Internal Auditor Job Duties
- Ensures a company or organisation complies with internal regulations and established control protocol
- Examines documentation, including reports, statements, records, and memos to gather information
- Reconciles documentation with actual inventory or assets to ascertain accuracy
- Completes standard paperwork and questionnaires to confirm internal controls
- Participates in meetings with individuals and departments to update auditees on findings and the audit process
- Prepares reports and preserves documentation pertaining to audits for internal record
- Presents summarised findings concerning audit results and trends for internal groups
- Analyses audit results to determine methods for increasing profits and decreasing unnecessary costs
- Makes recommendations for the best ways for a company to avoid fraud and reduce waste
- Assesses best financial practices for an organisation and makes relevant, informed suggestions
- Keeps up-to-date on audit procedures and regulations by attending conferences, workshops, and continuing education seminars
- Participates in industry organisations and develops a professional network
- Develops a speciality in auditing a particular industry, such as health care or government
- Works with a team to achieve company goals
- May work extra hours during busy audit seasons or to meet certain milestones
Internal Auditor Skills and Qualifications
Bachelor's or Master's Degree in Accounting or Finance, Accounting, Auditing, Knowledge of Legal and Financial Systems, Documentation and Record Keeping, Attention to Detail, Problem Solving, Critical Thinking, Analysis, Teamwork, Written and Verbal Communication, Interpersonal Communication.