Internal auditing is an exciting and rewarding profession that offers a wide range of opportunities. It provides individuals with the chance to make a real difference in the way organizations are managed and governed. From finance to technology to operational risk management, internal auditors provide invaluable insights and a unique perspective to help ensure organizations are meeting their objectives.
You’ll need to work hard at getting certifications, in addition to your degree or professional qualification, which will make you aptly qualified for the role. Some of the examples of such certifications include Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), and Certified Fraud Examiner (CFE). Before choosing which combination to take, consult with an experienced professional in your country on which one will benefit you the most. Once you do that and obtain them, they will give you an added advantage over other candidates without them. They will signify to organizations that you have the skills and knowledge to perform the duties of an internal auditor and they will give you an edge for the consideration of promotion and other opportunities.
So, why should someone choose internal auditing as a profession?
Creating meaningful impact
The first and most important reason is that it provides the opportunity to have a meaningful impact. From assessing the effectiveness of internal controls to providing assurance on compliance and risk management, internal auditors are vital players in helping organizations achieve their goals. You’ll have the chance to work closely with senior management teams and boards of directors to identify areas for improvement and provide constructive feedback.
Variety in work
Another great reason to pursue internal auditing as a profession is the variety it offers. You’ll gain exposure to different industries, business models and working environments, giving you the opportunity to develop a well-rounded skillset. You’ll also get to travel and immerse yourself in different cultures and places, making it an ideal choice for those who love to explore.
You can work in a wide variety of settings, such as large corporations, government agencies, educational institutions, and non-profit organizations. With the proper training, you can move into consulting or other specialized positions.
Career progression
The profession also offers plenty of career progression opportunities, as internal auditors can specialize in different areas such as finance, IT, operations, and compliance. You’ll have the chance to progress to senior management roles, and with the right qualifications, you can even become a chief audit executive, a significant decision-maker within an organization.
Competitive Remuneration
Internal auditors have the potential to earn a good salary. The profession is also in high demand, and with the right qualifications and experience, you can secure a role in a prestigious organization. The potential for career advancement provides a possibility for more significant salary increases.
Continuous Learning
A career in internal auditing offers opportunities for professional growth. Internal auditors are required to stay current with changes in regulations, industry standards, and best practices. Internal auditing is a field that is constantly evolving and provides both the opportunity to learn new skills and the chance to increase one’s knowledge base.
Professional Recognition
Internal auditing is a highly respected profession. It is often seen as a symbol of corporate responsibility and governance. Having a career in internal auditing can open doors to advancement within the organization and provide recognition within the industry.
Overall, internal auditing is a rewarding and exciting profession that offers an abundance of opportunities. If you are looking for a challenging and rewarding career, then internal auditing is definitely worth considering.