The number of certified internal auditors in South Africa is on the rise, but there is still a lot of confusion about what they do. Currently, there are 443 registered auditors in South Africa. In this blog post, we’ll take a look at what internal auditors do and why they are becoming more popular.
What do internal auditors do in South Africa?
Internal auditors are responsible for assessing and improving the internal controls of an organization. This includes things like financial controls, operational controls, and compliance with laws and regulations. Internal auditors help organizations to identify risks and make sure that they are controlled.
Why are internal auditors becoming popular in South Africa?
One of the reasons that internal auditors are becoming more popular is that the role is no longer limited to financial controls. With the increasing complexity of organizations, internal auditors are now being asked to assess a wide range of risks. This means that they must have a broad understanding of the organization and its operations.
Another reason for the increasing popularity of internal auditors is that they can provide an independent perspective. This is especially valuable in organizations where there is a lot of political infighting. By being independent, internal auditors can provide objective insights that can help to resolve disputes.
Finally, internal auditors are becoming more popular because they are seen as a valuable part of the governance of an organization. In many organizations, the board of directors is responsible for oversight, but they cannot be expected to have detailed knowledge of all aspects of the organization. Internal auditors can help to fill this gap by providing information and advice to the board.
So, if you’re thinking of becoming an internal auditor, take this article as a sign.
