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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.

Forecasted Number of Jobs for Auditors in U.S.

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.

Salary Ranges for Auditors

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
Alabama $70,310
Alaska $82,920
Arizona $69,190
Arkansas $67,700
California $84,430
Colorado $82,320
Connecticut $84,890
Delaware $78,120
District of Columbia $98,130
Florida $71,790
Georgia $75,930
Hawaii $65,580
Idaho $66,110
Illinois $81,060
Indiana $70,780
Iowa $67,030
Kansas $66,530
Kentucky $67,080
Louisiana $66,860
Maine $70,810
Maryland $82,610
Massachusetts $81,460
Michigan $74,370
Minnesota $72,480
Mississippi $62,850
Missouri $70,240
Montana $66,410
Nebraska $67,920
Nevada $66,600
New Hampshire $72,690
New Jersey $90,400
New Mexico $66,370
New York $96,300
North Carolina $76,880
North Dakota $61,870
Ohio $72,370
Oklahoma $73,040
Oregon $71,450
Pennsylvania $75,250
Rhode Island $81,090
South Carolina $64,750
South Dakota $65,800
Tennessee $69,690
Texas $80,200
Utah $70,980
Vermont $75,360
Virginia $85,640
Washington $78,970
West Virginia $68,160
Wisconsin $68,410
Wyoming $66,180

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
  • SAP
  • Microsoft Project
  • Spreadsheet software
  • Microsoft Visio
  • Structured query language SQL
  • Microsoft Dynamics
  • SAS
  • IBM Notes
  • Microsoft Visual Basic
  • Google Docs
  • UNIX
  • Microsoft SQL Server
  • Intuit QuickBooks
  • Oracle PeopleSoft

How to Become an Auditor

Education needed to be an Auditor:

Auditor Degree Level

How Long Does it Take to Become an Auditor?

Auditor Work Experience

Where Auditors Work

Auditor Sectors

Auditors work in the following industries:

Auditor Industries

Those who work as an Auditor sometimes switch careers to one of these choices:

References:

Image Credit: Pixabay via CC0 License

More about our data sources and methodologies.

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