Internal Auditors examine, verify, evaluate and report on financial, operational and managerial processes, systems and outcomes to ensure financial and operational integrity and compliance, and assist in business process reviews, risk assessments, developing deliverables and reporting progress against outcomes.

    You usually need a bachelor degree in accounting to work as an Internal Auditor. Training is also available through VET (Vocational Education and Training).

    Tasks

    • Assists with equity management, debt management, securities and taxation planning issues.
    • Collects, analyses and interprets information on the financial standing, cost structures and trading effectiveness of organisations.
    • Devises, re-organises and establishes budgetary cost control and other accounting systems such as computer-based systems.
    • Conducts audits and investigations and prepares financial statements and reports for management, shareholders, and governing and statutory bodies.
    • Evaluates the cost effectiveness and risks of operational processes, activities, policies and systems.
    • Establishes audit objectives, and designs and implements audit methodologies, processes and audit report criteria.

    More about Auditors, Company Secretaries and Corporate Treasurers

    All Auditors, Company Secretaries and Corporate Treasurers

    • $1,916 Weekly Pay
    • Strong Future Growth
    • Lower unemployment Unemployment

    Internal Auditors

    • 4,200 workers Employment Size
    • Very high skill Skill level rating
    • 85% Full-Time Full-Time Share
    • 41 hours Average full-time
    • 39 years Average age
    • 54% female Gender Share

    The number of people working as Internal Auditors (in their main job) grew strongly over 5 years:
    from 3,700 in 2011 to 4,200 in 2016.

    • Size: This is a very small occupation.
    • Location: Internal Auditors work in many parts of Australia. New South Wales has a large share of workers.
    • Industries: Most work in Financial and Insurance Services; Public Administration and Safety; and Professional, Scientific and Technical Services.
    • Full-time: Most work full-time (85%, much higher than the average of 66%).
    • Hours: Full-time workers spend around 41 hours per week at work (compared to the average of 44 hours).
    • Age: The average age is 39 years (compared to the average of 40 years).
    • Gender: 54% of workers are female (compared to the average of 48%).

    Employment Outlook

    Number of Workers

    No data is available for the selected graph for this Occupation.

    Weekly Earnings

    Weekly Earnings (Before Tax)

    No data is available for the selected graph for this Occupation.

    Main Industries

    Main Employing Industries (% Share)

    Source: Based on ABS Census 2016, Customised Report. Industries are based on the Australian and New Zealand Standard Industrial Classification (ANZSIC 06).
    Main Employing IndustriesIndustry (% share)
    Financial and Insurance Services30.0
    Public Administration and Safety20.5
    Professional, Scientific and Technical Services12.6
    Education and Training5.2
    Other Industries31.7

    States and Territories

    • NSW

    • VIC

    • QLD

    • SA

    • TAS

    • NT

    • ACT

    Employment by State and Territory (% Share)

    Source: Based on ABS Census 2016, Customised Report. Share of workers across Australian States and Territories, in this job compared to the all jobs average.
    StateInternal AuditorsAll Jobs Average
    NSW37.531.6
    VIC26.425.6
    QLD17.020.0
    SA5.67.0
    WA8.510.8
    TAS1.52.0
    NT0.51.0
    ACT3.11.9

    Age Profile

    Age Profile (% Share)

    Source: Based on ABS Census 2016, Customised Report. Age profile of workers in this job compared to the all jobs average.
    Age BracketInternal AuditorsAll Jobs AverageAll Jobs Average
    15-190.2-5.05.0
    20-243.7-9.39.3
    25-3430.4-22.922.9
    35-4430.7-22.022.0
    45-5421.1-21.621.6
    55-597.1-9.09.0
    60-644.6-6.06.0
    65 and Over2.3-4.24.2

    Education Level

    Highest Level of Education (% Share)

    Source: ABS Census 2016, Customised Report. Highest qualification completed by workers in this job (in any field of study). Qualifications needed by new workers might be different from the qualifications of workers already in the job.
    Type of QualificationInternal AuditorsAll Jobs AverageAll Jobs Average
    Post Graduate/Graduate Diploma or Graduate Certificate24.1-10.110.1
    Bachelor degree44.2-21.821.8
    Advanced Diploma/Diploma12.0-11.611.6
    Certificate III/IV7.7-21.121.1
    Year 128.2-18.118.1
    Year 111.5-4.84.8
    Year 10 and below2.2-12.512.5

    You usually need a bachelor degree in accounting to work as an Internal Auditor. Training is also available through VET (Vocational Education and Training).

    Registration with the Australian Securities and Investments Commission is needed to work as an Internal Auditor. In order to gain registration you may need to complete competency standards through the Institute of Chartered Accountants Australia (ICCA) or the Certified Practising Accountants Australia (CPA).

    Thinking about study or training?

    Before starting a course, check it will provide you with the skills and qualifications you need.

    • Search and compare thousands of higher education courses, and their entry requirements from different institutions across Australia at Course Seeker website.
    • Compare undergraduate and postgraduate student experiences and outcomes on the QILT website.
    • Compare Vocational Education and Training (VET) courses, providers and student outcomes on the My Skills website.
    • You might be interested in Financial Services VET training pathways on the AAPathways website.

    Or check out related courses on Job Outlook.

    Useful links and resources


    The course listings on this page are provided by Good Education Group.

    Employers look for Auditors, Company Secretaries and Corporate Treasurers who have strong attention to detail, are organised and work independently.

    Filter Skills & Knowledge

    Knowledge

    These are important topics, subjects or knowledge areas.

    1. Economics and accounting

      92% Skill level

      Economics and accounting, the financial markets, banking and checking and reporting of financial data.

    2. Mathematics

      74% Skill level

      Arithmetic, algebra, geometry, calculus, or statistics.

    3. English language

      69% Skill level

      English language including the meaning and spelling of words, rules of composition, and grammar.

    4. Administration and management

      68% Skill level

      Business principles involved in strategic planning, leadership, and coordinating people and resources.

    5. Customer and personal service

      68% Skill level

      Understanding customer needs, providing good quality service, and measuring customer satisfaction.

    Occupational Information Network
    O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
    The skills and importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 13-2011.02 - Auditors.

    Learn about the daily activities, and physical and social demands faced by workers. Explore the values and work styles that workers rate as most important.

    Filter Work Environment

    Demands

    The physical and social demands workers face most often are shown below.

    1. Electronic mail

      100% Important

      Use electronic mail.

    2. Face-to-face discussions

      96% Important

      Talk with people face-to-face.

    3. Telephone

      96% Important

      Talk on the telephone.

    4. Teamwork

      95% Important

      Work with people in a group or team.

    5. Indoors, heat controlled

      91% Important

      Work indoors with access to heating or cooling.

    Occupational Information Network
    O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
    The skills and importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 13-2011.02 - Auditors.

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