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What is the work experience required to be an internal auditor?
Wiki User
∙ 14y ago
Internal auditor is elected by a voice vote in a general body meeting of any organization. You don't need any qualification for becoming an internal auditor. But if you are already in the line of accounts and audits, you have the brightest chance of being elected in your organization as Internal Auditor.
Wiki User
∙ 14y ago
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Are there any educational substitutes for the two-year experience requirement to become a certified internal auditor?
A master's degree can be substituted for one year of experience. The Board of Regents determines the acceptability of equivalent work experience.
What is a certified internal auditor?
A certified internal auditor is an internal auditor who has passed a specific test that proves their quality and understanding of the work they do. Internal auditors who want to advance their careers to the next level should consider taking the certification exam to become a certified internal auditor. General Job Description Internal auditors are quality control managers. They can work as staff members for companies or they can be called in on an as-needed basis. Their job is to analyze the productivity and financial organization of a business and report their findings to upper management. A certified internal auditor considers every aspect of an organization’s production and bookkeeping methods and creates a consolidated outline of how the operations are really being handled. They also provide suggestions for areas that could use improvement. Internal auditors are the best defense against poor performance or low quality goods and services. Education and Training Requirements The education required to become an internal auditor depends somewhat on what area of business the auditor intends to work in. Most auditors study economics and finance at a four-year college or university before they go into audit work. This prepares them for the in-depth financial analysis work that they will probably end up doing as a major part of their job. To become a certified internal auditor, you need to successfully pass a specific certification exam. You can find training for the exam through vocational schools and community colleges nationwide. There are also online based programs that will prepare you for the certified internal auditor exam. Typical Salary The salaries for certified internal auditors have been rising sharply in recent years. Individuals who pass the certification exam can expect to earn up to $100,000 annually. That figure can rise depending on the field that the auditor works in. Technology auditing is growing substantially, which is driving up the salaries of certified internal auditors who are proficient in auditing technology based companies. Financial auditors are also enjoying a growing demand. Certified internal auditors who work for large corporations can expect to make as much as $200,000 on average, depending on their experience, certification level, and the type of auditing they perform.
What is the role of an internal auditor as it relates to business finance?
An internal auditor is a company employee who independently and objectively evaluates the organization’s operations. The role of an internal auditor is to gather relevant and objective information about the organization. An internal auditor essentially serves as the eyes and ears of the company’s senior leadership and board of directors. Their assigned work may cover any area of an organization; however, their work should be directed by the audit committee. Internal audits have historically been aligned with accounting and financial reporting audits. However, there are other types of audits example, IT auditss, Operation audits and Performance audits.
What is the Format for statutory compliance in internal audit?
Because it saves the time of auditor since he needs not to present at the work place to auditing.
What is the best country to work as an auditor?
Deciding which country is the best to work for as auditor is a matter of personal opinion.
What is the difference between CIA and CPA?
CIA stands for Certified Internal Auditor while CPA stannds for Certified Publlic Accountant. CIAs tend to work as internal auditors (surprise) while CPAs tend to work as accountants and external auditors.
What is the work experience required to be an engineer?
you have to eat sam
In this what special aspects of your work experience have prepared for your overseas job?
there is no specal work experience is required for overseas job
What is a person in a inventory work called?
auditor
Why absolute assurance is not given in audit?
Because it is not the responsibility of the auditor. The auditor work must be within economic limits.
Is work experience required to get an electrician certification?
Yes, you need to do work as a helper to an electrician before you can be certified. It usually takes a couple of years of experience.
What do you call someone who works for experience?
Someone who works for experience is known as an intern. In most cases, students who are pursuing a particular course will be required to work in a place so as to get practical experience on their nature of work.
