Internal Auditor Job Description Template

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Internal Auditor Job Description Template

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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:

  1. Planning audits: Reviewing and understanding the company's operations, identifying key risks and controls, and deciding which areas to audit.

  2. 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.

  3. 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.

  4. Communicating findings: Preparing audit reports and presentations that clearly communicate audit findings and recommendations to senior management. Providing insights and suggestions for improvement.

  5. 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.

  6. 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.

  7. 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.

Internal Auditor Job Description Examples

Senior Internal Auditor• MGM Resorts

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PRIMARY PURPOSE...

Performs an advanced level of internal audit building on experience developed as an internal auditor. May provide guidance to staff auditors during all phases of audits. Participates in the planning and...

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Sr Internal Auditor Ii - Global Internal Audit• Liberty Mutual Insurance

This position plays a significant role in assisting Senior Executives with risk management, achievement of strategic objectives and fulfilling the Company`s promise to its policyholders. As a trusted advisor, the Senior Internal Auditor II builds and cultivates effective business relationships while providing independent value-added audit and advisory services. The Senior Internal Auditor II......

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Internal Auditor• Ensemble Health Partners

Thank you for considering a career at Ensemble Health Partners!

Ensemble Health Partners is a leading provider of technology-enabled revenue cycle management solutions for health systems, including hospitals and affiliated physician groups. They offer end-to-end revenue cycle solutions as well as a comprehensive suite of point solutions to clients across the country...

Ensemble keeps communit...

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(Usa) Senior Auditor, Us Audit, Internal Audit - Finance• Walmart

Position Summary...

What you'll do...

Walmart Global Audit - as a trusted and valued business partner – is committed to protecting the company, while remaining independent and objective in our approach and frame of mind. Working collaboratively, our professionals identify, anticipate, and prioritize risks, determine whether those risks are adequately mitigated, and act as remediation stewards...

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