Sunday, March 5, 2017

Internal Auditor Training Requirements And Career Paths

By Michael Taylor


It may seem unusual to some students, but there are young people who are enthusiastic about science and math. Most of them love to solve problems, appreciate logical reasoning, and have a knack for analytical and critical thinking. Many grow up and have lucrative careers in such fields as academics, accounting, tax law, and business. Others work in areas of finance and at all levels of the government. Some consider taking internal auditor training to become proficient in what is a quickly growing field.

If you think this is something you might be interested in, you should definitely do some research so you thoroughly understand just what this profession entails. Some auditors are full time employees of the companies they audit. Others work for outside firms that are hired periodically to send someone into a company to evaluate policies and procedures. Auditors may also recommend practices to reduce waste and risk and investigate fraudulent activity.

Inside auditors work within the companies they evaluate. Their goals is to improve the functionality of a business, which should result in increased revenue. External auditors work outside management and are responsible to shareholders. These professionals are employed to ensure the annual financial reports shareholders receive are accurate and fully reflect the company's financial health.

Those interested in this type of career have to be prepared to spend the time and money to get an undergraduate degree in business, accounting, or finance. There are some companies that require their auditors to have a masters in business with advanced auditing education. Many universities and colleges throughout the country offer these auditing courses.

Within the field of auditing, there are a number of different specializations. One of them is fraud management. These individuals investigate corporate financial fraud. This is a rapidly growing field because of federal regulations, an increasingly globalized economy, and the advancements of technology. Most successful fraud auditors have accounting degrees and many have masters in accounting or business. Individuals interested in this field can expect to start out making anywhere from fifty-five thousand to one hundred thousand dollars a year with benefits.

Some companies employ full time auditing managers. Most of them require a job candidate to have the minimum of a bachelor's degree in finance, business, or accounting. They work with upper management and executives to ensure operating funds are distributed in the most efficient and cost effective manner. Some of these auditors are in charge of employee management as well.

There are good jobs available in the auditing field for those who do not have a college or university degree. Auditing clerks work with business bookkeepers and accountants to ensure all financial records are thorough and accurate. Some are enlisted to work in a confidential capacity evaluating and analyzing the work of other employees. Most companies require their auditing clerks to have a high school diploma, and others require a two year associate's degree.

Auditing can be an exciting and rewarding career for the right person. If you want to learn more, you should contact a school counselor for more information.




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