Career Description:
Auditing professionals play an important role in protecting
the financial health and integrity of the organizations they
serve. By
examining the work of accountants and verifying the accuracy
of
financial data, they provide a form of quality assurance in
the field of
finance and accounting. In addition to validating financial
information,
auditing professionals also make sure that internal controls
are
adequate to protect an organization against fraud, waste,
and costly
errors.
Labor Trends:
Employment in the field of auditing is expected to
increase significantly. Job growth will be spurred by
growth in the
population and economy, as well as the increasingly
complex legal
requirements related to taxes, financial reporting
standards, business
investments, mergers, and other financial matters.
Personal Attributes:
Auditing professionals must be analytical and
accurate, yet also good at working with people.
Because they are
entrusted with important financial data and systems,
they must have
exceptionally high standards of integrity.
Required Skills:
This field requires a thorough understanding of accounting
methods, systems, and business practices; government audit
standards and
procedures; and legal contracts and business law. An
aptitude for
mathematics and an ability to analyze, compare, and
interpret figures
quickly and accurately are also important. Oral and
written
communication
skills are necessary to explain the results of their work
to managers
and clients.
Required Experience:
Most employers require at least a bachelor’s degree in
finance, accounting, economics, or business
administration. Professional
recognition through certification or licensure
provides a distinct
advantage in the job market.
Working Conditions:
Most auditing work takes places in comfortable
offices. However, auditors employed by public
accounting firms and
government agencies may travel frequently to clients’
places of
business,
branches of their firm, or government facilities.