Internal Auditor Job Description Template
The Internal Auditor will be responsible for conducting audits of company financial statements and internal controls. The Internal Auditor will also review compliance with company policies and procedures and make recommendations for improvements. The Internal Auditor will report to the Audit Committee of the Board of Directors.
Internal Auditor Job Responsibilities
- Evaluate the adequacy and effectiveness of internal controls.
- Examine financial and accounting records.
- Investigate fraud or suspected fraudulent activity.
- Prepare reports detailing findings and recommendations for improve internal controls and operations.
- Work with management to develop corrective action plans to address identified deficiencies.
- Monitor implementation of corrective action plans.
- Conduct followup audits to assess the effectiveness of corrective actions taken by management in response to previous audit findings
Objectives
- To ensure that the organization's financial statements are free from material misstatements and errors.
- To evaluate the effectiveness of the organization's internal controls over financial reporting.
- To assess compliance with laws and regulations relevant to the organization's financial activities.
- To identify potential areas of improvement in the organization's financial management processes and systems.
Internal Auditor Job Skills & Qualifications Needed
- The skills and qualifications needed for the role of Internal Auditor vary depending on the specific organization. However, most organizations require Internal Auditors to have at least a bachelor's degree in accounting or a related field. Additionally, many organizations prefer candidates who have experience working in auditing or accounting. Strong analytical and problemsolving skills are also essential for this position.