Please note this vacancy has been withdrawn, probably because the closing date has passed. You may no longer apply for this position.

Internal Audit Graduate

The Job

What does Internal Audit do?

The short technical answer is that Internal Audit helps organisations to achieve their objectives; we do this by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of Risk Management, Control and Governance processes.

To simplify and expand on this explanation we can break down what we do into the following parts:

We look at specific areas within an organisation and talk to the Director or Senior Manager to get a high level view of what they do and how what they do helps the organisation to achieve its objectives.

We talk to senior and junior Managers to find out what might prevent them from meeting their areas objectives, we call this identifying the risks.

We find out what processes (we call these controls) are in place and actions that people carry out to either reduce the change of the risk happening or to reduce the impact. This is something that we do in our own lives on a daily basis e.g. we want to cross the road; there is a risk that we might get run over, the actions we take to reduce this risk might be to use a pelican crossing and to look and listen etc.

Once we have identified the controls we use our judgment to make sure that they fit the risk (they are designed well) and we check to make sure that the control processes are being followed (they are applied).

The Person

We find that most graduates applying for positions in Internal Audit generally have a Business or Accountancy degree. However, we have also had graduates with Law and Maths degrees. A business degree is probably the most helpful as it would have usually provided a good grounding in being able to quickly understand an organisation and to take a more practical approach to audit reviews.

You need excellent people skills and to be confident in meeting and talking to everyone, from the person working in the post room at a Council, to the Director of Resources at a charity. The more personable you are the more you get from your ‘auditee’ and the easier your job becomes.

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