What is Internal Audit?
Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps organizations accomplish objectives by bringing a systematic approach to evaluating risk and control processes.
Core Skills Needed
- Attention to detail
- Analytical thinking
- Strong communication
- Knowledge of control frameworks like COSO
- Proficiency in audit tools and Excel
Certifications That Help
- CIA (Certified Internal Auditor)
- CPA (Certified Public Accountant)
- CISA (Certified Information Systems Auditor)
These certifications can significantly enhance credibility and job prospects.
Typical Career Progression
- Entry-level: Internal Audit Associate or Junior Auditor
- Mid-level: Senior Auditor, Audit Manager
- Advanced: Head of Internal Audit, Director of Risk & Controls
Many professionals eventually transition into compliance, risk management, or finance leadership roles.