Auditor Job Description – The aim of this article is to provide you with everything you need to know about working as an Auditor, ranging from the job description to the salary information.
Job Description of an Auditor
Auditors analyze financial documents and verify the accuracy of company financial records and tax statements. This job typically requires frequent travel from client to client, so auditors must have a reliable form of transportation.
The hours for this profession can be demanding, as auditors frequently work over 40 hours a week. They use excellent interpersonal and communication skills to build a relationship with clients, and they have a strong ability to analyze information and communicate results. People who find the most satisfaction in this field enjoy working proactively and solving problems.
Duties and Responsibilities
Although the responsibilities of an auditor are dependent on the employer and industry, the following duties are common:
- Examine Payroll and Tax Records: Auditors document payroll and tax records and use the necessary information to conduct audits and verify information accuracy. They look at a company’s finances, accounts, books, and documents.
- Improve Efficiency: In order to minimize losses and improve recoveries, auditors look closely at company processes and strive to improve efficiency. They conduct risk assessments to evaluate internal control processes and test the efficacy of such processes.
- Prepare Financial Documents: Auditors document financial information such as audit tests. Using this information, they produce documents to support audit results.
- Maintain Schedule with Clients: Auditors meet with a number of clients each week. Scheduling meetings and planning schedules, auditors are timely and professional when attending to their customers.
- Analyze and Summarize Information: Auditors communicate with their clients as they conduct audit tests. After analyzing the results, they give clear summaries of their findings.
Skills and Qualifications
- An auditor must possess a bachelor’s degree in accounting, business, finance, or a related field of study.
- Financial auditors can enhance their careers with a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Government Auditing Professional (CGAP), or Certified Financial Services Auditor (CFSA) license.
- Auditors need a strong familiarity with financial operations and regulations to recognize violations and non-compliance.
- An Auditor must have strong analytical skills in order to assess the accuracy of these documents, interpret information, and communicate results.
- An Auditor must be able to use computer software and technology to enhance their service to clients.
- Auditors must communicate effectively with their clients and must be comfortable discussing financial information.
- Auditors should have an understanding of general auditing principles and practices.
The salary range is presented below in a tabular form in different currencies:
|Dollar ($)||Naira (₦)||Pound (£)||Euro (€)|
|$42,000 – $120,000||₦ 12,871,320 – ₦36,775,200||£33,090 – £94,560||€37,390 – €106,820|
According to the Bureau of Labor Statistics (BLS), auditor jobs are expected to grow 10 percent in the next decade, which is faster than the average for all occupations. As demand for this profession grows, auditors with licenses (such as a CPA designation) will be more competitive in the field.
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