Internal auditing of an organization is the crucial division that provides assurance about the quality of the functioning in the company by making the firm abide by all government regulations, providing mandatory disclosures, and ensuring that the financial statements represent the true picture of the internal status of the company. So the internal auditors have to ensure that the company is able to protect all its stakeholders in the right spirit.
How to become Internal Auditor:
A person interested to be an Internal Auditor need to have completed undergraduate degree in any stream. Post this he/she could do a Master in Business Administration (MBA). A certification as popularly offered by The Institute of Internal auditors would be preferred. Hands-on work experience as an auditor in any company would be valued highly.
Internal Auditor Career Courses, Training, Programs:
The best career courses to become an Internal Auditor would need you to take up accounting during graduation and specialization in Finance during your MBA. Various training programs taken from external training agencies would also provide you with in-depth courses in accounting, economics, corporate governance, legal issues in business, etc. Some universities also provide specialized courses in Internal Auditing which have a minimum cut-off depending on the rank of the university.
Internal Auditor Career Schools/colleges, education:
Internal Auditor has evolved a good career option with greater prominence therefore many colleges and universities have adopted Internal Auditing as their latest entry in their college course structure.
Top 5 colleges/universities:
- Louisiana State University
- Florida technical university
- Troy State University
- San Jose State
- California Capella University
Internal Auditor Career Job opportunities, salaries, recruitment:
Most of the financial companies are on a hiring spree for recruiting internal auditors. Hence there is a lot of demand in the market for Internal Auditors. Although the compensation varies with the level of education and experience, it hovers around $55,000 on an average. Opportunities can mostly be found in the financial hubs of the states.