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What are Auditing jobs all about?
Auditors can be either internal or external to the company being audited. External auditors are independent. They have tests which they check against the financial records of the company in question, hoping to find an accurate and fair view of the profits or losses at the end of the year. Auditors help companies know exactly where they stand, functioning like a handy full-length mirror.
Mirror, Mirror, on the wall, how far is our share price likely to fall?
But auditors don't just deal with companies, but also large organisations included central and local government departments, auditing the public money spend and assessing potential savings which could be made. The job itself involves a lot of paperwork, checking balance sheets and profit and loss accounts to check accuracy, as well as communicating with members of the organisation to discuss transactions and financial dealings.
Internal auditors work either in the commercial field, or for public sector organisations. Some are self-employed and choose to specialise in a particular area of business. Often overseas opportunities exist for auditors in large, multi-national organisations.
External auditors work for a firm of chartered or certified accountants, the National Audit Office or the Audit Commission. The National Audit office audits central government departments and the Audit Commission audits local authorities and other public bodies.
Those who want to become an auditor need to register with a professional accountancy body and embark on a professional qualification in order to become an accountant. Strong candidates for auditing jobs tend to be employed in accountancy, financial management or audit post. Many work while studying and it tends to take between three and five years to complete, depending on the level of qualification itself and the knowledge and experience held when beginning.
Salaries in auditing tend to be reasonably generous; between sixteen and twenty-five thousand in the first year, going up to anywhere between twenty and forty thousand pounds depending on the individual, the location, and the size and financial performance of the organisation concerned.
If you're looking for interesting work in the finance sector, auditing could be a good choice. By helping companies and organisations get their finances in order, you could also be equipping yourself with knowledge and experience which can translate into a diverse range of financial career roles. You can also get paid handsomely in the process, after completing an education course which qualifies you as an accountant. Many people enjoy rewarding auditing careers.
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