Internal Auditor

What is an internal auditor?

An internal auditor is relied upon to assess how well a company is managing risk. Working as part of the in-house finance team, they use a systematic methodology to explore how well internal processes are working and whether company risk and operations could be improved.

Internal auditor job description and responsibilities

Professionals within this job role act as a moderator for all company accounts, ensuring that they are compliant and that any future risk is identified and managed. Typical internal auditor responsibilities are: Assessing company financial riskSafeguarding assetsGathering and analysing dataChecking the accuracy of financial reportsAuditing the efficiency of business processesEnsuring the business adheres to policies, procedures, legislations and regulationsStakeholder communication

Internal auditor qualifications, skills and experience

Qualification requirements for internal auditing roles are relatively broad and can include any of the following:FinanceEconomicsAccountancyComputingBusiness StudiesOverseas professionals are typically educated to a postgraduate masters level and can undergo a conversion by gaining a CIMA, ACCA or ACA specialist qualification.An in-demand professional will have the following qualities:Good organisationAn excellent eye for detailGood time-keepingThe ability to think objectivelyHigh emotional intelligenceGood verbal and written communication skillsThe ability to form good professional relationships 

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Accounting Functions
Accounting Software Systems
Audit Findings
Audit Program
Audit Reports
Auditing
CobiT
Compliance
DCAA
ERP - Enterprise Resource Planning
Salary for Internal Auditor
50000 - 58750
25th Percentile
50000
Little or no prior experience in the position; still developing relevant skills. Demand: Low
50th Percentile
53250
Some prior experience in the position; has several relevant skills. Demand: Moderate
75th Percentile
58750
Extensive prior experience in the position; has mastered relevant skills. Demand: High
Projected salaries for related positions Position title 25th Percentile 50th Percentile 75th Percentile Chief Financial Officer 125000 170000 205000 Group Finance Director 110250 126500 140000 Finance Director 84250 100000 123500 Shared Service Centre Director 77500 88000 100000 Group Financial Controller 76500 92250 127500 Financial Controller 67750 82000 90250 Finance Manager 53500 62000 66000 Group Accountant 54000 61500 66250 Qualified Management / Financial Accountant 49500 54000 58000 Director of Audit & Risk 87000 91750 105000 Internal Audit Manager 57500 65000 70000 Treasury Manager 65250 72500 78000 Treasury Accountant 50000 54500 61500 Tax Manager 58500 71000 87500 Tax Accountant 50250 55000 61500

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