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What Do Auditor Do?

Job Description: Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.

Daily Life Of an Auditor

  • Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
  • Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.
  • Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.
  • Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.
  • Produce up-to-the-minute information, using internal computer systems, to allow management to base decisions on actual, not historical, data.
  • Conduct pre-implementation audits to determine if systems and programs under development will work as planned.

Auditor Skills

Auditors state the following job skills are important in their day-to-day work.

Reading Comprehension: Understanding written sentences and paragraphs in work related documents.

Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Writing: Communicating effectively in writing as appropriate for the needs of the audience.

Speaking: Talking to others to convey information effectively.

Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.

Types of Auditor Jobs

  • Internal Auditor
  • Medical Auditor
  • Auditor
  • Compliance Auditor
  • Audit Manager

What Kind of Auditor Job Opportunities Are There?

In 2016, there was an estimated number of 1,397,700 jobs in the United States for Auditor. New jobs are being produced at a rate of 10% which is above the national average. The Bureau of Labor Statistics predicts 139,900 new jobs for Auditor by 2026. Due to new job openings and attrition, there will be an average of 141,800 job openings in this field each year.

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The states with the most job growth for Auditor are Utah, Colorado, and Tennessee. Watch out if you plan on working in Maine, Alaska, or Ohio. These states have the worst job growth for this type of profession.

Average Auditors Salary

The average yearly salary of an Auditor ranges between $43,650 and $122,840.

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Auditors who work in District of Columbia, New York, or New Jersey, make the highest salaries.

How much do Auditors make in each U.S. state?

State Annual Mean Salary
Alabama $70,310
Alaska $82,920
Arizona $69,190
Arkansas $67,700
California $84,430
Colorado $82,320
Connecticut $84,890
Delaware $78,120
District of Columbia $98,130
Florida $71,790
Georgia $75,930
Hawaii $65,580
Idaho $66,110
Illinois $81,060
Indiana $70,780
Iowa $67,030
Kansas $66,530
Kentucky $67,080
Louisiana $66,860
Maine $70,810
Maryland $82,610
Massachusetts $81,460
Michigan $74,370
Minnesota $72,480
Mississippi $62,850
Missouri $70,240
Montana $66,410
Nebraska $67,920
Nevada $66,600
New Hampshire $72,690
New Jersey $90,400
New Mexico $66,370
New York $96,300
North Carolina $76,880
North Dakota $61,870
Ohio $72,370
Oklahoma $73,040
Oregon $71,450
Pennsylvania $75,250
Rhode Island $81,090
South Carolina $64,750
South Dakota $65,800
Tennessee $69,690
Texas $80,200
Utah $70,980
Vermont $75,360
Virginia $85,640
Washington $78,970
West Virginia $68,160
Wisconsin $68,410
Wyoming $66,180

What Tools do Auditors Use?

Although they’re not necessarily needed for all jobs, the following technologies are used by many Auditors:

  • Microsoft Excel
  • Microsoft Word
  • Microsoft Office
  • Microsoft PowerPoint
  • Microsoft Access
  • Data entry software
  • SAP
  • Microsoft Project
  • Spreadsheet software
  • Microsoft Visio
  • Structured query language SQL
  • Microsoft Dynamics
  • SAS
  • IBM Notes
  • Microsoft Visual Basic
  • Google Docs
  • UNIX
  • Microsoft SQL Server
  • Intuit QuickBooks
  • Oracle PeopleSoft

How do I Become an Auditor?

What education is needed to be an Auditor?

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What work experience do I need to become an Auditor?

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Where do Auditors Work?

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The table below shows some of the most common industries where those employed in this career field work.

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Those who work as an Auditor sometimes switch careers to one of these choices:

References:

Image Credit: Pixabay via CC0 License

More about our data sources and methodologies.

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