Auditors: Salary, Job Description, How To Be One and More

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Auditors jobs information
pros and cons of being an Auditor

Auditors

Other names for this job might include Account Auditor, Accounting Auditor, Asset Analyst, Assurance Manager, Assurance Senior, Audit Manager, Audit Partner, Auditor, Auditor-in-Charge, City Auditor


  • $75280
    Salary
  • 71%
    Job satisfaction
  • Quite Hard
    Becoming one
  • Medium
    Job growth
OwlGuru Rank

B+



Auditors: Know It All In 1 Minute


In this career summary, you will find out what the job of An Auditor is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Auditors examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.

  • Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
  • Prepare detailed reports on audit findings.
  • Supervise auditing of establishments, and determine scope of investigation required.
  • Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.

Read more about what does An Auditor really do at work and what is it like being and working as one.


Become one

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Salary

Average salary
$75280 per year

Hourly wage
$36.19 an hour


Auditors with little to no experience tend to make between $41400 and $52090 while the more experienced ones make over $89520 per year.

Top 5 paying statesHourlyAnnual
DC$44.71$93000
NY$44.05$91630
NJ$41.72$86770
MA$39.68$82540
AK$38.93$80980

1 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, MA and AK.

However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be 2x higher than where you are currently at now.

3 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 (bigger companies like the Fortune 500 companies tend to pay more).

Find out how much do successful Auditors make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
Bachelor’s Degree

We asked other Auditors what degree they had when they got the job and most of them said they had a Bachelors degree followed by Post-bachelor certificate.

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

Another popular question from our readers is what makes An Auditor successful or would they be good in this career.

Well, we found that most successful Auditors have these 5 skillsets.

Reading Comprehension
Critical Thinking
Active Listening
Speaking
Writing

In addition to that, 1 common characteristic among successful Auditors is they are good at Integrity. Here are the top 5 common characteristics.

Integrity
Attention to Detail
Analytical Thinking
Dependability
Persistence
= Hot in-demand that most employers are looking for

Read more about what it really takes to become An Auditor and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose An Auditor as your career.

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 workrelated skill, knowledge, or experience is required for this career.
Long working hours (More than 40 hours per week)


There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



What is the job like

Job satisfaction
71%

Is this job meaningful
38%


Working hours
More than 40 hours per week

Working schedule
Regular (Set schedule and routine)


On a normal working week Auditors work More than 40 hours per week.

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

Best personality for this career
The Organizers and The Persuaders


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.



How we can help

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They analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.






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Career type

Business and Finance
Computer Science
Business Financial Management and Accounting

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Related to Auditors 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, Quite Hard careers to get into, careers in Business and Finance

Additional resources

http://www.bls.gov/OOH/business-and-financial/accountants-and-auditors.htm
http://www.aacsb.edu/
http://www.aicpa.org/
http://www.imanet.org/

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Auditors
Written by: Stanley Tan
Auditors examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
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