Auditor (Internal & External)
For employers looking to fill an Internal or External Auditor vacancy, the following sample position description can help you to attract the best candidates for the role. By tailoring this position description according to your company's specific job requirements, you have an excellent interview tool for comparison purposes.
For job seekers looking for an Internal or External Auditor Officer role, this job description details what the role may involve and what skills and experience are required to give you the best chance of securing the position.
Reporting to the CFO, Financial Controller or Internal Auditor Manager, Internal Auditors are responsible for minimising the operational risk of the business. While monitoring internal control systems is important, this role can also expand into performance improvement and regulatory compliance for the business.
An Internal Auditor’s responsibilities will vary depending on the size and type of the organisation. Typical job duties and responsibilities may include, but are not limited to:
Audit assignment preparation and planning
Evaluation of the business's controls
Undertaking internal audits and test policies and processes
Analysis of risk frameworks
Analysing the potential for fraud in the company's systems and processes
Taking the lead in any fraud or other investigation that may be required
Conducting meetings with management and staff to understand processes and procedures
Writing reports on each internal audit assignment and making any recommendations to redesign processes and procedures that warrant changes.
Advising the client on the application of accounting standards and policies
The more common skills and attributes that are most needed for this role may include:
Understanding of risk management and frameworks
Excellent knowledge of accounting standards
Strong numeracy skills
High level of attention to detail and critical thinking
Proven time management and organisational skills
Strong written and verbal communication skills
Customer service skills focusing on delivering excellent service to both internal and external clients
Intermediate computer software skills, including Excel and other financial accounting packages
Degree qualified
Professional accounting qualifications such as CA or CPA
$70-140K + Super
Internal Audit Manager
Risk and Compliance Manager
Kick start your recruitment process with our free job description template.
Auditors are an important part of a Chartered Accounting firm and are responsible for the audit of a company's financial records and the testing of internal controls. External Auditors must have a high degree of accuracy and a strong knowledge of technical accounting standards.
External Auditors are responsible for performing independent financial audits on companies to test the rigour of the corporation’s external reporting and the strength of both their internal controls and corporate governance procedure. Legal requirements state that any business over a certain size must engage External Auditors to review their financial statements on an annual basis. Typically external audits are carried out by the Big 4 International Chartered firms, 2nd Tier Chartered and CPA firms.
Reporting to the Partner or a Senior Manager in a Chartered Accounting practice, (depending on the size of the business), an External Auditor’s role will have responsibilities that vary depending on the size and type of the Accounting practice and the clients they serve. Typical job duties and responsibilities may include, but are not limited to:
Audit engagement planning and preparation
Audit financial statements to ensure they are a true representation of the company's financial position
Testing of internal controls and identification of risks
Ensuring the client is compliant with the various statutory reporting and compliance bodies
Providing advice to the client around the application of accounting standards and policy
Ensuring the client is a legal and going concern
Travel to the client's sites as required
The more common skills and attributes that are most needed for this role may include:
Understanding of risk management and frameworks
Excellent knowledge of accounting standards
Strong numeracy skills
High level of attention to detail and critical thinking
Proven time management and organisational skills
Strong written and verbal communication skills
Customer service skills focusing on delivering excellent service to both internal and external clients
Willingness to travel
Intermediate computer software skills, including Excel and other financial accounting packages
Degree qualified
Professional accounting qualifications such as CA or CPA
$50-90K + Super
(Chartered) Senior Auditor
Associate
Partner
(Commercial) Financial / Group Accountant
Internal Audit
Risk Manager
For hiring managers ready to recruit an Auditor, download our job description template.
For job seekers who need to write or update their resume, download our resume guide and template.
An Auditor is generally classified as either internal or external. An internal Auditor focuses on the auditing of their business to minimise operational risk. An external Auditor is employed by a Chartered Accounting firm and audits different company's financial records.
Some of the responsibilities include monitoring the internal control systems of the business, testing the policies and processes, and analysing risk and the potential for fraud.
To become an auditor you will have worked in a Chartered Accounting firm and gained either a CA or CPA professional qualification.
An internal Auditor can earn anywhere between $70K and $140K + Superannuation, depending on experience.
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