Is Public Accounting Experience Essential for Advancement in Internal Auditing?
After completing my college education a few years back, I embarked on a career in IT internal auditing with a prestigious Fortune 500 company. My responsibilities primarily revolve around IT auditing and Sarbanes-Oxley (SOX) compliance. I’m fortunate to enjoy a fully remote work environment, a respectable salary, and the perk of unlimited paid time off. However, there’s a notable distinction among my colleagues; many possess backgrounds in Big Four firms and public Accounting.
As I consider my long-term career trajectory, a question lingers—will my lack of public Accounting experience hinder my upward mobility? The preference for candidates with such backgrounds seems prevalent when applying for new positions. In response, I’ve been contemplating whether pursuing a Certified Information Systems Auditor (CISA) certification could bolster my career prospects.
In assessing whether public accounting experience is indispensable for success in internal auditing, especially within IT, the perspective varies. While large firm exposure and public accounting credentials are often seen as advantageous due to the technical expertise and industry insight they offer, many professionals have carved successful paths in internal auditing without them.
Focusing on enhancing your skill set through certifications like the CISA may indeed be a strategic move, as it demonstrates expertise and commitment to your field. Such credentials can help bridge the perceived gap between you and those with public accounting experience, making you a more attractive candidate for future endeavors.
Ultimately, the path to success can be multifaceted. While public accounting experience can undoubtedly open doors, building a diverse skill set and obtaining relevant certifications can also provide a significant boost to your career aspirations.
One response
It’s understandable to be contemplative about your career trajectory, especially when you’re surrounded by colleagues with different backgrounds. Public Accounting experience, particularly from the Big 4, has traditionally been viewed as a strong foundation for a career in internal Audit (IA) due to its rigorous training grounds and exposure to a variety of industries. However, it’s important to recognize that it is not the sole pathway to success in the field of internal auditing.
Understanding the Value of Public Accounting:
Public Accounting provides a broad-based experience, exposure to diverse workflows, and often establishes a strong network within the industry. The skill sets developed in a public accounting role, such as client engagement, project management, and comprehensive understanding of Audit processes, are highly valuable and make candidates attractive to employers later in their careers.
Assessing Your Current Role:
Your current role in IT internal Audit with a focus on SOX compliance is already highly valuable. As technology continues to proliferate the business world, IT audit experience has become increasingly sought after. The remote nature, along with decent pay and unlimited PTO, positions you well in terms of work-life balance—a perk that shouldn’t be underestimated.
Strategizing for Career Growth Without Public Accounting:
There’s no one-size-fits-all answer, but you can certainly build a successful career in internal audit without public accounting experience by focusing on several strategic areas:
Certifications and Education: Pursuing a Certified Information Systems Auditor (CISA) designation is a smart move. It solidifies your expertise in IT systems and controls, and can set you apart in the field. Additionally, consider other relevant certifications such as Certified Internal Auditor (CIA) or Certified in Risk and Information Systems Control (CRISC).
Skill Development and Specialization: Look for opportunities to broaden your skill set within your current role. This could include taking on new projects, implementing new audit technologies, or developing expertise in emerging areas like cybersecurity.
Networking and Mentorship: Although you may not have a public accounting background, networking within professional circles such as the Institute of Internal Auditors (IIA) or Information Systems Audit and Control Association (ISACA) can connect you with peers and mentors who can provide guidance and open up new opportunities.
Continuous Learning and Adaptability: Stay abreast of the latest trends in the industry through continuous learning. This could include attending workshops, completing online courses, or contributing to industry discussions. Being recognized as someone who is knowledgeable about current audit trends