What are the responsibilities of a auditors?
Auditors inspect organisations’ financial accounts to ensure they’re correct and comply with the law. Show What does an auditor do? Graduate salaries | Typical employers | Qualifications and training | Key skills Auditors review the accounts of companies and other organisations to ensure their financial records are correct and in line with the law. They could be inspecting the accounts of their own employer or those of another organisation, and they can also act in an advisory role to recommend risk aversion measures and cost savings. Typical duties include:
Auditors typically work standard office hours, plus some overtime or weekend working at busy times, particularly at the financial year end. When conducting audits for clients, they may be required to work from their client’s workplace. Discover more about careers in auditing (and assurance work, of which auditing is a type, more broadly). Graduate salariesAuditors’ salaries vary according to location and the type of employer. The National Audit Office offers a starting salary of £29,000 in London and £24,000 in Newcastle, for example, while you can expect the likes of the Big 4 professional services firms (Deloitte, EY, KPMG and PwC) to pay higher rates. According to a recent salary survey from the recruitment agency Hays UK, senior qualified auditors in the public practice of a private accountancy firm typically earn £33,000–£49,000 and directors £70,000–£110,000, depending on their location (with the lowest figures offered in Wales and Northern Ireland and the highest in London and the south east of England). Read more about the salaries and benefits in accountancy . Typical employers of auditorsAuditors can be either internal or external. Internal auditors may work:
External auditors may work:
Qualifications and training requiredThere are routes into a career in audit for both university graduates and school leavers, though routes differ depending on whether you are aiming for internal or external audit. External auditors first need to qualify as chartered accountants with a professional accounting body. For more information about how to do this, see our accountant job description . Alternatively, you can gain a qualification with the Chartered Institute of Public Finance and Accountancy (CIPFA) to work as an auditor in the public sector. You can also study for a professional accounting qualification while working for the National Audit Office, which offers a three-year graduate scheme. Achieving qualifications can take three to five years but you will work while studying. Employers often provide financial help with exams and allow time for study leave. Internal auditors do not have to qualify as accountants. You can apply with a degree in any discipline but subjects such as accountancy, economics and IT are particularly beneficial. School leavers can enter the profession by starting as a trainee auditor or apprentice. Key skills for auditors
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Auditor Job Description TemplateWe are looking for an organized, analytical auditor to help us examine our current policies and procedures and help us develop strategies to improve our internal control systems. The Auditor will meet with employees and managers to collect information, analyze data, identify problems and weaknesses, and help managers develop strategies to minimize or eliminate errors. To be a successful auditor, you should be focused on helping businesses optimize operations and ensuring that their policies and procedures are in compliance with current regulations. You should be knowledgeable, objective, logical, and detail-oriented. Auditor Responsibilities:
Auditor Requirements:
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