Internal Auditor in Scotland

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 risk

Safeguarding assets

Gathering and analysing data

Checking the accuracy of financial reports

Auditing the efficiency of business processes

Ensuring the business adheres to policies, procedures, legislations and regulations

Stakeholder communication

Internal auditor qualifications, skills and experience

Qualification requirements for internal auditing roles are relatively broad and can include any of the following:

Finance

Economics

Accountancy

Computing

Business Studies

Overseas 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 organisation

An excellent eye for detail

Good time-keeping

The ability to think objectively

High emotional intelligence

Good verbal and written communication skills

The ability to form good professional relationships

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Salary for Internal Auditor in Scotland

54500 - 64038

25th Percentile

54500

Little or no prior experience in the position; still developing relevant skills.

Demand: Low

50th Percentile

58043

Some prior experience in the position; has several relevant skills.

Demand: Moderate

75th Percentile

64038

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

136250

185300

223450

Group Finance Director

120173

137885

152600

Finance Director

91833

109000

134615

Shared Service Centre Director

84475

95920

109000

Group Financial Controller

83385

100553

138975

Financial Controller

73848

89380

98373

Finance Manager

58315

67580

71940

Group Accountant

58860

67035

72213

Qualified Management / Financial Accountant

53955

58860

63220

Director of Audit & Risk

94830

100008

114450

Internal Audit Manager

62675

70850

76300

Treasury Manager

71123

79025

85020

Treasury Accountant

54500

59405

67035

Tax Manager

63765

77390

95375

Tax Accountant

54773

59950

67035

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