Building a Better Auditor: Discovering Internal Auditing
Building a Better Auditor Emily Pierce Jul 16, 2024
When I began the dual degree Master of Professional Accountancy program at Metropolitan State University (MSU) Denver, I was not at all familiar with the term internal audit. I had been introduced to accounting in high school when I was offered the chance to work as an assistant for the bookkeeper.
So, after enrolling in MSU Denver for my accounting degree, I was initially drawn to forensic accounting, which was one of the first accounting specialty areas I encountered. Forensic accounting was enticing, with its potential to crack the next Enron case. I took steps toward this career, and subsequently studied the concept of auditing.
After becoming president of the Accounting Student Organization and being introduced to several public accounting firms, I shifted gears, finding external auditing to be a great fit. I continued on the path of external audit, working with BDO while finishing my degree.
It was not until my final semester, upon taking an introductory internal auditing course, that I came to appreciate internal auditing. One of my professors, Jo Erven, played a crucial role in introducing me to the profession through various courses. One of my favorites was an experiential learning opportunity, where I was able to help support the university’s internal audit team.
The assignment involved working with the wonderful team at MSU Denver’s Gina and Frank Day Health Institute, who were looking for ways to improve their processes. As someone who was going on their second year as an external auditor, I was surprised to find the work of internal auditing a natural fit. The course also allowed me to practice conducting myself professionally, with a focus on exercising soft skills. As a result, I became far more confident in my client-facing interactions, and I take greater pride in the work I am doing in a client-services profession.
After these experiences, I wanted to continue learning about the internal audit profession, and I had the chance to do that when a graduate-level internal audit certificate became available my final semester. I allowed myself to shift entirely and take courses solely related to internal auditing. I realized that all of the aspects I enjoyed about external audit were encompassed within internal audit. The biggest difference between the two, and one I have come to appreciate, is how internal audit will take findings from external audit and dive deeper into the processes behind these results.
Similarly, I was fortunate to have the enriching and memorable experience of attending The IIA’s Global Student Conference in May, with the help of the IIA-Denver. Attending with my peers from MSU Denver and being mentored by Professor Erven was more than I could ask for. It was equally valuable to be able to make many new connections.
The conference not only expanded my professional network, but also provided valuable insights into the field of internal audit. Not unlike the experiential course I had taken at MSU Denver, the Global Student Conference provided students with an experiential opportunity. Attendees had the chance to “play” as an internal auditor, completing a case study with students from all over the world. This practical experience, combined with the knowledge gained at the conference, has indeed transformed my career trajectory.
From learning about the responsibilities of internal auditors to understanding the mission of The IIA, I gained a comprehensive understanding of what to expect in this career path. I enjoyed most being able to hear tips from company executives and The IIA aimed at students and recent grads. This advice prepared us for what to expect in the future.
Now I look forward to continuing my journey into internal audit with BDO. The earning of my CIA and CPA will surely help in my next endeavors, and I am working toward earning these certifications over the next couple of years. I look forward to being able to connect more with The IIA and continue expanding my network through various events. I also aspire to someday hold a prominent role within The IIA itself, helping to further the Institute’s mission and making students aware of all the opportunities they have through internal auditing.