What does an Internal Auditor do?
Internal Auditor examine and analyze company records and financial documents. They identify issues like compliance concerns, risks, fraud, and data inaccuracies. After reviewing all records within their audit’s scope, they investigate any problems and offer recommendations.
As an Internal Auditor, they constantly monitor, challenge, and improve processes from within. They take responsibility for crucial accounting functions and review the business operations and processes of organizations.
Internal Auditor Responsibilities
- Identify and assess areas of significant business risk.
- Implement best audit and business practices in line with applicable internal audit statements.
- Manage resources and audit assignments.
- Identify and reduce all business and financial risks through effective implementation and monitoring of controls.
- Develop, implement and maintain internal audit policies and procedures in accordance with local and international best practice.
- Compile and implement the annual Internal Audit plan.
- Conduct ad hoc investigations into identified or reported risks.
- Oversee risk-based audits covering operational and financial processes.
- Ensure complete, accurate and timely audit information is reported to Management and/or Risk Committees.
- Overall supervision of planned annual audits.
Internal Auditor Qualifications
- Bachelor’s degree in Accounting, Finance, Business, or relevant field.
- Relevant professional certification preferred.
- Experience in internal auditing or related roles.
- Strong understanding of audit principles and practices.
- Proficiency in audit software and Microsoft Office.
- Analytical and problem-solving skills.
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