Internal Audit Jobs
Internal audit jobs are often seen as a natural progression for newly qualified ACAs. The blend of investigative work, analysis and report writing provides a fantastic insight into the financial, commercial and operational aspects of a business or division. Once perceived as a 'corporate policeman' the internal audit role is now considered a business advisory one and is vital to an organisation in improving its business performance.
Opportunities for specialising in internal audit are widely available within medium to large organisations across the banking and financial services sectors. Projects will vary greatly but a newly qualified accountant will generally be required to carry out in-depth investigations of the business in order to form an opinion on business processes & controls and performance assessment. A newly qualified accountant in an internal audit job will be expected to make recommendations for improvements and add value where appropriate.
What do I need to succeed in an internal audit job?
- Newly qualified accountants will require a high degree of judgement and an in-depth understanding of the company and its industry.
- Internal audit jobs require newly qualified accountants with a strategic and methodical mind and the ability to develop strong internal relationships whilst liaising with all departments throughout the organisation.
- Internal audit jobs within financial services will almost always require individuals to come from an audit background with relevant financial services experience.
- Jobs in internal audit require candidates with the ability and confidence to deal with senior management on a regular basis
What career path will an internal audit job offer?
Internal audit jobs offer the scope for progression into product control, financial control or operational risk based roles or diversification into risk management. Generally, the in depth business exposure that a newly qualified accountant will benefit from increases progression and promotion prospects into other areas of the business.
Newly qualified accountants eager to work in financial services can experience excellent career progression within internal audit.