How much does RA change as you climb up? Is it just being included in the risk assessment process and build on client relationships? What’s it like going to industry? My role gets me SOX experience rather than smaller IA engagements I worked on in the past. Is being too SOX heavy a bad thing?

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Right so I think I’m the right person for this.

I spent 5 and a half years in RA starting in IT audit at the very beginning and then moving to financial control, mostly SOx with the occasional internal audit piece. Couple of SOx secondments too, testing and remediation, countless implementation projects. I spent one and a half of those years as manager.

As I went up I got increasingly involved with thought leadership pieces, events such as round tables etc and in general market eminence, which is something you can only get as a super strong SC (which I like to think I was lol), or a manager. At manager you will have a harder time than at most grades as while expected to manage small teams and review their work, you are also still doing fieldwork of your own (unrealistic to think otherwise) and you are pushed to start building sales assists and credits. On SOx engagements you might increasingly get involved with more interesting bits such as scoping and impact assessment, but even the SMs and Directors don’t really do much beyond that, bar for programme governance and interaction with external auditors and Audit Committee (which on smaller pieces you can get even as a manager quite easily).

SMs and Directors sometimes get more “strategic” pieces like enterprise risk workshops etc, but ultimately it’s just a case of the focus shifting onto sales and relationship/programme management.

That’s why I left: couldn’t see myself doing that in the long run and the promotion prospects did not entice me anymore. A conversation with my main Director confirmed that’d be the path.

You can go into most risk, governance, control and compliance jobs, but if you manage to blag your way into a Finance team like I did, do: you have much more opportunities there. I’ve started with a role as “improvement manager” which suited my process redesign and control expertise while at the same time providing a good segway into a further-reaching career, prospectively.

Good luck 👍🍀

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Seems D1 has a solid and in depth response for the consulting side. I’ll speak in terms of industry because i spent about 3 years in industry in IT Audit and Internal Audit for two different organizations before coming to KPMG to do IT Audit. If you’re from a B4 firm, the brand carries heavily into industry and people always like the experience, even if it’s heavy SOX work you did. Corporate IA departments vary.

Some only focus on SOX, some focus on SOX, operational and IT Audits and others focus on operational, IT Audit, and specialized audits and outsource SOX to a third party. Ideally, you’d want to stay away from the organizations that just focus on SOX because it’s not really valued much and there’s no skills that you’re building. You’ll get pigeon holed and stuck with SOX roles after that. There are also quite few organizations who use IA as a talent feeder for other roles within the company. Basically industry varies wildly.

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