Internal Auditor Job Description Template
Use this Internal Auditor job description template to advertise the open roles for free using Longlist.io. You can use this template as a starting point, modify the requirements according the needs of your organization or the client you are hiring for.
Job Brief
We are looking for an objective 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. The successful candidate will possess a thorough knowledge of accounting procedures and a sound judgement.
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, analyse 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
Requirements
- 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
What does Internal Auditor do?
An Internal Auditor is responsible for evaluating and strengthening the effectiveness of a company's internal controls and risk management processes. On a day-to-day basis, their tasks may include:
-
Planning audits: Reviewing and understanding the company's operations, identifying key risks and controls, and deciding which areas to audit.
-
Conducting audits: Performing detailed testing and examination of financial statements, accounting records, operational processes, and internal controls. This involves gathering evidence, analyzing data, and documenting findings.
-
Identifying deficiencies: Evaluating the effectiveness and efficiency of internal controls and identifying weaknesses or deficiencies. Assessing the potential impact of these deficiencies on the company's financial statements and operations.
-
Communicating findings: Preparing audit reports and presentations that clearly communicate audit findings and recommendations to senior management. Providing insights and suggestions for improvement.
-
Monitoring remediation actions: Tracking and reviewing management's progress in addressing identified deficiencies or implementing recommended improvements. Ensuring that appropriate action plans are in place and being executed effectively.
-
Keeping up with regulations: Staying informed about changes in laws, regulations, and industry best practices that may impact the company's internal controls. Assisting in updating and enhancing policies and procedures as needed.
-
Collaborating with stakeholders: Building relationships and working closely with various teams and departments within the organization, including finance, operations, and compliance. Providing guidance and support to managers in implementing effective controls and risk management processes.
Overall, the role of an Internal Auditor is to provide independent and objective assessments of an organization's internal controls and help ensure that risks are being managed effectively.