Hire Internal Auditors

The qualifications depend on your company’s needs, but key credentials include a Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Certified Information Systems Auditor (CISA). These certifications demonstrate expertise in internal control, governance, and risk management.

Relevant experience in auditing processes, compliance regulations, financial analysis, and operational assessments is critical. At 1840 & Company, we prioritize candidates with proven experience and industry-recognized certifications to ensure they meet the rigorous standards of the role.

Yes, internal auditors are instrumental in ensuring your business is prepared for external audits. They play a crucial role in conducting comprehensive pre-audit assessments, which help identify potential issues early on.

This includes reviewing financial records, internal controls, and compliance with applicable regulations. By evaluating processes, internal auditors can pinpoint any gaps in compliance or discrepancies in financial reporting that could cause complications during an external audit.

They also help verify the accuracy of financial records, ensuring that all documents are complete and properly formatted before the external audit team reviews them. Internal auditors often recommend corrective actions to address any deficiencies, whether that involves updating documentation, strengthening internal controls, or aligning practices with industry standards.

By identifying and resolving issues ahead of time, internal auditors reduce the risk of penalties, fines, or delays that could occur if problems are discovered during the external audit.

We pair you with auditors who have extensive experience in conducting specialized internal audits that go beyond standard financial reviews.

Their expertise spans a range of critical areas, including IT audits, ESG (Environmental, Social, and Governance) audits, fraud investigations, and compliance audits that align with stringent regulatory frameworks such as SOX (Sarbanes-Oxley Act) and GDPR (General Data Protection Regulation).

Each auditor’s skill set is carefully matched to meet the specific needs of the industry they serve. Whether your organization operates in manufacturing, finance, healthcare, or technology, our auditors have the depth of knowledge and practical experience required to address the complexities and nuances unique to your sector.

In cases involving fraud investigations, our auditors are trained to uncover irregularities, identify weaknesses in internal controls, and provide actionable recommendations to prevent future occurrences. For organizations navigating compliance challenges, our auditors are proficient in aligning internal processes with evolving regulations, ensuring your company meets legal and industry standards.

Your company should look at hiring an internal auditor when it handles complex operations, manages substantial financial transactions, or faces regulatory scrutiny. Internal auditors play a key role in identifying potential risks, improving operational efficiency, and strengthening compliance with industry regulations.

Whether you're seeking to enhance your company's internal controls, mitigate financial or operational risks, or ensure compliance with ever-changing regulations, hiring an internal auditor is a strategic move that can provide invaluable support.

Companies scaling rapidly or entering new markets also greatly benefit from internal audit outsourcing. As your business grows, it becomes increasingly important to maintain robust risk management practices and ensure the proper controls are in place. Internal auditors help ensure your organization remains on track, preventing issues before they arise and keeping you compliant as you navigate new challenges.

The decision comes down to the volume and type of audit work required. A full-time auditor is ideal for companies that need continuous oversight of processes, controls, and risk management, especially in regulated industries where compliance is a top priority. Having a dedicated internal auditor on staff ensures that the company can maintain ongoing monitoring and address any issues promptly.

On the other hand, outsourcing can be a flexible and cost-effective solution for companies that need periodic internal audits, specialized expertise, or additional support during peak times. This approach allows businesses to tap into highly skilled auditors for specific projects or to cover gaps when internal resources are stretched.

Outsourcing is particularly beneficial for companies looking for expert advice without the long-term commitment of a full-time hire. At 1840 & Company, we offer both options, providing customized solutions that help you strike the right balance between quality, cost, and the needs of your business.

Internal auditors should have experience with audit-specific software like ACL, IDEA, or TeamMate, which are designed to streamline the audit process, analyze large volumes of data, and ensure accurate reporting. These tools enable auditors to identify trends, detect anomalies, and efficiently assess compliance across various processes.

In addition to specialized audit software, proficiency in general-purpose data analytics tools such as Excel, Tableau, or Power BI is important for performing complex data analysis and visualizing audit findings in an accessible manner.

Familiarity with enterprise resource planning (ERP) systems like SAP or Oracle is also highly valuable. These systems are widely used for financial and operational audits, as they integrate various business functions such as accounting, procurement, and inventory management.