Video en Español: “Auditoría Interna: Una Carrera para Hoy, Una Carrera para Mañana”

Summary

The transcript discusses the crucial role of internal auditors in organizations, highlighting their responsibility in ensuring compliance, improving efficiency, and managing risks across various departments. Internal audit goes beyond financial controls, encompassing IT, operations, and customer service. The profession offers diverse career paths, requiring a blend of technical and soft skills like communication and critical thinking. With growing demand, especially for certified professionals, internal auditing provides a unique opportunity to gain comprehensive insights into business operations and corporate governance, making it a valuable career choice.

Takeaways

• 🔍 Internal audit is crucial for improving company efficiency by identifying areas of improvement.
• 🤝 A good internal audit function helps companies achieve their business objectives and supports management rather than acting as an adversary.
• 📊 Auditors are responsible for evaluating financial controls, IT systems, customer services, and operations, not just financial processes.
• ⚖️ Internal audit is a risk-based function, prioritizing areas with the greatest risks to ensure proper mitigation.
• 🛠️ Internal auditors interact with various company departments, such as HR, marketing, sales, and operations, to ensure compliance and efficiency.
• 🎓 Internal auditors need a diverse skill set, including accounting, IT knowledge, communication, leadership, and critical thinking.
• 🌐 Certification, such as the Certified Internal Auditor (CIA) designation, is often required for advancement in the profession, especially in large firms.
• 🚀 Internal audit is a valuable career starting point, offering insights into business operations and opportunities to transition into different areas.
• 🏅 Internal auditors can have diverse educational backgrounds, with employers seeking candidates from various fields like accounting, IT, and even physics.
• 💼 There is a high demand for internal auditors due to the critical role they play in mitigating risks, making it a promising and stable career path.

Q & A

What role does internal auditing play in organizations?

Internal auditing plays a critical role in corporate governance and oversight by ensuring that processes are followed, identifying risks, and suggesting improvements to make the organization more efficient.

How do internal auditors contribute to a company's efficiency?

Internal auditors assess various processes, think outside the box, and find ways to improve operations by providing recommendations on risk mitigation, resource allocation, and process optimization.

What is the misconception about internal auditing and its scope?

A common misconception is that internal auditing is focused solely on financial processes. In reality, it encompasses all organizational processes, including IT, operations, customer service, and compliance with regulations.

What qualities are necessary to become a successful internal auditor?

Successful internal auditors should possess qualities like independence, initiative, competence, strong communication, critical thinking, leadership, objectivity, and strong organizational skills.

What educational background and skills are required for internal auditors?

Many internal auditors have accounting or finance backgrounds, but employers increasingly seek candidates with diverse expertise, such as technology or industry-specific knowledge. Good communication and IT skills are also crucial.

Why is certification important in the internal auditing profession?

Certification, such as the Certified Internal Auditor (CIA) designation, is essential for career advancement in internal auditing. It is recognized globally and demonstrates a professional's ability to adhere to international standards.

What career paths are available to internal auditors within an organization?

Internal auditors can advance within the internal audit department or move into leadership roles in other departments, depending on their skills and interests. It is a versatile career that provides exposure to many aspects of a business.

Why is internal auditing considered a strong foundation for a business career?

Internal auditing offers exposure to various business processes and risks, providing a comprehensive understanding of how organizations operate. It can be a stepping stone to leadership positions and broader business roles.

What is the current demand for internal auditors in the job market?

There is a high demand for internal auditors, especially for entry-level and mid-career positions. Despite economic challenges, the need for internal auditors remains strong due to their role in risk management and compliance.

Why should young professionals consider a career in internal auditing?

Young professionals should consider internal auditing because it provides a broad learning experience across different business areas, helps develop critical skills, and offers significant career growth opportunities.

Outlines

00:00

🔍 The Importance of Internal Auditing in Corporate Governance

This paragraph highlights the role of internal audit in corporate governance, focusing on its ability to improve organizational efficiency. Internal auditors are seen as allies who help businesses achieve their objectives by thinking outside the box. While internal audit is often associated with financial oversight, it extends into various processes, from technology to operations and customer service. Internal auditors help identify and mitigate risks, ensuring compliance with union contracts and regulatory standards.

05:02

🚀 Diverse Pathways and Skills for Internal Auditors

This section discusses the varied career paths for internal auditors, emphasizing the importance of diverse backgrounds, including IT and systems knowledge, not just accounting or finance. Companies seek auditors with a wide range of skills, from leadership to communication. Advanced certifications, like Certified Internal Auditor (CIA), are highly valued, with many internal auditors holding certifications. The profession offers opportunities to move into leadership roles within auditing or other departments.

🎯 Internal Auditing as a Springboard for a Career in Business

This paragraph promotes internal auditing as an excellent way to start a business career. Internal auditors gain broad exposure to different facets of an organization, providing them with transferable skills in risk management, governance, and control processes. Universities are increasingly offering specialized audit programs, helping students prepare for this career. The high demand for auditors, even during economic downturns, makes it a stable career choice with significant growth potential.

Keywords

💡Internal Audit

Internal audit is a function within an organization that ensures processes, controls, and governance are effective and compliant with standards. It plays a critical role in improving company efficiency by assessing risks and identifying areas for improvement. In the video, internal audit is described as more than just financial oversight but as a holistic approach to governance, risk management, and operations.

💡Corporate Governance

Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. Internal audit supports corporate governance by providing oversight and ensuring that management follows the company's policies and regulatory requirements. The video emphasizes how auditors help management achieve business objectives and maintain compliance.

💡Risk-based Function

A risk-based function means focusing on areas within a company where risks are most significant. Internal audit allocates resources to assess and mitigate high-risk areas. The video highlights that internal auditors prioritize evaluating where risks are greatest to provide assurance that these risks are properly addressed.

💡Efficiency

Efficiency in this context refers to improving business operations and processes to achieve better performance and cost-effectiveness. The video mentions that a good internal audit function aims to find ways to enhance the company's overall efficiency by identifying areas where operations can be streamlined or improved.

💡Compliance

Compliance refers to adhering to laws, regulations, and company policies. Internal auditors ensure that a company remains compliant with external and internal rules, such as regulatory requirements and union contracts. The video discusses how internal audit checks compliance in areas like FAA regulations and labor agreements, ensuring the company avoids legal and financial risks.

💡Critical Thinking

Critical thinking is the ability to analyze facts and come to a reasoned decision. In internal auditing, critical thinking is essential for evaluating risks, processes, and controls objectively. The video points out that a good internal auditor must possess critical thinking skills to identify and address business challenges effectively.

💡Technology

Technology plays a key role in modern internal auditing by enabling auditors to assess information systems and operational processes. The video notes that auditors need a good understanding of IT and how technology impacts business operations, as they are tasked with evaluating technology controls and ensuring they are aligned with the company's goals.

💡Certification

Certification refers to obtaining professional qualifications that demonstrate expertise in a particular field. In internal auditing, certifications like the Certified Internal Auditor (CIA) designation are highly valued. The video explains that most internal auditors hold certifications and that these credentials are crucial for career advancement within the auditing profession.

💡Consultative Skills

Consultative skills involve the ability to offer expert advice and support to management. Internal auditors must go beyond identifying problems; they must provide guidance on improving processes and mitigating risks. The video emphasizes that auditors should be seen as trusted allies who help management achieve business objectives, not just as fault-finders.

💡Business Understanding

Business understanding refers to having a deep knowledge of an organization's processes, culture, and goals. Internal auditors must grasp how the business operates to provide meaningful insights. The video highlights that auditors need to understand the organization's culture, systems, and processes to ensure the company succeeds in its strategic objectives.

Highlights

Internal audit plays a critical role in corporate governance and oversight, making the company more efficient.

Internal auditors are trusted allies to management, helping achieve business objectives rather than just finding faults.

Internal audit is a risk-based function that focuses on the most significant risks and ensures they are properly mitigated.

Internal auditors do not only evaluate financial processes but are involved in assessing all company operations.

Internal audit offers exposure to various departments like HR, marketing, operations, and sales, providing a holistic business view.

Internal auditors need diverse skills, including passion, independence, communication, leadership, and critical thinking.

Employers value internal auditors with diverse educational backgrounds, not just those from finance or accounting.

Many internal auditors hold certifications like Certified Internal Auditor (CIA), which is essential for career advancement.

Internal audit offers a wide range of career opportunities, both within and outside the audit department, leading to senior management roles.

A career in internal audit provides a unique opportunity to understand organizations holistically, making it an excellent entry into the c-suite.

Universities are increasingly offering specialized programs in internal auditing, reflecting the profession's growing demand.

There is a significant shortage of internal auditors, especially those with three to five years of experience, making the job market favorable.

Internal audit is not recession-proof, but demand for auditors remains high, even in challenging economic times.

Internal audit is a profession that offers job stability, as organizations will always need skilled auditors to manage risks.

Pursuing a career in internal audit provides valuable skills in risk management and controls, applicable across various business sectors.

Transcripts

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complain una función clay vie en el

éxito de sus organizaciones a level

where ian al azhar como Sarrazin Pina

Colada part amento a good internal audit

function will actually come up with with

ways to make the company more efficient

internal audit plays a critical role in

corporate governance and in oversight

they make sure that everything is being

followed and they may think outside of

the box because they're not typically

following those processes on a daily

basis

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sin animo delacro públicas oprah badas

los auditory center nose estan en

primera Fila you want to be seen as a

trusted ally not as an adversary there

to find fault but really there to help

management achieve the business

objective very there to help them

succeed it's a way to improve improve

how our company operates la mayoría sabe

que nos auditories sono responsibles

devalue our control s financiero x' pero

también a valuing tecnología de la

información operaciones servicios al

cliente yeah you'd on a ladder XE on a

encontrar formas para mejorar la SOPA

raciones en todos who suspect owes

people frequently think that it's

related to financial processes but it's

absolutely not it goes into all

processes it's just a matter of

understanding the balance of governance

and business and compliance and legal

internal audit is a risk based function

meaning that we're out there assessing

where the risks are the greatest and

dedicating our scarce resources to try

to help management have some assurance

that those risks are properly mitigated

do you get to see human resources

marketing sales operations there are a

lot of different aspects of our company

that happen operations wise we have a we

have a whole cargo facility that most

people don't even know about we have

lots of FAA compliance regulations that

we need to make sure

or keeping up with and then of course we

have our unions I need to make sure

we're complying with union contracts and

then we have our just our commitment to

customer service and so we're looking at

all of those making sure that we're up

to the goals that we set for ourselves

it's an all-encompassing role that we

have to play no Sol de Torres sexy todos

passe un gran intend amento del negocio

en tiendas la cultura los East Emma's in

loss processes que hacen que una

organización sexy Tosa

still to make a good internal auditor or

passion independence initiative

competence being able to build

relationships presentation skills

communication skills leadership critical

thinking objectivity and I would say

process and organizational skills ellos

auditory Center knows Quentin Conde

versus tipos de formación many different

degrees can lead to success and internal

audit but many of those accounting

skills are important it shouldn't be

minimized but we also need those

consultative and softer skills we need

internal auditors to have a good

understanding of IT and good

communication skills what I find that a

lot of employers are looking for is

they're looking for people that have

diverse backgrounds and not just a

straight accounting backgrounds so they

the employers themselves kind of set the

stage for getting people that may be a

particular industry expert keys may be a

particular functional expertise and

being able to pick and choose candidates

that have diverse backgrounds we have

some that came off of campus who have

either accounting or finance backgrounds

have an individual who has more of a

systems oriented background you know

focus on technology we have somebody who

is actually I think it's a physics PhD

again very very different la mayoría de

los al de Torres inter knows tienen al

menos una graduation universitaria pero

cada vez más esta no teniendo

grabaciones mess avanzada z-- y muchos

anos tenido SU certification n auditoria

interna del y yah lo que llamamos

certificado

SE e r9

7% of our people in fact I have one type

of certification or another and most big

for companies you're going to need a

certification to make it to management

and certainly to make it to leadership

and partnership certified internal

auditor designation is recognized

worldwide as a symbol that an individual

does have the acumen to undertake

internal auditing in accordance with a

set of global standards la Carrera para

los auditories inter knows puede en de

versus direcciones algunos Subin

oppositions dentro del Departamento de

auditoría interna otro Saban's on hacia

función s de dirección dentro del

organization we have a lot of

individuals within our organization that

have been come clear auditors but we

also have more than 60 some people they

currently started and not any there are

in other areas of the company it's a

great way to come in and identify where

your strengths are your interests are

and you can go in variety of directions

based on your desires and skills I think

that internal audit is a great

profession to start your business career

it allows you an opportunity to see a

variety of things within an organization

and it can serve as an entree into the

c-suite really one of the biggest ways

we lose our auditors is from these other

divisions tapping them on the shoulder

and saying you're really great at what

you do come work for us actual mente el

interesting la profession de auditorio

interno esta haciendo algunas

universidades Annanagar Oddo plans de

studio specializes owes estan

participant o en el programa de

vacaciones italia interna del te de

perón que su escuela no formal parte de

este problema sus a sasori's de carreras

seguramente pod Rana you darle

identificar los cursos kelly beneficiary

NS Topacio non t Carrera am often asked

by young people about why they should

pursue career neutral

and my answer is typically that it's

going to give you a tremendous

opportunity to learn about organizations

to learn about risks learn about

controls these are skills that you can

leverage no matter where you go in your

career and no matter what part of an

organization you eventually work at sue

steady stay interesado en seguir la

carrera de auditoria interna lo primero

que debe hacer es hablar con su assessor

de carrera o jefe de departamento su

capital o local del instituto de

auditory center nose también podría

darle a connect our con auditories

profesionales capo DRA gnosis or our

blaze según su experiencia en la vida al

as much as the economy has channels been

challenged over the last few years the

good positions there's still an absolute

war for talent for those people who have

the technical and soft skills and

analytical skills to compete right now

we're in a period of severe shortage of

candidates for the demand for internal

auditors both at the entry level staff

positions along with the three to

five-year audit senior kind of positions

I'm not gonna say it's recessionary

proof but you always need auditors and

we always want you know to make sure

that you know we don't have a whole lot

of risk that we have the controls around

that so it seems to be that you know

another part of the bank or another part

of the industry may stop hiring but we

are still recruiting for those internal

auditors the long run I very bullish

it's really something that every

organization internal auditing is a

remarkable career path and I would

encourage anyone who's interested in

learning as much as they can about an

enterprise or about the business in

general to take it up pursue it it's a

wonderful life it really is as long as

your passion behind