Audit experts usually work in accounting and finance to evaluate various things, from contracts to bank records to the processing of projects. For example, auditing jobs can be found in industries like healthcare, military and defense, education, nonprofits, technology, hospitality, insurance, retail, and other areas. Auditing professionals need to be detail-oriented and have patience, problem-solving, conflict resolution, and math skills. Companies hiring for auditing jobs usually offer remote jobs, such as work-from-home.
Some examples of auditing positions include auditor, controller, and account payable specialist. Also, note that entry-level auditing jobs and manager and director-level roles are available for more experienced professionals. There are also opportunities for freelance, full-time, part-time, and flexible schedules.
What Does a Remote Auditor Do?
The Staff Auditor’s primary responsibility is to assist the audit department in conducting independent assessments. Also, conduct audits of key risks, and controls implementation by the lines of business. However, they assist in the execution of internal audits by the Company’s Internal Audit Program. Note, that these functions help the Department to independently and objectively evaluate and report on the effectiveness of the Company. In addition, the following points below are the duties of an internal auditor.
1. Performs internal audits under established methodology and within budgeted timeframes, as assigned.
2. Prepares, or assists in the preparation of, audit findings and management reports which include the development of clear, constructive, and actionable recommendations to address any risks identified.
3. Supports the Internal Audit Team in completing the Internal Audit function.
4. Pursues expert development opportunities, including external and internal training and professional memberships.
5. Works cross-functionally among all areas of the Company with employees associated with the audit functions.
6. Performs other duties, as assigned.
7. Creates value for the bank and its employees as a good teammate.
8. Lives out the Company’s core values.
What are the Three Types of Internal Auditors?
The three types of internal auditors are as follows.
1. Compliance audits: This kind of auditor is an examination of conformity and adherence of a particular area, process, or system to policies, plans, procedures, laws, regulations, contracts, or other requirements that govern the conduct of the area, process, or system subject to audit.
2. Operational audits: Operational audit is the kind of audit that mainly focuses on the internal controls of key processes, procedures, or systems. However, The main objective is to improve productivity, as well as the efficiency and effectiveness of the operation.
3. Financial audits: A financial audit is an objective examination and evaluation of the financial statements of an organization to make sure that the financial records are a fair and accurate representation of the transactions they claim to represent.
4. Information technology audits: An information technology audit is an examination of the management controls within IT applications, operating systems, databases, or the infrastructure. Also, reviews may be focused exclusively on IT or performed in conjunction with a compliance, operational, or financial audit.
Can Internal Audit Work Remotely?
Yes, an internal auditor has the privilege to work from home at any time provided he can meet the following requirement mentioned below. However, note that the O.R. position reports directly to the Internal Audit Director.
What are the Basic Requirements for Remote Internal audit?
Education and Certifications:
Bachelor’s degree in Accounting, Finance, or related field
What are the Skills Required for Remote Internal Audit?
. Experience using work paper management systems or audit management software (ie AuditBoard, TeamMate, etc.)
. Working knowledge of Microsoft Office Suite
. Knowledge of basic computer skills
. Strong communication skills (verbal and written)
. Good organizational skills and attention to detail
. Best analytical and math skills
. Knowledge of auditing standards and procedures, laws, rules, and regulations
. Possesses sound independent judgement and good critical thinking skills.
Abilities:
. Ability to consistently meet service level standards and goals.
. Strength to manage multiple requests simultaneously.
. wisdom to learn bank-programmed software.
. Ability to work overtime, remotely or in the office, when required.
. Energy to work within a team environment.
Strength to read and comprehend instructions, correspondence, memos, and other documents as required.
Qualifications:
. 2+ years of Internal Audit or similar experience
. CPA, CIA, or other industry-specific designation, preferred.
. Banking or Regulatory Experience.