Internal Auditor in United Kingdom

What is an internal auditor?

An internal auditor is relied upon to assess how well a company is managing risk. Working as part of the in-house finance team, they use a systematic methodology to explore how well internal processes are working and whether company risk and operations could be improved.

Internal auditor job description and responsibilities

Professionals within this job role act as a moderator for all company accounts, ensuring that they are compliant and that any future risk is identified and managed. Typical internal auditor responsibilities are:

Assessing company financial risk

Safeguarding assets

Gathering and analysing data

Checking the accuracy of financial reports

Auditing the efficiency of business processes

Ensuring the business adheres to policies, procedures, legislations and regulations

Stakeholder communication

Internal auditor qualifications, skills and experience

Qualification requirements for internal auditing roles are relatively broad and can include any of the following:

Finance

Economics

Accountancy

Computing

Business Studies

Overseas professionals are typically educated to a postgraduate masters level and can undergo a conversion by gaining a CIMA, ACCA or ACA specialist qualification.

An in-demand professional will have the following qualities:

Good organisation

An excellent eye for detail

Good time-keeping

The ability to think objectively

High emotional intelligence

Good verbal and written communication skills

The ability to form good professional relationships

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Salary for Internal Auditor in United Kingdom

51000 - 59750

25th Percentile

51000

Little or no prior experience in the position; still developing relevant skills.

Demand: Low

50th Percentile

54500

Some prior experience in the position; has several relevant skills.

Demand: Moderate

75th Percentile

59750

Extensive prior experience in the position; has mastered relevant skills.

Demand: High

Projected salaries for related positions

Position title

25th Percentile

50th Percentile

75th Percentile

Chief Financial Officer (CFO)

126250

171750

202000

Group Finance Director

110750

126250

141500

Finance Director

91000

106000

123250

Shared Service Centre Director

91000

111000

131250

Group Financial Controller

80750

101000

121250

Financial Controller

65750

81750

90000

Finance Manager

54500

63000

67000

Group/Financial Reporting Accountant

55500

60500

65750

Qualified Management/Financial Accountant

51500

57250

63500

Director of Audit & Risk

91000

96000

106250

Internal Audit Manager

58500

66000

71500

Treasury Manager

66000

74000

79250

Treasury Accountant

53250

57500

61500

Tax Manager

70750

80750

91000

Tax Accountant

53250

57500

62750

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