Full-Time Work Opportunities For Filipino Internal Auditors In Australia

myRMA's Latest Australian Migration News

Full-Time Work Opportunities For Filipino Internal Auditors In Australia


 

Overview

Internal Auditors conduct audits of accounting systems, procedures and financial statements, manage corporate funding and financial risk, and administer and review corporate compliance activities.

Tasks

This occupation may include associated occupations with varying tasks such as: -

  • arranging, giving notice of and attending meetings of directors and shareholders
  • advising organisations' governing boards on matters concerning compliance with stock exchange listing rules, relevant legislation and corporation practice
  • supervising organisations' share capital by preparing documents and share issues, and handling share transfers
  • controlling treasury and treasury systems and establishing and reviewing risk management objectives and treasury policies
  • identifying, managing and reporting on financial risks
  • assisting with equity management, debt management, securities and taxation planning issues
  • collecting, analysing and interpreting information on the financial standing, cost structures and trading effectiveness of organisations
  • devising, re-organising and establishing budgetary cost control and other accounting systems such as computer-based systems
  • conducting audits and investigations and preparing financial statements and reports for management, shareholders, and governing and statutory bodies
  • 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

Job Title

Internal Auditor

Job Prospects

Data on Job Outlook are updated on a yearly basis and are compiled from national statistics which may not reflect either regional variations or more recent changes in employment conditions.

Over the five years to November 2019, the number of job openings for Auditors is expected to be between 5,001 and 10,000. Job openings count both employment growth and turnover (defined as workers leaving their occupation for other employment or leaving the workforce). Employment for this occupation rose very strongly (in percentage terms) in the past five years and rose very strongly in the long-term (ten years). Looking forward, employment for Auditors to November 2020 is expected to grow very strongly.

This is a medium sized occupation (19,800 in November 2015) suggesting that opportunities may be limited in some regions.

Auditors have an above average proportion of full-time jobs (84.7 per cent). For Auditors working full-time, average weekly hours are 40.3 (compared to 40.2 for all occupations) and earnings are high - in the ninth decile.

The most common level of educational attainment for Auditors is Post Graduate/Graduate Diploma or Graduate Certificate (41.7 per cent).

Auditors are mainly employed in: Professional, Scientific and Technical Services; Public Administration and Safety; and Financial and Insurance Services.

Indicator

Level

Decile

How many workers are employed in this occupation?

19,800

6

How many work full-time (% share)?

84.7

7

What are the weekly earnings for full-time workers ($ before tax)?

1637

9

How does unemployment compare with other occupations?

below average

2

What has been the long-term employment growth - 10 years (%)?

71.8

9

What has been the medium-term employment growth - 5 years (%)?

41.7

10

What has been the short-term employment growth - 2 years (%)?

10.7

7

What will be the likely future employment growth for the next five years?

very strong growth

9

What will be the level of future job openings?

below average

4

Those Filipino professionals seeking to migrate permanently to Australia in 2017 as an Internal Auditor are invited to attend our SKILLSELECT ASSESSMENT SEMINAR on Saturday the 11th of February 2017 at our Makati City Office in our ENGLISH REVIEW and TRANING ROOMS.

Thank you and Mabuhay!

 

February 09, 2017