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Internal Auditor

Internal Auditors provide crucial services to businesses to identify and recommend efficiencies and improvements.

What's it like to be an Internal Auditor?

Internal Auditors work with companies to examine their operations, structures, business and strategic plans, and financial goals.

Internal Auditor

Tasks and duties

  • Systematically review and evaluate the systems and operations of a company with the aim of improving the efficacy of risk management and governance procedures.
  • Review, evaluate and identify areas where efficiencies or improvements might be made and make recommendations.
  • Present audit report detailing the current situation and future plans with regard to the strategic plan to the CEO, stakeholders and board members.
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Internal Auditors are employed in various settings including public, private and non-profit and usually work closely with CEOs, CFOs and senior managers.

Unlike External Auditors who predominantly concentrate on annual reports and financial statements, Internal Auditors take into account anything that may influence an organisation’s success.

What can I earn as an Internal Auditor?

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NSW
VIC
WA
QLD
TAS
SA
NT
ACT
The most common salary in AUS for an Internal Auditor is between $100k and $120k
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Source: SEEK job ads

How to become an Internal Auditor


SEEK Learning
To become an Internal Auditor in Australia, a bachelor degree in the field of accounting is generally required. These are usually three-year courses, open to anyone over 17 years and who has completed year 12 with an appropriate Universities Admission Index.

  1. Complete a Bachelor degree in the field of accounting. This could be a Bachelor of Business with a major in accounting or a Bachelor of Accounting. Alternatively, complete a postgraduate qualification, such as a Master of Professional Accounting. This is a two-year degree for students with previous tertiary qualifications.
  2. Apply to become a qualified internal auditor through the Institute of Internal Auditors. Applicants are expected to have a minimum of two years work experience in internal auditing in addition to a Graduate Certificate in Internal Auditing or an assessment of current competence.
  3. Maintain your professional membership of the Institute of Internal Auditors by completing 80 hours of continuing professional education every two years.

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Bachelor of Accounting

This degree will prepare you for employment in a range of professional roles in the Accounting industry.
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Bachelor of Business (Accounting)

This qualification provides you with a background in business topics as well as the opportunity to specialise in accounting.

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Source: SEEK job ads and SEEK Profile data

How do Internal Auditors rate their role?

Latest reviews from 16 Internal Auditors surveyed on SEEK

Work-life balance
3.7
Job satisfaction
3.9
Career progression opportunities
4.1
Job security
3.8
Pay / Salary
3.8
Variety of work
4.0

Latest reviews

All
Positive
Negative
Oct 2018
QAManagement and Internal Auditing is a great career , I have enjoyed over 35 years with no regrets
Reviewer's Qualification
Diploma of Engineering
Experience
10+ years
Organisation size
Medium (20-199 employees)
Specialisation
ISO 9001/4 , TS16949
The good things
An Quality manager is a logical follow on from an Engineering qualification , Progression to Internal Auditor follows , it is also part of the QAManager,s responsibility . I look at both roles as a he...
The challenges
Ensure Procedures are being followed and conform to the relevant Standard , to be flexible and not issue Non Conformities or request for Corrective Actions . There is always going to be difference of ...
Read more
Oct 2018
Internal Audit suits those with like interacting with clients, and enjoy high attention to detail work
Reviewer's Qualification
MBA
Experience
1 – 4 years
Organisation size
Large (200+ employees)
Specialisation
IT
The good things
Nature of work: deep analysis; then synthesising findings for insight; extensive face to face interactions with customers/ stakeholders; working with and learning from experienced practitioners.
The challenges
Nature of work: stakeholders aren’t pleased to see you — tantamount to seeing the dentist; high attention to detail during report writing is iterative and potentially protracted (100% target); negati...
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Source: SEEK Role Reviews

Working hours for Internal Auditors

Overtime
Weekends
Shift work
Late nights
Often
Sometimes
Never
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Source: SEEK Role Reviews from 6 Internal Auditors

What are the job opportunities for Internal Auditors?

Find out how the job market is trending

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NSW
VIC
WA
QLD
TAS
SA
NT
ACT

Job opportunities

Internal Auditor jobs on SEEK
296
Jobs on SEEK right now
Source: SEEK

Projected job growthAlert

National increase over next 5 years *
9.9%
2019
2024
Source: LMIP. Accountants, Auditors and Company Secretaries

Latest Internal Auditor jobs on SEEK

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Source: SEEK job ads

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