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Life As an Auditor

Occupation Description Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.

List of Auditor Job Duties

  • Prepare, analyze, and verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.
  • Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.
  • Supervise auditing of establishments, and determine scope of investigation required.
  • Confer with company officials about financial and regulatory matters.
  • Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
  • Audit payroll and personnel records to determine unemployment insurance premiums, workers’ compensation coverage, liabilities, and compliance with tax laws.

Things an Auditor Should Know How to Do

These are the skills Auditors say are the most useful in their careers:

Reading Comprehension: Understanding written sentences and paragraphs in work related documents.

Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Writing: Communicating effectively in writing as appropriate for the needs of the audience.

Speaking: Talking to others to convey information effectively.

Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Other Auditor Job Titles

  • Internal Audit Manager
  • Audit Partner
  • Internal Auditor
  • Payroll Auditor
  • Asset Analyst

Are There Job Opportunities for Auditors?

There were about 1,397,700 jobs for Accountants and Auditors in 2016 (in the United States).

New jobs are being produced at a rate of 10% which is lower than average. The Bureau of Labor Statistics predicts 139,900 new jobs for Auditors by 2026. Due to new job openings and attrition, there will be an average of 141,800 job openings in this field each year.

Forecasted Number of Jobs for Auditors in U.S.

The states with the most job growth for Accountants and Auditors are Texas, New York, and California.

Watch out if you plan on working in Maine, Alaska, or Wyoming. These states have the worst job growth for this type of profession.

How Much Does an Auditor Make?

The average yearly salary of an Auditor ranges between $43,650 and $122,840. An Auditor median salary is $70,500.

Salary Ranges for Auditors

How much do Accountants and Auditors make in each U.S. state?

Annual Mean Salary by State
State Annual Mean Salary

District of Columbia

$98,130

New York

$96,300

New Jersey

$90,400

Virginia

$85,640

Connecticut

$84,890

California

$84,430

Alaska

$82,920

Maryland

$82,610

Colorado

$82,320

Massachusetts

$81,460

Rhode Island

$81,090

Illinois

$81,060

Texas

$80,200

Washington

$78,970

Delaware

$78,120

North Carolina

$76,880

Georgia

$75,930

Vermont

$75,360

Pennsylvania

$75,250

Michigan

$74,370

Oklahoma

$73,040

New Hampshire

$72,690

Minnesota

$72,480

Ohio

$72,370

Florida

$71,790

Oregon

$71,450

Utah

$70,980

Maine

$70,810

Indiana

$70,780

Alabama

$70,310

Missouri

$70,240

Tennessee

$69,690

Arizona

$69,190

Wisconsin

$68,410

West Virginia

$68,160

Nebraska

$67,920

Arkansas

$67,700

Kentucky

$67,080

Iowa

$67,030

Louisiana

$66,860

Nevada

$66,600

Kansas

$66,530

Montana

$66,410

New Mexico

$66,370

Wyoming

$66,180

Idaho

$66,110

South Dakota

$65,800

Hawaii

$65,580

South Carolina

$64,750

Mississippi

$62,850

North Dakota

$61,870

Tools & Technologies Used by Auditors

Below is a list of the types of tools and technologies that Auditors may use on a daily basis:

  • Microsoft Visio
  • Qlik Tech QlikView
  • IBM Notes
  • Microsoft Dynamics GP
  • Google Docs
  • SAS
  • Lawson ERP
  • Microsoft Visual Basic
  • R
  • SAP

Who Employs Auditors?

Auditor Sectors

You May Also Be Interested In…

Career changers with experience as an Auditor sometimes find work in one of the following fields:

  • Sales Agents, Financial Services

References

Bureau of Labor Statistics

College Factual

O*NET Online

Image Credit: Via Wikimedia Commons

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