Internal Auditor Profile
Key Achievements:
- Conducted internal audits that improved operational efficiency, reducing process bottlenecks by 25%.
- Identified £100,000 in cost savings and recoverable losses through control testing.
- Developed audit checklists and standardised procedures, saving 10+ hours per week in audit preparation.
- Strengthened internal controls and compliance, reducing risk exposure by 20%.
- Assisted management in implementing recommendations, enhancing financial reporting accuracy.
- Duties & Responsibilities:
- Plan and perform internal audits of financial, operational, and compliance processes.
- Evaluate the effectiveness of internal controls and risk management procedures.
- Conduct testing and verification of accounting records, transactions, and supporting documentation.
- Prepare audit working papers, schedules, and reports for senior management review.
- Identify areas for process improvement and operational efficiency.
- Ensure compliance with corporate policies, procedures, and statutory regulations.
- Liaise with management and operational teams to obtain documentation and clarify issues.
- Monitor implementation of audit recommendations and action plans.
- Assist in risk assessments and internal audit planning.
- Provide guidance to business units on internal control and compliance matters.
- Support month-end and year-end processes by reviewing reconciliations and financial statements.
- Participate in audits of special projects, IT systems, and corporate initiatives.
- Maintain confidentiality, professionalism, and integrity in all audit activities.
- Prepare ad-hoc analysis and reports for senior management.
- Collaborate with external auditors during statutory audits by providing documentation and support.
- Ensure audits are conducted in accordance with internal audit standards and best practices.
- Train and mentor junior internal audit staff as required.
- Conduct follow-up audits to assess the effectiveness of previously implemented recommendations.
- Participate in continuous improvement initiatives for internal audit methodology and processes.
- Stay up-to-date with regulatory changes, industry standards, and best practices in internal auditing.
What does an Internal Auditor do?
An Internal Auditor independently reviews an organisation's processes, financial controls and operational procedures to identify risks and recommend improvements. Their work helps businesses strengthen governance, reduce risk and improve efficiency.
What qualifications do you need to become an Internal Auditor?
Employers generally look for qualifications in accounting, finance or business, alongside professional certifications such as ACA, ACCA, CIA or CIMA. Previous experience in audit, finance or compliance is often beneficial.
What skills are important for an Internal Auditor?
Internal Auditors require strong analytical skills, attention to detail and excellent communication. They must be able to evaluate complex business processes, prepare detailed reports and build relationships with stakeholders across an organisation.
Why is internal audit important?
Internal audit provides independent assurance that an organisation's controls, governance and risk management processes are operating effectively. This helps businesses protect assets, improve compliance and identify opportunities for operational improvement.
What career progression is available for an Internal Auditor?
Internal Auditors often progress into Senior Internal Auditor, Internal Audit Manager, Head of Internal Audit, Risk Manager or broader leadership positions within finance, governance and compliance.