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Contractor auditor skills for your resume and career

Updated January 8, 2025
5 min read
Quoted experts
Dr. Kelly Green,
Stacy Mastrolia Ph.D.
Below we've compiled a list of the most critical contractor auditor skills. We ranked the top skills for contractor auditors based on the percentage of resumes they appeared on. For example, 22.6% of contractor auditor resumes contained audit reports as a skill. Continue reading to find out what skills a contractor auditor needs to be successful in the workplace.

15 contractor auditor skills for your resume and career

1. Audit Reports

Here's how contractor auditors use audit reports:
  • Analyzed and monitored contractor operations, by systematically auditing and providing audit reports to the government.
  • Create management representation letter comments and recommendations and draft audit reports for management review

2. CPA

Here's how contractor auditors use cpa:
  • Participated in and supervised domestic and international audits of various manufacturing plants while completing my experience requirement for my CPA license.
  • Conducted training of audit and accounting personnel for CPA firms, provided coaching to accountants, conducted educational seminars for executives

3. GAAP

Here's how contractor auditors use gaap:
  • Performed a balance sheet review of acquired companies to ensure valuations and liabilities were properly recorded and conformed to GAAP.
  • Researched and documented complex US GAAP, IFRS and XBRL-tagging requirements utilizing strong background in technical accounting.

4. Financial Statements

A financial statement is a report of an individual or a company that includes all the information about the declared assets, the use of money, income, and also the contribution of shareholders over a certain period.

Here's how contractor auditors use financial statements:
  • Ensured financial statements and reports included all authorized transactions that occurred for the period reported.
  • Analyzed and prepared financial statements for nonprofits, school districts and municipalities.

5. Internal Controls

Here's how contractor auditors use internal controls:
  • Identified internal control weaknesses and made recommendations that improved internal controls and resulted in significant cost savings.
  • Prepared documentation to validate internal controls and reporting any issues noted to management.

6. Audit Findings

Here's how contractor auditors use audit findings:
  • Communicate audit findings to senior management in both written and verbal form and evaluate effectiveness of resolutions proposed.
  • Articulate audit findings, risks and detailed recommendations to upper management.

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7. Payroll

Payroll is the sum of all the compensation that an organization has to pay to employees at a specified time. Payroll is managed by the finance or HR department while small business owners may handle it themselves. Payroll isn't fixed as it varies every month due to sick leaves, overtime, etc.

Here's how contractor auditors use payroll:
  • Reconciled payroll accrual accounts to determine accuracy of account balances.
  • Maintained database and assisted in payroll administration.

8. Audit Results

Here's how contractor auditors use audit results:
  • Communicate audit results to upper management through written reports and oral presentations.
  • Prepare review programs, including audit objectives and steps and use advance auditing and data mining techniques to achieve audit results.

9. Internal Audit

Internal audit is an evaluation process that ensures that a company's risk management, governing body, and other internal processes are running effectively. People who perform internal audits must be highly qualified, have experience, and knowledge to work accordingly with the international standards and the code of ethics.

Here's how contractor auditors use internal audit:
  • Maintain internal audit evidence and control databases.
  • Assisted on internal audit of the Supply Chain Inventory Management process, resulting in the implementation of recommended process improvements.

10. GAGAS

Here's how contractor auditors use gagas:
  • Comply with GAGAS and Agency policies in regards to conducting audits.
  • Drafted work papers and wrote observations to inform management, stakeholders, and public of pertinent issues in accordance with GAGAS.

11. Audit Process

Here's how contractor auditors use audit process:
  • Reviewed contracts for interpretation, analysis and validation Authored procedures to automate the audit process.
  • Verified quality compliance, audit processes, environmental & SPC data to collect state required documentation.

12. Risk Assessments

The process of analyzing and identifying the acts or events that have the potential to negatively affect an individual, asset, or business is called risk assessment. Risk assessments are important because they form an integral part of an organization as well as occupational safety plans

Here's how contractor auditors use risk assessments:
  • Perform Risk Assessments and desk audit reviews of federal and state grant contracts.
  • Worked closely with engagement manager and director to perform risk assessments on individual audit sections prior to each engagement.

13. Cost Accounting Standards

Here's how contractor auditors use cost accounting standards:
  • Interpreted and applied Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS) to scheduled audits.

14. SOX

Here's how contractor auditors use sox:
  • Updated and maintained internal control documents and ensured controls were incorporated into business processes in accordance with SOX.
  • Performed Sarbanes-Oxley (SOX) testing for Accounts Payable, Cash, Financial Reporting, and Fixed Assets.

15. Healthcare

Healthcare is the maintenance or improvement of a person's health by the diagnosis and treatment of a person's injury, illness, or any other disease. Healthcare is a basic necessity of human life and is the responsibility of the country's government to ensure that each person gets healthcare. Providing healthcare is the job of certified health professionals that includes doctors, surgeons, nurses, and other physicians. Pharmaceutical companies, hospitals, dentistry, therapy, and health training all come under healthcare. Healthcare plays a vital role in the country's economy and its development.

Here's how contractor auditors use healthcare:
  • Processed applications per United Healthcare procedural instructions.
  • Provided contract audit services to monitor the field sales force compliance with internal policies on promotional spending on healthcare providers.
top-skills

What skills help Contractor Auditors find jobs?

Tell us what job you are looking for, we’ll show you what skills employers want.

What contractor auditor skills would you recommend for someone trying to advance their career?

Dr. Kelly GreenDr. Kelly Green LinkedIn profile

Assistant Professor, University of Louisiana at Lafayette

Education and Certificates pull a lot when determining the salaries and positions offered. Quite simply higher degrees and relevant certifications will lead to higher salaries. Aside from that, gaining experience and staying up to date with salary trends in your particular field of accounting will allow you to explore new opportunities with higher salaries.

What soft skills should all contractor auditors possess?

Stacy Mastrolia Ph.D.

Associate Professor of Accounting, Bucknell University

According to the U.S. Department of Labor, accountants should possess analytical skills, critical-thinking skills, and communication skills. They should also be detail-oriented and possess strong math and organizational skills (www.bls.gov). Of course, we can all agree that technology and teamwork skills are also necessary for successful accountants.

While these skills are still in high demand for accountants, post-pandemic, I believe we will see an increased need for job candidates to demonstrate flexibility and adaptability. This year's graduates are entering a work environment that is not "traditional"; at this point it seems unlikely that this year's graduates will start their careers in a traditional office (or at a client) in close proximity to more experienced professionals who are immediately available to provide instruction and assistance. So, this year's graduates need to be prepared - professionally and emotionally - to adapt to the work environment in place at their employer. And they need to be prepared for that environment to change with little warning. This semester I am teaching almost exclusively undergraduate seniors, and at Bucknell we started classes in-person, after one week we went remote for two weeks and now we are back to in-person learning. During these transitions, I have found that some students are struggling to keep up with the material; they are falling behind and missing deadlines in far greater numbers than in previous semesters. The ability to be flexible and adapt to changing circumstances while still accomplishing goals will be in great demand by employers.

I also think that graduates should place an emphasis on developing time-management skills and the ability to prioritize effectively. Alternative work environments, like working remotely, remove certain cues that the day is passing. For example, in a "normal" work day, a young professional would find routines including a mid-morning coffee break and lunch with friends or colleagues and these daily routines would help to mark the passing of time. When someone works from home, these cues may not occur naturally so time can "slip away". Also, working from home provides any number of distractions that may seem urgent in the moment but are not important to achieve that day's work goals; effectively prioritizing tasks in a distracting environment is a skill that will also be in great demand by employers.
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Read more about what experts have to say about contractor auditor

List of contractor auditor skills to add to your resume

Contractor auditor skills

The most important skills for a contractor auditor resume and required skills for a contractor auditor to have include:

  • Audit Reports
  • CPA
  • GAAP
  • Financial Statements
  • Internal Controls
  • Audit Findings
  • Payroll
  • Audit Results
  • Internal Audit
  • GAGAS
  • Audit Process
  • Risk Assessments
  • Cost Accounting Standards
  • SOX
  • Healthcare
  • Medicaid
  • Sarbanes-Oxley
  • CPT
  • Audit Programs
  • Medical Necessity
  • CAS
  • Contract Compliance
  • ISO
  • Recovery Audit
  • QA
  • Management System
  • DRG
  • Federal Acquisition Regulation
  • Financial Audits
  • Compliance Reviews
  • Contract Terms
  • Journal Entries
  • Government Contracts
  • FDA
  • DCAA
  • Operational Audits
  • HIPAA
  • DOD
  • Compliance Audits
  • Audit Assignments
  • Process Improvement
  • PowerPoint
  • Financial Data
  • Government Agencies
  • Sops
  • Sox Testing
  • Financial Reports
  • Cost Analysis
  • Audit Steps

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

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