Internal Audit

Institute of Cost Accountants of India (ICAI) offers Certificate Course on in Internal Audit. The course fee by ICAI for the Certificate course in Internal Audit is INR 25,000.

Companies such as Barclay Simpson, Deloitte, Apple, Muthoot Fincorp, Capgemini, PwD, Bank of England, Jaypee Hotels and Resorts, Vi, Oracle, VISA, Michael Page, etc. hire Internal Audit professionals.

Some of these colleges that offers Internal Audit course are:

Internal Audit is a lucrative and highly-rewarding career option. The salary packages of Internal Auditors are quite high and fancy. Moreover, Internal Audit is required by every organisation to ensure quality and integrity, hence, there is immense job security in this field.

 Internal Audit is the independent, objective assurance, proactive and consultative approach to evaluating a company's operations and internal controls. The External Adudit is often viewed as the check-the-box activity. The External Audit usually gives an opinion on the financial condition and risks of an organisation.

Although Chartered Accountancy and Internal Audit are both responsible for the accounting processes of an organisation, an auditor is essentially responsible for reviewing the work of the accountant as well as the rest of the business processes.

To have a career in Internal Audit field, one must hold a bachelor's or master's degree in Finance, Accounting or Business. After this, one can take the Certified Internal Audior (CIA) exam offered by Institute of Internal Auditors (IIA).

Internal Audit can be defined as the process that ensures the integrity of financial and accounting information. It is an independent, objective assurance process which is designed to improve the efficacy of an organisation's operations. In addition to ensuring the organisation's compliance of laws and regulations, internal audit also provides risk management and safeguards against frauds and potential threats.