FAQs
What is the primary responsibility of an Associate Internal Auditor?
The primary responsibility is to execute audit strategies with professional skepticism to validate the effectiveness of internal controls in the evaluated areas.
Is teamwork important in this role?
Yes, teamwork is important as the role requires collaboration with key stakeholders across the organization, including external auditors and business process owners.
What educational qualifications are required for this position?
A Bachelor’s or Master’s degree in business, engineering, information systems, computer science, or a related field is required.
Is prior auditing experience necessary?
Yes, experience in performing financial and/or operational audits is preferred, especially with big four accounting firms, major consulting firms, or government contractors.
Are there any preferred certifications for this role?
Yes, progress toward or achievement of certifications such as Certified Public Accountant (CPA), Certified Information Systems Auditor (CISA), or Certified Internal Auditor (CIA) is preferred.
What skills are essential for an Associate Internal Auditor?
Essential skills include interpersonal skills, analytical and problem-solving abilities, strong decision-making skills, and excellent verbal and written communication skills.
Does the role require knowledge of specific regulations?
Yes, experience with Federal Acquisition Regulation (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), and Cost Accounting Standards (CAS) is preferred.
How important is data analytics in this position?
Data analytics is very important as the role involves identifying opportunities to leverage data analytics and computer-assisted audit techniques to achieve efficiencies during audits.
What is the expected level of self-management in this position?
The Associate Internal Auditor is expected to work independently, perform effective self-reviews, and surface issues in a timely manner.
How does this role contribute to continuous learning?
The role requires a demonstrable curiosity and interest in continuous learning, which enhances the auditor’s skills and adaptability in the dynamic business environment.