audit careers
DESCRIPTION
An overview of the Audit Industry for careers in 2010.TRANSCRIPT
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Mary Anne Burke
Your Career in Auditing
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Create positive change
• Look at your company’s armor• Empower your IA career• Audit Makeover• Be proactive• Get management buy in • Longevity
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Developing Talent
• Take a long term view • Keep staff challenged and grow
professionally • Rotational programs• Encourage cross training• Career planning sessions• Mentoring
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Retention and Corporate Culture
• Collaborative, supportive team players• Desirable place to work• Provide interaction with management• Personal contributions and success of
the business• Encourage networking • Give employees more responsibility
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The art of possibilty …
• Unique • Industry credentials and certifications• Education advancement • Various soft skills and characteristics• Flexible solutions• Sustainable goals• Continuous improvement• Guiding and integrating the autonomous but
interconnected work of highly skilled people.
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What is the Persuasive evidence?
• First: Companies are now gaining insights that managing talent within the auditing world is critical to the long term success for their companies.
Companies need to be more responsive: and to maintain and keep their investments i.e. people.
People are a company's most cherished
intellectual asset. Success begins, and gains momentum.
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What is the Persuasive evidence?
Second: It is essential that the global skills inventory of the "best and the brightest" be challenged.
We must constantly ask ourselves:
“What can we do to improve the audit industry and to improve our own career?”
As we all know ‘one person can make a difference’.
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What is the Persuasive evidence?Third: There is a shortage of talent.
Noted is the high ethical standard we place on the industry. The key to success is in the fabric of our people.
One of the most important things I tell my clients is once we hire an audit professional we need to boost the long term employability – to keep skills, and share knowledge.
This is the basis on which the IIA and ISACA builds "sharing knowledge".
Sharing the knowledge is what it is all about
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We all need to sharpen our skills and ‘audit our own careers’
“Do what you do best’ ! Let’s reflect on the conclusions of
our establishment There is a message to share in my
work
Persuasive evidence
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Designing a Career in Auditing is
• Time consuming• A badge of honor• Gratifying• Uncertain• Exciting• A learning experience• Positive • Complex when dealing
with scheduling conflicts, and
travel
• People skills• Discipline• Vision: knowing what
you want …and being able to attain it
• Momentum / Cyclical• Timing• Challenging• Rewarding experience
for all • Critical to your
success
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Challenges of Developing a Global Workforce
• Changes in demographics• The demands of Gen Y and X• Increasing diversity• New technologies have eliminated
barriers of distance, time, boundaries.• Changing risk profile• Are we hiring the right skills for the task?
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Empower Your Audit Career Today
Attend networking groupsListen carefully
Update your resume
Hear with your eyesFind a mentor
Share your knowledge with othersMentor others
Sharing is power
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Empower Your Audit Career Today
Think and Listen more carefully than ever before
Share your energy and your knowledge
Make interviewing part of your every dayevery day communication
Teach others about what you have learned here at U of MD
Be proud of you and your auditing career
People around the world depend on you
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The talent war has gone global—and so have talent shortages
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BRAIN POWER
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Rock Star Status !
• Situation
• Task
• Action
• Results
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“IMPORTANT Essential skills”Being viewed as a leader
• Extensive travel to see operations
• Truly understand the business strategies, grasping the
business challenges and analyze business processes.
• Determining the skill set you can offer - testing,
assessment, guides OR practical and accurate planning
based on judgment
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Different career paths
• Industry: SEC and non SEC req’s
• Governmental: req’s
• Consulting : req’s
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Choices
• Operational
• Financial
• Information Technology
• Fraud
• ERM
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The government agencies with the highest rates of job satisfaction • 1. Office of Management and Budget• 2. Nuclear Regulatory Commission• 3. NASA• 4. National Science Foundation• 5. Justice Department• 6. State Department• 7. National Credit Union Administration• 8. Social Security Administration• 9. U.S. Agency for International Development• 10. General Services Administration
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The interview
• Demand for salaries ; balancing perception with reality and expectation
• Pulse of the industry• Commitment • Preparedness• Sustainability of your career with the
company, agency, firm, organization
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• What do you know about our company?• Before you go into the interview, you want to
research the company so you know as much as possible about its products, size, quarterly revenues, image, reputation, management, history, philosophy, goals, problems,
and competitors. Communicate that you have made a conscious choice to target this company because of the great things that you know about it.
“Be prepared for questions”
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IMPORTANT
• Well educated
• Well certified
• Strong prior experience
• Industry certified
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Networks and Social Media
• Linked-In
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Knowledge is power … • Certified Public Accountant (CPA)
• Certification in Control Self Assessment (CCSA)
• Certified Internal Auditor (CIA)• Certified Information Systems Auditor (CISA)• Certified Bank Auditor (CBA)• Certified Computer Professional (CCP)
• Certified Financial Services Auditor (CFSA)
• Certified Gov’t Auditing Professional (CGAP)
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Key Success Factors for Today’s Auditors
1. ID Behavioral Competencies2. Utilize behavioral interviewing skills3. Be a S.T.A.R.4. Determine the essential skills5. Be an “A” Player6. Demonstrate Personal Integrity7. Leadership can always be improved upon8. Be a team player yourself and surround yourself with
team players 9. Exercise Operational Efficiency10. Be prepared for any question you may be asked11. Think ahead and anticipate that changes will and do
occur12. Value Ethics
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THANK YOU FERGUSON & BURKE Retained Executive Search
People are your most valued asset to your company
703.360.2323 800 .401.2323