Internal Audit job description

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The role of an internal auditor is becoming increasingly important in the multi-faceted world of business and many companies now look to this service for streamlining their business. An internal auditor is expected to evaluate an organisation’s operations and find ways to optimise performance through risk management, control and governance processes.
Internal auditing is best suited to the type of person who has impeccable organisational skills, time management and keen analytical skills. Most internal auditors have a university degree in some business-related subject and other skills such as literacy and numeracy are invaluable for the job.
The average salary for internal auditing is around £42,500, with lows of about £32,500 and highs of £57,500. This line of work has great career prospects and many people who enter the profession are able to use it as a stepping stone to more highly paid work in the future.

Description

Internal Auditors analyse the internal banking and financial processes of a company. They review models, gather data and interview managers and employees. Auditors often do risk assessment and check that a company is adhering to industry regulations. These professionals are very adept, shrewd and thorough.
Mangers, business executives and directors rely on the expertise of an Internal Auditor. They typically carry out any recommendations to change policies, design new models or even change employee responsibilities. Their assessments help companies fulfil their obligations to international and government compliance agencies.
An Internal Auditor usually performs many of the following tasks:
• Coordinating with other managers
• Conducting risk assessment
• Testing banking models
• Documenting findings
• Drafting recommendations
• Preparing reports
• Conducting presentations
• Meeting with business owners and executives
• Using audit programs
• Evaluating financial records
• Investigating fraud

Skills

• Negotiating
• Interviewing
• Investigating
• Applying technical auditing knowledge
• Using initiative
• Using computer applications
• Being amenable
• Being diligent
• Being thorough
• Being a professional
• Project management
• Management
• Multitasking
• Managing stress

Education

An Internal Auditor may have several types of qualifications including a Bachelors or Masters Degree. These certifications include a:
•    ACA, ACCA or CA
•    CIMA
•    IIA or MIIA
•    CIPFA or CISA
•    QICA
•    CISM or CISSP
•    CCAB

Overview According to our data, these are the percent of job offers for internal audit.

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Companies According to our data, by number of offers, these are the top companies that are hiring for internal audit.

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Salaries According to our data this is the average salary range offered for internal audit.