There are many career choices within the accounting field, and accountancy auditing careers is just one. Auditing is essential, and it is considered an integral part of business finances. Auditors are greatly needed to examine, analyze, and verify the business finances.
The Bureau of Labor claims that accountancy auditors are in demand now and in the future. Employment of auditors is expected to increase eventually. If you’re still looking for an accountancy career, you might want to consider working as a company auditor.
What is an auditor? Auditors are also accountants. However, they primarily deal with examining and corroborating financial statements. The various statements are examined closely, and the auditors make sure that everything will ‘add up.’ Sometimes, inaccuracies and errors occur. The auditor’s task is to determine where these inaccuracies or errors exist. Aside from that, auditors develop specific courses of action to avoid future errors.
You’re pretty wrong if you think the auditor’s task is simply scrutinizing financial statements. Auditors examine the various company bills and ensure debit and credit accuracy. Errors are immediately corrected to avoid financial problems.
Government auditors are different from non-government auditors. You see, they are the ones who examine from a different perspective – the tax perspective. Some filed tax returns are suspicious, so the government auditors’ task is to audit the individual or business entity and check for accuracy. A perfect example is a business filing a tax return, claiming they incurred many expenses.
IRS auditors will then check the expenses to ensure they meet the tax code criteria. The company can be penalized if it does not meet the criteria. Most tax auditors have bad reputations, but they deserve more than that. Being a government auditor is among the top accountancy careers because it ensures that people are honest enough to file their tax returns and that the government will not be cheated.
An accountancy career is technology-driven. Many years ago, auditors worked manually, but nowadays, it’s different. Present-day auditors should know how to work with computers and complicated accounting software or programs. This is the only way to keep up with technology and stay competitive.
To become a company auditor someday, you must graduate with a bachelor’s accounting degree. Certifications are often needed, although some states don’t require them. More job opportunities are open to those who earned a Master’s degree and some certification.
Salary is a critical consideration when choosing a career. Auditors are earning a yearly salary of about $74,000. Senior auditors receive higher salaries, reaching as high as $120,000 annually. However, if you’re a new auditor, you can earn about $65,000 per year. You see, accountancy careers let you earn big money.
Starting salaries are reasonable, and don’t worry because, after several years, your salary will increase. If accounting is your passion, choose an accountancy auditing career. Despite the bad reputations of auditors, you should still believe in yourself and that you’re going to have a decent job that lets you earn a reasonable salary.
Who cares what other people say? The important thing is that you’re doing an excellent job.