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.
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