Audit specialists are responsible for examining and auditing an organization's financial records to ensure that the financial transactions are truthful and balanced. They work to show that a company is free of fraud and transparent in maintaining its financial records. They are in charge of handling complex and challenging audit projects.
Audit specialists perform these duties to arrive at an ultimate goal: to enhance the organization's growth in a bid to achieve its goals and objectives. Part of their duties includes designing and implementing different audit strategies, procedures, programs for complex assignments. They formulate other policies and procedures for complex tasks and make recommendations to improve a particular project's efficiency.
Audit specialists mostly hold a bachelor's degree in finance, management, audit, or other relevant fields and a certificate in public accounting or a certified management accounting certification. Some years of auditing experience may also prove advantageous in this field. Audit specialists earn an average salary of approximately $59,000 annually, or $28 per hour.
There is more than meets the eye when it comes to being an Audit Specialist. For example, did you know that they make an average of $24.47 an hour? That's $50,898 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 90,700 job opportunities across the U.S.
There are certain skills that many Audit Specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Organizational skills, Detail oriented and Math skills.
If you're interested in becoming an Audit Specialist, one of the first things to consider is how much education you need. We've determined that 55.4% of Audit Specialists have a bachelor's degree. In terms of higher education levels, we found that 9.6% of Audit Specialists have master's degrees. Even though most Audit Specialists have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an Audit Specialist. When we researched the most common majors for an Audit Specialist, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Audit Specialist resumes include Master's Degree degrees or High School Diploma degrees.
You may find that experience in other jobs will help you become an Audit Specialist. In fact, many Audit Specialist jobs require experience in a role such as Customer Service Representative. Meanwhile, many Audit Specialists also have previous career experience in roles such as Administrative Assistant or Medical Coder.