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Assignment: Career Research

   

Added on  2020-12-31

8 Pages2272 Words474 Views
Career research

INTRODUCTIONA career considers as metaphorical journey of an individual by learning, work andanother aspect of their life. When selecting a career path, it is necessary to carry out extensiveresearch to evaluate which type of job and profession is the best for an individual (Dlouhy andBiemann, 2015). In this context, performing career research can help an individual to weigh allthe factors and option to effectively make an informed decision. The main aim of this report is todemonstrate an awareness of the knowledge, skills and experience that required by a recentgraduate to pursue to be an internal auditor in financial industry. In this the main focus of thisreport is on financial industry i.e. Ernst & Young is a multinational professional service inLondon in profession on internal auditor.ANALYSIS AND APPLICATION The main purpose of this section is to determine the findings from the internal auditor infinancial industry. Mainly, it includes both primary and secondary research to determine the keytrends in finance and the skills, knowledge and experience that required by recent graduate topossess in E&Y financial industry. With the assistance of this, individual can easily explore theopportunities in this specific area. General trends which will impact on internal auditorInternal auditor is an independent, objective assurance and consulting activity designed toimplement as well as add values with the aim of improving entire operations activities of thebusiness organization. In addition of this, internal auditor plays a significant role in managing aswell as controlling internal auditing activities that directly contribute in reducing the chances ofarising any kind of finance related issue within the business organization. Along with this, themain role of internal auditor in financial industry is to accomplish organization activities bybringing a systematic and disciplined approach in order to improve the overall effectiveness ofthe risk management (Kelly, Lesh and Baek, 2014). In this of this employment events andseminars, interviews also help individuals to gather primary data towards their careers. With theassistance of this, individual can easily identify their career growth as per their skills, knowledgeand experiences. This will directly contribute in making entire operations activities appropriateand effective as well. In this context there are some general trends that directly impact on theinternal auditor are as follows:1

Checking the accounting records: Under this, internal auditor had the task of effectivelyrecords and checking records to analysis whether it was correct or not. In this, indicator isresponsible for measuring the overall activities of internal audit was determined by thewrong identified accounting records. Due to increasing demand of the internal auditors itdirectly impacting on the job activities. As this type trend influence the internal auditorsto analysis the actual facts and issues that arise within financial activities.Evaluation of conformity: In this, internal auditor used to evaluate the extent in whichparties complied with the process of financial by using checklists at the time ofperforming mission within the financial department (Matthews, Lodge and Bosanquet,2014). This trend play a significant role in internal auditor job. As a internal auditor,individuals get positively affected because they improve their skills at the time ofanalysing the financial activities and process within the company. Examination of procedures: In this, the main role of internal auditor is to examine thedocuments, check records, determination of the issues and also formulate all theimportant recommendations to reduce the chances of eliminate the reason that led to theissues within the financial department. Furthermore, internal auditor would determineproblem that arise due to lack of clarity of procedures in order to proposing solution toeffectively improve it. Thus, opinion and views of internal auditor is helpful for themanagement through opening of new horizons in the interpretation. This type of trendnegatively impact on the job activities of internal auditors as they getting bored with thisaspects. This will negatively impact on their activities and also create issue within thefinancial activities. All these are the major trends that directly impact on the internal auditor in financialdepartment. Thus, they need to analyse as well as evaluate all the changes within the industrywhich may aid in enhancing the chances of attaining effective and positive results. For example,Globalisation and current technological trends are also directly affect the internal auditor becausetechnology is driving various changes thus it is critical that the internal auditor keep all thechanges and its proactive. The is because that it used to understanding how new technology andtrends can transform the audit approach. It helps internal auditor to maximize the opportunities infuture for their job activities within the financial industry. Furthermore, upgrading auditinfrastructure and technological advancement is also a major requirement that related with2

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