Internal Auditor Vetassess Skills Assessment

What is the requirement of the Internal Auditor Vetassess Skills Assessment?


What’s the skills assessment of job description

  • An Internal Auditor examines, verifies, evaluates
  • and reports 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 processes against outcomes.

Occupations not considered for Vetassess Skills Assessment

as highly relevant under this ANZSCO code include, but are not limited to:

  • Accountants
  • Company Secretary
  • Corporate Treasurer
  • External Auditor
  • ICT Quality Assurance Engineer
  • Information and Organisation Professionals nec
  • Quality Assurance Manager
  • Specialist Managers

These occupations are classified elsewhere in ANZSCO.

What is the Requirement for Skills Assessment

This occupation requires

A qualification that is assessed as comparable to the educational level of an Australian Qualifications Framework (AQF) Bachelor degree or higher degree.

In addition to this, applicants must possess at least one year of highly relevant postqualification employment, at an appropriate skill level, in the last five years.

If the qualification(s) are not at the required educational level, and/or not in a highly relevant field of study, or if the employee has been completed prior to the qualification, then the overall assessment outcome will be negative.

A positive assessment of both qualifications and employment is required for a positive Skills Assessment Outcome.

What’s the requirement for Qualification

AQF Bachelor degree or higher

Highly relevant major fields of study include:

  • Accounting
  • Commerce / Business

The courses should cover the key areas of

  • Risk Analysis,
  • Business Law,
  • Organisational Methods and Structures,
  • Business Management,
  • Accountancy, and Business Process and Systems.

Other fields of study may be considered for a full skills assessment if the employment is highly relevant and the field of study pertains to the area of employment.

What’s the requirement for Employment skills assessment

Highly relevant tasks include, but are not limited to:

  • 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

Internal Auditors work in accordance with the International Professional Practices Framework (IPPF) published by the Institute of Internal Auditors – Global.

When undertaking audits, Internal Auditors need to be able to assess an organization’s operations and provide assurance on the effectiveness of governance, risk management, and control processes.

In order to minimize bias, an Internal Auditor works independently of the area or organization being audited.

The scope of the audit includes a review of the management system, human resources, work processes etc., besides the financial systems.

Other Information bout skills assessments

Employment positions in the areas of

  • risk management and compliance

do not demonstrate the independence and objectivity expected of an Internal Auditor and are not considered highly relevant.

They may be considered as closely related for points test purposes if at the level of a Professional or Manager in ANZSCO.

Internal auditors are independent of all areas subject to audit (including the compliance function) to ensure objectivity and are not directly accountable for implementing risk management processes.

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