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Auditors
Auditors examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
Table of Contents
Job description
Auditors examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
- Prepare detailed reports on audit findings.
- Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
- Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
- Supervise auditing of establishments, and determine scope of investigation required.
Salary
Auditors with little to no experience tend to make between $43650 and $55070 while the more experienced ones can earn over $92910 per year.
| Top 5 paying states | Hourly | Annual |
|---|---|---|
| DC | $47 | $98,130 |
| NY | $46 | $96,300 |
| NJ | $43 | $90,400 |
| VA | $41 | $85,640 |
| CT | $41 | $84,890 |
One of the easiest ways to increase your salary as an Auditor is to move to a higher paying state like DC. Right now, the highest paying states for Auditors are DC, NY, NJ, VA and CT.
However, a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be twice as high than where you are currently at now.
Three other factors that can increase your salary as an Auditor is the degree you hold, the industry you work in, and lastly the company you work for.
Requirements
We asked other Auditors what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a Master’s Degree.
Other than that, we also asked them what did they major in and here are the most popular majors that came up.
| Accounting and Computer Science |
| Financial Forensics and Fraud Investigation |
| Accounting |
| Auditing |
| Accounting and Finance |
Pros and Cons
Here are some of the pros and cons of being an Auditor.
| PROS |
|---|
| Suitable for people who likes to follow routines |
| Suitable for people who wants independence and likes to work on their own and make decisions |
| This career is perfect for people who love to work indoors. |
| Very good salary |
| CONS |
|---|
| Not suitable for people who likes to work with designs |
| It is hard to get into this career. A considerable amount of work-related skill, knowledge, or experience is required for this career. |
| Long working hours (More than 40 hours per week) |
What is the job like
71% of Auditors said they were satisfied with their job and 38% said they feel like their job is making other people’s lives better.
Is this right for me
You can read more about these career personality types here.
People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas..
They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.
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Learn more about Auditors
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Related career information
Auditors job description, Auditors salary, Auditors information, what is the job of an Auditor like, pros and cons about Auditors, colleges and universities for Auditors, is Auditors the right career for me, careers in Business and Finance
Similar careers
Account Auditor, Accounting Auditor, Asset Analyst, Assurance Manager, Assurance Senior, Audit Manager, Audit Partner, Auditor, Auditor-in-Charge, City Auditor
