An internal auditor is relied upon to assess how well a company is managing risk. Working as part of the in-house finance team, they use a systematic methodology to explore how well internal processes are working and whether company risk and operations could be improved.
Internal audit job description and responsibilities
Professionals within this job role act as a moderator for all company accounts, ensuring that they are compliant and that any future risk is identified and managed. Typical internal auditor responsibilities are:
- Assessing company financial risk
- Safeguarding assets
- Gathering and analysing data
- Checking the accuracy of financial reports
- Auditing the efficiency of business processes
- Ensuring the business adheres to policies, procedures, legislations and regulations
- Stakeholder communication
Internal auditor qualifications, skills and experience
Qualification requirements for internal auditing roles are relatively broad and can include any of the following:
- Business Studies
Overseas professionals are typically educated to a postgraduate masters level and can undergo a conversion by gaining a CIMA, ACCA or ACA specialist qualification.
An in-demand professional will have the following qualities:
- Good organisation
- An excellent eye for detail
- Good time-keeping
- The ability to think objectively
- High emotional intelligence
- Good verbal and written communication skills
- The ability to form good professional relationships
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