Internal Auditor Job Description

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Internal Auditor Job Description

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Accounting

Job summary 1

The Internal Auditor will be responsible for or will assist in, the planning and professional performance of audit assignments and risk assessments, including tests of controls and/or tests of details including (but not limited to): financial audits, IT audits, internal controls, operational performance, compliance with applicable laws and regulations, accreditation standards, contracts, compliance with company policies and procedures, and fraud investigations. Works under limited supervision with moderate latitude for initiative and independent judgment under the direction of more experienced auditors. Adheres to all corporate policies and procedures as well as professional ethical standards.

Duties & Responsibilities 1

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Requirements & Skills 1

Job summary 2

The Internal Auditor must be proficient at examining and analyzing financial and operational records of the company to determine the adequacy, effectiveness, and efficiency of the systems of internal control, including the quality of ongoing operations and compliance with applicable laws, regulations, and board policies/procedures. Additionally, the Internal Auditor performs follow-up on the status of outstanding internal audit issues and advocates internal control and corporate governance concepts throughout the organization.

Duties & Responsibilities 2

Strategic Focus: anticipate future needs, opportunities, and challenges; and link long-range objectives and priorities to daily work.
- Team Leadership: create effective and productive teams; generate excitement, enthusiasm and commitment; and celebrate team accomplishments.
- Champion Change: actively promote change as a necessary business function; demonstrate positive acceptance of change; and enable self and others to adapt to change and remain effective.
- Develop People: provide feedback, information, support, opportunities, and resources to help people develop new or higher levels of skill or ability.

Requirements & Skills 2

Understanding of internal auditing standards, COSO, and risk assessment practices
Use of PC system software and audit-related software
Expert user of standard office software such as Excel, Word, and Access
Effective written and verbal communication skills
- Effective analytical, problem-solving, and decision-making skills
- Ability to multi-task and prioritize workloads in a fast-paced, detail and deadline-oriented environment
- The Internal Auditor should have a degree in accounting, finance, or business administration, and 2-5 years related experience and/or training, or an equivalent combination of education and experience

Job summary 3

To perform internal audit procedures under the general direction of the Internal Audit Senior; to conduct walk-throughs for processes; to assist in the preparation of internal audit reports and audit programs.

Duties & Responsibilities 3

Conducts internal audits in conformance with auditing procedures and departmental policies.
Performs internal audit procedures including walk-throughs, preparation of narratives, and business risk and control matrices; identifies control gaps and weaknesses.
Prepares and reviews draft reports reflecting the results of the work performed.
Provides recommendations for improving the organization's controls and operations.
- Assists in preparing audit programs and identifying risks.
- Develops and modifies internal audit programs to include all company functions.
- Communicates with company management as needed during internal audit activities.

Requirements & Skills 3

Job summary 4

We are seeking experienced candidates with strong communication skills. This Internal Auditor role is a strong match for those who can balance multiple responsibilities. Under the direction of more experienced audit staff, the Internal Auditor plans and executes audit assignments (financial and operational audits, fraud investigations).

Duties & Responsibilities 4

Assists with the development of risk-based audit plans and participates in the presentation of the audit plan to management.
- As part of the team, present findings to management in writing (audit reports) and verbally.
- Conducts audit work as part of a team.
- Reviews and tests the control environment to ensure that it adequately and effectively ensures: the reliability of financial reporting; safeguarding of company assets; compliance with applicable laws and regulations; and the efficiency and effectiveness of company operations.

Requirements & Skills 4

Bachelor’s degree in Accounting, Finance, or business-related field or Bachelor’s degree in Management Information Systems.
1+ years of audit or accounting experience with increasing responsibility.
- Certified Public Accountant (CPA) or equivalent is required.
- Certified Internal Auditor (CIA) a plus.
- Some experience assessing internal controls by auditing standards, COSO, risk assessment practices, technical aspects of US GAAP accounting, and financial reporting.

Job summary 5

Under the direction of the Senior Manager of Internal Audit, the Internal Auditor is responsible for the timely execution of risk-based internal audits of financial statements by the internal audit plan, as well as assisting with other audit matters and projects.

Duties & Responsibilities 5

Requirements & Skills 5

Bachelor of Science degree in Accounting, Finance, or a related field, is required from an accredited institution.
Active CPA status preferred.
CPA firm experience preferred.
Microsoft skillset required.
General knowledge of internal controls (i.e. Sarbanes Oxley), to prevent the risk of material misstatements due to errors and omissions and the misappropriation of assets.
Attention to detail and accuracy required.
- This position must have the ability to communicate across all departments both internal and external.
- Good organizational, problem-solving, decision-making, negotiation, and conflict-management skills are required.
- Some knowledge of IT General Control and IT Application Control tests preferred.

Job summary 6

Internal Auditor will participate in financial and operational audits and assess internal controls to support Sarbanes-Oxley 404 compliance. The Internal Auditor will interact with financial, operational, and IT management as well as associates at all levels.

Duties & Responsibilities 6

Participate in audit planning, fieldwork, and reporting. Prepare audit programs and work papers by Internal Audit standards.
Assess the design and effectiveness of internal controls and compliance with corporate policies and procedures, including assessing the reliability of information used in control performance.
Analyze data sets to perform audit planning, sampling, testing, or evaluating observations.
Assist in identifying audit issues and root causes, recommend improved internal controls and business processes, and ensure that corrective action plans are developed and implemented by management.
Participate in presenting clear and concise observations to Internal Audit and verify observations with operational management.
- Participate in Internal Audit process improvements.
- Review audit work papers and report observations by Internal Audit standards.
- Present clear and concise observations to Internal Audit management and verify observations with operational management.

Requirements & Skills 6

Bachelor's degree in Accounting, Business, or other relevant fields.
Two or more years of related experience, at least two years experience in an audit role.
- Certification preferred, but not required. The goal is to obtain a professional certification (CPA, CIA, and/or CISA) within two years of employment.
- Strong interpersonal skills and ability to work in a diverse team environment.
- Excellent written and oral communication skills.

Job summary 7

We are currently hiring an Internal Auditor for our corporate offices. Reporting to the Internal Audit Manager, you will contribute to audit and business advisory engagements including Sarbanes-Oxley 404 Compliance (SOX) and operational audits. Your routine tasks in this role include documenting and evaluating internal controls and preparing internal-audit reports. Successful candidates will be effective communicators with a strong understanding of financial accounting and data analysis.

Duties & Responsibilities 7

Assist in the development and maintenance of internal-control documentation including flowcharts, narratives, and walkthroughs for SOX Compliance
- Test SOX and other relevant internal controls
- Collaborate with other internal audit team members to support company and team goals
- Assist in operational and compliance audits

Requirements & Skills 7

Job summary 8

We are currently looking for an Internal Auditor to join our Audit team. Position performs internal auditing work to provide management with objective assessments of the Enterprise functions.

Duties & Responsibilities 8

Performs audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting the Enterprise processes and procedures.
Assesses the effectiveness of internal controls over key risks, identifying significant exposures, analyzing transactions and information, and detecting changes in key risks and/or control effectiveness. Develops appropriate recommendations to address exposures.
Conducts interviews, reviews documents, develops and administers surveys, composes summary memos, and prepares working papers.
Identifies, researches, and documents audit issues and recommendations for improvement using independent judgment concerning areas being reviewed.
- Assists in communicating the results of the audit and consulting projects via written reports and oral presentations on a timely basis to management.
- Develops and maintains productive team-oriented internal and external relationships through individual contacts and group meetings.
- Investigate and report to management on cases of potential fraud, waste, or abuse.

Requirements & Skills 8

Bachelor's degree in business administration or a related field and three years experience in internal or external auditing.
- Will accept any suitable combination of education, training, or experience.
- This role requires strong knowledge of GAAP, Internal Audit Code of Ethics, IT Systems, and risk management.
- Strong written and verbal communication skills, as well as the ability to maintain a high level of confidentiality.

Job summary 9

We are in search of an Internal Auditor.

Duties & Responsibilities 9

Perform written walk-throughs/narratives of key accounting operations
Prepare risk assessments of key accounting operations
Assess adequacy of control design
- Identify control gaps
- Perform and document tests of key controls
- Discuss control gaps with management

Requirements & Skills 9

Familiarity with standard accounting operations (reconciliations review, month-end close, key accounting controls, stock, and dividend management, etc.) attained through 2-3 years auditing or working in accounting
- 2-3 years of internal or external audit experience
- Prior experience documenting audit work
- Strong written and verbal communication

Job summary 10

We are seeking an Internal Auditor.

Duties & Responsibilities 10

Requirements & Skills 10

Bachelor's degree in Accounting/Finance, with a GPA of 3.2 or higher
Certified, or working towards, CPA, CIA or CISA
- 2+ years of experience in public accounting and/or internal audit
- Understanding of SOX 404 compliance requirements
- Advanced Excel skills

Frequently asked questions

What are the top five skills required for an internal auditor?

Internal auditors are responsible for evaluating an organization's internal controls, financial reporting processes, and compliance with laws and regulations. To be successful in this role, an internal auditor should have a set of skills, including

Attention to detail: An internal auditor should have strong attention to detail to ensure that all financial transactions and processes are accurately reviewed and analyzed.

Analytical skills: An internal auditor should have strong analytical skills to be able to review and analyze financial data and identify trends and patterns.

Communication skills: An internal auditor should have excellent communication skills to be able to effectively communicate their findings and recommendations to management and other stakeholders.

Problem-solving skills: An internal auditor should have good problem-solving skills to be able to identify and resolve issues that may arise during the audit process.

Knowledge of auditing principles and practices: An internal auditor should have a thorough understanding of auditing principles and practices to be able to accurately and efficiently perform their duties.

What do internal auditors do daily?

Internal auditors are responsible for evaluating an organization's internal controls, financial reporting processes, and compliance with laws and regulations. The specific tasks that an internal auditor may perform daily will depend on the size and scope of the organization and the specific focus of the audit. Some common tasks that an internal auditor may perform daily include:

Reviewing financial transactions and processes: An internal auditor may review financial transactions and processes to ensure that they are accurately recorded and in compliance with laws and regulations.

Analyzing financial data: An internal auditor may analyze financial data to identify trends and patterns and identify potential issues or areas for improvement.

Communicating findings and recommendations: An internal auditor may be responsible for communicating their findings and recommendations to management and other stakeholders.

Developing audit plans: An internal auditor may be responsible for developing audit plans to guide the audit process.

Performing testing and assessments: An internal auditor may be responsible for performing testing and assessments to validate the accuracy and effectiveness of internal controls.

Preparing reports: An internal auditor may be responsible for preparing reports on the results of their audits and the recommendations they have made.

Keeping up to date with industry developments: An internal auditor should stay up to date with industry developments and changes in laws and regulations to ensure that their audits are relevant and accurate.

Olivia Powell
Recruiting expert

Last updated Sep 30

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Internal Auditor Job Description

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Frequently asked questions

What are the top five skills required for an internal auditor?

What do internal auditors do daily?

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