Internal Auditor Job Description: Top Duties and Qualifications

An Internal Auditor, or IA, is responsible for keeping their employer accountable regarding internal company procedures and industry rules. Their duties include studying accounting records, preparing compliance reports and supervising company workflows.

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Internal Auditor duties and responsibilities

Internal Auditors use skills in organization and project management to better understand the record-keeping processes of an organization, while also offering recommendations for improvement. Internal Auditors have the following responsibilities:

  • Evaluate financial documents for accuracy and compliance with federal regulations
  • Identify the financial risk of the organization and offer recommendations to reduce risk.
  • Identify accounting and financial record-keeping processes that can be improved
  • Determine ways to cut costs and improve profitability
  • Assess the efficiency and productivity of internal staff and make recommendations for improvement
  • Present findings to upper management in the form of reports and presentations

Internal Auditor Job Description Examples

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Internal Auditor

Csea one of New York State’s largest unions is seeking resumes for an Internal Auditor for our downtown Albany, New York headquarters. The position is under the direct supervision of the Senior Internal Auditor. Responsibilities include but are not limited to: working at the Region/Local/Unit level reviewing financial affairs, completing audits, advising about reporting obligations and acceptable reporting procedures, assisting with preparation of financial reports, assisting in developing uniform budgeting and reporting forms and participating in treasurer training.

Salary is $49,386.

Bachelor’s Degree in Accounting and working knowledge of Microsoft Office. Experience with accounting, auditing, and IRS reporting requirements preferred OR an acceptable combination of education, training or experience as determined by Csea. Candidate must possess a valid New York State driver’s license and have a car available for business use in order to be appointed.

Submit resume to Director of Human Resources, PO Box 7125, Capitol Station, Albany, NY 12224 or email. Please note IA/In on all correspondence.

Equal Opportunity Employer

Job Type: Full-time

Salary: $49,386.00 /year

Experience:

  • accounting, auditing, IRS reporting: 1 year (Preferred)

    Education:

  • Bachelor's (Required)

    Application Question:

  • Working knowledge of Microsoft Multiple locations
    • ×

    Internal Auditor

    Petro Services, Inc. operates numerous Daily’s and Shell convenience stores throughout Florida. This is a full-time position on the store audit team. The role is performed mostly inside company stores across South Florida. Job duties require a substantial amount of physical activity along with entry level accounting knowledge. Will require 8 weeks of paid training in Jacksonville, FL.

    Primary Responsibilities:

  • Drive to and from multiple store locations every day

  • Physically count all store merchandise by category, [website] Cigarettes, Other Tobacco, Beer, Soda, Gifts, Lottery, etc.

  • Reconcile physical count against store book inventory

  • Review store paperwork for errors during the audit

  • Prepare Store Audit report for each location audited

  • Print completed Store Audit Report and have store manager sign office copy

  • Enter audit adjustments by category into PDI reporting software

  • Reconcile cash in each store audited

  • Send electronic copy of all audits to the office (weekly)

  • Complete assignments as part of a team

    Physical Requirements:

  • Lift up to 40 pounds

  • Visually inspect and count merchandise

  • Accurately key in numerical figures using reporting software

  • Bend, stoop, kneel, and/or crouch to count lower shelves and floor-level inventory

  • Lift, reach, and climb to count merchandise on high shelves, cooler doors, storage rooms, etc.

  • Drive independently to various locations

    Basic Qualifications & Skills:

  • 18+ years of age

  • Valid U.S driver license & reliable transportation

  • High school diploma required; professional experience/post-secondary education in Accounting or related field preferred

  • 10-key experience

  • Moderate computer proficiency & functional knowledge of Microsoft Office Suite

  • Available for work at 5:30 am Monday through Friday

  • Exceptional written and verbal communication in English

  • Comfortable handling all inventoried items including alcohol, tobacco, and lottery tickets

  • Advanced interpersonal skills and aptitude for teamwork

  • Pass a pre-employment drug screen & background check

    Additional Compensation:

  • Company gas card & car allowance

  • Bonus opportunities

    Benefits:

  • Medical, Dental, & Vision Insurance

  • Life Insurance (no cost to employee)

  • Paid Vacation & Holidays

  • Retirement Savings Plan with Company Contribution

  • Tuition Reimbursement Program

  • Career Advancement Opportunities

    This is a drug-free workplace.

    Job Type: Full-time

    Salary: $38,000.00 to $43,000.00 /year

    Work authorization:

  • United States (Required)

    Additional Compensation:

  • Bonuses

    Work Location:

  • Multiple locations

    Benefits:

  • None

    This Job Is:

  • A job for which military experienced candidates are encouraged to apply

  • A good fit for applicants with gaps in their resume, or who have been out of the workforce for the past 6 months or more

  • Open to applicants who do not have a college diploma

    Schedule:

  • Monday to Friday

    Company's

    • ×

    Internal Auditor

    Job Summary:

  • This position will be responsible for conducting internal process audits across all three of our facilities as well as some vendor onsite audits as needed. We are a highly regulated company and are in search of someone who has experience in conducting the necessary audits to ensure we are compliant to our internal procedures, regulatory and governmental requirements. The selected individual will work closely with multiple business divisions to review and audit their processes and make recommendations for process management/improvement.

    Duties & Responsibilities:

  • Collect, review and analyze data related to the company’s systems and functions

  • Evaluate compliance of assessed systems

  • Determine whether a system of function is operating according to organizational and industry procedures and guidelines

  • Identify discrepancies, risks, and other problems, reporting findings to upper management; recommend appropriate corrective measures

  • Promote and education leaders on the benefits of adopted control measures; encourage stakeholders and other responsible parties to adopt changes necessary to correct problems and noncompliance

  • Perform audits according to the established work plan and calendar

  • Assist department with development of corrective action plans (CAPs), and ensures CAPs are implemented and successful by performing follow up audits

  • Identify and assess areas of significant business risk

  • Document audit tests performed

  • Evaluate the adequacy and effectiveness of internal controls

  • Communicate audit findings on a timely basis

  • Identify weaknesses in internal controls and/or process improvement opportunities

  • Communicate with the Chief Compliance and Privacy Officer when difficulties arise in completing the work within the assigned timeframe

  • Assemble draft audit reports, ensuring that all review notes have been addressed, and determining those findings deemed reportable to be included in the report or other findings to be handled verbally in the closing meeting

  • Identify any deficiencies within the auditing process and meet with appropriate staff to resolve such deficiencies

  • Review internal controls, policies and procedures for effectiveness

    Qualifications & Requirements:

  • Experience with working with a regulatory certification [website] ISO, Hitrust, etc.)

  • Ability to travel up to 75% of the time

  • At least 1 year of experience performing audits such as business process, compliance and internal audits

  • Strong and accurate attention to detail, problem resolving skills with the ability to multi-task, and a strong work ethic.

  • Must be proficient in Microsoft Office Word, Power Point and Excel.

  • Demonstrate leadership skills when confronted with difficult situations exhibiting ability to stay focused and motivated

  • Ability to drive successful partnerships with internal teams to execute initiatives

    Job Type: Full-time

    Salary: $24.00 to $31.00 /hour

    Experience:

  • Process Auditing: 1 year (Required)

    Work authorization:

  • United States (Required)

    Benefits:

  • Health insurance

  • Dental insurance

  • Vision insurance

  • Retirement plan

  • Paid time off

    Schedule:

  • Monday to No

    • What does an Internal Auditor do?

    Internal Auditors work independently of any single department at a company to act as an impartial judge of company behaviors. Their main role is to provide risk management support and to optimize efficiency by identifying possible noncompliance or sources of waste. They tend to work most closely with accounting materials, but may also audit other aspects of a business such as operational efficiency, employee review processes, information technology systems and legal liability. Internal Auditors study company policies then compare the written rules to actual business activities. They recommend ways to improve procedures or align them more closely with company goals.

    Internal Auditor skills and qualifications

    Internal Auditors typically have certain skills that will make them successful in their role, including:

    • Strong communication skills to work with Accountants and other coworkers
    • Excellent attention to detail to review large amounts of data and numbers
    • Exceptional mathematical skills to verify entries
    • Good critical-thinking skills to gather all of the available data and make informed decisions
    • Excellent research skills to find all related information needed
    • Proficiency in accounting software and spreadsheets

    Internal Auditor salary expectations

    The average salary for an Internal Auditor is $86,837 per year. Some Internal Auditor salaries may vary depending on geographical location, level of experience and the industry.

    Internal Auditor education and training requirements

    A minimum of a bachelor’s degree in accounting or a related field is often required to work as an Internal Auditor. Some hiring managers may prefer candidates with a master’s degree in accounting. Some Internal Auditors may also come from other industries like bookkeeping or business administration. Many accounting students will receive industry training through internships during their education. In addition to a degree, Internal Auditors often earn a Certified Public Accountant credential.

    Internal Auditor experience requirements

    Previous experience, either in an internship or entry-level position, is often required to work as an Internal Auditor. Some hiring managers may choose to hire candidates with minimal experience whereas others prefer to hire an Internal Auditor who has years of experience in the industry. Additionally, some hiring managers may prefer Internal Auditors who have industry-specific experience. Experience in accounting, business administration or finance can also be useful for Internal Auditors.

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    Frequently asked questions about Internal Auditors

     

    What is the difference between an Internal Auditor and an Accountant?

    Internal Auditors and Accountants both work with financial data, but they serve distinct roles within a company. Accountants keep track of a company’s day-to-day financial transactions and help build systems to handle future budgeting needs. Internal Auditors review the accuracy of these transactions and make sure that existing and new procedures operate in the best interest of the company and its clients. Where Accountants are an active part of internal operations, Internal Auditors provide an external perspective on the impact of accounting behaviors. Accountants collaborate with Internal Auditors to provide them with access to relevant company records.

     

    What are the daily duties of an Internal Auditor?

    Internal Auditors start a project by creating checklists that describe the structures they will assess, allowing them to outline their expectations and compare them to actual occurrences within the company. They review financial statements, investment reports, employee feedback, inventory volumes and other data that gives them an idea of how a department accomplishes assignments. Internal Auditors attend meetings with clients and internal staff. They give reports and may serve a role in training new staff to ensure they understand how to stay compliant with legal rules and best practices.

     

    What are the characteristics of a good Internal Auditor?

    Good Internal Auditors have excellent judgment and work ethic, which allow them to identify potential risks or business violations. They are committed to ongoing learning and professional development so they can keep up with evolving industry guidelines and SEC regulations. Internal Auditors stay highly organized at all times and clearly communicate with others about how they can improve their department. Because many departments perform regular year-end audits, Internal Auditors are great at working under pressure and tracking simultaneous deadlines so that their clients can finalize business reports according to schedule.

     

    Who does an Internal Auditor report to?

    Internal Auditors have a different hierarchy than other employees because their responsibilities aren’t directly governed by their employer. Depending on the structure of the company, an Internal Auditor can report directly to the Chief Financial Officer, the Board of Directors or an external audit committee that their employer formed to limit bias. Some Internal Auditors working on large projects will report to an Internal Audit Supervisor who acts as an intermediary with senior management. Internal Auditors often report to multiple bodies in the event that they discover noncompliance or unethical information about company leadership practices.

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