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Internal audit internship skills for your resume and career

Updated January 8, 2025
4 min read
Internal audit internship example skills
Below we've compiled a list of the most critical internal audit internship skills. We ranked the top skills for internal audit interns based on the percentage of resumes they appeared on. For example, 21.9% of internal audit internship resumes contained internal audit as a skill. Continue reading to find out what skills an internal audit internship needs to be successful in the workplace.

15 internal audit internship skills for your resume and career

1. Internal Audit

Internal audit is an evaluation process that ensures that a company's risk management, governing body, and other internal processes are running effectively. People who perform internal audits must be highly qualified, have experience, and knowledge to work accordingly with the international standards and the code of ethics.

Here's how internal audit interns use internal audit:
  • Developed bi-weekly dashboard metrics emphasizing efficiency and audit plan status for Internal Audit Services department to present to Audit Committee.
  • Worked on an internal audit of a major electronics manufacturing company creating flowcharts, interviewing clients, and completing documentation.

2. Data Analytics

Here's how internal audit interns use data analytics:
  • Examined benefits of data analytics for charitable organizations to improve operations.
  • Performed data analytics on confidential files.

3. SOX

Here's how internal audit interns use sox:
  • Reviewed management's SOX testing, identified exceptions and communicated to management.
  • Gathered audit evidence/supporting documentation for the SOX compliance audit.

4. Patients

Here's how internal audit interns use patients:
  • Evaluated and identified medication problems to formulate clinical solutions and provide care for patients in a medical intensive care unit setting.
  • Participated in outpatient clinic procedures by taking patient history, examining patients and making case presentations to supervisor.

5. Sarbanes-Oxley

The Sarbanes-Oxley Act (or SOX Act) is a U.S. government law that expects to secure financial backers by making corporate divulgences more solid and transparent. The Act was created as a result of bookkeeping errors.

Here's how internal audit interns use sarbanes-oxley:
  • Prepared audit work papers and performed detail testing for key control processes identified by senior management for Sarbanes-Oxley 404 documentation.
  • Tested Sarbanes-Oxley controls for institutional billing, wholesaler incentive compensation, retail managed account revenue, and journal entry processing.

6. Risk Management

Risk management is the method of recognizing, evaluating, and managing risks to an organization's resources and profits. Financial insecurity, regulatory liability, strategic management mistakes, incidents, and natural hazards are just some of the challenges or dangers that could arise. For digitalized businesses, IT security vulnerabilities and data-related threats, as well as risk management techniques to mitigate them, have become top priorities.

Here's how internal audit interns use risk management:
  • Evaluated and provided insight regarding the effectiveness of risk management, control, and management systems
  • Reviewed corporate risk management policies and procedures and provided improvement suggestions to Management.

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7. Audit Reports

Here's how internal audit interns use audit reports:
  • Communicated audit results and alternatives with upper management via audit reports and presentations
  • Updated and presented company audit reports monthly to supervisors and managerial staff.

8. Audit Procedures

Here's how internal audit interns use audit procedures:
  • Documented audit procedures, results and assessment of control effectiveness.
  • Preformed substantive audit procedures on cash receipts and revenue reconciliations.

9. Financial Statements

A financial statement is a report of an individual or a company that includes all the information about the declared assets, the use of money, income, and also the contribution of shareholders over a certain period.

Here's how internal audit interns use financial statements:
  • Participated on corporate audits of employee compensations, financial statements, and newspaper circulation.
  • Tested controls and analyzed financial statements to ensure safeguarding of company assets.

10. Risk Assessments

The process of analyzing and identifying the acts or events that have the potential to negatively affect an individual, asset, or business is called risk assessment. Risk assessments are important because they form an integral part of an organization as well as occupational safety plans

Here's how internal audit interns use risk assessments:
  • Performed risk assessments that identified weak internal processes & procedures that impacted regulatory compliance standing.
  • Prepared risk assessments for various Wayne State University departments.

11. Audit Projects

Here's how internal audit interns use audit projects:
  • Scrutinized monthly production reports for the Global Manufacturing Audit Project and identified top and reoccurring manufacturing flaws.
  • Maintained repository for control testing and audit projects.

12. Internal Control Procedures

Internal control procedures are procedures and mechanisms implemented by an organization to ensure effective and efficient organization's objectives, reliable financial reporting, minimize error and control risks to an organization, compliance of organization's policies and regulations, safeguarding assets, etc.

Here's how internal audit interns use internal control procedures:
  • Provided support to established internal control procedures by examining records, reports, operating practices, and documentation.
  • Perform transaction and compliance testing to evaluate the existence, efficiency and effectiveness of internal control procedures.

13. Audit Plan

Here's how internal audit interns use audit plan:
  • Prepare audit planning memorandum, execute control tests covering safeguarding of assets and the strategic plan for the Bank using TeamMate.
  • Involved with updating information for inclusion into the Annual Audit plan, particularly budgeted and actual hours recorded per project.

14. Audit Findings

Here's how internal audit interns use audit findings:
  • Issued correspondence to bookkeepers and principals regarding status of audit and recommendations to correct audit findings.
  • Participated in client meetings with Senior Leadership and discussed audit findings actively.

15. Business Processes

Here's how internal audit interns use business processes:
  • Updated internal control narratives for inventory cycle by walking through business processes and interviewing process owners.
  • Interviewed clients to document current business processes surrounding technology risks and controls.
top-skills

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List of internal audit internship skills to add to your resume

Internal audit internship skills

The most important skills for an internal audit internship resume and required skills for an internal audit internship to have include:

  • Internal Audit
  • Data Analytics
  • SOX
  • Patients
  • Sarbanes-Oxley
  • Risk Management
  • Audit Reports
  • Audit Procedures
  • Financial Statements
  • Risk Assessments
  • Audit Projects
  • Internal Control Procedures
  • Audit Plan
  • Audit Findings
  • Business Processes
  • Data Analysis
  • External Auditors
  • Operational Audits
  • Audit Process
  • Control Environment
  • HR
  • GAAP
  • Audit Programs
  • Acls
  • Patient Care
  • Internal Medicine
  • Visio
  • Sox Testing
  • Audit Results
  • Compliance Audits
  • Payroll
  • Teammate
  • Pivot Tables
  • Test Results
  • COSO
  • SQL
  • Audit Tests
  • Fixed Assets
  • Financial Data
  • Physical Exams
  • Vital Signs
  • ERP
  • EKG
  • Financial Reports
  • General Ledger
  • Press Releases
  • Expense Reports
  • Company Intranet

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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