As an internal auditor you will work within organizations in order to monitor and evaluate how well they are being run, whether risks are being properly managed while also ensuring their internal processes are working.
The internal Auditor provides an independent, objective assurance and consulting activity to add value and improve the organization’s operations by bringing a systematic and disciplined approach to evaluate and improve effectiveness of risk management, control and governance processes.
- attending meetings with auditees to develop an understanding of business processes;
- traveling 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 to cover 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 whether any issues need addressing;
- managing a variety of stakeholders and their expectations through regular communications.
Internal audit is a varied role and individuals come from a range of backgrounds and levels of education. The career is open to all graduates but a degree, or a diploma in one of the following subjects may be considered beneficial and could increase your chances of future promotion:
- the ability to use your own initiative;
- analytical thinking and attention to detail;
- the ability to work effectively on your own and as part of a team;
- strong ethical standards and high levels of integrity;
- the ability to think objectively and demonstrate sound judgement;
- strong communication skills, both written and verbal;
- organization and facilitation skills;
- resilience under pressure;
- flexible thinking and ability to adapt to change.