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Internal Auditor

Internal auditors conduct financial, systems, and operational audits in their organizations. They ensure the organization works effectively to meet its goals and objectives through using and monitoring internal controls that reduce potential risks.

Also Known As

Auditor, Advisor, Fraud Investigator, Inspector, Investigator

NOC Codes

In Canada, the federal government groups and organizes occupations based on a National Occupational Classification (NOC) system. This alis occupation may not reflect the entire NOC group it is part of. Data for the NOC group can apply across multiple occupations.

The NOC system is updated every 5 years to reflect changes in the labour market. Government forms and labour market data may group and refer to an occupation differently, depending on the system used.

Here is how this occupation has been classified over time.

2006 NOC

  • 1111.1: Financial Auditors

2006 NOC-S

  • B011: Financial Auditors and Accountants

2011 NOC

  • 1111: Financial auditors and accountants

2016 NOC

  • 1111: Financial auditors and accountants

2021 NOC

  • 11100: Financial auditors and accountants

2023 OaSIS

  • 11100.01: Financial auditors
Duties
Updated Mar 31, 2025

The difference between external and internal audits is that an external audit is a financial audit based on financial reports or statements, and is most often performed by accountants from outside the organization. In contrast, an internal audit is an independent, objective examination of how an organization operates. It includes observing, measuring, or analyzing an organization’s:

  • Culture
  • Internal controls
  • Information systems
  • Procedures
  • Outputs

Internal auditors make sure an organization operates effectively. They collect and study data about the way the organization is managed to assess how well it self-governs. They:

  • Identify risk areas and manage or reduce risk exposure
  • Use current structures to ensure the organization is performing up to established standards
  • Identify, report, monitor, and follow internal policies and procedures
  • Ensure the organization complies with legislation and regulations
  • Ensure the organization protects its own assets
  • Participate in identifying and lowering the risks from fraud

Internal auditors also:

  • Suggest opportunities to improve operational effectiveness
  • Recommend ways to improve the design and effectiveness of controls
  • Make sure the right controls are in place to manage or mitigate identified risks
  • Report findings and related action plans to management
  • Recommend ways to improve
  • Provide fraud awareness training

Internal auditors conduct audits before introducing new systems. They ensure new systems work as planned and older systems work as well as before, or better. They may advise systems project teams about risks and control-related issues. Some internal auditors hold coaching sessions with staff to improve operational effectiveness or reduce risk.

Some organizations lack the specialized expertise to perform internal audits. They may enter outsourcing or co-sourcing arrangements to have outside auditors perform their internal audits.

Working Conditions
Updated Mar 31, 2025
  • Strength Required Lift up to 5 kg

In general, internal auditors work standard office hours. They may work overtime at year-end or to meet project deadlines.

Internal auditors may work at the offices they are auditing. This can mean travel across the city, the country, or the world. Or they might conduct some or all their work remotely.

Work Personalities

In Alberta, this occupation is part of 1 or more 2023 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.

How This Occupation Compares to Your Work Personalities

Fit
Fit Guide
An occupation can be a great, good, fair, weak, or poor fit for you.
C
Conventional
This occupation
You
E
Enterprising
I
Investigative
This occupation
You

This Occupation’s Work Personalities

Your Work Personalities

Quick Guide

Alis work personalities are based on Holland’s theory. It identifies 6 personality types: Realistic, Investigative, Artistic, Social, Enterprising, and Conventional. People with similar personalities and interests will tend to pursue similar careers. They are likely to create work environments that are favourable to their type.

Most people will identify with 2 or 3 dominant personalities. If the occupation’s personalities match your more dominant types, this occupation is more likely to be satisfying and rewarding to you.

This Occupation’s Work Personalities lists the personalities most likely to be found in that occupation. They are listed in order of importance, with 1 as the most important.

Your Work Personalities shows where the occupation’s personalities rank within your test results. Rank 1 is your most dominant type and 6 is your least dominant.

Learn about work personalities

Abilities

In Alberta, this occupation is part of 1 or more 2023 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.

Financial auditors
2023 OaSIS: 11100.01

How This Occupation Compares to Your Abilities

The graph below shows how well your scores match the overall abilities for this occupation.

The closer your ability scores are to the center, the more they match this occupation’s. The further away they are, the less they match this occupation’s.

The lower your ability scores are compared to the occupation’s, the more challenging the occupation will likely be for you. The higher your ability scores are compared to the occupation’s, the less challenging the occupation will likely be for you.

lower
a match
higher
Typical ability expectations for this NOC group
Your abilities

Abilities Sets

The 49 abilities are grouped into 5 abilities sets: Critical Thinking, Numbers and Patterns, Physical Activity, Mind-Body Coordination, and Senses.

Some abilities are more relevant to an occupation than other abilities. Individual abilities that are not relevant to an occupation are greyed out.

Critical Thinking

Critical Thinking includes 9 abilities related to identifying and solving problems, thinking of ideas, and communication, such as speaking and writing.

This is how well your scores match the set of Critical Thinking abilities for this occupation:

lower
a match
higher
Typical ability expectations for this NOC group
Your abilities

Numbers and Patterns

Numbers and Patterns includes 10 abilities related to math, memorizing, and multitasking. It also includes how we perceive patterns, shapes, and distances.

This is how well your scores match the set of Numbers and Patterns abilities for this occupation:

lower
a match
higher
Typical ability expectations for this NOC group
Your abilities

Physical Activity

Physical Activity includes 9 abilities related to strength, balance, flexibility, coordination, and endurance. 

This is how well your scores match the set of Physical Activity abilities for this occupation:

lower
a match
higher
Typical ability expectations for this NOC group
Your abilities

Mind-Body Coordination

Mind-Body Coordination includes 9 abilities related to movement control and how we react to signals. It also includes fine motor skills, such finger and hand dexterity and hand-eye coordination.

This is how well your scores match the set of Mind-Body Coordination abilities for this occupation:

lower
a match
higher
Typical ability expectations for this NOC group
Your abilities

Senses

Senses includes 12 abilities related to seeing, hearing, and speaking. 

This is how well your scores match the set of Senses abilities for this occupation:

lower
a match
higher
Typical ability expectations for this NOC group
Your abilities

Quick Guide

The abilities or aptitudes shown for this NOC group come from the Occupational and Skills Information System (OaSIS).

The abilities scores range from 1 to 5, with 5 being stronger.

Occupations use different combinations and levels of these abilities. The Abilities Quiz helps you learn more about your ability levels and which occupations match your strengths.

If you have completed the Abilities Quiz, you can compare the occupation’s ability expectations to your own ability scores. Your scores may be lower than, a match to, or higher than the occupation’s expected abilities.

Learn about abilities

Traits & Skills
Updated Mar 31, 2025

Internal auditors need:

  • High ethical standards
  • Sound judgment
  • Initiative and persistence
  • Creative thinking
  • Attention to detail
  • Independence
  • Communication, organizational, and facilitation skills
  • Problem-solving, critical-thinking, and analytical skills
  • The ability to be objective about their findings
  • The ability to work alone and with others at all levels of an organization
  • The ability to adapt to change
  • Natural curiosity

They should enjoy:

  • Research and learning
  • Being careful and orderly
  • Finding creative solutions to problems
  • Working independently and with others

In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.

Top 10 Skills Employers Are Looking For

Financial auditors and accountants

2016 NOC: 1111

This chart shows which job skills are currently in highest demand for this occupational group. It was created using this occupation's 102 most recent Alberta job postings, collected between Sep 04, 2024 and Oct 08, 2025.

Review these skills to learn:

  • Whether or not this occupation matches your skill set
  • What training you may need to get these skills
  • What skills to highlight in your resumé, cover letter, and interview.
Tasks: Ensure accuracy and compliance to accounting standards, procedures and internal control
Tasks: Prepare financial statements and reports
Accurate
Organized
Tasks: Analyze financial documents and reports
Attention to detail
Reliability
Dependability
Tasks: Examine accounting records
Ability to multitask
Educational Requirements
Updated Mar 31, 2025
  • Minimum Education 4 years post-secondary

Auditors come from various backgrounds, including:

  • Accounting and finance
  • Business
  • Economics
  • Engineering
  • Health and safety
  • Human resources
  • Information systems
  • Operations

Most employers require at least a bachelor’s degree in accounting, business, or a field related to the nature of the organization’s business.

To expand or narrow your program options, visit Post-Secondary Programs and start your search with:

Completing a program does not guarantee entrance into an occupation. Before enrolling in an education program, prospective students should look into various sources for education options and employment possibilities. For example, contact associations and employers in this field.

Certification Requirements
Updated Mar 31, 2025
  • Certification Not regulated

Certification is not required, as there is currently no legislation regulating this occupation. However, employers consider professional designation a highly desirable asset.

Chartered Professional Accountants (CPA) Alberta offers the Chartered Professional Accountant (CPA) designation. To learn more, see the Accountant certification profile.

Other voluntary designations are available across North America.

The Institute of Internal Auditors (IIA) in Florida offers the Certified Internal Auditor (CIA) designation. It is 1 of the most recognized internal audit designations across the globe. The IIA also offers the following global certifications:

  • Certification in Control Self-Assessment Auditor (CCSA)
  • Certified Financial Services Auditor (CFSA)
  • Certified Government Auditing Professional (CGAP)
  • Certification in Risk Management Assurance (CRMA)
  • Certified Professional Environmental Auditor (CPEA)
  • Certified Process Safety Auditor (CPSA)
  • Qualification in Internal Audit Leadership (QIAL)

The Information Systems Audit and Control Association (ISACA) in Illinois offers the following global certification programs for information systems auditors:

  • Certified Information Security Manager (CISM)
  • Certified Information Systems Auditor (CISA)
  • Certified in Risk and Information Systems Controls (CRISC)
  • Certified in the Governance of Enterprise IT (CGEIT)
  • Certified Data Privacy Solutions Engineer (CDPSE)
  • Cybersecurity Practitioner (Csx-P)

The Association of Certified Fraud Examiners (ACFE) offers the Certified Fraud Examiner (CFE) global certification.

For details about requirements, visit the organization’s website.

Employment & Advancement
Updated Mar 31, 2025

Internal auditors work for:

  • Medium and large private and public companies
  • Federal, provincial, and municipal governments
  • Financial institutions
  • Not-for-profit organizations

Internal auditors get a good overview of an organization’s operations. They often audit most or all areas. They recommend changes to enhance the overall control environment to senior management. They have direct access to the board of directors through the audit committee. Prospects for advancement are good.

Industry Concentration

This section shows the industries where the majority of people in this occupation work. The data is based on the 2016 Census.

In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups.

Financial auditors and accountants
2016 NOC: 1111

78.0% of people in this occupational group work in:

NOC groups often include several related occupations. Although there is labour market data for the larger NOC group, this occupation makes up only a part of that group. It means data for this occupation may be different than the data shown. For examples, see Note.

3-Year Job Market Forecast

This section shows the Alberta job market condition, or short-term demand forecast, for this occupation over a 3-year period. It also shows the number of people employed in the occupation.

In Alberta, this occupation is part of 1 or more 2021 National Occupational Classification (NOC) groups.

Financial auditors and accountants
2021 NOC: 11100
Hot
Job Market
31,500
Employed in AB

Source: 2024-2026 Alberta Short-Term Employment Forecast

NOC groups often include several related occupations. Although there is labour market data for the larger NOC group, this occupation makes up only a part of that group. It means data for this occupation may be different than the data shown. For examples, see Note.

To see data for all occupations, visit Occupations in Demand.

5-Year Job Market Forecast

This section shows the employment outlook for this occupation in Alberta over a 5-year period.

Employment outlook is influenced by a wide variety of factors including:

  • Time of year (for seasonal jobs)
  • Location in Alberta
  • Employment turnover (when people leave existing positions)
  • Occupational growth (when new positions are created)
  • Size of the occupation
  • Trends and events that affect overall employment, especially in the industry or industries from the previous list

In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups.

Financial auditors and accountants
2016 NOC: 1111
2.5%
Annual Growth
(Above average)
804
New Positions

Source: 2021-2025 Alberta Regional Occupational Demand Outlook

Annual growth is from 2021 to 2025. New positions created each year are in addition to job openings created by employment turnover.

NOC groups often include several related occupations. Although there is labour market data for the larger NOC group, this occupation makes up only a part of that group. It means data for this occupation may be different than the data shown. For examples, see Note.

Employment turnover is expected to increase as members of the baby boom generation retire over the next few years.

Related Alberta Job Postings
Wage & Salary
Updated Mar 31, 2025

In Alberta, this occupation is part of 1 or more 2021 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.

Financial auditors and accountants

2021 NOC: 11100
Average Wage
$42.21
Per Hour
Average Salary
$77,047.00
Per Year
Average Hours
36.1
Per Week
Average Months on Payroll
11.8
Survey Methodology Survey Analysis

Source
2023 Alberta Wage and Salary Survey

NOC 11100 Wage Profile

Unless otherwise noted, the data shown here is for all industries and all regions in Alberta.

All wage estimates are hourly except where otherwise indicated. Wages and salaries do not include overtime hours, tips, benefits, profit shares, bonuses (unrelated to production), and other forms of compensation.

To see the full survey data for this NOC group, visit the wage profile.

Other wage sources
To make an informed wage and salary decision, research other wage sources [pdf] to supplement this data.

A: High Reliability
Data Reliability Code Definition

High Reliability, represents a CV of less than or equal to 6.00% and 30 survey observations and/or represents 50% or more of all estimated employment for the occupation.


Hourly Wage

For full-time and part-time employees
  • Low
  • High
  • Average
  • Median
Starting
Overall
Top

Hourly Wage

For full-time and part-time employees
Wages* Low (5th percentile) High (95th percentile) Average Median
Starting $15.75 $61.97 $33.07 $29.81
Overall $16.60 $79.33 $42.21 $37.04
Top $17.98 $106.63 $56.02 $46.00

Swipe left and right to view all data. Scroll left and right to view all data.

* All wage estimates are hourly except where otherwise indicated. Wages and salaries do not include overtime hours, tips, benefits, profit shares, bonuses (unrelated to production) and other forms of compensation.

Pay brackets for hourly wages

  • Starting pay: average pay offered for entry-level positions
  • Overall pay: average pay across all employees in this occupation
  • Top pay: average pay offered to top-paid employees

Industry Information

ALL INDUSTRIES
Oil & Gas Extraction
Construction
Manufacturing
Wholesale Trade
Retail Trade
Transportation and Warehousing
Information, Culture, Recreation
Finance, Insurance, Real Estate, Leasing
Professional, Scientific & Technical Services
Educational Services
Health Care & Social Assistance
Other Services (Repair, Personal Services and Related)
Public Administration

Skills Shortage

Employers that Recruited in the Last 2 Years
41%
41%)
Recruiting Employers that Experienced Hiring Difficulties
28%
28%
Employers with Unfilled Vacancies of over 4 Months
5%
5%
Vacancy Rate
3%
Related Post-Secondary Field of Study
  • Business, Management and Administrative Studies
  • Computer and Information Technology
  • Engineering, Architecture and Related Studies
Other Sources of Information
Updated Mar 31, 2025

Association of Certified Fraud Examiners (ACFE) website: www.acfe.com

Chartered Professional Accountants of Alberta (CPA Alberta) website: www.cpaalberta.ca

Information Systems Audit and Control Association (ISACA) website: www.isaca.org

Institute of Internal Auditors (IIA) Canada website: www.theiia.org

Get information and referrals about career, education, and employment options from Alberta Supports.

Updated Mar 31, 2025. The information contained in this profile is current as of the dates shown. Salary, employment outlook, and educational program information may change without notice. It is advised that you confirm this information before making any career decisions.

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