An internal auditor is responsible for reviewing a company’s processes, identifying anomalies, and reporting any issues found to management. The outcome of this work should be a series of process improvements and adjustments to control systems, so that a business operates more efficiently and effectively, while mitigating risk.

Principal Accountabilities

Perform risk assessments.
Create an audit plan.
Obtain and evaluate internal accounting and operational documentation.
Develop recommendations and formulate cost saving actions.
Prepare and present reports regarding findings.
Conduct follow-up audits.
Provide ad hoc advice to employees regarding issues found and how to remediate them.

Desired Qualifications

A bachelor's degree in accounting, as well as excellent analysis and presentation skills. Should also have excellent report-writing skills. Must be able to work with little supervision. The Certified Internal Auditor certification is preferred.

Related AccountingTools Course

Internal Auditing Guidebook

Working Conditions

The internal auditor generally works in an office environment, but is expected to be highly familiar with all production operations, and to regularly visit all significant company operations.

Supervises

None

Commentary

This position requires a high level of interpersonal skills, since internal auditors are expected to constantly interact with department personnel throughout the company. The internal auditor can act as an in-house consultant for department managers, providing them with valuable advice regarding how to improve their operations.