Internal Auditor Job Description

Internal Auditor Job Description

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Internal auditor provides sound recommendations on ways to enhance internal controls in an effort to enhance accuracy and compliance.

Internal Auditor Duties & Responsibilities

To write an effective internal auditor job description, begin by listing detailed duties, responsibilities and expectations. We have included internal auditor job description templates that you can modify and use.

Sample responsibilities for this position include:

Assist in planning audits, develop audit programs, and perform audit field work, including process documentation, control evaluations, and client interviews
Prepare clear and concise audit work papers within prescribed timeframes
Propose or evaluate corrective measures designed to strengthen internal controls, operational policies and procedures, and other weaknesses identified in audits
Plan and organize work, manage multiple tasks, set objectives/goals, and re-prioritize as needed
Document company policies and procedures
Evaluate business processes
Identify and document audit issues and propose resolutions
Assist with Accounts Receivable special projects
Conduct formal audits identified by Internal Audit management across the full spectrum of the audit cycle of planning, fieldwork and reporting
Help all levels of the Bank in identifying an actions required to improve risk based issues / practices that need to be addressed

Internal Auditor Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Internal Auditor

List any licenses or certifications required by the position: CPA, CIA, CISA, CFE, MBA, SOX, AIB, CMA, CISSP

Education for Internal Auditor

Typically a job would require a certain level of education.

Employers hiring for the internal auditor job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Business/Administration, Education, Auditing, Computer Science, Economics, MBA, Graduate

Skills for Internal Auditor

Desired skills for internal auditor include:

Work processes
Ability to create
Ability to leverage that information in creating customized customer solutions
Ability to utilize tools
Business process improvement tools and techniques and ability to understand
Division of a company
Enhance existing business
Evaluate and enhance processes in internal controls
Implement
Monitor

Desired experience for internal auditor includes:

At least 1-3 years of experience in auditing finance, accounting, operational risk in the financial services industy
Experience in asset management industry, preferably at Federal Reserve Board-regulated institutions and knowledge of related regulatory requirements
Experience with asset management front, middle and back office processes (preferred)
Must understand internal auditing theory and techniques, including types of controls and testing procedures related workpaper standards
Auditing or accounting coursework is preferred
Minimum 2-6 years auditing experience is preferred

Internal Auditor Examples

1

Internal Auditor Job Description

Job Description Example
Our innovative and growing company is hiring for an internal auditor. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for internal auditor
  • Communicate with corporate and operational personnel to develop appropriate recommendations for internal control and process enhancements
  • Perform audit procedures to identify, measure and evaluate the effectiveness of financial and operational controls, determine compliance with established policies and procedures, and document and report on the results of the work performed
  • Works closely with the other members of the Internal Audit team, business departments within the organization, co-sourced consultants and with external auditors
  • Support special projects around internal control and process improvements
  • Executes audit plan using standard audit processes and phases to validate quality requirements
  • Communicates reports and results to audit leader
  • Assist in the investigation of potential integrity situations
  • Consult on system and procedural development projects
  • Adhere to the Standards for the Professional Practice of Internal Auditing
  • Performing assigned accounting and operational audit functions in a timely and accurate manner
Qualifications for internal auditor
  • Drives highly complex audits from start to finish, including creating and evaluating audit work programs
  • Oversees timing and schedule for audit planning
  • Leads the full range of complex audits on operating units, corporate departments, and cross-functional processes
  • Provides leadership and guidance to audit team working on assigned audit engagements
  • Develops and drives new, innovative practices that significantly minimize risks or improve compliance with legal/financial reporting requirements
  • Leads the largest, most complex post-audit evaluations and ensures findings are acted upon
2

Internal Auditor Job Description

Job Description Example
Our company is growing rapidly and is hiring for an internal auditor. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for internal auditor
  • Maintain appropriate confidentiality of information available and release only information allowed under departmental policies and procedures
  • Share knowledge with colleagues and peers in the business
  • Be open to learn from others through feedback given to you
  • Be comfortable to challenge others
  • Take into account reputation of at all times, through positive interactions and following policy and process
  • Support citizenship agenda across to contribute positively to the communities we operate in
  • Working with all levels within the firm, collaborate with process owners and leaders to gain understanding of their business
  • Develop process narratives or flows, audit programs, walk throughs, and test procedures for assigned projects
  • Utilize TeamMate and ACL audit management software to work through the audit lifecycle, run reports, create dashboards and document trends
  • Prepare reports on audit findings and make recommendations based on root causes to reduce risk
Qualifications for internal auditor
  • Provides management with input on performance and the development of others
  • Prioritizes and coordinates the work of other auditors
  • Leverages knowledge for issues broader than their area of expertise
  • Possesses knowledge of Corporate and market area business operations
  • Monitors changes within the industry, enterprise, and the auditing profession and incorporates these changes appropriately into their assigned responsibilities
  • Provides representation on enterprise projects and initiatives
3

Internal Auditor Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of internal auditor. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for internal auditor
  • Work with the credit union's management team to prepare an annual internal risk assessment
  • Make recommendations on the systems, processes, policies, and procedures being reviewed
  • Maintain open and effective communication and reporting with both the Supervisory Committee and the credit union's management team
  • Establish and maintain strong, long-term relationships with management
  • Execute the audit program, including SOX testing and other audit reviews
  • Flowchart the process and test the design and operating effectiveness of controls
  • Identify possible root causes for observed control weaknesses in order to contribute to a structural improvement of control frameworks
  • Leading audit team through assignments
  • Reviews policies and procedures to ensure effectiveness and appropriate implementation
  • Works with federal examiners in coordinating periodic examinations
Qualifications for internal auditor
  • Ability to adapt to new concepts and analytical tools
  • Taking part in audits to identify controls which mitigate key business risks and then testing those controls to ensure they are operating effectively
  • Minimum one year auditing or accounting experience required
  • Minimum two years audit experience preferred
  • 2 – 5 years of experience in public accounting and/or internal audit that includes a solid background in corporate audit, generally accepted accounting principles (GAAP), generally accepted auditing standards (GAAS) and automated work papers
  • Must have the observation skills to apply objective skepticism and auditor's judgment to various situations, work independently under general supervision with considerable latitude for initiative and independent judgment and be able to partner effectively with all levels of management and staff
4

Internal Auditor Job Description

Job Description Example
Our growing company is looking to fill the role of internal auditor. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for internal auditor
  • Executing comprehensive audits as the Team Leader and reporting findings to Executive Management
  • Assist external auditors to provide cost savings for performance of the annual financial statement audit review
  • Ensure that financial statements comply with corporate policy
  • Recommend potential areas for future audit efforts and assists the Manager of Internal Audit
  • Attend the audit exit meeting for report draft discussion of findings with management
  • Examine the systems and processes established by the organization to ensure compliance with policies, procedures, laws, and regulations that could have a significant impact on operations and reports and whether the organization is in compliance
  • Assist with drafting detailed reports on audit findings
  • Execute comprehensive audits as team leader and report findings to Executive Management
  • Travel will be extensive and fluctuate between 50 and 90% depending on work requirements
  • Provide assistance in
Qualifications for internal auditor
  • At least 1-3 years of experience in auditing, finance, accounting, or operational risk
  • Supporting Audit Teams executing risk based audit projects
  • Knowledge of corporate policies and procedures that relate to auditing / accounting standards
  • 2-5 years of audit experience out of financial services, public, private or combination
  • Understand internal auditing theory and techniques, including types of controls and testing procedures related workpaper standards
  • On-going communication with business line management to discuss the status of business changes perform follow-up on previously identified audit issues
5

Internal Auditor Job Description

Job Description Example
Our growing company is looking to fill the role of internal auditor. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for internal auditor
  • Liaising with senior management across the group
  • Lead audit projects, including preparation of planning documents, confirmation of risks and controls, development of audit procedures
  • Perform test procedures and document results for SOX, operational, assessments and other compliance audits as assigned
  • Identify, assess and report on risks
  • Perform internal audits and annual SOX testing (business and technology controls)
  • Support Project Lead with planning and coordination
  • Help design testing procedures relevant to risk and test/control objectives
  • Prepare and maintain audit work-papers
  • Identify and document processes, risks, and controls
  • Research and communicate best practices
Qualifications for internal auditor
  • Formulate practical, achievable recommendations for resolving reportable findings and works with process owners to set the appropriate remediation plan for deficiencies identified
  • Identify potential business process improvements and conduct special projects
  • Assist in preparation of internal audit reports communicating findings, recommendations, and resolution of audit issues
  • Ensure audits are performed in accordance with internal auditing standards and departmental policies
  • Performs other related duties as assigned and must be able to lead audits
  • Partners with Accounting and other business partners across the organization for the testing and compliance of regulatory controls

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