Auditor Work

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Auditor work is to assess, evaluate and verify the information, reports or projects of an organization to make sure that the information provided is valid and reliable. These auditors most of the times evaluate the financial and accounting reports of the organization. They may sometimes evaluate financial reports of individuals as well. Hence, these auditors should have in-depth knowledge of the transactions and reports they are dealing with. They should have ability to pay attention towards the details. To know more about auditor work read further.

Work Profile

Depending upon the organization and the department for which an auditor is working his job responsibilities may vary to some extent. However, their main objective is to analyze and prepare reports on profits and cost and thus help the management in taking appropriate decisions for the companies benefit. They also help the accounting and finance departments find flaws in their reports.

Job Responsibilities of Auditor Work:

• Conduct on-site audits and review the financial reports of the company
• Ensure that the reports presented are reliable and generate audit reports for further reference
• Suggest changes in the financial reports and operations of the company and evaluate tax liabilities
• Find out duplication, flaws, violation of laws and violation of management rules in the reports

Career Scope

An auditor may either work as internal auditor or external auditor. They have opportunities to work in almost all types of organizations as every organization has to maintain financial and accounting reports for their company. They may be either self-employed or work with an organization.

• Internal Auditors: An internal auditor works as an employee of the organization and conducts audits for the company periodically. They may audit the company every month, quarterly and yearly as well. They should possess a degree either in accounting or finance and should have experience of working in any relevant field. They work in coordination with the management and manage the accountants, public accountants and government accountants depending upon the organization they are working with.

• External Auditors: External auditors are the auditors who audit the company once in a year. They are basically self-employed and do not work for any single organization or firm. They work with firms that provide accounting and auditing services to business organization and individuals such as public accounting firms. They provide financial suggestions to the company.

Work Environment

Auditors have to work in coordination with employees of different departments for which they are conducting audit. Most of the times internal auditors do not have to travel as they work within the company they get necessary data from the employees at hand. External auditors may have to travel frequently to their clients offices and collect and analyze the important documents. They are most of the times busy during the time they are conducting audits and audits are not conducted frequently; once in a month, or once or twice in a year. Hence, auditors do not have a busy schedule throughout the month.

Current Industry Trends and Employer' Requirements

Employers seek individuals who have ability to highlight the details and expertise in accounting and finance. It is also essential that an individual should be graduate or post graduate in accounting or finance. A bachelor's degree or master's degree in Business Administration is also helpful for seeking an opportunity in this field.

Career Path and Growth Opportunities

Junior or assistant auditors have opportunities to work as senior auditors. As a senior auditor, an auditor has to supervise and guide the junior auditors in conducting audits. They also review work of the auditors in their team and assigns goals. Senior auditors are also paid much high amount as compared to junior assistants. Auditors may also work in other departments such as accounting and finance apart from audit department.

Hope, the above auditor work profile helps you in understanding the career opportunities in the field of auditing.