Financial Auditor Video: Career Options for the Auditing Professions

Financial Auditor Video: Career Options for the Auditing Professions Transcript

Auditing professionals are eligible for employment in a broad range of industries and agencies. An accounting degree program can prepare students for this work and CPA certification. Vital toward the financial health of virtually every organization, auditors and accountants are in high demand. If you're a numbers person with a commitment to getting things right, an auditing career may be right for you.

Introduction

Auditing professionals work in private companies, government agencies and nonprofit organizations throughout the nation. They are primarily responsible for maintaining accurate records and helping organizations operate efficiently. Many of these professionals deal exclusively with financial records and spend the bulk of their time preparing and analyzing reports. It's important this work is performed accurately so that firms and organizations are in compliance with federal law and cognizant of their true financial situation. Auditors may have many different roles within organizations, from tax law specialists to internal resources auditing professionals. Regardless of their respective areas, all auditors are vital to the financial health of organizations.

Job Skills and Duties

Auditors' specific duties may vary significantly depending upon the setting and capacity in which they work. Those working in government agencies, for example, may be responsible for auditing individuals and firms suspected of financial wrongdoing. They may also review public records to detect mismanagement of government funds. Auditors in the private sector monitor the efficiency of their respective firms and work to eliminate waste and prevent fraud. This often entails close examination of financial records and tax statements. Annual reviews of organizational resources are also performed to ensure that funds and materials are being used efficiently. In carrying out these duties, auditors of all specialties must possess extraordinary attention to detail. They must also be thoroughly knowledgeable about aspects of law pertaining to their work. Advanced mathematical abilities are often required, as is familiarity with accounting software programs.

Training Required

The minimum education requirement for most auditing positions is a bachelor's degree in accounting or a related field. The profession is very competitive, however, with many employers seeking applicants who have a master's degree in accounting or business administration. Degree programs at the university level generally include courses in micro and macroeconomics, tax law and business communication. While many high-profile auditing positions often require advanced degrees, graduates of community colleges and business schools also have opportunities to enhance their training and credentials. Internships can also be hugely beneficial to graduates of all levels toward greater hire-ability. Most auditing professionals, upon completion of their education, take the national CPA exam to gain certification and eligibility for higher-ranking positions.

Well Known Jobs Within this Field of Expertise

Most people associate auditors with the Internal Revenue Service and penalizing individuals for fraudulent tax filings. While these auditing professionals are important, the field is actually much greater in scope. Auditing professionals are required in virtually every company, nonprofit organization and government agency. Those employed in large firms are in part responsible for an organization's financial health. Nonprofit organizations are also very much reliant on auditors for continued solvency. Auditing professionals in federal, state, and local agencies may be responsible for everything from oversight of the nation's financial markets to the daily operations of municipal governments. Additional auditing professionals may be self-employed and serve the needs of individual clients.

Conclusion

Auditing careers are generally well-suited for those who are good with numbers and exhibit superb attention to detail. Recent accounting scandals have also highlighted the importance of high ethical standards. Job prospects for those who complete auditing degrees are quite good, particularly for licensed CPAs. The profession also offers many opportunities for advancement for those with experience.

Sources

www.bls.gov/oco

Financial Auditor Video: Career Options for the Auditing Professions Related Articles

Schools you may like:

Popular Schools

The listings below may include sponsored content but are popular choices among our users.

Find your perfect school

What is your highest level of education?