Director of Internal Audit Job Description [Updated for 2025]

In today’s corporate world, the role of the Director of Internal Audit has never been more critical.

As businesses evolve, the demand for skilled professionals who can efficiently navigate, enhance, and safeguard a company’s internal controls and risk management systems grows stronger.

But let’s delve deeper: What’s truly expected from a Director of Internal Audit?

Whether you are:

• A job seeker looking to grasp the core of this role,
• A hiring manager outlining the perfect candidate,
• Or merely fascinated by the intricate world of internal auditing,

You’re in the right place.

Today, we present a versatile Director of Internal Audit job description template, tailored for easy posting on job boards or career sites.

Let’s dive right into it.

Director of Internal Audit Duties and Responsibilities

The Director of Internal Audit is responsible for supervising and managing the internal audit department.

They lead a team to ensure the organization is in compliance with legal regulations, internal policies, and industry best practices.

Their duties and responsibilities include:

• Developing and implementing audit plans to evaluate the effectiveness of internal controls
• Reviewing and assessing the organization’s risk management processes
• Identifying areas of potential financial and operational risk within the organization
• Preparing and presenting audit findings to senior management and the board of directors
• Providing recommendations to improve the organization’s internal controls and risk management strategies
• Leading and managing the internal audit team to ensure the completion of audit plans
• Working closely with external auditors to facilitate audits and their outcomes
• Staying updated with latest auditing techniques, regulations, and industry standards
• Ensuring compliance with laws, regulations, and company policies
• Conducting follow-up audits to monitor management’s interventions and actions

 

Director of Internal Audit Job Description Template

Job Brief

We are seeking an experienced Director of Internal Audit to oversee our auditing department.

In this role, you will be responsible for ensuring the company’s financial and operational procedures are in compliance with legal regulations and internal policies.

The Director of Internal Audit responsibilities include planning and implementing audits, reporting on audit findings and making recommendations to senior management to improve internal controls and governance processes.

Our ideal candidate has a sharp business mind with a proven ability to strategize and implement high-level audit programs.

 

Responsibilities

• Develop and implement internal auditing policies, procedures, and program
• Review financial and operational procedures for compliance with company policies and applicable laws
• Conduct risk assessments and identify control weaknesses
• Investigate any irregularities and errors
• Prepare audit findings, write audit reports, and present to management
• Advise management on risk management and internal control improvements
• Coordinate with external auditors as needed
• Oversee the development and training of the internal audit team
• Ensure ongoing compliance with all regulatory requirements

 

Qualifications

• Proven work experience as a Director of Internal Audit or similar role
• Strong understanding of auditing and control practices
• Knowledge of legal and financial systems
• Strong ability to analyze and diagnose complex business and financial issues
• Excellent written and oral communication skills
• Ability to handle sensitive information while maintaining a high degree of confidentiality
• BSc degree in Accounting, Finance or relevant field; MSc/MBA is a plus
• Professional certification (e.g., CPA, CIA, CISA)

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Director of Internal Audit
• Work Environment: Office setting with potential for remote work. Travel may be required for audits or meetings.
• Reporting Structure: Reports to the Chief Financial Officer or Chief Executive Officer.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $150,000 minimum to $250,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Director of Internal Audit Do?

A Director of Internal Audit holds a key position in a corporation or public sector organization.

Their primary role is to provide independent assurance on the effectiveness of an organization’s risk management, governance, and internal control processes.

Their work involves planning and conducting financial, operational, and compliance audits to evaluate the effectiveness of internal controls.

They develop audit plans, manage audit staff, and oversee the execution of internal audits.

Directors of Internal Audit also analyze and report on audit findings to the organization’s management and board of directors.

They provide recommendations for improving procedures, systems, and controls based on their assessment of the organization’s operations and financial systems.

They act as a liaison between the organization’s external auditors and management, and they may also be responsible for coordinating regulatory compliance activities.

The Director of Internal Audit also plays a significant role in risk management.

They identify potential risks to the organization and ensure that appropriate measures are in place to mitigate these risks.

In addition, the Director of Internal Audit may be involved in special investigations, fraud examinations, and other ad hoc projects as requested by the organization’s senior management or board of directors.

 

Director of Internal Audit Qualifications and Skills

The role of a Director of Internal Audit requires a blend of technical expertise, leadership abilities, and strategic thinking.

Key qualifications and skills include:

• Advanced understanding of audit methodologies, risk management strategies, and internal control structures.
• Strong analytical skills for assessing financial data, identifying irregularities, and recognizing patterns that may indicate fraud or non-compliance.
• Exceptional leadership skills to manage and develop a team of auditors, promote a culture of ethical conduct, and maintain a high standard of performance.
• Effective communication and interpersonal skills to present findings to stakeholders, explain complex audit concepts, and liaise with external auditors and regulators.
• Strategic thinking abilities to develop and implement audit plans that align with the organization’s goals and risk appetite.
• Highly organized and detail-oriented, with the ability to manage multiple audits and projects concurrently.
• Strong ethical standards and integrity, necessary for the impartial execution of audits and the handling of confidential information.
• Proficiency with audit software and other financial systems to facilitate audit processes and reporting.
• Relevant certifications such as Certified Internal Auditor (CIA) or Certified Public Accountant (CPA), and a background in finance, accounting, or a related field.

 

Director of Internal Audit Experience Requirements

Individuals aspiring to become a Director of Internal Audit generally need a considerable amount of experience in the field of auditing, often spanning over 10 years.

This experience is usually accrued through roles in auditing, accounting, or finance.

Entry-level candidates may start in roles such as Internal Auditor, Financial Analyst, or Audit Assistant, where they gain crucial foundational knowledge in the field and practical experience in performing audits and compliance checks.

After approximately 3 to 5 years, they may progress to roles like Senior Auditor or Audit Manager.

These roles require an advanced understanding of audit principles, as well as the ability to oversee and direct audit projects and teams.

Candidates aspiring to become a Director of Internal Audit typically need at least 7 to 10 years of experience in the field.

This should include experience in a managerial or leadership role, as the Director of Internal Audit is responsible for planning, organizing, and managing the overall operations of the internal audit department.

In addition, certain specialized areas such as information systems audits or risk management may require specific experience or certifications.

As the role often involves strategic planning and decision-making, experience in these areas can also be beneficial.

 

Director of Internal Audit Education and Training Requirements

The Director of Internal Audit typically holds a bachelor’s degree in a field such as accounting, finance, or business administration.

They need to have an extensive understanding of accounting principles, business practices, and corporate governance.

Familiarity with risk assessment, financial reporting, and data analysis is also crucial.

Most organizations prefer candidates with a master’s degree in accounting, finance, or a related field.

An MBA with a focus on accounting or finance can be particularly beneficial.

Certification as a Certified Public Accountant (CPA), Certified Internal Auditor (CIA) or Certified Information Systems Auditor (CISA) is usually required for this position.

These certifications demonstrate a commitment to the profession and an in-depth understanding of internal auditing standards and practices.

In addition to formal education and certification, directors of internal audit should have several years of experience in auditing, accounting, or finance.

Those aiming for this position often work their way up from roles such as internal auditor or audit manager.

Continued professional development is important as it keeps the director abreast with changes in laws and regulations, new auditing techniques, and advancements in technology.

This may be achieved through seminars, workshops, or additional coursework.

 

Director of Internal Audit Salary Expectations

A Director of Internal Audit can expect to earn an average salary of $133,425 (USD) per year.

The actual salary can differ based on various factors including level of experience, relevant qualifications, and the industry of employment.

The geographical location also plays a significant role in determining the pay scale.

 

Director of Internal Audit Job Description FAQs

What skills does a Director of Internal Audit need?

A Director of Internal Audit should possess strong analytical skills to understand and interpret financial data, excellent communication skills to clearly convey audit findings, and superb leadership skills to manage a team of auditors.

They should also have a deep understanding of auditing standards, regulations, and financial reporting, combined with strong problem-solving skills to identify and rectify discrepancies.

 

Does a Director of Internal Audit need a degree?

Yes, a Director of Internal Audit typically requires a bachelor’s degree in accounting, finance, or a related field.

Many companies prefer candidates with a master’s degree or professional certifications such as Certified Internal Auditor (CIA) or Certified Public Accountant (CPA).

Extensive experience in internal auditing is also required, usually a minimum of seven years.

 

What should you look for in a Director of Internal Audit’s resume?

The resume of a Director of Internal Audit should demonstrate a strong background in auditing or financial management.

Look for professional certifications and degrees related to finance or accounting.

Evidence of leadership skills and the ability to manage a team is also essential.

Experience in risk management, regulatory compliance, and financial reporting should be clearly demonstrated.

 

What qualities make a good Director of Internal Audit?

A good Director of Internal Audit is detail-oriented, able to spot discrepancies in financial reports, and possesses a high degree of integrity to ensure the unbiased examination and reporting of financial records.

They are excellent communicators, capable of delivering complex information clearly to both finance professionals and those without a financial background.

Good directors are also strong leaders who can guide and motivate their teams effectively.

 

Is it difficult to hire a Director of Internal Audit?

Hiring a Director of Internal Audit can be challenging due to the high level of expertise and experience required for this role.

The candidate needs to have a deep understanding of financial regulations, auditing principles, and risk management, along with proven leadership skills.

As such, finding the right fit can take time and careful consideration.

 

Conclusion

So, there you have it.

Today, we’ve unraveled the complexities and responsibilities inherent in the role of a Director of Internal Audit.

Guess what?

It’s not just about crunching numbers.

It’s about shaping the fiscal stability of a company, one audit report at a time.

With our reliable Director of Internal Audit job description template and real-world examples, you’re ready to embark on your new journey.

But why halt your progress?

Go further with our job description generator. It’s your subsequent step towards creating accurate job listings or polishing your resume to perfection.

Bear in mind:

Every audit report contributes to the overall integrity of an organization.

Let’s shape that financial stability. Together.

How to Become a Director of Internal Audit (Complete Guide)

Beyond 9-5: Exciting Careers That Pay More Than You’d Expect

Rethink Your 9-to-5: Remote Jobs That Can Pay You More!

Weather-Proof Work: Careers That Endure Economic Storms

Goodbye Stress, Hello Success: Jobs That Promise a Calm Workspace