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This bar graph shows the annual salary for Internal Auditors.
Data sourced from O*NET Online, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
This line chart shows the projected job growth over 10 years for Internal Auditors.
Projected Growth Rate in Job Openings by 2031: 6%
Data sourced from CareerOneStop, provided by the U.S. Department of Labor.
Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
Prepare detailed reports on audit findings.
Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
Becoming an internal auditor is a rewarding career path that involves a blend of accounting, auditing, and analytical skills. If you're interested in this profession, here's a step-by-step guide to help you achieve your goal.
Before embarking on this career path, it’s crucial to understand what the role entails. Internal auditors are responsible for providing independent and objective evaluations of a company's financial and operational business activities, including its corporate governance. They ensure compliance with laws and regulations, assess internal controls, and may assist with risk management.
While not always mandatory, obtaining professional certifications can significantly enhance your career prospects and credibility.
In addition to formal education and certifications, certain skills are essential for success as an internal auditor:
Hands-on experience is invaluable in the internal auditing field.
Once you have the necessary education, skills, and certifications:
When you land interviews for internal auditor positions:
By following these steps, you can set yourself on a path toward a successful career as an internal auditor. Remember to stay proactive about learning new skills and adapting to changes in the industry to maintain your edge in this dynamic field.
To pursue a career as an internal auditor, you typically need:
Yes, there are several certifications that can be advantageous for internal auditors:
Internal auditors should have a mix of technical and soft skills, including:
Internal auditors are needed across various industries:
Internal auditors have several advancement opportunities:
Gaining relevant work experience is crucial:
Continuing education is important for staying current with:
Participation in professional development programs offered by organizations like the IIA or AICPA is often required to maintain certifications.
According to the U.S. Bureau of Labor Statistics, the job outlook for accountants and auditors, which includes internal auditors, is projected to grow 4 percent from 2019 to 2029, about as fast as the average for all occupations.
For more detailed information on the career outlook for internal auditors, visit the Bureau of Labor Statistics website.
Internal Auditors have a range of responsibilities, including:
In today's environment, having strong IT skills is increasingly important for internal auditors due to:
Training in IT audit and familiarity with various audit software can be beneficial.