Internal Auditor Job Description: Top Duties and Qualifications

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.

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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:

 

Example 1

A career in Information Security, within Internal Firm Services, will provide you with the opportunity to develop and support our internal security technologies and services across the entire global and local PwC network. You'll focus on being the forefront of designing, developing, and implementing information technology including hardware, software, and networks that enhance security of internal information and protect our firm's intellectual assets. Our Information Security Technology and Operations function identifies technology trends and opportunities to build, integrate, and operate technologies throughout the PwC environment. The goal of this team is to lead the development and operations of global enterprise solutions, platforms and technologies that enable PwC professionals to work more efficiently and more securely while delivering the highest level of service to clients. Preferred Qualifications: Degree Preferred: Bachelor Degree Certification(s) Preferred: Information Governance Professional (IGP) , Project Management Professional (PMP), Certified Information, Privacy Professional (CIPP),Certified Records Manager (CRM), Certified Information Systems Security Professional (CISSP) Preferred Knowledge/Skills: Demonstrates extensive abilities and/or a proven record of success managing data related initiatives and operations, preferably for a global network of professional consulting services firms, emphasizing the following areas: Possessing a knowledge of data and information governance and management, data protection and information risk management, knowledge management, information lifecycle management, and the use of technology related to data and information; Understanding business problems in the form of functional and technical requirements, and innovative thought leadership in the creation of solutions; Identifying opportunities and strategies to demonstrate and articulate data value through the development of leading edge capabilities in business intelligence and data analytics in order to monetize data, while establishing data protection; Displaying an understanding of PwC’s internal organization and processes; Presenting information and insight to all levels within the organization; Creating internal partnerships with key stakeholders; Building, maintaining and utilizing networks of both external client and internal staff networks; Supervising teams to create an atmosphere of trust, seeking diverse views to encourage improvement and innovation, and coaching staff, including providing timely and meaningful written and verbal feedback; Creating and implementing program and project objectives, processes, technology acquisition and deployment, training and communication; Managing resource requirements, project workflow, budgets, and preparing to and/or coordinating complex written materials; and, Developing, coaching, and managing direct reports. Not the role for you? Did you know PwC offer flexible contract arrangements as well as contingent work (ie temporary or day rate contracting)? The skills we look for in future employees All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, ‘The PwC Professional’ and are made up of five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships. Learn more here: [website] Diversity Valuing Difference. Driving Inclusion. We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool because creating value through diversity is what makes us strong as a business, enabling us to solve important problems and deliver value to our clients. We encourage an inclusive culture where people can be themselves, are valued for their strengths and are empowered to be the best they can be. As an organisation with an increasingly agile workforce, we also support different ways of working offering flexible working arrangements. Learn more here about our work to support an inclusive culture.

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

What is the difference between an Internal Auditor and an External Auditor?

An Internal Auditor is a full-time employee of a company; an External Auditor is an independent contractor. The Internal Auditor carries out audits throughout the year, whereas an External Auditor does a single audit annually. Reports generated by an Internal Auditor are for managerial use. An External Auditor’s reports are for investors. An Internal Auditor offers consultancy services while an External Auditor is legally forbidden to.

Who does an Internal Auditor report to?

An Internal Auditor reports to a Senior Accounting Officer or the General Manager in a large firm. In a small agency, they report directly to the CEO or owners.

Do Internal Auditors have different responsibilities in different industries?

Some Internal Auditors perform information-technology audits, assessing the safety and accuracy of financial data stored on a server. Others perform operation audits, which look at whether or not an organization’s internal controls are adequate and working. Another group of Internal Auditors do performance audits which evaluate an organisation’s real performance against their set goals and objectives.

How can you make your Internal Auditor job description stand out?

Ensure that your Internal Auditor job description is brief and interesting. Keep the details and requirements short and engaging while specifying your skills and requirements. Your job description must express the education, experience and skills your candidates need so that applicants can determine if they are a good fit in your business. Use an informal tone, but also set the right expectations for the role.

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