Hiring an Internal Auditor to a Corporate capacity 2337
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Hi All. I am a corporate recruiter and am handling my first Manager of Internal Audit role. I am wondering where I can find additional information regarding the potential of hiring someone on our audit team who works for PWC or D_and_T. Thanks in advance.
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Hi,
I believe that the first priority for consideration is that the individual should be a good fit to the client’s corporate culture.
Many companies have already completed the SOX compliance exercise so it should not be overly difficult to find someone with Internal Audit experience if the salary, travel requirements, and other considerations are commensurate with the career opportunity.
As for hiring someone from a Big-4, I am biased because this is my background. However, I suggest that you might consider the background of the people who will report to the Manager, Internal Audit.
You might also consider the background of the individual who the Manager, Internal Audit will report to. Often, commonality in background can have a significant influence on the effectiveness of the Manager, Internal Audit AND his/her promotability within the organization.
Some internal auditor core competencies for your consideration are listed below. This list is not complete and you should tailor it to suit your client’s needs. However, I hope that it is a good start. Others on this forum will likely add comments as appropriate to enhance the feedback.
Good luck,
Milan
Auditing Concepts/Techniques
Accounting Principles
Assessing Reliability of Computer Based Data
Attributes of an Audit Finding
Audit Process
Conducting Audit Research
Developing Audit Objectives
Developing Audit Programs
Information Systems Auditing
Internal Control Assessment
Key Controls Identification
Planning the Audit
Risk Assessment
Understanding Materiality
Work Planning
Working Paper Preparation
Communication Skills
Coaching and Development Skills
Conflict Resolution
Facilitation Skills
Interpersonal Skills
Listening Skills
Negotiation
Presentation Skills
Problem Solving
Teamwork
Written Communication
Fraud Detection And Prevention
Evidence
Fraud Auditing
Fraud Awareness
Investigative Techniques
Working with Investigators and Attorneys
General
Analytical Procedures
Corporate Governance
Customer Privacy Act
Data Security
Employment Laws and Regulations
Ethics and Standards of Ethical Conduct
Industry Experience
Interviewing Techniques
Process Mapping
Resource Management
Safeguarding Audit Evidence
Setting Priorities
Statistical Sampling
Managing The Audit
Delegation
Team Leadership
Time Management
Professional Standards And Methodologies
COSO
Financial Audits
IIA Auditing Standards
SOX Audits
Reporting
Audit Follow-up and Resolution
Independent Report Review
Preparing Audit Reports
Reporting Audit Findings
Reviewing Audit Reports
Technology Skills
ACL or Data Extraction and Analysis
Database
Internet Research
Presentations