everything you need to know about being an internal auditor
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As an internal auditor, you identify and prevent financial irregularities in your organization through your expertise in accounting and finance. You design and implement strategies to improve accounting practices, operations, regulatory compliance, and financial controls, and guide decisions made by senior management.
You are your company’s expert in legislation and current best practices. You provide recommendations that protect your company’s assets, advise management on how to prevent fraud, and avoid non-compliance. You conduct thorough reviews and report on how to strengthen your organization and manage risks that could leave it vulnerable.
Internal auditors' main role is to safeguard the stability of their organization. You oversee proper accounting practices and reporting, preventing errors or fraud, develop public trust, and foster investor confidence. Large corporations learned a hard lesson from financial reporting scandals, such as Enron in the late 1990s. As a result, qualified internal auditors are in demand and essential to business success.