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Internal Auditor Job Description: Top Duties and Qualifications

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An Internal Auditor scrutinises an organisation’s expenditures and risks against a set standard. They do this by keeping the internal, financial and accounting practices of an organisation in order.

Internal Auditor duties and responsibilities

An Internal Auditor carries out the following duties and responsibilities:

  • Communicating the findings of an audit via written reports and oral presentations
  • Making recommendations to improve or strengthen internal controls
  • Representing teams/management during audit meetings
  • Analysing business data and evaluating information/systems
  • Participating in the continuous improvement of audit processes and procedures
  • Leading the accounting or internal audit when developing an annual Internal Audit Plan
  • Training junior staff and supervising interns

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Internal Auditor Job Description Examples:

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Indeed’s Employer Resource Library helps businesses grow and manage their workforce. With over 15,000 articles in 6 languages, we offer tactical advice, how-tos and best practices to help businesses hire and retain great employees.

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What does an Internal Auditor do?

An Internal Auditor conducts audits to assess the effectiveness and accuracy of a financial system’s recordkeeping. They ensure that internal and financial processes comply with laws and regulations. The Internal Auditor scrutinises balance sheets, account balances and cash flow statements for anomalies.

The Internal Auditor recommends changes to an organisation’s accounting or operations to a Manager. Internal Auditors also perform investigative work into ethical issues. When the organisation implements audit actions, it’s the Internal Auditor who tracks and monitors them.

Internal Auditor skills and qualifications

The Internal Auditor must have solid business judgement and a burning desire to deliver sustainable results. A successful Internal Auditor will also have various prerequisite skills and qualifications that typically include:

  • In-depth knowledge of the Generally Accepted Auditing Standards (GAAS)
  • Strong written and verbal communication skills
  • Excellent research and analytical skills
  • High levels of integrity and ethical standards
  • A keen eye for detail to successfully scrutinise data
  • Ability to stay calm in a high-pressure work environment
  • In-depth knowledge of accounting software and standards
  • Ability to interact with coworkers and work in a team

Internal Auditor experience requirements

An Internal Auditor needs 3-5 years of experience in auditing financial records following the Generally Accepted Auditing Principles (GAAP). The ideal candidate has a background in accounting or auditing, knowing how to assess financial influences. They need experience with computational auditing, using computers to sort out and analyze data. Their competency with auditing software enables them to perform calculations while creating in-depth reports.

Internal Auditors need six months of experience working with field regulations, policies and bylaws. Pre-entry work experience is an acceptable entry status for an Internal Auditor filing for a Junior Support Role.

Internal Auditor education and training requirements

A bachelor’s degree in either business, finance, accounting or economics is essential for an Internal Auditor. A master’s degree is a prerequisite for a Senior Auditor’s post. Some organisations prefer applicants with a Certified Internal Auditor or Certified Fraud Examiner certification. An applicant with certifications in internal auditing or accounting has a strong work history to employ.

Internal Auditor salary expectations

According to Indeed Salaries, the average salary for an Internal Auditor in the UK is £50,593 per year. Their salary depends on their level of experience and location. An Internal Auditor’s area of speciality and the size of their organisation also plays a role in their wage.

Job descriptions samples for similar positions

If you would like to hire for a role other than Internal Auditor, here are a few description samples to consider:

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Internal Auditor job description FAQs

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