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Career progression in the field of IC or IA ? What is the scope and how to progress? Is working in external audit better than internal?

IC = Internal Controls IA = Internal Audit What knowledge and skills should we gain for career progression in Internal Controls or Internal Audit. Of course Microsoft Excel and good English communication skills are required, what else especially in the area of knowledge and how to gain them. If internet, then where. please post any links that will be helpful.

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تم إضافة السؤال من قبل Roy Mathew , Assistant Finance Executive , Al Hadith Trading LLC
تاريخ النشر: 2013/07/19
Karim Hussein, QIA, CMA, CFC, CertIFR, CertIA
من قبل Karim Hussein, QIA, CMA, CFC, CertIFR, CertIA , Senior Manager - Internal Audit , Abyat

The Best way to be a good internal auditor is to improve your KSA:

Knowledge: by keep reading and updated with continues professional education and obtaining professional certificates (Cs). Also I'm recommending visiting the following website to download useful eBooks (WWW.BOOKFI.ORG)

Skills: Communication skills and Analytical skills are the most important skills to improve.

Abilities: MS Office - IT overall understanding - Awareness of Governing laws and regulations.

Nadeem Pervez
من قبل Nadeem Pervez , Manager Human Resources & Head of Department , Uch Power - GDF Suez Energy International

Career progression is the field of IC. This plays a vital role in any industry. Human asset is the key to control and progress of all businesses. Management should continuously review the career progression and keep track of the market strategies that may include but not limited to salary and benefits survey of the competitive industry and protect their staff from pouching.

Shazad Kazmi
من قبل Shazad Kazmi , Freelance Consultant , PI Partners

Audit and compliance department in today's world has become important functions. One should attach him / herself with academic courses with upto date refreshers and shall also try and become part of a foreign / MNC set up / Company.

Waqayan Al Waqayan
من قبل Waqayan Al Waqayan , Secretary of Sharia Supervisory Board (SSB) , Ahli United Bank (AUB)

Check www.theiia.org

Farhan uddin Khilji
من قبل Farhan uddin Khilji , Head of Internal Audit , ABV Rock Group Co. Ltd.

Regarding he2nd part of your question, yes, of course ! as you enjoy the feel of independence while at the same time following the international standards.

Geetesh kumar lalwani
من قبل Geetesh kumar lalwani , Assistant Manager Finance and Treasury , Mawared Energy

Internal Audit have their own value than external audit, it is observed that  in the end external auditor doing job of finance or  internal audit department , so if u take start with internal audit with then you will get whole company knowledge of  operations as well as financial and also work on both areas and third thing is in implementation of internal controls , internal auditor find weakness in internal controls and management is responsible for implementation of internal controls. 

iqra saif
من قبل iqra saif , MTO , Interloop Pakistan

under the supervision and suggestion of my senior i will learn about many things even i am fresh graduate

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