In the rail industry, auditors may be employed in large organisations as specialists to evaluate and improve the effectiveness of risk management, control and governance processes in an organisation. To do this, internal auditors:
- work with management to systematically review systems and operations
- identify how well risks are managed including whether the right processes are in place and being followed
- identify areas where efficiencies or innovations might be made
Internal auditors work across all areas of an organisation. In addition to core areas of financial control and IT, they review the tangible aspects of operations, such as an organisation’s supply chain or IT systems; as well as more intangible aspects such as organisational culture and ethics. In fact, any system that has an impact on the effective operation of an organisation may be included in internal audit’s scope.
Knowledge, skills and attributes
An auditor should have good analytical, organisational and communication skills, and the ability to work under tremendous pressure. Moreover, an auditor should also be trustworthy, ethical and should possess a good understanding of general business skills.
Auditors work typical office hours from Monday to Friday. They may need to work extra hours or during the weekend to meet deadlines, particularly during tax audits.
Entrance requirements and ongoing training and development
This is not an entry level role. An auditor requires a bachelor degree or higher qualification and many organisations may require membership of the Institute of Internal Auditors. In the rail industry, an auditor may come from an engineering or accounting background.
The value of a career in the rail industry
For even more details on what you might earn, the diversity of companies you could work for and the career opportunities available, visit the following careers and training websites. Careers in Rail by the Australasian Railway Association; About the Rail Industry by Rail Skills Australasia and Rail Training by the Transport and Logistics Industry Skills Council (TLISC).
Your career may take many turns depending on what stage you are at in life and your personal circumstances. Experience and qualifications as an internal auditor may provide good opportunities for fast-tracking into a management or senior finance position within a sizeable organisation in the rail industry.
Once in the rail industry, to progress your career you will need to complete additional studies or authorisations which will depend on organisational and state requirements.
The information provided here is generic. Job titles and the experience and qualifications needed to move into other jobs may vary slightly from state to state depending on the structure and needs of your organisation, and government rules and regulations.
The jobs below may require additional qualifications as well as experience.