As an internal auditor, you'll provide an independent guarantee that an organisation's risk management, governance and control processes are operating effectively.
You'll work within businesses and organisations to monitor and evaluate how well risks are being managed, how business is running and if internal processes are working.
Auditing also includes a consulting service, advising management on how to improve their systems and processes.
The scope and nature of auditing jobs can vary significantly, but the main priority of your work is to ensure any issues that affect the survival and prosperity of the business are dealt with.
The work of an internal auditor differs to that of external auditors as they look at more than financial and accounting risks. They also consider factors such as reputation, growth, environmental impact, treatment of employees and ethics.
What does an Internal Auditor do?
Attending meetings with auditees to develop an understanding of business processes.
Travelling to different sites to meet relevant staff and obtain documents and information.
Researching and assessing how well risk management processes are working and recording the results using software such as Microsoft Word and Excel.
Providing ad hoc advice and guidance to managers and staff at all levels, sometimes by delivering courses and training sessions.
Performing risk assessments on key business activities and using this information to guide what should be covered in audits.
Anticipating emerging issues through research and interviews and deciding how best to deal with them.
Providing support and guidance to management on how to handle new opportunities.
Agreeing recommendations with relevant staff members to make improvements to operations and helping to secure backing for them in meetings.
Preparing reports to highlight issues and problems and distributing the reports to the relevant people.
Assessing how well the business is complying to rules and regulations and informing management of any issues that need addressing.
Managing a variety of stakeholders and their expectations through regular communications.
Contact the Accountancy Division Team
Email the Accountancy Division at email@example.com.