One of the factors necessary for a company or organization to succeed is strong financial policies and procedures. Errors in accounting, for example, may lead to serious financial and legal consequences. The chief internal auditor is employed by an organization to analyze its operations and finances, ensuring there are no discrepancies, identifying issues that exist, and addressing those problems. They often work with accounting departments and other financial officers. The chief internal auditor is usually a high-level employee, often among the chief executives; however, they have a role distinct from others on that level and remain independent of most decision-making processes. The chief internal auditor may offer advice or counseling to upper management, but they generally not take an active role in implementing any changes.
Chief Internal Auditor Tasks
Oversee staff coordinating and implementing internal audits according to company procedures.
Enforce compliance with company policies for risk assessment and financial controls.
Develop strategies and procedures for carrying out internal audits.
Report audit results to senior management.