Internal Auditor
What's it like to be an Internal Auditor?
Internal Auditors are in charge of keeping all records within a company in order to analyse them and recommend improvements. They assist a company with risk management, budgets, and alignment with industry and government standards. Internal Auditors are responsible for keeping their employers up to date on important matters that they should address, as well as oversee any discrepancies. They typically report directly to management, and work in the accounting department of most corporations.
Tasks and duties
- Performing audits on a company’s operations to assess risk management and adherence to protocol.
- Collating data from accounting documents for evaluation.
- Creating data-driven audit plans based on internal audit scope.
- Reporting findings to management using presentations.
- Optimising company budget and security protocols.
How to become an Internal Auditor
Internal Auditors usually have a background in accounting. Aspiring Internal Auditors usually start off as Associate Auditors first before they transition to Senior Auditor roles. Most companies prefer job seekers who are members of the Institute of Singapore Chartered Accountants and registered Public Accountants under the Accounting and Corporate Regulatory Authority.
Graduate with a bachelor degree in accounting, finance, business management or another related field.
Complete an internship in the accounting department of a recognised company.
Gain three years of experience as a Junior Accountant or Auditor.
Complete the Chartered Accountant Foundation and Professional Programme under the Institute of Singapore Chartered Accountants (ISCA).
Register as a public accountant under the Accounting and Corporate Regulatory Authority (ACRA) in order to be qualified to issue financial statements.
Progress to higher roles such as Senior Internal Auditor or Audit Manager.
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