Internal auditing is an activity carried out in the commercial world by companies. It is an activity that is normally primarily concerned with analysing the risks a company faces. However, the remit of an audit can be wider than this. They are defined by being independent and objective, and offer assurances and consultation. Essay service online is the best essay writing.
Internal auditing should not be confused with external auditing. Internal auditing may take into account finance but is not purely a financial task. It is closer to management consultancy in some ways, and professionals work in internal auditor jobs by no means have to have a financial or accounting background. External auditors look at the financial accounts of a business. The scope for internal audits can be a lot wider, for instance looking at risks from things as diverse as reputation management, foreign markets and so on. Internal auditors are usually very bright people who thrive on a challenge. They move between different organisations on different projects, so have to rapidly get to grips with the material facing them. They do follow up work with companies, and seeing their recommendations implemented is often one of the most rewarding parts of the role. Internal auditors come from many different backgrounds. As stated earlier a financial background is not necessary, although being comfortable using numbers is a good skill. They need a logical approach, analytical mind, the ability to identify themes and solve a problem with lateral thinking. Sensitivity to different hierarchies and company cultures is vital, as you’ll be required to ask probing questions. Working as an internal auditor is a great career by itself, but can also lead to roles such as FD jobs and other senior positions. It gives exposure to the whole of the organisational structure, giving even junior auditors access to this information and therefore distilling an understanding of how the company works. If you think it may be a career for you, find out more today!
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