Internal Auditor Job Description [Updated for 2025]

In the era of regulatory compliance and risk management, the role of internal auditors has become increasingly significant.

With the evolving complexity of business operations and processes, there is a growing demand for proficient professionals who can examine, enhance, and safeguard our internal control systems.

But let’s delve deeper: What’s truly expected from an internal auditor?

Whether you are:

• A job seeker trying to understand the core of this role,
• A hiring manager outlining the ideal candidate,
• Or simply intrigued by the inner workings of internal auditing,

You’ve come to the right place.

Today, we present a customizable internal auditor job description template, designed for easy posting on job boards or career sites.

Let’s dive right into it.

Internal Auditor Duties and Responsibilities

Internal Auditors play a key role in ensuring that a company’s operations and processes comply with regulations and standards.

They perform a comprehensive review of an organization’s processes, systems, and operations to detect any potential risk areas.

Their primary responsibilities and duties include:

• Plan and execute internal audits according to the audit plan
• Analyze and assess the effectiveness of controls, risk management, and governance processes within the organization
• Prepare and present reports that accurately reflect audit results and document the proposed process
• Identify and assess areas of significant business risk and propose improvements
• Interpret and analyze data to identify potential audit issues
• Provide recommendations and guidance on how to address control weaknesses and process inefficiencies
• Follow-up on the progress of management’s improvement actions
• Maintain open communication with management and audit committee
• Ensure compliance with financial regulations and controls by executing thorough audits
• Develop and implement effective risk management strategies

 

Internal Auditor Job Description Template

Job Brief

We are looking for a detail-oriented Internal Auditor to add value and improve our operations by bringing a systematic and disciplined approach to the effectiveness of risk management, control, and governance processes.

Internal Auditor responsibilities include performing the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations.

Our ideal candidates are familiar with accounting procedures and have a keen eye for detail.

Ultimately, you will provide us with risk analysis and evaluate the efficacy of management systems.

 

Responsibilities

• Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations
• Determine internal audit scope and develop annual plans
• Obtain, analyze and evaluate accounting documentation, previous reports, data, flowcharts etc.
• Prepare and present reports that reflect audit’s results and document process
• Act as an objective source of independent advice to ensure validity, legality and goal achievement
• Identify loopholes and recommend risk aversion measures and cost savings
• Maintain open communication with management and audit committee
• Document process and prepare audit findings memorandum
• Conduct follow up audits to monitor management’s interventions
• Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards

 

Qualifications

• Proven working experience as Internal Auditor or Senior Auditor
• Advanced computer skills on MS Office, accounting software and databases
• Ability to manipulate large amounts of data and to compile detailed reports
• Proven knowledge of auditing standards and procedures, laws, rules and regulations
• High attention to detail and excellent analytical skills
• Sound independent judgement
• BS degree in Accounting or Finance

 

Benefits

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

 

Additional Information

• Job Title: Internal Auditor
• Work Environment: Predominantly office setting with occasional travel required for client visits. The possibility of remote work is open for discussion.
• Reporting Structure: Reports to the Internal Audit Manager or Director of Internal Audit.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $65,000 minimum to $130,000 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 an Internal Auditor Do?

Internal Auditors are essential members of an organization’s team who provide an independent assurance that an organization’s risk management, governance, and internal control processes are operating effectively.

They conduct regular reviews of financial and information systems, management procedures, and internal controls to verify their efficiency and effectiveness.

Internal Auditors analyze and evaluate the accuracy of accounting systems and procedures, assess the risk of fraud or wastage in the organization, and verify that the organization’s policies comply with the legal framework.

They often prepare and present reports that reflect audit results and document the process, along with developing and implementing new audit processes to prevent fraud and reduce waste.

Internal Auditors interact with all levels of management and staff within the organization and sometimes work with external stakeholders if necessary.

They are independent professionals who provide an unbiased perspective to ensure that the organization operates in the best interest of its stakeholders.

Their role is crucial in identifying areas of potential risk and providing recommendations for improvement.

 

Internal Auditor Qualifications and Skills

An adept Internal Auditor should possess a range of skills and qualifications that align with the job requirements, including:

• Strong analytical skills to examine financial records and identify patterns, trends, or discrepancies.
• Outstanding attention to detail to ensure accurate, thorough, and compliant audits.
• Exceptional communication skills to report findings, provide recommendations, and discuss complex financial matters with various stakeholders.
• Advanced knowledge of auditing and accounting principles and standards, as well as relevant laws and regulations.
• Proficiency in using audit software and other financial systems to conduct audits and analyze data.
• Good understanding of risk management practices to assess potential risks and vulnerabilities in an organization’s financial and operational processes.
• Problem-solving abilities to identify issues and determine effective solutions or improvements.
• Integrity and professionalism, as they will handle sensitive and confidential information.
• A bachelor’s degree in accounting, finance, or a related field, and professional certifications such as Certified Internal Auditor (CIA) or Certified Public Accountant (CPA).

 

Internal Auditor Experience Requirements

For entry-level Internal Auditor roles, candidates typically need 1 to 2 years of experience, often gained through internships, part-time roles or even full-time roles in finance or accounting.

Familiarity with auditing principles, risk assessment, and financial regulations are often key areas of experience.

Mid-level Internal Auditor candidates usually have around 3 to 5 years of experience in auditing or related fields.

These professionals should have developed a deep understanding of internal auditing standards, corporate governance procedures, and risk management.

They might also have experience with specific auditing software or tools.

Candidates for senior roles, such as Lead Internal Auditor, should ideally have more than 5 years of auditing experience, with a portion of that in a leadership role.

They are expected to have extensive knowledge of auditing practices, regulatory compliance, and industry-specific financial practices.

Additionally, they often have experience with strategic planning, staff supervision, and project management.

Their experience should demonstrate a strong capacity for decision-making, problem-solving, and communicating complex financial information effectively.

 

Internal Auditor Education and Training Requirements

Internal Auditors typically require a bachelor’s degree in accounting, finance, or a related field.

They need a strong foundation in accounting principles, financial analysis, and business management.

Additionally, a good understanding of regulatory compliance, risk management, and corporate governance is beneficial.

Some positions, particularly those involving specialized sectors such as banking or healthcare, may require Internal Auditors with a master’s degree in business administration or finance.

In addition to academic qualifications, industry-specific certifications can significantly enhance an internal auditor’s professional standing.

The most recognized certification is the Certified Internal Auditor (CIA) certification, administered by the Institute of Internal Auditors.

Obtaining a Certified Public Accountant (CPA) certification can also provide an advantage.

This requires passing a rigorous exam and meeting additional state-specific requirements.

Moreover, staying updated with the latest auditing and financial reporting standards, as well as regulatory changes, is crucial in this role.

This can be achieved by attending workshops, seminars, and continuing education programs.

Having a master’s degree and/or certification not only improves job prospects but also demonstrates a candidate’s commitment to professional development and ethical conduct.

 

Internal Auditor Salary Expectations

An Internal Auditor earns an average of $69,263 (USD) per year.

The actual salary may differ based on the level of experience, the size of the company, and the location where the job is based.

 

Internal Auditor Job Description FAQs

What skills does an internal auditor need?

Internal auditors need strong analytical skills to accurately evaluate a company’s financial documents and detect inconsistencies or signs of fraud.

They should also have a keen attention to detail to ensure they don’t overlook any potential issues.

Interpersonal and communication skills are vital, as they often have to present their findings to managers and executives.

Finally, an understanding of accounting principles and auditing standards is crucial.

 

Do internal auditors need a degree?

Yes, most internal auditor positions require at least a bachelor’s degree in accounting, finance, or a related field.

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

 

What should you look for in an internal auditor resume?

Look for a strong background in accounting or finance, including a relevant degree and certifications.

Evidence of previous auditing experience is also important.

Other qualities to look out for include strong analytical skills, an understanding of regulatory standards and laws, and excellent report-writing skills.

 

What qualities make a good internal auditor?

A good internal auditor has a strong understanding of financial regulations and is up-to-date with the latest auditing standards.

They have excellent problem-solving skills to detect and rectify financial inaccuracies.

They are also ethical, maintaining the highest level of integrity in their work.

Good internal auditors are also strong communicators, able to present their findings to management in a clear, concise manner.

 

Is it difficult to hire internal auditors?

Depending on the size and complexity of the organization, hiring internal auditors can be quite challenging.

The role requires specialized knowledge and skills, and there is often a high demand for experienced auditors.

Employers often need to offer competitive salaries and benefits to attract top talent.

 

Conclusion

So, there you have it.

Today, we delved into the intricate world of internal auditing.

And guess what?

It’s not just about crunching numbers.

It’s about safeguarding financial integrity, one audit at a time.

With our comprehensive internal auditor job description template and real-world examples, you’re ready to make your mark.

But why limit yourself?

Explore further with our job description generator. It’s your key to creating razor-sharp job postings or perfecting your resume to a T.

Remember:

Every audit is a piece of a much larger financial puzzle.

Let’s piece it together. Hand in hand.

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