The Best Internal Audit Jobs In 2024
Are you considering a full time career in internal auditing, but unsure where to start?
If you love working with numbers and have a keen attention to details, then why not consider one of the many exciting careers for internal auditors available today?
For starters, it’s essential to equip yourself with a solid educational foundation in order to get internal audit jobs.
A bachelor’s degree in finance, business administration, or accounting lays the groundwork for success in any internal auditing jobs
In addition to academic credentials, you also need core analytical thinking, communication, and problem-solving skills, and attention to navigate the complexities of this career. Attention to detail is also a critical attribute, as auditors are tasked with scrutinizing financial records, conducting audits, and uncovering discrepancies.
As an internal auditor, your role involves evaluating and analyzing an organization’s operations to ensure compliance with laws, regulations, and internal policies.
Your responsibilities also include examining financial statements, detecting fraud, assessing control systems across accounting firms, and providing recommendations for process improvements. This critical function is integral to the success and integrity of businesses across various industries.
The demand for skilled internal auditors is on the rise, with job opportunities projected to grow by 6% over the next decade. Moreover, with internal audit jobs, you can expect to earn a competitive average salary of $77,250 per year.
Here’s a closer look at some of the most sought-after internal audit jobs in 2024:
1. Internal Auditor:
Internal auditors play a pivotal role in ensuring organizational compliance with policies and regulations. They assess control systems, detect fraud, and provide recommendations for enhancing operational efficiency. Median salary: $65,984 per year.
2. External Auditor:
External auditors, employed by public accounting firms, examine the financial systems of various organizations to ensure compliance with statutory requirements. They play a crucial role in safeguarding the integrity of financial reporting. Median salary: $71,550 per year.
3. Forensic Auditor:
Forensic auditors specialize in uncovering fraudulent activities within companies, gathering evidence to support legal proceedings. Their investigative prowess is instrumental in identifying financial irregularities and mitigating risks. Median salary: $66,900 per year.
4. Information Technology Auditor:
With the proliferation of digital technologies, the demand for IT auditors has surged. These professionals assess information systems’ security and integrity, safeguarding sensitive financial data from cyber threats. Median salary: $78,000 per year.
5. Tax Auditor:
Tax auditors ensure organizations adhere to tax laws and regulations, examining tax reporting procedures and financial records for compliance. They accomplish this by locating vulnerabilities in the processing and storage of information as well as examining policies involving access to and the usage of financial data. Median salary: $67,565 per year.
6. Compliance Auditor:
Compliance auditors ensure that organizations comply with laws and regulations. They conduct audits of financial records, policies, and procedures to ensure adherence to legal requirements. Median salary: $73,906 per year.
7. Budget Analysts:
Budget analysts develop and implement budget plans for organizations, monitor spending, and make recommendations for adjustments. They work in government agencies, non-profit organizations, and large corporations to help achieve financial stability. Median salary: $79,000 per year.
8. Audit Managers:
Audit managers oversee the internal audit process and may be responsible for leading audit teams, developing audit plans, and providing feedback about audit plans. They may also manage the internal audit department and ensure it operates efficiently and effectively. Median salary: $107,000 per year.
9. Senior Auditor:
Senior auditors are responsible for leading audit teams and overseeing the audit process. They may also be responsible for developing and providing feedback about audit plans. Median salary: $78,000 per year.
10. Management Analysts:
Management analysts improve organizational efficiency and profitability by analyzing operations, developing solutions, and assisting with restructuring. They work in various industries and use data analysis, critical thinking, and communication skills to help organizations optimize their performance. Median salary: $93,000 per year.
And there you have it- The top best internal audit jobs to consider in 2024.
There are many amazing benefits associated with choosing an auditing career including super good salaries, an abundance of available job positions, and also job security. Nevertheless, the best thing about internal auditing careers is that there are several occupational paths that you can choose from.
Each of these roles offers unique opportunities for career growth and advancement within the field of internal auditing. By considering your skills, interests, and salary expectations, you can determine the best path forward to pursue a fulfilling career in internal audit jobs in 2024.
And if you’re bothering about how to get a certificate, the certification process involves passing a three-part exam, meeting education, and experience requirements, and agreeing to abide by the IIA’s Code of Ethics. The CIA certification is valuable to internal auditors who want to advance their careers.
If you want to get advanced in this career, include getting certified and completing postgraduate degrees in your internal auditor career goals.
Additionally, do yourself more good, to seek out universities and internship opportunities with internal auditing programs.
If you’re looking for other internship opportunities, check out this article How to find Internship Opportunities near me
And if you’re seeking for a full time or part time internship as an internal auditor, Apply as an intern on Betternship today.