1220.0 - Australian Standard Classification of Occupations (ASCO) Second Edition, 1997

Contents >> 02 Structure & Definitions >> 2 Professionals >> 22 Business and Information Professionals >> 221 Accountants, Auditors and Corporate Treasurers >> 2212 Auditors >> 2212-13 Internal Auditor

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