Traveling auditor vs internal auditor

Differences between traveling auditor and internal auditor duties and responsibilities

Traveling auditor example responsibilities.

• Manage the collection, analysis and verification of managerial payroll information to detect fraud and/or unethical practices.
• Process and audit travel and expense reports ensuring compliance with company policy as well as IRS regulations.
• Support GL regarding travel audit, journal entry support, account analysis and monthly reconciliations.
• Analyze revenues, balance sheet account reconciliations, prepare gross profit flash and month end close in a timely manner.
• Audit report to ensure correct division, cost center and GL account are submit, correctly, for each expense type.
• Issue checks via on-line A/P system, monitor cash, bank and internal control account reconciliation as well as A/R collections.
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Internal auditor example responsibilities.

• Manage and coordinate annual external business evaluation in conjunction with CPA consultants.
• Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
• Conduct complex performance audits, fraud investigations, special projects and routine follow-up reviews in accordance with IIA standards.
• Perform tests of critical controls in compliance with Sarbanes-Oxley legislation and report results utilizing company compliance tool to validate SOX checklist.
• Develop company FDA policy & procedures for liquid oxygen small bulk delivery vessels.
• Perform planning, compliance testing, substantive analysis and testing in accordance with GAAS.
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