Internal Auditor – ANZSCO 221214

Internal Auditors examine, verify, evaluate, and report on financial, operational, and managerial processes, systems and outcomes to ensure financial and operational integrity and compliance, and assists in business process reviews, risk assessments, developing deliverables and reporting progress against outcomes.
Skill Level
1
Alternative Titles
  • Audit Officer
Skills Assessment Requirement

Unless you are exempt in very limited circumstances, you are required to have a positive Skills Assessment to apply for the visas listed above.

Skills Assessment authority for Internal Auditor is Vocational & Education Training Assessment (VETASSESS). To have a positive skills assessment, you must meet the following criteria:

  • Qualification assessed at Australian Bachelor degree or higher in a highly relevant field of study AND at least one year of post-qualification highly relevant employment at an appropriate skill level in the last five years
  • Applicants must meet both the qualification and employment requirements to obtain a positive skills assessment
  • A highly relevant field of study include:
    • Accounting
    • Commerce/Business
  • Other fields of study may be considered relevant if the employment is highly relevant and the field of study relates to the skilled employment
  • Applicants nominating this occupation must provide:
    • CV/Resume
    • Organisational chart for each period of employment
  • Applicants are also encourage to provide:
    • Audit plans
    • Audit charter
    • Summary of internal audit staffing profile
    • Company overview, indicating area of business and key statistics
Potential Visa Pathways for Internal Auditor
ANZSCOOccupationSkills Assessment189190485 491 (State)491 (Family)186 (Direct)407 (Training)494 (regional Sponsored)482 (TSS Medium Term)
221214Internal AuditorACS

Group: 2212 Auditors, Company Secretaries and Corporate Treasurers

Description
Conduct audits of accounting systems, procedures and financial statements, manage corporate funding and financial risk, and administer and review corporate compliance activities.
Tasks
  • Arranging, giving notice of and attending meetings of directors and shareholders
  • Advising organisations’ governing boards on matters concerning compliance with stock exchange listing rules, relevant legislation and corporation practice
  • Supervising organisations’ share capital by preparing documents and share issues, and handling share transfers
  • Controlling treasury and treasury systems and establishing and reviewing risk management objectives and treasury policies
  • Identifying, managing and reporting on financial risks
  • Assisting with equity management, debt management, securities and taxation planning issues
  • Collecting, analysing and interpreting information on the financial standing, cost structures and trading effectiveness of organisations
  • Devising, re-organising and establishing budgetary cost control and other accounting systems such as computer-based systems
  • Conducting audits and investigations and preparing financial statements and reports for management, shareholders, and governing and statutory bodies
  • Evaluating the cost effectiveness and risks of operational processes, activities, policies and systems
  • Reporting to management on the existence and effectiveness of the system of internal controls
  • Establishing audit objectives, and designing and implementing audit methodologies, processes and audit report criteria
Skill Level
In Australia and New Zealand:

Most occupations in this unit group have a level of skill commensurate with a bachelor’s degree or higher qualification (ANZSCO Skill Level 1). In some instances, relevant experience and/or on-the-job training may be required in addition to the formal qualification. This occupation may require registration or licensing.

Occupations in this Group
  • 221211 Company Secretary
  • 221212 Corporate Treasurer
  • 221213 External Auditor
  • 221214 Internal Auditor
How to calculate your points (skilled visas)

To apply for a skilled visa, you need to know how many points you can score. The minimum score to be eligible for application is 65 points. However, depending on your occupation, the competitiveness, and the states you are applying to, you might need to score more points to get an invite.

Points will be given to you based on the following:

Click here to calculate your points.

189 visa – Skilled Independent Visa

This 189 visa allows you to live, work and study in Australia permanently. It is a points-tested visa. The minimum score to apply is 65 points. However, based on previous invitation rounds, you would need to achieve a higher score to have a better chance of obtaining an invitation.

In short, to be eligible for visa 189, you need to meet the following criteria:

Immigration Points

Must score at least 65 points. Due to the competitive nature of this visa, a pool mark does not guarantee an invitation to apply.

English

Must have at least Competent English, i.e., IELTS 6.0 or equivalent.

Age

Must be under 45 years of age. There is however no age limit for the 189 NZ stream.

be invited

Must lodge the EOI and be invited by the Department of Home Affairs to apply for the visa.

Skills assessment

Must have positive skills assessment. Each occupation has a specific assessing authority.

HEALTH AND CHARACTER

Must meet health and character requirements.

Subclass 190 visa– Skilled Nominated Visa & Subclass 491 visa – Skilled Work Regional (Provisional) Visa

To apply for visa subclass 190 and visa subclass 491, you need to have a nomination from the state/territory government where you want to live and work. Each State and Territory have individual requirements that must be met in order to receive nomination. (See below)

While the 190 visa is a permanent visa, subclass 491 visa gives you right to live and work in regional Australia for 5 years with a pathway to permanent residency through the subclass 191 visa.

Another difference between the 190 and 491 visa is that you can only apply for visa subclass 491 if you are living and working in regional areas in Australia, while it is not a requirement if you are applying for the 190 visa.

In summary, to be eligible for 190 visa, you need to meet the following criteria:

Immigration Points

Must score at least 65 points, or higher points if the state or territory requires.

English

Must have at least Competent English, i.e., IELTS 6.0 or equivalent, or higher if the state or territory requires.

Age

Must be under 45 years of age.

be invited

Must lodge an EOI and be invited by the state or territory and then apply for the visa.

Skills assessment

Must have positive skills assessment. Each occupation has a specific assessing authority.

HEALTH AND CHARACTER

Must meet health and character requirements.


To check if the state/ territory government requirements for your occupation, refer to the following links

State/ Territory
Links to requirements
New South Wales
Victoria
South Australia
Western Australia
Northern Territory
Australian Capital Territory (ACT)
Tasmania
Queensland

485 Visa – Graduate Temporary Visa (Graduate Work Stream)

The 485 visa is a work visa available to international students who have completed two years of study in Australia. It is an 18-month visa that has full work rights and full study rights. It also allows you to travel freely to and from Australia throughout the validity of the visa.

To be eligible for visa 485, you need to meet the following criteria:

Age

You must be under 50 years of age.

Education

Must have completed a two-year CRISCOS registered course(s).

Subclass 491 Family Sponsored visa – Skilled Work Regional (Provisional) visa

This 491 Family sponsored visa requires you to have a family member who is living in regional area to sponsor you. This visa offers pathway to permanent residency through visa subclass 191.

English

Must have at least Competent English, i.e., IELTS 6.0 or equivalent.

Age

Must be under 45 years of age.

be invited

Must lodge an EOI and be invited by DHA to apply for the visa.

Skills assessment

Must have positive skills assessment. Each occupation has a specific assessing authority.

HEALTH AND CHARACTER

Must meet health and character requirements.

Subclass 186 visa – Employer Nomination Scheme

If you have an employer who is willing to sponsor you, you may be eligible for a Subclass 186 visa. This visa is permanent and will allow you to live, work and study in Australia indefinitely. To be eligible for this visa, you need to have at least 3 years of working experience in your nominated occupation and a positive skills assessment. Alternatively, if you are a holder of a Subclass 457 or TSS visa, you can apply for Subclass 186 after working for your employer for at least 3 years under the Temporary Residence Transition stream.

Experience

At least 3-year fulltime work experience in the nominated occupation.

English

Must have at least Competent English, i.e., IELTS 6.0 or equivalent.

Age

Must be under 45 years of age, unless exempt.

Be Sponsored

Must be sponsored by an Australian employer.

Skills assessment

Must have a positive skills assessment. Exemptions apply for the 186TRT.

HEALTH AND CHARACTER

Must meet health and character requirements.

407  Training Visa

The 407 visa a short stay visa for individuals to participate in occupational training or professional development in Australia. This visa is generally valid to stay in Australia for 2 years. Please note this visa is subject to condition 8102 which forbids work apart from the training that is specified in the visa application. You are also required to maintain health insurance whilst in Australia.

To be eligible for visa 407, you need to meet the following criteria:

GTE

You must prove that you genuinely stay in Australia for training and will depart when you complete the training.

English Level

Must have Functional English, i.e. IELTS overall 4.5 with no band less than 4, or equivalent.

Age

Must be over 18 years old.

Be Sponsored

You must be sponsored by an approved temporary activities sponsor – Can be an employer or a commonwealth agency

Health and Character

Must meet health and character requirements.

Subclass 494 visa – Skilled Sponsored Regional (Provisional) visa

You can apply for subclass 494 if you have a regional employer who is willing to sponsor you. To be eligible for this visa, you must have at least 3 years of working experience in your nominated occupation and have a relevant skills assessment. With this visa, there is a requirement that you must work for the employer who is sponsoring you.

This visa provides pathway to permanent residency through the 191 visa.

Experience

At least 3 years full-time work experience in the nominated occupation.

English

Must have at least Competent English, i.e., IELTS 6.0 or equivalent.

Age

Must be under 45 years of age, unless exempt.

Be Sponsored

Must be sponsored by an Australian regional employer.

Subclass 482 visa – Temporary Skill Shortage (Medium Term) visa

The Subclass 482 visa is a Temporary Skill Shortage visa that requires a sponsorship from an Australian employer. This visa allows to your live and work in Australia for up to 4 years. You may apply for as many 482 visas as you want, as long as the employer is willing to sponsor you.

English Level

Must have IELTS overall of atleast 5.0 with no band less than 5.0.

Age

There is no age requirement for this visa.

Health and Character

Must meet health and character requirements.

Job Outlook

  • $1,916 AUD

    Weekly Earnings

  • 85%

    Work full time hours

  • Strong

    Growth expected in the next 5 years

  • 54% female

    Gender share

  • 41 hours

    Average full-time

  • Very High Skill

    Skill level rating

Book a consultation with our Registered Migration Agents in Melbourne to find out more about your visa options and your path to Australian permanent residency or applying for citizenship.