Internal Auditor Goals and Objectives Examples
Conduct an internal audit of all financial transactions for the year.
Ensure compliance with all regulatory requirements and guidelines.
Review and assess the effectiveness of internal controls.
Identify areas of potential risk and recommend appropriate measures to mitigate them.
Monitor the implementation of recommendations made from previous audits.
Advise management on best practices in internal controls and risk management.
Develop and maintain a comprehensive audit plan.
Ensure the timely completion of audits as per the audit plan.
Maintain accurate and complete audit documentation.
Present audit findings to management and provide recommendations for improvement.
Follow up on the implementation of audit recommendations.
Analyze and report on trends in audit findings.
Assess compliance with industry standards and regulations.
Evaluate accuracy and completeness of financial statements.
Verify that company policies and procedures are being followed.
Assess the reliability and accuracy of data systems and controls.
Be aware of emerging risks or changes in regulations that could impact the organization.
Monitor the effectiveness of fraud prevention and detection programs.
Recommend improvements to accounting and reporting processes.
Provide training to staff on internal control principles and practices.
Maintain confidentiality of all sensitive information obtained during audits.
Foster good working relationships with all stakeholders, including senior management, audit committees, external auditors, and regulators.
Contribute to the development of departmental policies and procedures.
Collaborate with other departments to address cross-functional issues.
Stay current on changes in auditing standards and regulations.
Coordinate with external auditors to provide requested information and support.
Evaluate the effectiveness of IT controls to safeguard organizational data.
Ensure the reliability of financial reporting by verifying data accuracy and completeness.
Evaluate the accuracy of inventory records and stock counts.
Verify compliance with environmental and health regulations.
Assess compliance with HR policies and procedures.
Evaluate compliance with procurement policies and procedures.
Verify that insurance policies adequately cover organizational risks.
Monitor adherence to performance metrics and KPIs.
Test business continuity plans to ensure they are effective.
Evaluate adherence to safety standards and procedures.
Verify compliance with anti-money laundering laws and regulations.
Verify compliance with anti-bribery laws and regulations.
Evaluate cybersecurity risks and controls.
Confirm that physical assets are properly insured against loss or damage.
Evaluate compliance with data privacy laws and regulations.
Assess compliance with social responsibility policies and practices.
Determine whether expenses are properly authorized and recorded.
Verify adherence to ethical standards across the organization.
Evaluate adherence to corporate governance principles.
Monitor vendor risk management practices for third-party vendors.
Verify that contracts are properly executed and adhere to legal requirements.
Evaluate adherence to quality assurance standards.
Verify compliance with tax laws and regulations.
Assess compliance with export control laws and regulations.
Confirm adherence to anti-fraud policies and procedures.
Review compliance with safety standards for manufacturing processes.
Evaluate adherence to sustainability policies and practices.
Verify compliance with fair competition laws and regulations.
Determine whether employee benefits are properly administered and recorded.
Assess compliance with workplace safety regulations.
Confirm adherence to policies governing political contributions or lobbying activities.
Evaluate adherence to anti-discrimination policies and equal opportunity laws.
Verify that appropriate documentation is maintained for all transactions.
Assess adherence to conflict of interest policies and procedures.
Confirm adherence to intellectual property rights laws.
Evaluate adherence to export/import restrictions.
Assess compliance with investment policies and procedures.
Confirm adherence to employee code of conduct.
Verify adherence to gift giving/receiving policies.
Evaluate adherence to lobbying disclosure requirements.
Verify observance of required permits/licenses prior to conducting business operations.
Assess compliance with local, state, national, international laws-regulations-ordinances.
Evaluate adherence to customer data privacy laws/safeguards.
Verify protection of confidential/sensitive information.
Ensure data security protocols are adhered too.
Evaluate supply chain risks for fair labor practices.
Assess environmental impact risks across operations.
Confirm functionality of whistle blowing/hotline mechanism as a channel for employee concerns.
Evaluate adherence to diversity equity inclusion policies-practices.
Verify staff licensure/certification credentials.
Ensure audit team complies with local state national licensing requirements.
Evaluate quality control system/processes within internal audit department.
Confirm independence/autonomy is maintained when conducting audits.