What does an Auditor do?
An Auditor is a professional that companies hire to review their financial documents, data, statements and accounting entries for accuracy and legal compliance. Auditors research and gather information from an organization’s account balances, various financial statements, balance sheets, financial reporting systems and tax returns. Using this information, Auditors ensure there are no gross errors or fraud and that the company’s financial data is presented in a fair and accurate way. These financial professionals work either as independent contractors or are hired as part of a company’s financial department.
Auditor skills and qualifications
Candidates with accounting, business, taxation law certifications and other relevant courses may be stronger candidates. Other skills may include:
- Interest and ability for math and financial systems
- Ability to make independent decisions, staying objective at all times
- Good knowledge of spreadsheets and excellent presentation skills
- Thorough understanding of business requirements and problem-solving skills
- Practical and excellent communication skills
Auditor salary expectations
An Auditor makes an average salary of $66,447 per year without factoring bonuses, commissions and overtime. The salary of an Auditor is subject to changes in market value and the urgency of the role. The average tenure for a person in this position is one to three years.
Auditor education and training requirements
A person who applies for the role of an Auditor should at least have a bachelor’s degree in accounting, finance or an equivalent. Candidates with a master’s degree in accounting or equivalent may be preferred. The ideal candidate should be a certified public accountant (CPA) or certified internal auditor (CIA).
Auditor experience requirements
The person applying for the Auditor’s role should have at least 1 to 3 years of work experience with a private or public company. They should also have 1 to 3 years’ experience handling complex auditory requirements independently or in a team. The best candidate is someone who has worked previously with or under a finance head, CFO or someone who was directly responsible for overseeing all financial obligations in the company. Thorough experience in developing financial reports and compliance is desirable.
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