An auditor is responsible for reviewing financial statements and making sure that the reports align with the accounting principles and legislative standards. Some of the important duties of an auditor are verifying the company's account statements, ensuring that the business is free from fraud and other unusual activities, providing recommendations to boost operations' performance, and creating financial reports for the board. An auditor should have excellent analytical and decision-making skills to spot inaccuracies of financial statements and resolve financial issues immediately.

Auditor Responsibilities

Here are examples of responsibilities from real auditor resumes representing typical tasks they are likely to perform in their roles.

  • Lead FDA readiness audits and participate in regulatory inspections.
  • Manage and organize audits for ancillary / facility provider contracts.
  • Manage the collection, analysis and verification of managerial payroll information to detect fraud and/or unethical practices.
  • Work with department analyst to create measurement tools and methods for communicating results and managing QA analysis in compiling/reporting results.
  • Research GAAP issues when necessary before preparation of financial statements.
  • Develop and facilitate training for SOX process owners and other stakeholders using Microsoft PowerPoint.
  • Coordinate with both management and various departments to determine that proper auditing procedures and company policies are implemented.
  • Assure Medicare and company compliance with all patient accounts.
  • Originate chart of accounts and/or inventory lists in QuickBooks.
  • Ensure that the disclosure notes are accurately report under IFRS.
Auditor Traits
Analytical skills have to do with gathering information from various sources and then interpreting the data in order to reach a logical conclusion that benefits the business.
Communication skills shows that you are able to relay your thoughts, opinions and ideas clearly to those around you.
Detail oriented involves being extremely mindful and observant of all details.

Auditor Job Description

Perhaps the hardest question to answer when deciding on a career as an auditor is "should I become an auditor?" You might find this info to be helpful. When compared to other jobs, auditor careers are projected to have a growth rate described as "as fast as average" at 6% from 2018 through 2028. This is in accordance with the Bureau of Labor Statistics. What's more, is that the projected number of opportunities that are predicted to become available for a auditor by 2028 is 90,700.

Auditors average about $27.01 an hour, which makes the auditor annual salary $56,184. Additionally, auditors are known to earn anywhere from $37,000 to $83,000 a year. This means that the top-earning auditors make $46,000 more than the lowest earning ones.

It's hard work to become an auditor, but even the most dedicated employees consider switching careers from time to time. Whether you're interested in a more challenging position or just looking for a fresh start, we've compiled extensive information on becoming a corporate accountant, tax professional, general accountant, and staff accountant.

Auditor Jobs You Might Like

Auditor Resume Examples

Auditor Skills and Personality Traits

We calculated that 32% of Auditors are proficient in Internal Audit, Communication, and Financial Statements. They’re also known for soft skills such as Analytical skills, Communication skills, and Detail oriented.

We break down the percentage of Auditors that have these skills listed on their resume here:

  • Internal Audit, 32%

    Recruited, trained and developed personnel responsible for approximately 2000 end-of-line inspections per month and a rigorous schedule of internal audits.

  • Communication, 11%

    Encouraged individual responsibility for safe operation of motor vehicles and promoted open communication to ensure clear understanding of rules and regulations.

  • Financial Statements, 8%

    Verified bank account confirmations, payroll check registers, quarterly financial statements, and reconciled discretionary fund disbursements with budget projections.

  • Customer Service, 6%

    Ensured store Standard Operating Procedure compliance, including customer service initiatives, loss prevention security measures, and federal safety regulations.

  • Payroll, 4%

    Ensured that pension hours were properly recorded by performing audit analysis of payroll records using proprietary audit software.

  • Medical Records, 3%

    Assisted Medical Review Department to determine medical necessity of claims submitted based on review of hospital and physician medical records.

Most auditors list "internal audit," "communication," and "financial statements" as skills on their resumes. We go into more details on the most important auditor responsibilities here:

  • The most important skills for an auditor to have in this position are analytical skills. In this excerpt that we gathered from a auditor resume, you'll understand why: "accountants and auditors must be able to identify issues in documentation and suggest solutions" According to resumes we found, analytical skills can be used by a auditor in order to "performed audit procedures to test and analyze client financial data in accordance with gaas. "
  • Another commonly found skill for being able to perform auditor duties is the following: communication skills. According to a auditor resume, "accountants and auditors must be able to listen carefully to facts and concerns from clients, managers, and others." Check out this example of how auditors use communication skills: "team leader for various audit engagements in the financial, telecommunication and distribution sector. "
  • Detail oriented is also an important skill for auditors to have. This example of how auditors use this skill comes from a auditor resume, "accountants and auditors must pay attention to detail when compiling and examining documentation." Read this excerpt from a resume to understand how vital it is to their everyday roles and responsibilities, "prepare detailed reports on audit findings and review with front office manager upon completion. "
  • In order for certain auditor responsibilities to be completed, the job requires the skill "math skills." According to an auditor resume, "accountants and auditors must be able to analyze, compare, and interpret facts and figures, although complex math skills are not necessary." As an example, this snippet was taken directly from a resume about how this skill applies: "tracked room revenues, occupancy percentages, and other front office statistics. "
  • Yet another important skill that an auditor must demonstrate is "organizational skills." Strong organizational skills are important for accountants and auditors, who often work with a range of financial documents for a variety of clients. This is clearly demonstrated in this example from an auditor who stated: "maintain and display exceptional organizational, time management and customer service representation skills. "
  • See the full list of auditor skills.

    Before becoming an auditor, 55.1% earned their bachelor's degree. When it comes down to graduating with a master's degree, 8.8% auditors went for the extra education. If you're wanting to pursue this career, it may be possible to be successful with a high school degree. In fact, most auditors have a college degree. But about one out of every six auditors didn't attend college at all.

    Those auditors who do attend college, typically earn either accounting degrees or business degrees. Less commonly earned degrees for auditors include finance degrees or criminal justice degrees.

    Once you're ready to become an auditor, you should explore the companies that typically hire auditors. According to auditor resumes that we searched through, auditors are hired the most by Anthem, York Risk Services Group, and H.W. Kaufman Financial Group. Currently, Anthem has 35 auditor job openings, while there are 34 at York Risk Services Group and 27 at H.W. Kaufman Financial Group.

    Since salary is important to some auditors, it's good to note that they are figured to earn the highest salaries at eBay, Google, and Marathon Oil. If you were to take a closer look at eBay, you'd find that the average auditor salary is $108,401. Then at Google, auditors receive an average salary of $108,240, while the salary at Marathon Oil is $104,998.

    View more details on auditor salaries across the United States.

    If you earned a degree from the top 100 educational institutions in the United States, you might want to take a look at KPMG, Ernst & Young, and Deloitte. These three companies have hired a significant number of auditors from these institutions.

    The industries that auditors fulfill the most roles in are the retail and professional industries. But the highest auditor annual salary is in the finance industry, averaging $74,322. In the manufacturing industry they make $72,182 and average about $66,449 in the technology industry. In conclusion, auditors who work in the finance industry earn a 63.2% higher salary than auditors in the government industry.

    The three companies that hire the most prestigious auditors are:

      What Corporate Accountants Do

      A corporate accountant is a professional who prepares financial statements and maintains financial records of an organization to ensure that they comply with laws, regulations, and the organization's policies. Corporate accountants are required to analyze financial statements to help executives make financial decisions for the organization. They must collect ledgers and financial reports from divisional offices and prepare corporate financial statements for executives. Corporate accountants must also prepare budgets to allocate funds for spending for each department.

      In this section, we compare the average auditor annual salary with that of a corporate accountant. Typically, corporate accountants earn a $2,142 higher salary than auditors earn annually.

      While their salaries may differ, one common ground between auditors and corporate accountants are a few of the skills required in each craft. In both careers, employees bring forth skills like internal audit, financial statements, and payroll.

      These skill sets are where the common ground ends though. An auditor responsibility is more likely to require skills like "communication," "customer service," "medical records," and "corrective actions." Whereas a corporate accountant requires skills like "gaap," "special projects," "external auditors," and "close process." Just by understanding these different skills you can see how different these careers are.

      Corporate accountants receive the highest salaries in the energy industry coming in with an average yearly salary of $70,260. But auditors are paid more in the finance industry with an average salary of $74,322.

      The education levels that corporate accountants earn is a bit different than that of auditors. In particular, corporate accountants are 11.9% more likely to graduate with a Master's Degree than an auditor. Additionally, they're 0.4% less likely to earn a Doctoral Degree.

      What Are The Duties Of a Tax Professional?

      A tax professional is responsible for conducting tax procedures, ensuring that all tax documents are filed timely and accurately. Tax professionals review financial statements, verify adjustments, and resolve account discrepancies. They also handle financial reports and collate related account documents. A tax professional should be highly-communicative and analytical, especially on solving tax complexities, as well as preventing financial risks and excessive loss. A tax professional may also file for dispute on a case-to-case basis for any inaccuracies on tax statements.

      The next role we're going to look at is the tax professional profession. Typically, this position earns a lower pay. In fact, they earn a $12,915 lower salary than auditors per year.

      A similarity between the two careers of auditors and tax professionals are a few of the skills associated with both roles. We used resumes from both professions to find that both use skills like "internal audit," "financial statements," and "customer service. "

      But both careers also use different skills, according to real auditor resumes. While auditor responsibilities can utilize skills like "communication," "medical records," "cpa," and "corrective actions," some tax professionals use skills like "irs," "revenue growth," "additional products," and "client service."

      Tax professionals may earn a lower salary than auditors, but tax professionals earn the most pay in the retail industry with an average salary of $66,387. On the other side of things, auditors receive higher paychecks in the finance industry where they earn an average of $74,322.

      On the topic of education, tax professionals earn similar levels of education than auditors. In general, they're 3.4% less likely to graduate with a Master's Degree and 0.4% less likely to earn a Doctoral Degree.

      How a General Accountant Compares

      A general accountant is responsible for evaluating account statements, conducting data analysis with financial transactions, and generating reports on revenues, expenses, and sales forecasting. These accountants manage discrepancies on the company and clients' profiles, including bank reconciliations and processing of account receivables and payables. They also handle the release of invoices and petty cash, analyzing balance sheets, and updating accurate financial information on the database. A general accountant must have excellent analytical skills, as well as extensive knowledge of the accounting principles and disciplines.

      Let's now take a look at the general accountant profession. On average, these workers make lower salaries than auditors with a $4,290 difference per year.

      By looking over several auditors and general accountants resumes, we found that both roles utilize similar skills, such as "internal audit," "financial statements," and "payroll." But beyond that the careers look very different.

      Some important key differences between the two careers are a few of the skills necessary to fulfill responsibilities. Some examples from auditor resumes include skills like "communication," "customer service," "medical records," and "corrective actions," whereas a general accountant might be skilled in "vendor invoices," "special projects," "gaap," and "external auditors. "

      Additionally, general accountants earn a higher salary in the technology industry compared to other industries. In this industry, they receive an average salary of $59,636. Additionally, auditors earn an average salary of $74,322 in the finance industry.

      When it comes to education, general accountants tend to earn higher education levels than auditors. In fact, they're 6.0% more likely to earn a Master's Degree, and 0.8% more likely to graduate with a Doctoral Degree.

      Description Of a Staff Accountant

      Staff accountants are employees who are part of the company's accounting department. They are usually certified public accountants (CPAs). Staff accountants should be familiar with accounting tasks. Previous accounting experiences play a huge advantage in their success. They perform a variety of accounting responsibilities such as information verification and analysis, financial report preparation and presentation, financial account reconciliation, billing and payment receiving activities, vendor database management, and invoice processing requirements. They should also know how to do bookkeeping. Staff accountants should have good communication skills, analytical skills, and decision-making skills. They should also be organized and trustworthy since they will be handling confidential information.

      Now, we'll look at staff accountants, who generally average a lower pay when compared to auditors annual salary. In fact, the difference is about $5,584 per year.

      While both auditors and staff accountants complete day-to-day tasks using similar skills like internal audit, financial statements, and payroll, the two careers also vary in other skills.

      Each job requires different skills like "communication," "customer service," "medical records," and "corrective actions," which might show up on an auditor resume. Whereas staff accountant might include skills like "special projects," "gaap," "external auditors," and "credit card."

      In general, staff accountants make a higher salary in the professional industry with an average of $58,944. The highest auditor annual salary stems from the finance industry.

      Staff accountants reach higher levels of education when compared to auditors. The difference is that they're 6.1% more likely to earn a Master's Degree more, and 0.7% less likely to graduate with a Doctoral Degree.