The Internal Auditor Job Description
This Internal Auditor job description on a resume can help you refine your CV to create a compelling application for recruiters, ensuring your job application showcases your qualifications.
Position: Internal Auditor
Division: Operations
Reports: Managing Director.
Internal Auditor Job Responsibilities
The internal Auditor would be responsible for verifying financial records and preventing/reducing fraud to the bare minimum.
Internal Auditor Duties include:
- Ensure that the organisation’s financial statements, accounts, and other records are accurate and compliant with regulatory frameworks, accounting standards, and regulations, such as GAAP.
- To ensure sound risk management and efficient control systems.
- Liaising with the Audit Committee on internal/systems audits as needed, and more importantly, becoming the eyes of the organisation’s stakeholders.
- Identification of loopholes in the system and reporting remedial actions to the Managing Director
- Reports of the breaches of procedures to forestall reoccurrence, likely risks inherent in such weaknesses to the systems, to management of the organisation, for instance, the managing director
- Periodic checking of the accounting books within the organisation, such as the trial Balance, debtors analysis report, Balance sheet, and profit and loss Accounts, to ascertain accuracy.
- To ensure accuracy, it is essential to periodically reconcile customer sales invoices in the General Ledger and verify that they match the product invoice postings in the sales department. This process involves cross-checking to confirm that all purchases are accurately recorded in the appropriate accounts by the Accounts department. Additionally, store personnel should update bin cards, and the sales accountant in the sales department must ensure proper documentation.
- When an organisation establishes an Audit Committee for systems audit issues, the internal auditor ensures that all staff members follow company policies and procedures.
- Ad hoc duties include ensuring that all Sales Orders for Production (SOPS) are properly authorised and approved by management and verifying that all purchase orders have obtained the necessary authorisation and approval in accordance with company policies and procedures.
- Any other duties assigned by the management.
Key Relationships of an Internal Auditor
- Managing Director
- Finance Director
- ED (Sales/Marketing
- QA/QC Manager
- Technical Manager
- Maintenance Manager
- All Departments.
Key Job Measures:
The key performance measure includes compliance, prevention/reduction of fraud to the barest minimum possible in the company
Required Skills of an Internal Auditor
- Attention to detail.
- Problem-solving.
- Ability to work autonomously.
- Analytical and critical thinking Skills
- Communication skills.
- Data mining and analytics.
- Leadership skill
Salary of an Internal Auditor
This varies across various organisations but is usually between $1500 and $8500, excluding other health insurance policies for the Staff, spouse, and four children, Non-Accidental bonuses, and other benefits.
Educational Requirements
- Bachelor’s degree in Accounting or a related field in Social Sciences..
- A minimum of 5 years of relevant experience is required. job
- Necessary certificates, professional qualifications, and a master’s degree will be advantageous.
Internal Auditor Job Description, Job Descriptions In Nigeria