OPEC College

Internal Vs External Auditor: What’s The Difference?

The role of a quality auditor is to systematically examine a quality system in a business or organisation. The quality system could be an internal process, system, or product that needs to be consistently assessed to meet business requirements, industry standards, and compliance. These quality systems will likely be aligned with the organisation’s purpose and strategic direction, so regular auditing is essential for efficiency and success.  

The audits can be carried out by internal auditors or external auditors. While the skills they require are similar, there is usually a difference between internal and external auditors, both in their relationship to the organisation and the systems that they audit. 

So, what is the difference?  

Internal Auditor  

Internal auditors are employed by the organisation and usually work closely with CEOs, CFOs and senior managers to ensure the organisation is operating to the highest standards. Internal auditors work in various settings including public, private, and non-profit organisations.  

Unlike external auditors, internal auditors take into account anything that may influence an organisation’s success and recommend ways to make continuous improvements.  

They will take a comprehensive view of the entire organisation and usually assess things like the governance, risk, and control systems.  

External Auditor 

On the other hand, external auditors are usually focused on the accuracy of business accounts, the financial condition and, in some industries, its compliance with laws and regulations. 

External auditors will be contracted or brought in by an organisation to assess a certain area and provide a third-party audit. They are independent to all clients and are in the perfect position to evaluate things like the financial statements and systems of internal controls impartially. They will then make recommendations to the organisation regarding areas that need improvement or may not be compliant.  

The results of the audit then lead to internal changes, which can lead to greater efficiencies and business success. 

There are expected to be more career opportunities in internal auditing in the future, with job growth expected to increase by 9.4% over the next 5 years. If you’re considering quality auditing as a career or looking to develop your auditing credentials, the best place to start is pursuing courses and qualifications in auditing.  

Qualifications are key to unlocking professional opportunities and showing your commitment to the profession. 

The best courses and qualifications in auditing 

When you’re looking to advance your career in quality auditing, an auditing qualification can solidify your understanding of the role and provide an employment edge. Receiving a nationally recognised qualification will mean that you can develop your career anywhere in Australia. The opportunities are endless.  

Our BSB50920 Diploma of Quality Auditing is the perfect stepping stone for people who have a sound theoretical knowledge base in quality auditing and use a range of specialised, technical or managerial competencies to plan, carry out and evaluate audits or the work of an audit team. 

This online auditing course presents a great opportunity to advance your career and it offers flexible study options to suit everyone’s work and life schedule. We understand that everyone is busy and may already be working in the industry, so flexibility and personalised study options are the best way to make qualifications achievable.  

Some of the job outcomes from this qualification include Quality Assurance Manager, Auditor, and Compliance Manager. Job roles and titles can vary across different industry sectors, but the skills required for quality auditing can be applied in a range of sectors and positions.  

If you have been working in quality auditing or taking on some of the responsibilities in your previous roles, you can fast-forward your qualification using Recognition of Prior Learning.  

Recognition of Prior Learning (RPL) means you can gain qualifications simply through providing evidence of relevant knowledge and skills. Registered Training Organisations (RTOs) in Australia offer RPL so that If the RPL process reveals a deficiency in your skill level, we can help by providing training in the relevant qualification.  

Get in touch with us to discuss your best option and how to get started.  

Why choose OPEC College? 

Our aim is to help people gain well-deserved qualifications, either through RPL where we formally recognise the knowledge and skills you already have, or through provision of additional training to achieve your qualifications. 

Our parent company works hand in glove at the forefront of industry, allowing us to create training packages that reflect best practice and current trends. This sharp industry focus provides our graduates with an employment edge. 

Ex-Defence and First Responder personnel also choose OPEC College because of our deep understanding of the Defence and First Responder environments. 

Our dedicated team of trainers and assessors are available to guide you through the RPL process, and offer a comprehensive assessment procedure, as well as teaching excellence should you need additional training to achieve your qualification.  

Talk to us today about your study options and our courses in auditing.  

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