Internal Auditor

Internal Auditor job description

An Internal Auditor assists in the establishment, development and evaluation of a company’s internal controls over financial reporting, compliance and business operations. An Internal Auditor job description should first and foremost highlight the key role of completing company-wide internal audits in accordance with annual audit objectives, and holding opening and closing meetings with management, including providing all audit reports.

Internal Auditor duties and responsibilities of the job

An appropriate Internal Auditor job description should include the following functions:

Undertaking internal audits to ensure the company meets its financial, operational and compliance objectives

Supporting the development of an assurance planning reporting process

Reporting on control deficiencies to management and making recommendations to mitigate risk and add value

Challenging current processes across the company and identify opportunities for refinement

Engaging remediation of identified issues through follow-up

Playing an active role in the maintenance and review of policies and procedures, including ensuring they are up to date with all legislation and best practices

Communicating with a variety of stakeholders across the company

Internal Auditor job qualifications and requirements

A degree in one of the following fields should be included as a qualification requirement for internal auditing:

Accountancy

Economics

Finance

Business

Anyone looking to work in this industry will also be expected to display the following qualities:

Attention to detail is imperative

Organisation and time-keeping skills

Ability to assess and evaluate risk, plus implement solutions

Excellent reporting skills

The ability to keep calm under pressure, especially when there are tight deadlines

The ability to think objectively

Strong communication skills, both verbal and written should also be included in an Internal Auditor job description, as there will be ongoing communication with teams in other business units and the senior management team.

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Salary for Internal Auditor

80000 - 120000

25th percentile

80000

The candidate is new to the role or has limited experience and is building necessary skills.

50th percentile

100000

The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.

75th percentile

120000

The candidate has extensive experience and advanced skills for the role, and may also have specialised certifications.

Salary range based on three percentiles The starting salaries represent gross yearly salaries. They do not include bonuses, benefits or Central Provident Fund.

Projected salaries for related positions

Job title

25th percentile

50th percentile

75th percentile

Internal Audit Manager

125000

165000

200000

Internal Audit Director

215000

250000

300000

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Our starting salary projections come from a detailed, multistep process that ensures our numbers accurately reflect the marketplace. They’re based on real compensation data for job candidates our recruiters have matched with companies in Singapore.

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