Title: The Role of an Auditor | Career Trend
Headings: The Role of an Auditor
The Role of an Auditor
Education and Pay
Internal Control
Financial Review
Regulatory Monitoring

Content: The Role of an Auditor | Career Trend
Bloom Productions/DigitalVision/GettyImages
The Role of an Auditor
Marquis Codjia
Updated August 21, 2019
Share It
Share
Tweet
Post
Email
Print
Growth Trends for Related Jobs
Loan Officers $64,660/year /> 2012-2016 +5.1%
Roofers $38,970/year /> 2012-2016 +18.5%
Auditors help top leadership manage corporate affairs, providing guidance on various issues ranging from financial accuracy to internal controls to regulatory compliance. Auditors also help department heads identify tools and methodologies to improve operating activities, putting companies on a more financially sustainable path. Experienced corporate reviewers generally possess accounting knowledge and financial acumen. Education and Pay
A four-year college degree is the minimum educational requirement for many auditor jobs, according to the U.S. Bureau of Labor Statistics Occupational Outlook Handbook, 2010-11 Edition. However, employers typically require a master's degree for senior roles. Typical college coursework includes accounting, financial auditing, investment analysis, tax planning, economics and regulatory compliance. Professional certification carries prestige, and most senior auditors or those working for large, multinational companies have one or more designations. These include certified public accountant, certified internal auditor, certified financial services auditor and certified quality auditor. Compensation levels for auditors depend on the state of the economy, the company they work for and their professional credentials. As of 2010, an auditor had an average earning power of $70,000, according to online job resource Indeed.