A vice president (VP) of internal audits usually holds a leadership position for a large corporation. They work with managers and auditors to address financial and operational issues and help the managers to overcome these problems. The vice president of internal audit oversees various audit-related processes in the company and provides objective evaluations. Then, they help other departments come up with ideas to improve these processes. The vice president of internal audit usually has a team of auditors to whom they delegate tasks.The objective of a vice president of internal audit is to detect flaws and improve them, making operations more efficient. They must also make sure that the various departments within the company are adhering to corporate policies and the law. The vice president of internal audit must create reports detailing audit findings, as well as issue certifications for compliance and compliance training. They may also be responsible for hiring members of the auditing team.This position generally requires extensive related experience, as well as at least a bachelor's degree in a related field. Because this is a management position, relevant management experience might be necessary. Knowledge of internal auditing software and the interpretation of law is essential. This position is generally full time and takes place in an office setting, although it may require travel to the company's various operational areas.

The role of Vice President (VP), Internal Audit in Singapore is predicted to experience significant growth in the coming years. As per a 10-year analysis, this position is expected to witness a strong upward trend in the job market. With the increasing importance of internal audit in organizations, the demand for professionals in this role is projected to rise consistently. The future holds many employment opportunities for individuals seeking to pursue a career as a VP, Internal Audit in Singapore.

How to Learn

As a Vice President VP, Internal Audit with 6-9 years of experience in Singapore, your main responsibilities include:<ul><li> Oversee and manage the internal audit function, ensuring compliance with regulatory requirements and organizational policies. Develop and implement audit plans, methodologies, and tools to assess the effectiveness of internal controls.</li><li> Coordinate and lead internal audit engagements, including risk assessment, planning, fieldwork, and reporting. Conduct detailed and objective audits of financial statements, business processes, and operational activities.</li><li> Collaborate with senior management and key stakeholders to identify areas of improvement and recommend process enhancements. Provide strategic advice and guidance to enhance risk management practices and internal control frameworks.</li><li> Monitor audit findings and recommendations, track action plans, and facilitate the timely resolution of issues.</li></ul>

Roles & Responsibilities

Average take home Salary for a Vice President (VP), Internal Audit in Singapore is around S$168152 per year

Salary Breakup

A vice president (VP) of internal audits usually holds a leadership position for a large corporation. They work with managers and auditors to address financial and operational issues and help the managers to overcome these problems. The vice president of internal audit oversees various audit-related processes in the company and provides objective evaluations. Then, they help other departments come up with ideas to improve these processes. The vice president of internal audit usually has a team of auditors to whom they delegate tasks.

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Vice President (VP), Internal Audit

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