Your Career in Auditing  Mary Anne Burke
Create positive change <ul><li>Look at your company’s armor </li></ul><ul><li>Empower your IA career </li></ul><ul><li>Aud...
Developing Talent <ul><li>Take a long term view  </li></ul><ul><li>Keep staff challenged and grow professionally  </li></u...
Retention and Corporate Culture <ul><li>Collaborative, supportive team players </li></ul><ul><li>Desirable place to work <...
  The art of possibilty …  <ul><li>Unique  </li></ul><ul><li>Industry  credentials  and  certifications </li></ul><ul><li>...
What is the Persuasive  evidence?  <ul><li>First:   Companies are now gaining insights that managing  talent within the au...
What is the Persuasive evidence? <ul><li>Second:    It is essential that the global skills inventory of the  &quot;best an...
What is the Persuasive evidence? <ul><li>Third:   There is a shortage of talent.   </li></ul><ul><li>Noted is the high eth...
<ul><li>We all need to sharpen our skills and ‘audit our own careers’   </li></ul><ul><li>“ Do what you do best’ !   </li>...
Designing a Career in Auditing is <ul><li>Time consuming </li></ul><ul><li>A badge of honor </li></ul><ul><li>Gratifying <...
Challenges of Developing a Global  Workforce <ul><li>Changes in demographics </li></ul><ul><li>The demands of Gen Y and X ...
Empower Your Audit Career Today <ul><li>Attend  networking groups </li></ul><ul><li>Listen carefully </li></ul><ul><li>  U...
Empower Your Audit Career Today <ul><li>Think and Listen more carefully than ever before </li></ul><ul><li>Share your ener...
Global trends in covering international operations
The talent war has gone global—and so have talent shortages
BRAIN POWER
Rock Star Status ! <ul><li>Situation </li></ul><ul><li>Task </li></ul><ul><li>Action </li></ul><ul><li>Results </li></ul>
“ IMPORTANT  Essential skills” <ul><li>Being viewed as a leader  </li></ul><ul><li>Extensive travel to see operations  </l...
Different career paths <ul><li>Industry: SEC and non SEC req’s </li></ul><ul><li>Governmental: req’s </li></ul><ul><li>Con...
Choices <ul><li>Operational  </li></ul><ul><li>Financial </li></ul><ul><li>Information Technology  </li></ul><ul><li>Fraud...
The government agencies with the highest rates of job satisfaction   <ul><li>1. Office of Management and Budget </li></ul>...
Results-Oriented Resumes <ul><li>Contact Information </li></ul><ul><li>Executive Summary </li></ul><ul><li>Experience  </l...
The interview  <ul><li>Demand for salaries ; balancing perception with reality and expectation </li></ul><ul><li>Pulse of ...
<ul><li>What do you know about our company? </li></ul><ul><li>Before you go into the interview , you want to research the ...
IMPORTANT <ul><li>Well educated </li></ul><ul><li>Well certified </li></ul><ul><li>Strong prior experience </li></ul><ul><...
 
Networks and Social Media <ul><li>Facebook </li></ul><ul><li>Twitter </li></ul><ul><li>Linked-In </li></ul>
Knowledge is power …     <ul><li>Certified Public Accountant ( CPA ) </li></ul><ul><li>Certification in Control Self Asses...
Key Success Factors for Today’s Auditors <ul><li>1. ID Behavioral  Competencies </li></ul><ul><li>2.  Utilize behavioral i...
THANK YOU FERGUSON & BURKE  Retained Executive Search   People are your most valued asset to  your company  703.360.2323  ...
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Audit Careers

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A strategic overview of the careers within audit profession.

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Audit Careers

  1. 1. Your Career in Auditing Mary Anne Burke
  2. 2. Create positive change <ul><li>Look at your company’s armor </li></ul><ul><li>Empower your IA career </li></ul><ul><li>Audit Makeover </li></ul><ul><li>Be proactive </li></ul><ul><li>Get management buy in </li></ul><ul><li>Longevity </li></ul>
  3. 3. Developing Talent <ul><li>Take a long term view </li></ul><ul><li>Keep staff challenged and grow professionally </li></ul><ul><li>Rotational programs </li></ul><ul><li>Encourage cross training </li></ul><ul><li>Career planning sessions </li></ul><ul><li>Mentoring </li></ul>
  4. 4. Retention and Corporate Culture <ul><li>Collaborative, supportive team players </li></ul><ul><li>Desirable place to work </li></ul><ul><li>Provide interaction with management </li></ul><ul><li>Personal contributions and success of the business </li></ul><ul><li>Encourage networking </li></ul><ul><li>Give employees more responsibility </li></ul>
  5. 5. The art of possibilty … <ul><li>Unique </li></ul><ul><li>Industry credentials and certifications </li></ul><ul><li>Education advancement </li></ul><ul><li>Various soft skills and characteristics </li></ul><ul><li>Flexible solutions </li></ul><ul><li>Sustainable goals </li></ul><ul><li>Continuous improvement </li></ul><ul><li>Guiding and integrating the autonomous but interconnected work of highly skilled people. </li></ul>
  6. 6. What is the Persuasive evidence? <ul><li>First:   Companies are now gaining insights that managing talent within the auditing world is critical to the long term success for their companies. </li></ul><ul><li>    Companies need to be more responsive: and to maintain and keep their investments i.e. people.  </li></ul><ul><li>People are a company's most cherished intellectual asset.  </li></ul><ul><li>Success begins, and gains momentum. </li></ul>
  7. 7. What is the Persuasive evidence? <ul><li>Second:   It is essential that the global skills inventory of the &quot;best and the brightest&quot; be challenged.  </li></ul><ul><li>We must constantly ask ourselves: </li></ul><ul><li>“ What can we do to improve the audit industry and to improve our own career?”   </li></ul><ul><li>As we all know ‘one person can make a difference’. </li></ul>
  8. 8. What is the Persuasive evidence? <ul><li>Third:   There is a shortage of talent.   </li></ul><ul><li>Noted is the high ethical standard we place on the industry. </li></ul><ul><li>The key to success is in the fabric of our people.  </li></ul><ul><li>One of the most important things I tell my clients is once we hire an audit professional we need to boost the long term employability – to keep skills, and share knowledge.  </li></ul><ul><li>This is the basis on which the IIA and ISACA builds &quot;sharing knowledge&quot;.  </li></ul><ul><li>Sharing the knowledge is what it is all about </li></ul>
  9. 9. <ul><li>We all need to sharpen our skills and ‘audit our own careers’  </li></ul><ul><li>“ Do what you do best’ !  </li></ul><ul><li>Let’s reflect on the conclusions of our establishment </li></ul><ul><li>There is a message to share in my work </li></ul>Persuasive evidence
  10. 10. Designing a Career in Auditing is <ul><li>Time consuming </li></ul><ul><li>A badge of honor </li></ul><ul><li>Gratifying </li></ul><ul><li>Uncertain </li></ul><ul><li>Exciting </li></ul><ul><li>A learning experience </li></ul><ul><li>Positive </li></ul><ul><li>Complex when dealing with </li></ul><ul><li>scheduling conflicts, and travel </li></ul><ul><li>People skills </li></ul><ul><li>Discipline </li></ul><ul><li>Vision: knowing what you want …and being able to attain it </li></ul><ul><li>Momentum / Cyclical </li></ul><ul><li>Timing </li></ul><ul><li>Challenging </li></ul><ul><li>Rewarding experience for all </li></ul><ul><li>Critical to your success </li></ul>
  11. 11. Challenges of Developing a Global Workforce <ul><li>Changes in demographics </li></ul><ul><li>The demands of Gen Y and X </li></ul><ul><li>Increasing diversity </li></ul><ul><li>New technologies have eliminated barriers of distance, time, boundaries. </li></ul><ul><li>Changing risk profile </li></ul><ul><li>Are we hiring the right skills for the task? </li></ul>
  12. 12. Empower Your Audit Career Today <ul><li>Attend networking groups </li></ul><ul><li>Listen carefully </li></ul><ul><li> Update your resume </li></ul><ul><li> Hear with your eyes </li></ul><ul><li>Find a mentor </li></ul><ul><li>Share your knowledge with others </li></ul><ul><li>Mentor others </li></ul><ul><li> </li></ul><ul><li>Sharing is power </li></ul>
  13. 13. Empower Your Audit Career Today <ul><li>Think and Listen more carefully than ever before </li></ul><ul><li>Share your energy and your knowledge </li></ul><ul><li>Make interviewing part of your every day communication </li></ul><ul><li>Teach others about what you have learned here at U of MD </li></ul><ul><li>Be proud of you and your auditing career </li></ul><ul><li> People around the world depend on you </li></ul>
  14. 14. Global trends in covering international operations
  15. 15. The talent war has gone global—and so have talent shortages
  16. 16. BRAIN POWER
  17. 17. Rock Star Status ! <ul><li>Situation </li></ul><ul><li>Task </li></ul><ul><li>Action </li></ul><ul><li>Results </li></ul>
  18. 18. “ IMPORTANT Essential skills” <ul><li>Being viewed as a leader </li></ul><ul><li>Extensive travel to see operations </li></ul><ul><li>Truly understand the business strategies, grasping the business challenges and analyze business processes. </li></ul><ul><li>Determining the skill set you can offer - testing, assessment, guides OR practical and accurate planning based on judgment </li></ul>
  19. 19. Different career paths <ul><li>Industry: SEC and non SEC req’s </li></ul><ul><li>Governmental: req’s </li></ul><ul><li>Consulting : req’s </li></ul>
  20. 20. Choices <ul><li>Operational </li></ul><ul><li>Financial </li></ul><ul><li>Information Technology </li></ul><ul><li>Fraud </li></ul><ul><li>ERM </li></ul>
  21. 21. The government agencies with the highest rates of job satisfaction <ul><li>1. Office of Management and Budget </li></ul><ul><li>2. Nuclear Regulatory Commission </li></ul><ul><li>3. NASA </li></ul><ul><li>4. National Science Foundation </li></ul><ul><li>5. Justice Department </li></ul><ul><li>6. State Department </li></ul><ul><li>7. National Credit Union Administration </li></ul><ul><li>8. Social Security Administration </li></ul><ul><li>9. U.S. Agency for International Development </li></ul><ul><li>10. General Services Administration </li></ul>
  22. 22. Results-Oriented Resumes <ul><li>Contact Information </li></ul><ul><li>Executive Summary </li></ul><ul><li>Experience </li></ul><ul><li>Key Accomplishments </li></ul><ul><li>Education </li></ul><ul><li>Professional Associations, Board Affiliations, Awards and </li></ul><ul><li>Publications </li></ul><ul><li>Languages </li></ul>
  23. 23. The interview <ul><li>Demand for salaries ; balancing perception with reality and expectation </li></ul><ul><li>Pulse of the industry </li></ul><ul><li>Commitment </li></ul><ul><li>Preparedness </li></ul><ul><li>Sustainability of your career with the company, agency, firm, organization </li></ul>
  24. 24. <ul><li>What do you know about our company? </li></ul><ul><li>Before you go into the interview , you want to research the company so you know as much as possible about its products , size, quarterly revenues , image, reputation, management , history , philosophy , goals, problems, </li></ul><ul><li>and competitors . Communicate that you have made a conscious choice to target this company because of the great things that you know about it. </li></ul>“ Be prepared for questions”
  25. 25. IMPORTANT <ul><li>Well educated </li></ul><ul><li>Well certified </li></ul><ul><li>Strong prior experience </li></ul><ul><li>Industry certified </li></ul>
  26. 27. Networks and Social Media <ul><li>Facebook </li></ul><ul><li>Twitter </li></ul><ul><li>Linked-In </li></ul>
  27. 28. Knowledge is power … <ul><li>Certified Public Accountant ( CPA ) </li></ul><ul><li>Certification in Control Self Assessment ( CCSA ) </li></ul><ul><li>Certified Internal Auditor ( CIA ) </li></ul><ul><li>Certified Information Systems Auditor ( CISA ) </li></ul><ul><li>Certified Bank Auditor ( CBA ) </li></ul><ul><li>Certified Computer Professional ( CCP ) </li></ul><ul><li>Certified Financial Services Auditor ( CFSA ) </li></ul><ul><li>Certified Gov’t Auditing Professional (CGAP) </li></ul>
  28. 29. Key Success Factors for Today’s Auditors <ul><li>1. ID Behavioral Competencies </li></ul><ul><li>2. Utilize behavioral interviewing skills </li></ul><ul><li>3. Be a S.T.A.R. </li></ul><ul><li>4. Determine the essential skills </li></ul><ul><li>5. Be an “A” Player </li></ul><ul><li>6. Demonstrate Personal Integrity </li></ul><ul><li>7. Leadership can always be improved upon </li></ul><ul><li>8. Be a team player yourself and surround yourself with team players </li></ul><ul><li>9. Exercise Operational Efficiency </li></ul><ul><li>10. Be prepared for any question you may be asked </li></ul><ul><li>11. Think ahead and anticipate that changes will and do occur </li></ul><ul><li>12. Value Ethics </li></ul>
  29. 30. THANK YOU FERGUSON & BURKE Retained Executive Search People are your most valued asset to your company 703.360.2323 800 .401.2323 [email_address]

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