Life As an Auditor
Auditor Definition Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
Life As an Auditor: What Do They Do?
- 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.
- Produce up-to-the-minute information, using internal computer systems, to allow management to base decisions on actual, not historical, data.
- Confer with company officials about financial and regulatory matters.
- Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
- Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
- Examine records, tax returns, and related documents pertaining to settlement of decedent’s estate.
Skills Needed to be an Auditor
Auditors state the following job skills are important in their day-to-day work.
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.
Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Other Auditor Job Titles
- Assurance Senior
- City Auditor
- Account Auditor
- Information Systems Auditor
- Compliance Auditor
Job Outlook for Auditors
There were about 1,397,700 jobs for Auditor in 2016 (in the United States). New jobs are being produced at a rate of 10% which is above the national average. The Bureau of Labor Statistics predicts 139,900 new jobs for Auditor by 2026. The BLS estimates 141,800 yearly job openings in this field.
The states with the most job growth for Auditor are Utah, Colorado, and Tennessee. Watch out if you plan on working in Maine, Alaska, or Ohio. These states have the worst job growth for this type of profession.
Average Auditors Salary
The salary for Auditors ranges between about $43,650 and $122,840 a year.
Auditors who work in District of Columbia, New York, or New Jersey, make the highest salaries.
How much do Auditors make in each U.S. state?
|State||Annual Mean Salary|
|District of Columbia||$98,130|
What Tools do Auditors Use?
Below is a list of the types of tools and technologies that Auditors may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Access
- Data entry software
- Microsoft Project
- Spreadsheet software
- Microsoft Visio
- Structured query language SQL
- Microsoft Dynamics
- IBM Notes
- Microsoft Visual Basic
- Google Docs
- Microsoft SQL Server
- Intuit QuickBooks
- Oracle PeopleSoft
How to Become an Auditor
Education needed to be an Auditor:
How Long Does it Take to Become an Auditor?
Where Auditors Work
Auditors work in the following industries:
Those who work as an Auditor sometimes switch careers to one of these choices:
More about our data sources and methodologies.
Featured Accounting / Finance Schools
|Request Info||Southern New Hampshire University You have goals. Southern New Hampshire University can help you get there. Whether you need a bachelor's degree to get into a career or want a master's degree to move up in your current career, SNHU has an online program for you. Find your degree from over 200 online programs. Learn More >|