Perhaps you have secured your position in an accountancy firm and are looking to map out your future career within a large national or international company. Or perhaps planning your future education with an internal audit position in mind and in pursuit of more information? When it comes to internal audit, there is certainly a lot to think about, but as a niche provider of recruitment services in the governance and cybersecurity sectors, Internal Audit Connections (IAC) has the complete know-how.
As internal audit recruitment specialists with decades of combined experience, we have come across certain traits and pitfalls that we feel prevent candidates from securing their ideal role. We want to share them.
Whether it’s qualifications, application advice or even the specific role of an internal auditor itself that you’re curious about, we’ve got you covered in this comprehensive guide.
The world of internal audit may seem particularly niche and complex, so finding an ‘in’ and a way to establish what is involved and whether you are on the right path may seem problematic.
So, let’s start by establishing whether you are the right candidate for the job. You may feel that you have the right personality, work ethic and outlook for a role within internal audit, but your CV may still be missing some crucial qualifications which will be a large obstacle and prevent you from progressing further.
When it comes to being the right candidate for an internal audit position, a number of qualifications will put you in a much better position to secure the position you’re working towards.
Three qualifications that make a big impact on a CV and help candidates to stand out from the crowd are:
These qualifications give an insight into the specific requirements that will help you get on track or add to your existing qualifications.
It is often possible to make the first move into Internal Audit without one of these qualifications, or at least to be only partially qualified. However, it still remains important to achieve one of the above qualifications to ensure doors remain open to you as your career progresses. There are numerous companies who will demand one of these qualifications as a minimum requirement for application. I’m unaware of the route in .
When you set out on securing your first step into internal audit, it is crucial to establish what your goal is and how to get there.
Aspiring to become an internal auditor within a large national or international company? Here is the route you will generally take:
It may be that you have an all-singing, all-dancing CV complete with all the necessary qualifications and experience. Whilst this is crucial, it is also vital that you possess the right attitude and personal qualities that will enable you to enter the industry and successfully progress in internal audit and risk.
We have listed a number of key skills/qualities that we feel a successful internal auditor should have.
Whilst technical knowledge and competences are prerequisites for a position within internal audit, these skills don’t actually have a significant impact on progression. The following key skills are some that will help development and progression in an internal audit role:
When it comes to CVs and cover letters, we’ve seen pretty much every possible version! We’ve summarised some of our application tips to help get your foot in that all-important interview room.
The following CV tips may come in handy and increase your chances of standing out from the crowd:
So you are enthusiastic about getting into internal auditing and have mapped out your route in with qualifications and potential companies you can see yourself working in. But take one step back and think: “Do I know what I’ll actually be doing every day?”.
Many people don’t get the privilege of knowing for certain what their day-to-day role will look like beforehand, but we have summarised what value an internal auditor brings to an organisation, which will help give you a better understanding before you make that all-important decision: