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Your answer would depend on several criteria such as location of the job, experience/background and the company hiring. An auditor in NY would make substantially more than someone in a rural area. CPA or people with experience will make more than a person starting out. To give a ball park figure I would say a starting salary - no experience would be in the low 30's. CPA and experience would start at about $50K per year
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When was the Institute of Internal Auditors founded?
The Institute of Internal Auditors (IIA) was founded in 1941 by a small group of dedicated practitioners in the field they identified as "internal auditing."
What do internal auditors do?
Internal auditors are primarily involved in completing operational and compliance audits, although some perform financial audits of segments of their companies.
Why is it necessary for auditors to assess internal internal control processes?
why is it necessary for the auditor to assess the internal contol processess
What does IIA do?
The Institute of Internal Auditors (IIA) is an international professional organization representing the internal auditing profession.
The Challenge of Internal Audit Jobs?
Internal auditors have the responsibility of making sure that their company's financial records are in order. They evaluate the controls that govern the company's income and expense accounts to make certain they are sufficient. These accounts must meet company and government requirements. Company requirements are based on company policy; government requirements are drawn out through various laws and procedures. Internal auditors must assure that the controls are sufficient to eliminate error or fraud. They prepare the company's tax records for the government. Dealing with overall budgets, internal auditors have also become computer savvy with a handle over the various computer software packages that aid in organizing and reporting accounts. Internal auditors generally have no responsibilities for producing strategy based on accounts or company projections. Internal auditors in the United States become Certified Internal Auditors by passing the Institute of Internal Auditors four-part examination. The examination is based on such topics as risk and control, governance concepts, fraud elements, tools for audit engagement, financial accounting, information technology concepts, and competitive analysis and strategies. After passing the test, the internal auditor must decide in which one of four areas he or she would like to receive a certificate. One can qualify for the Certified Internal Auditor certificate; the Certified Government Auditing Professional certificate; the Certified Financial Services Auditor certificate or receive Certification in Control Self-Assessment. The IIA expects internal auditors to have bachelor degrees and to follow the IIA Code of Ethics. The IIA standards are promoted and recognized across the globe, and many international internal auditors obtain their certification to practice in their countries from the IIT. Internal auditors have a medium salary of $54,000. After experience, the upper levels of internal auditors command $94,100. The number of jobs is expected to increase by 22 percent through 2014. By obtaining an MBA in accounting, internal auditors can reach a much higher salary level. The MBA degree will give the auditor necessary skills to interpret and adapt new laws to their work. Internal auditors have privileged status positions. It is important that they have a good knowledge of the law to protect their access to and knowledge of sensitive and confidential information.
What organization certifies internal auditors?
The Institute of Internal Auditors provides a certification program for candidates who seek to be certified internal auditors (CIA).
When was Institute of Internal Auditors created?
Institute of Internal Auditors was created in 1941.
What is the mandate of internal auditors?
Internal auditors identify control problems and develop solutions for improving and strengthening internal controls. Internal auditors are concerned with the entire range of an organization's internal controls
What are Performance Appraisal objectives of Internal Auditors?
How make is performance appraisal of Internal Auditors
When was the Institute of Internal Auditors founded?
The Institute of Internal Auditors (IIA) was founded in 1941 by a small group of dedicated practitioners in the field they identified as "internal auditing."
What do internal auditors do?
Internal auditors are primarily involved in completing operational and compliance audits, although some perform financial audits of segments of their companies.
When a firm uses internal auditors it is adhering to which one what internal control elements?
monitoring
Why is it necessary for auditors to assess internal internal control processes?
why is it necessary for the auditor to assess the internal contol processess
What is an external auditors report?
external auditors focus primarily on controls that affect financial reporting. External auditors have a responsibility to report internal control weaknesses (as well as reportable conditions about internal control)
What is internal control?
In 1992 COSO issued Internal Control--An Integrated Framework for companies, their managements, and their auditors.
What does IIA do?
The Institute of Internal Auditors (IIA) is an international professional organization representing the internal auditing profession.
How much do internal auditor is south Africa earn?
I'm a CA with 3 years experience. I worked as Audit Manger at a Big firm and earned R470 000 per annum. I then moved into a financial manager position and now earn R600 000 per annum.
