Accounting auditors are needed in both government and non-government jobs. Within the field of accounting, they have a very specific role. An auditor must be laser-focused, detail oriented and ready be willing to travel for certain positions. Excellent auditors can also go into business for themselves and command a lot of work.
The Bureau of Labor states that accountancy auditors are in-demand now and in the future. Before you decide to become and auditor, take a good, hard look at the kinds of positions that are available, what they pay, what schooling is required, the benefits you can get, where you are most likely to be hired (government or non government, east or west coast, etc.). Make sure that at the time you read this information, you are getting the best information that you can.
What is an auditor? Auditors are accountants that primarily deal with examining and corroborating financial statements. Auditors pour over financial statements and make sure that every penny is accounted for. Sometimes, inaccuracies and errors occur. Auditors will pinpoint where inaccuracies or errors exist, then offer suggestion
Why is this so important? Businesses need to make sure their financial engines are running smoothly. They can plug leaks in their cash flow and even find out if someone is stealing from then. These can be fixed, and keep the business’ finances running as efficient as ever.
The most well-known of auditors are tax auditors. The government has a matrix of people who are most likely to cheat or have substantial errors on their taxes. Auditors are sent in to go through financial statements and expenses to make sure that taxes are being paid correctly. They will also inspect tax returns that look suspicious. In this case, it behooves a business or sole proprietorship to hire an auditor to prevent an IRS audit. If they get audited anyway, then they don’t have to worry – they know that all of their mistakes were taken care of.
If you want to become an auditor, then you also need to be comfortable with computers. Computer software, spreadsheets and other programs are used to keep track of all expenses and income. Software can update frequently. Thankfully, accounting software programmers are striving to make accounting easier, less messy and more mobile. That makes your job a lot easier!
If you want to pursue a career in auditing, you will need a Bachelor’s degree in accounting. In some states, you will need certifications. The more credentials you have, the better your shot at getting hired, commanding a higher salary or getting clients. Look at what the state requires, whether it’s in the state you live in or the state you plan to practice accounting in.
Starting salaries are reasonable. Work hard and your salary should increase. Keep up with your education, certifications and other add ons. If accounting is your passion, choose an accountancy auditing career.
My friends over at TheEdification created an excellent infographic that breaks down online education, tuition costs, college enrollment, and the future of education (MOOC’s). You’ll be happy to know that accounting is the second most sought after online degree.