The secret of a compliant and successful corporation is the corporate auditor. These professionals conduct close examination of an organization's financial records, regular operations, and compliance with federal, state, and local security legal requirements.
Following internal control procedures, they highlight and uncover critical issues during the audit and present their findings so the problems can be addressed and resolved. They verify the organization's assets and liabilities, and compare them to the declared lists in the documentation.
They must possess excellent analytical skills in order to grasp in-depth understanding of the organization's financial practices and procedures. They also have to be good communicators since they coordinate with multiple departments, including low- and high-level management teams, accounting and finance personnel, and company executives.
Pursuing this career typically requires at least a bachelor's degree in accounting or finance. Some employers prefer candidates with a master's degree in business administration (MBA). Practical experience in research analysis, accounting, or similar finance fields also plays a crucial part to get hired.
There is more than meets the eye when it comes to being a corporate auditor. For example, did you know that they make an average of $33.93 an hour? That's $70,573 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 corporate auditors 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 analytical skills, communication skills and detail oriented.
When it comes to the most important skills required to be a corporate auditor, we found that a lot of resumes listed 32.9% of corporate auditors included internal audit, while 6.1% of resumes included risk assessments, and 5.6% of resumes included compliance audits. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the corporate auditor job title. But what industry to start with? Most corporate auditors actually find jobs in the manufacturing and retail industries.
If you're interested in becoming a corporate auditor, one of the first things to consider is how much education you need. We've determined that 69.5% of corporate auditors have a bachelor's degree. In terms of higher education levels, we found that 14.8% of corporate auditors have master's degrees. Even though most corporate auditors 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 a corporate auditor. When we researched the most common majors for a corporate auditor, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on corporate auditor resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a corporate auditor. In fact, many corporate auditor jobs require experience in a role such as senior auditor. Meanwhile, many corporate auditors also have previous career experience in roles such as auditor or internal auditor.