Diploma in Internal Auditing | WSU

1. Internal Auditor

• Job Description: Internal Auditors evaluate a company’s internal controls, financial records, and operational procedures to ensure accuracy, compliance, and efficiency.
• Type of Work: Reviewing financial statements, conducting risk assessments, recommending improvements, and ensuring compliance with regulatory standards.
• Industries/Sectors: Banking, insurance, manufacturing, government, and healthcare.

2. Compliance Officer

• Job Description: Compliance Officers ensure that companies adhere to internal policies, regulatory requirements, and legal standards.
• Type of Work: Monitoring and auditing company practices, developing compliance programs, conducting audits, and staying updated on legal regulations.
• Industries/Sectors: Financial services, healthcare, telecommunications, government, and retail.

3. Risk Management Officer

• Job Description: Risk Management Officers identify, assess, and mitigate risks that could negatively impact a company’s operations, financial performance, or reputation.
• Type of Work: Analyzing risk factors, conducting risk assessments, creating risk management strategies, and working with internal audit teams to prevent and mitigate potential risks.
• Industries/Sectors: Finance, insurance, manufacturing, consulting firms, and energy sectors.

4. Forensic Auditor

• Job Description: Forensic Auditors investigate financial discrepancies, fraud, and irregularities within an organization and assist in legal proceedings if necessary.
• Type of Work: Investigating financial records, identifying instances of fraud or financial misconduct, gathering evidence for legal cases, and preparing detailed reports.
• Industries/Sectors: Law enforcement, financial institutions, government, accounting firms, and corporations.

5. External Auditor

• Job Description: External Auditors, though similar to internal auditors, work independently of the organization they audit, ensuring that financial statements are accurate and comply with accounting standards.
• Type of Work: Performing financial audits, reviewing financial records, assessing financial controls, and issuing audit reports for stakeholders.
• Industries/Sectors: Public accounting firms, government regulatory agencies, financial services, and large corporations.