1220.0 - Australian Standard Classification of Occupations (ASCO) Second Edition, 1997  
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 31/07/1997   
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2212-13

      Internal Auditor
      Audit Officer

Examines, verifies, evaluates and reports on financial, operational and managerial processes, systems and outcomes to ensure financial and operational integrity and compliance.

Skill Level:
The entry requirement for this occupation is a bachelor degree or higher qualification. In some instance relevant experience is required in addition to the formal qualification. Registration or licensing is required.

Tasks Include:
  • evaluates the cost effectiveness and risks of operational processes, activities, policies and systems
  • reports to management on the existence and effectiveness of the system of internal controls
  • prepares financial statements and reports for management, shareholders and statutory bodies
  • establishes audit objectives, designs and implements audit methodologies, processes and audit report criteria
  • identifies and applies relevant professional standards and regulatory requirements
  • discusses reports with other auditors and issues reports recommending performance or control improvements



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