Agreed! Hope all goes well in your career, thanks for watching and welcome to the channel!

What inexpensive online audit education and cert do you recommend ?

@AbundanceMagnett The practioner license through the IIA is only a few hundred dollars. They send you practice questions and resources, and also you take the test through them. Online or proxy.

I have not used any so I wouldnt be able to say @@AbundanceMagnett

Welcome fellow auditor! Glad you enjoyed, thanks for watching and welcome to the channel!

Thanks for watching, welcome to the channel!

Thanks, glad you enjoyed! Welcome to the channel!

Agreed! Thanks for watching and welcome to the channel!

Thanks for watching! Typically after a audit you have a week or two before you jump onto a other project. I would usually go on to another audit, issue validation or some other type of ad hoc work. Welcome to the channel!

Lol agreed, I usually go way lower but I was filming and wanted some footage quickly before the gym got packed

With a four year business degree you should be able to get a entry level audit position just fine. I would also recommend if that’s what you want to do, try to get a internship somewhere in college.

So the regulation is broken down into provisions, so I’m not readying everything at once I usually focus on a few provisions at a time ( so breaking it up into pieces is a good strategy). And this kind of goes into your next question, the audit is scoped out so you typically determine what areas you will be focusing on at the beginning of the audit so the work you will be doing is focused. Thanks for watching and welcome to the channel!

Hi Iwaz, thanks for watching and welcome to the channel! Yes, big four is ideal, it gets you use to heavy workload and exposure to different sectors with the audit space. I started off at PwC, it was good experience.

Not really, but it’s typically the path people take. They go to a big 4 to develop a good work ethic( since it’s a lot of workload) then they transition into a internal audit position. But I’ve seen people go straight to a internal audit position. Just preference. Welcome to the channel!

Is workload and pressure in internal audit in big4 better than external audit? Im currently in big4 ext audit and Im thinking about moving to internal audit. Need guidance.

So for external audit you get some good experience as far as knowing how to take on a big work load, and working crazy hours. But some of the main draw backs from external is that (1) not much work life balance (because of workload and crazy hours (2) you are consistently hopping from engagement(audit) to engagement so you never get a true feel for the company you are actually auditing ( this could be good in the beginning because people want to experience different things, but typically later on people want to lock-in into one industry so they can better understand their work), (3) in external audit (this is not true %100 of the time) but you typically work on a piece of the audit so you don’t really get a feel of how it is to work a audit from planning to reporting. So yea those are some of the main “draw backs” I put in quotation because depending on where you are at in your career you can see as a drawback or advantage. And I would say internal audit would offer more of a work life balance, a more focused agenda for your work, and more exposure to completing a audit from top to bottom. Thanks for watching and welcome to the channel!

​@@financialnutrition hey, and what's the salary difference? I suppose that due to longer work hours external auditors have better salaries, but is that difference significant?

I found it actually to be the opposite, I make more in internal audit. I think it depends on the company though. But generally since external audit you usually clock in so many hours they hire more people to do work thus less in salary. But I know people that make the same amount in external audit. As far as salary range could be anywhere from 80k-130k for like senior to manager positions. Then obviously there are some outliers. Thanks for watching,and welcome to the channel!

@@financialnutrition thanks for replying! And you work in the US, right?

Yes!

Internal Audit doesn’t deal with only deal financials, actually the position I’m in I rarely deal with financials. Just depends on what you’re auditing, you can audit a bunch of sectors.

Hi! Depending on the company they may not require a business degree if you have good relatable experience ( contract review and quarterly reporting seem like good experience). If I had your experience I would looks for audit jobs that pertain to contract reviews/ quarterly reporting, maybe a audit job that has to do what leasing of some type (just an example). Also, I think if you got your your CPA that would also help land a audit job. Thanks for watching, and welcome to the channel!

So you can get into internal audit typically with the core business degrees (finance, accounting, business administration). Now when you get a job as internal auditor, there’s a bunch of different sectors you can get into( I’m in consumer compliance, but you can get into something else like anti money laundering, credit risk,etc ) just depends on the company and how many departments they audit. Thanks for watching, and welcome to the channel!

Welcome to the channel! Thanks for watching! My name on LinkedIn is David Holliday (2 L’s for Holliday). And role is AVP Senior Auditor Regulation Compliance

Barclays is a well known bank so I don’t see why not. I’ve never worked for them, so can’t really speak to the culture there but yea they are pretty well known.

@@financialnutrition Okay thanks it’s a higher internal audit apprenticeship

Oh cool should be good experience

Hi! Welcome to the channel! theiia.org is a general place to start. But with an accounting degree and experience as a retail manager you should be able to get a entry level audit position at most firms. And typically in those entry level positions if you let them know your desire is to get your CIA they’ll typically help you pay for it which is a plus. Hope that helps!

Also just saw your last sentence, there should be fully remote positions you can apply for I would suggest getting on LinkedIn

So only route is certification through audit firms? I really hoped to get it through another industry. I don't particularly have a liking for audit firms or Audit industry . But the work is what interests me. But thanks brother thanks for replying.

Np! Then I would check out the theiia.org you maybe able to test for the certification directly, I was just saying that I know audit positions help pay for those types of certs, so if that interested you that would be the way to go, if you can just get the cert directly.

No lol but it definitely helps me feel organized and start my day

Yes haha pretty much!

Definitely a good position to help build on your aspirations! Welcome to the channel, thanks for watching!

Thanks! Accepted!

No I am not.

Hi , won’t let me post link, but try spelling my last name with 2 Ls “Holliday” and under consumer compliance should pop up then. Or feel free to ask questions here!

@@financialnutrition Will have another look now.

@financialnutrition I'm currently 18 and looking for apprenticeships when i stumbled on this job title just a few hours ago and found it interesting. I was wondering on the best way to learn more about it as a whole and prepare myself beforehand if I were to work in this sector?

So, to become a auditor (internal or external) basically internal you work for the company you audit and external you audit companies you don’t work for, you would start by getting some type of business degree ( finance, accounting, general business, I’ve even seen marketing majors get into auditing just depends on where you apply). Prior to your degree you may want to look for internships in your area to get yourself acclimated to the position, that’s pretty much what’s needed to get started. And then watching videos from people to see different perspectives on the role on KZfaq or anywhere else.

@financialnutrition OK yeah. I currently achieved a B in my A levels for Business management for finance and marketing but would you say its essential to get a degree or it wouldn't really matter.