What is an Internal Auditor, What Does He Do, How to Become? Internal Auditor Salaries 2022

What is an Internal Auditor What Does It Do How to Become Internal Auditor Salaries
What is an Internal Auditor, What Does He Do, How to Become Internal Auditor Salaries 2022

The internal auditor monitors and evaluates whether the risk management and internal functioning processes of private companies or public institutions are working effectively.

What Does an Internal Auditor Do, What Are His Duties?

The responsibilities of the internal auditor, whose job description varies depending on the institution he works for, are as follows;

  • Examining reports, statements and records to obtain information about the institution,
  • Supervising the company's compliance with all applicable regulations,
  • Making risk assessments on important business activities,
  • Investigating how well risk management processes are working,
  • Advising on risk avoidance measures and cost savings,
  • Analyzing how the company will perform in case of business interruption,
  • Support management on how to handle new opportunities.
  • Evaluate accounting documents, reports, data and flow charts,
  • Preparing and presenting reports reflecting the audit results,
  • Advice to ensure validity, legality and targeted success,
  • Maintaining communication with the management and audit committee,
  • Providing guidance to managers and staff at all levels by organizing training sessions,
  • Determine the scope of internal audit and develop annual plans.

How to Become an Internal Auditor?

There are no set educational requirements to become an internal auditor. Companies expect candidates to graduate from different undergraduate programs depending on the industry they are active in. In order to have the title of internal auditor, it is necessary to have the Certified Internal Auditor (CIA) certificate issued by the Internal Audit Institute of Turkey. In order to work as an internal auditor in public institutions, there is an obligation to fulfill the conditions determined by the Internal Audit Coordination Directorate of the Ministry of Finance. Persons who want to be an Internal Auditor must have certain qualifications;

  • To have a command of the internal functioning of the institution it serves,
  • Demonstrate the ability to use initiative
  • Ability to work effectively on one's own or as part of a team
  • Demonstrate strong written and verbal communication skills,
  • strong observation,
  • To have self-discipline.

Internal Auditor Salaries 2022

The lowest Internal Auditor salary in 2022 was determined as 6.800 TL, the average Internal Auditor salary was 9.800 TL, and the highest Internal Auditor salary was 16.400 TL.

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