TARGETjobs black logo
Internal audit graduate area of work

Internal audit: graduate area of work

Companies are exposed to external audit as a result of legal requirements to ensure that investors, such as shareholders, can see that the company is being run in an honest manner. Many companies employ internal auditing teams as well.

Tact and good questioning skills are an essential part of the job.

Internal auditing teams look closely at key areas of the business and report their findings to management; the information that they gather is used by senior management. Internal auditors can advise management if important areas of the business are being run in an inefficient, financially risky or even fraudulent way. Larger companies have their own internal audit teams but it is common for smaller companies to call in the skills of an organisation specialising in auditing work to carry this task out for them. Strict regulations exist to stamp out corporate fraud. The level of transparency necessary for the safe running of a company versus the reduction in cost-causing bureaucracy is a focus in this field, and any changes to regulations have important consequences for auditors.

Starting out

Graduates typically begin work in this field as audit assistants before moving on to more senior roles that cover larger areas of the business and tend to be more strategic. Degrees in business disciplines are looked at favourably for this role, as a successful auditor has to be able to see how the business as a whole functions in order to do their job properly. Other degree disciplines are also accepted as there are many other skills associated with this role.

Skills required

Auditors are involved with staff at all levels of the company and tact and good questioning skills are an essential part of the job. They need a good knowledge of how businesses are run and an ability to liaise and communicate effectively, sometimes in awkward situations. An eye for detail is an advantage, as well as the ability to see the bigger picture.

Supported by

This describes editorially independent and objective content, written and edited by the GTI content team, with which the organisation would like to be associated and has provided some funding in order to be so. Any external contributors featuring in the article are independent from the supporter organisation and contributions are in line with our non-advertorial policy.

Advertising feature by

This describes content that has been written and edited in close collaboration with the organisation, who has funded the feature; it is advertising. We are committed to upholding our ethical values of transparency and honesty when dealing with students and feel that this is the best way not to deceive consumers of our content. The content will be written by GTI editors, but the organisation will have had input into the messaging, provided knowledge and contributors and approved the content.

In Partnership

This content has been written or sourced by AGCAS, the Association of Graduate Careers Advisory Services, and edited by TARGETjobs as part of a content partnership. AGCAS provides impartial information and guidance resources for higher education student career development and graduate employment professionals.