VP of Internal AuditJob Description

A VP of Internal Audit typically reports to the CAE and manages specific audit functions or regions, while the CAE holds the top position with full responsibility for the entire internal audit department. In smaller organizations, these roles may be combined. The VP role focuses more on execution, while the CAE emphasizes strategy and board relations.

Yes, strong candidates often come from corporate internal audit departments, regulatory agencies, or industry-specific backgrounds. Prioritize demonstrated leadership in audit programs, relevant certifications (CPA/CIA), and experience with your industry's regulatory environment. Big Four experience is valuable but not mandatory if other qualifications are strong.

Leadership abilities should take priority for this executive role, as the VP will manage teams rather than perform detailed audit work. Look for candidates who demonstrate strategic thinking, stakeholder management, and team development skills alongside solid technical foundations. They need to translate audit findings into business insights for senior leadership.

Present case studies involving complex control failures or risk scenarios and ask them to outline their audit approach. Request examples of how they've handled board presentations or management disagreements. Have them review sample audit reports and provide improvement recommendations to assess their practical judgment.

Watch for candidates who lack board-level communication experience, show resistance to technology adoption, or demonstrate inflexibility in audit approaches. Poor examples of stakeholder management, inability to articulate risk-based thinking, or gaps in regulatory knowledge are concerning. Avoid candidates who focus solely on compliance rather than adding strategic value.