Sarbanes-Oxley Act (SOX) is a U.S. federal law designed to protect investors by improving the accuracy and reliability of corporate disclosures. As an Internal Audit Consultant, understanding the act's key provisions, such as the requirement for internal controls and the need for documentation, is crucial. When answering this question, emphasize your knowledge of SOX compliance and its role in enhancing corporate governance.

Discuss any previous roles where you were directly involved in SOX compliance testing. Share specific examples of how you prepared test plans, executed tests, and documented your findings. Highlight your ability to identify control gaps and collaborate with management on remediation efforts, which is vital for an Internal Audit Consultant role.

Explain your systematic approach to documentation, emphasizing clarity and detail. Mention tools you use, such as templates or software, to ensure consistency across audit reports. Stress the importance of thorough documentation in supporting internal controls and compliance with SOX requirements.

Prepare a STAR (Situation, Task, Action, Result) response detailing how you identified a control gap in a past role. Focus on the steps you took to analyze the issue, your recommendations for remediation, and the positive outcome that followed. This showcases both your analytical skills and your ability to enact change.

Highlight your commitment to continuous learning in this area. Mention specific resources you regularly follow, such as industry publications, webinars, or professional organizations. This demonstrates your proactive approach to staying current with regulations that impact your role as an Internal Audit Consultant.

Discuss your time management strategies and ability to prioritize tasks effectively. Provide an example of a tight deadline you've successfully navigated in past audit projects, emphasizing collaboration with team members to ensure all aspects are met without compromising quality.

Collaboration is crucial in the internal audit process, especially when working with different departments to gather information and implement recommended changes. Discuss how you ensure clear communication with teams and how involving stakeholders can enhance the audit's effectiveness.

Familiarize yourself with the COSO framework and its components. Provide examples from your experience where you applied COSO principles in auditing processes. This will show your knowledge and practical application of recognized standards in internal audit.

Explain your approach to prioritization, such as assessing risk levels, deadlines, and available resources. You could mention tools or methods you use for organization, like project management software or checklists, to maintain oversight of multiple assignments.

Tailor your response to express your appreciation for LifeMD's innovative approach to healthcare technology. Discuss your excitement about contributing to a fast-growing organization that values compliance and internal controls, aligning your career passions with LifeMD's mission and goals.