CareersinAudit.com has taken the title of ‘Best Job/Careers Board’ at the recent Recruiter Awards. But what is a career in audit? When it comes to considering a career in the finance sector, roles in audit often attract less attention than those in banking, brokerage and accountancy. So this blog asks: could audit be for you?
Firstly, what are the key skills needed to succeed in a career in audit?
- Do you enjoy the challenge of working through complex problems?
- Do you have an aptitude for working with numbers?
- Are you as happy focusing on the nitty-gritty of a problem as looking at the bigger picture?
- Are you confident in drawing your own conclusions from information and talking to others about what you’ve found?
If you answered yes to the above, your skills could be a good match, so what’s involved?
Auditors specialise in examining how an organisation functions and conducts its business, and the validity and legality of its accounting records. Auditors work with a wide range of organisations from across the commercial and public sectors, not only those providing financial services.
As an internal auditor, you will focus on assessing how well risks are being managed and how effectively internal systems and processes are working within the organisation you are auditing. The scope of audits can vary significantly and often you will be looking beyond financial and accounting risks and examining aspects of the organisation such as reputation, growth, ethics and environmental sustainability. You will report to the organisation’s senior management and give advice on making improvements. You might work as part of an in-house internal auditing team within a single organisation or you might work for a specialist firm and carry out internal audits with a variety of organisations on a consultancy basis.