If you have previously worked in external audit, you may be looking to move away from auditing. However, whilst they do share some characteristics, external and internal audit are very different roles.
Whether pursued in commerce and industry or in the City and financial services, a career in internal audit offers in-depth insight into a business and its industry – excellent for personal development early in your career.
Many finance directors in FTSE-listed companies have worked in internal audit at some point in their careers.
Internal audit is now recognised as a direct route into major blue-chip businesses. Internal auditors in commerce and industry act as proactive, consultative business partners, reducing risk, adding commercial value and contributing to the on-going success of a business.
Internal auditors have a much larger coverage of information than external auditors, and more in-depth analysis opportunities than external auditors. You will:
- be part of a team that continually brings improvement
- gain exposure with the entire business
- receive recognition for adding value.
As a result of the commercial value an internal auditor in commerce and industry brings, salaries are generally above the average for finance positions, and you can typically expect to receive a bonus on top of this.
An internal auditor in financial services will be guaranteed an in-depth insight into the industry.
Within financial services as with commerce and industry, this role, like no other, allows for regular contact with the senior management, as well as several sectors of the business.
As an internal auditor in financial services, many possible career paths open up to you, including:
- a business-facing and strategic role
- a more senior position within the internal audit function.
- a senior role within mainstream finance, potentially leading to finance director.
Whichever path you choose, working within internal audit opens doors and can present you with exciting opportunities to further progress your career. An increasing focus on the economy means internal audit is held in high regard – who better to move into a strategic or senior role than someone who has examined the entire operations of a company?
To talk to a consultant about your career in internal audit, please get in touch with your local recruitment expert.