Accountancy Solutions - Internal Audit - Ireland’s Leading Financial Recruitment Agency

Accountancy Solutions - Ireland’s Leading Financial Recruitment Agency

INTERNAL AUDIT

Internal Audit is in essence an independent function with an emphasis on
"Value Added Activities" with a view to reducing risk and improving efficiency.

Internal Audit is gaining increasingly high profile (particularly in light of the recent scandals such as Enron and Allfirst), as listed companies are obliged to pay attention to corporate governance and good practice. The function of internal audit is to ensure that areas of concern relative to goals, performance objectives and the impact of economic, financial and managerial influences are addressed.

The Internal Auditor operates at all levels of the organisation from reporting at the highest level to discussing results and recommendations at operational level, both leading to corrective actions. Openings in Internal Audit are generally with large blue chip International Companies. The role of an Internal Auditor can vary greatly from company to company or indeed Industry to Industry.

In some businesses the Internal Auditor may act more like a controller working to ensure the integrity of financial systems while others spend considerable time on specialist assignments such as acquisition appraisals and due diligence reviews.

Internal Audit is an option open to most recently qualified Accountants and is becoming an increasingly popular choice among ACA’s. The typical route is one straight from practice where there is a certain familiarity with the work involved. Many people see Internal Audit, as an excellent opportunity to progress within an organisation and it tends to be an excellent entry point to many large organisations recruiting accountants.

Internal Audit is one of the most influential places for newly qualified Accountants to add immediate value by working with decision-makers in a broad commercial environment. Roles often present an opportunity to move in to an operational role with the potential to go to management level with the organisation.

Positions often lead to travel opportunities, the amount dependant on the geographical diversity of the company.