Table of Contents
What do you learn from doing an audit?
Auditing involves the review, analysis and evaluation of processes, products, services, systems, organizations and employees. Auditors assess the accuracy, validity, reliability, verifiability and timeliness of organizational information, as well as the sources and processes by which that information is produced.
Why audit is a good career?
There are lots of reasons to pursue a career in auditing, both for your enjoyment and for good future prospects. Auditors get the chance to visit lots of different companies and businesses. It is a career which challenges you and one in which you will always be learning.
What skills do you need to be a good auditor?
Key skills for auditors
- Meticulous attention to detail.
- A strong aptitude for maths.
- Excellent problem-solving skills.
- A keen interest in the financial system.
- Ability to work to deadlines, under pressure.
- Ability to work on your own initiative and as part of a team.
- Strong IT skills.
What do you understand about audit?
Definition: Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions. It is done to ascertain the accuracy of financial statements provided by the organisation.
What is it like to work in audit?
“Audit only suits people who are very conservative, very agreeable, and only interested in prolonging a university-type experience rather than making a mark in the world,” he adds. He isn’t the only one complaining. An associate in audit for a rival firm agrees that the job is not great.
Is auditing rewarding?
For the auditors who develop this combination of capabilities, the significance of the work they do, the impact they have, and their relevance to the capital markets and the global economy are all growing. And the experiences they have in audit are increasingly rewarding.
IT Auditor Skills
- Risk assessment ability.
- Internal audit experience.
- Communication skills.
- Interpersonal skills.
- Security testing experience.
- IT security and infrastructure knowledge.
- Knowledge of operating system platforms.
- Report writing skills.
Why should you consider a career in audit?
Here are the top 5 reasons you should consider a career in audit: 1. You can bank on it! On average, public company auditors, with at least two years of professional experience, bring home more than $65,000 a year.
What is the career path for an internal auditor?
Demand is high. Potential jobs on the career path include positions as entry-level internal auditors, such as auditing specialists, risk assessment specialists, lead internal auditors, financial analysts, internal controls auditors and information systems auditors — to lead internal auditors, such as senior internal auditors,…
Is a career in public company auditing right for You?
Because public company auditors are in high demand, you can work pretty much anywhere. It might require some extra training, but a career in public company auditing could take you around the world. So, make sure you have your passport handy at all times!
What are the skills needed to become an auditor?
Good communication skills allow auditors to have a rapport with a variety of employees, managers, directors and external parties.