Auditors examine the financial statements of companies to provide an opinion the company's financial performance.
What does an Auditor do?
Auditors examine the financial statements of companies and provide an opinion on whether the statements provide an accurate view of the company's financial performance. Auditors also review the accounting systems and procedures of organisations.
As an external auditor, you might independently review a company's accounts to make sure that they are accurate and show a fair view of its financial position. You might also audit public sector organisations such as government departments and local councils, monitoring how public money is being spent to see what savings may be made. Most organisations are required by law to publish audited accounts.
As an internal auditor, you would examine an organisation or department’s policies, procedures and possibly its finances with the aim of advising how efficiency could be improved.
Key skills and interests
To become an auditor, you would need:
- the ability to interpret figures and information
- excellent maths and IT skills
- strong analytical and problem-solving ability
- a high degree of accuracy and attention to detail
- good spoken and written communication skills
- good organisational and time management skills
Working hours and conditions
Auditors would normally work normal office hours, Monday to Friday, with occasional overtime to meet deadlines at busy times. Part-time work may be possible.
As an auditor, you could work from your own office or at the client's premises. Travel to other sites is often involved, which may mean possible nights away from home.
How to become an Auditor?
Entry Level Education
You would become an auditor by completing a diploma or degree in accounting, or a related field such as business or commerce with a major in accounting. To get into these courses you usually need to gain your senior secondary school certificate or equivalent. English and mathematics would be appropriate subjects to study prior to university.
Graduates may be eligible for membership of Chartered Accountants Australia and New Zealand, CPA Australia or the Institute of Public Accountants. Membership may require work experience and/or further study.
Employment of auditors is projected to grow strongly over the next 3-5 years.
There has been an increased focus on accounting and auditing in response to stricter laws and regulations, particularly in the financial sector. Auditors will need to adapt to new technologies to remain current.