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
- 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:
- 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:
- 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
|ANZSCO||Occupation||Skills Assessment||189||190||485||491 (State)||491 (Family)||186 (Direct)||407 (Training)||494 (regional Sponsored)||482 (TSS Medium Term)|
Group: 2212 Auditors, Company Secretaries and Corporate Treasurers
- Conduct audits of accounting systems, procedures and financial statements, manage corporate funding and financial risk, and administer and review corporate compliance activities.
- 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:
- Educational Qualifications
- Points for Professional Year
- Points for NAATI- Credentialled Community Language
- Points for 2 Year Study
- Points for English
- Points for Regional Study
- Points for Work Experience
- Points for Specialist Educational Qualifications (STEM)
- Points for Partner
Click here to calculate your points.
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:
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)
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:
To check if the state/ territory government requirements for your occupation, refer to the following links
Links to requirements
|New South Wales||
|Australian Capital Territory (ACT)|
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:
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.
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:
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.
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.
Study Pathway to Internal Auditor
To become an Internal Auditor formal qualifications are needed. It should be noted that Australian Securities and Investments Commission is required. To gain registration you may need to complete standards through the Institute of Charted Accountants Australia (ICCA) or the Certified Practising Accountants Australia (CPA).
Bachelor of Accounting
- Duration: 3 years
- Total Course Cost Approx: $99,300 AUD
- English proficiency requirement – IELTS 6.0 with no band less than 6.0 or equivalent
- Academic qualification requirement – other entry requirements apply according to the level of qualification you have
- Master of Professional Accounting
- Bachelor of Commerce
- Master of Business Administration