What does an auditor do?
Ever wonder 'what is auditing and what does an auditor do?'. Well an auditor ensures that businesses are complying with laws and regulations by conducting assessments of systems, processes and information. Specifically, they might review financial documents, test control measures, and verify finance statements. Auditors always strive to provide an objective assessment, regardless of if they are external or internal to the organisation. Auditing helps businesses to maintain their integrity by providing evidence that they are accurately portraying their services, products and finances. Most auditors will have a specific area of expertise such as financial auditing, IT auditing or process auditing.Is a career as an auditor right for me?
Are you detail-orientated and enjoy problem-solving? If so, a career as an auditor may be ideal. Key auditor skills include:
- an ability to produce detailed and accurate work
- an aptitude for using computers
- excellent time management skills
- strong communication skills and analytical abilities
- good emotional intelligence.
How to become an auditor
Every journey to study is individual and there are several paths to reaching your career goals as an auditor. Typically, becoming an auditor starts with earning a degree in accounting, finance, or a related field. This foundational education provides the knowledge and skills required to assess financial systems, ensure compliance, and evaluate risk management processes. At UniSQ, we offer the following degrees in the area of auditing:Average salary per week
$1311
Future demand
Strong
Industries
Related careers
Source:
© Commonwealth of Australia
Last updated May 2024.
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Auditor FAQs
What is the average auditor salary in Australia?
An average auditor’s salary in Australia varies depending on experience, qualifications, and whether the role is in internal or external auditing. Please view the salary information on this page for further details.
Can an accountant be an auditor?
Yes, accountants can transition into auditing roles. While both professions involve financial expertise, auditing focuses more on reviewing and verifying financial data, whereas accounting is centred around preparing and managing financial information. To become an auditor, there are additional certifications, such as becoming a Certified Internal Auditor (CIA) or Chartered Accountant (CA), which can help accountants move into auditing roles.
Do you need a degree to be an auditor?
Most auditor roles require a degree in accounting, finance, or a related field. While a degree is essential for entry into the profession, professional certifications, such as the CPA (Certified Public Accountant), further enhance employability and career prospects.
What are the day-to-day responsibilities of an auditor?
An auditor’s duties and responsibilities include:
- assisting with equity management, debt management, securities, and taxation planning issues
- analysing and interpreting information on the financial standing, cost structures, and trading effectiveness of an organisation
- setting up or reorganising accounting systems, including computer-based systems
- conducting audits and investigations, and preparing financial statements and reports for management, shareholders, and governing and statutory bodies
- evaluating the cost-effectiveness and risks of operational processes, activities, policies, and systems
- setting up audit objectives and implementing audit methodologies, processes, and reporting criteria.
What is the demand like for auditors?
The demand for auditors remains strong in Australia and globally, driven by the need for organisations to maintain financial compliance and transparency. Auditors play a crucial role in identifying risks, improving processes, and ensuring regulatory adherence, making them essential across various industries, including finance, healthcare, government, and technology.
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