Title: Graduates – Internal Audit or External Audit? | CareersinAudit.com
Headings: Graduates – Internal Audit or External Audit?
Sections
Graduates – Internal Audit or External Audit?
External Audit
Significance
Advantages
Internal Audit
Job Types
Entry-level Internal Auditors
Senior Internal Auditors
Internal Audit Managers
Chief Audit Executives (CAE)

Content: Additionally, their main function is to help top management in testing, planning, and executing internal audit activities. They are also tasked to monitor and examine the company’s system of internal controls. An internal auditor can expect to progress to management level after 8 years’ experience. Chief Audit Executives (CAE)
CAEs oversee the internal audit department. They manage and execute audit plans. They also direct and lead the whole audit term and report directly to the CEO of the organisation. For this position,10 years relevant experience is required. Additional audit seniority levels include Audit Senior Manager, Audit Head of Department, Audit Director, and Audit Managing Director, all of which differ at individual organisations. So while a Finance or Business educational background can lead to a career in either internal or external audit, the tasks and responsibilities differ for each profession. An analytical mind and critical thinking are interchangeably valuable, but the transient nature of external auditing means that soft skills, such as effective communication and socialism are more central to an internal auditor’s role.