Future Career in Audit - Accounting Degree Graduate Work

Accountancy auditing is just another lucrative career in the field of accounting. Businesses depend deeply on auditing and it is an essential key to the success of any business. Auditors are responsible for examining, analyzing, and verifying business finances.

Accounting auditors are in high demand according to the BLC (The Bureau of Labor Claims). Therefore, the auditing career field will continue to be in high demand for many years to come. People who are interested in working as an accountancy auditor should consider starting out with a company before going to the government.

What is an auditor?

Auditors are also considered accountants. The difference is that they mainly work with examining and corroborating financial statements. Auditors make sure that the numbers always adds up and examines statements closely. However, auditors are human and errors can occur. Finding out where inaccuracies or errors exist is the main job of the auditor. Avoiding future errors will also fall in the lap of the accountancy auditor.

You are quite wrong if you think that an auditor's only job is to examine simple financial statements. Looking over company bills and ensuring debit and credit accuracy is also a task for an auditor. To avoid financial problems auditors quickly correct financial problems.

There are government auditors and nongovernment auditors; the difference between them is that government auditors mainly concentrate on the tax side of things. If a business or an individual files a tax return and it looks suspicious, it is then the job of the government auditor to carry out an audit. A perfect example of this is - a business or individual files a tax return and claims massive amounts of deductions or expenses. This will raise all types of red flags.

When these flags go up the (IRS) Internal Revenue Service leap into action to check the accuracy of the deductions and expenses compared to the tax code criteria. If things do not add up the suspected business or individual could face stiff penalties and fines. Many tax auditors are feared and hated. They make sure that people are doing what they are supposed to do, and not cheating the government.

An accountancy career is technology driven. Years ago auditing was done manually on paper, but now auditing is done primarily on computers. Present-day auditors should know how to work with computers and complicated accounting software or programs. This will allow you to stay competitive and always up to date with the many changes in the industry.

If you want to become a company auditor someday, you have to graduate with a bachelor's accounting degree. Most states do not require it but getting certification might be a good idea. More job opportunities are open to those who earned a Master's degree as well as some certification.

When choosing a career, salary is very important. Auditors earn a yearly salary of about fifty-four thousand dollars a year. While more experienced auditors, earn eight-thousand dollars a year. On the other hand, inexperienced auditors can earn about thirty-five thousand dollars a year. As you can see, there is money to be made as an accountancy auditor.

As an accountancy auditor, your income will increase in the end, but at the beginning, salaries are reasonable. Choosing a career in accountancy auditing will be a good move if you have a deep love for accounting. Auditors have been given bad reputations over the years, but if you have a passion for it go for it. The money is great and the rewards are worth it.