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Investigative

The Investigative person will usually find a particular area of science to be of interest. They are inclined toward intellectual and analytical activities and enjoy observation and theory. They may prefer thought to action, and enjoy the challenge of solving problems with sophiscticated technology. These types prefer mentally stimulating environments and often pay close attention to developments in their chosen field.

Salary Range
€40k - €75k
Job Zone

In Brief...

An Auditor is a Professional Accountant who has undergone further post qualification training.

Knowledge

  • Economics and Accounting Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • English Language Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Mathematics Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Administration and Management Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Customer and Personal Service Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

Skills

  • Active Listening Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Reading Comprehension Understanding written sentences and paragraphs in work related documents.
  • Critical Thinking Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Speaking Talking to others to convey information effectively.
  • Writing Communicating effectively in writing as appropriate for the needs of the audience.

In Summary - Auditor

Career Sectors

Auditors typically work in the following Career Sectors:

the Big 4
Accountancy & Taxation
Taxation
Accountancy & Taxation
Revenue & Governance
Accountancy & Taxation
Accountancy
Accountancy & Taxation

Videos & Interviews

Claire Hanrahan , Auditor

Claire works as an Internal Auditor for CRH Group. She completed a Bachelor of Business Studies in University of Limerick and went on to do the ACCA exams thereafter. Travel is a big aspect of her current role and she spends half of her time away from home.

Videos on the Web

Further Information

The Work - Auditor

Auditors are professionally qualified specialist accountants. They examine a client's accounts to check they have been accurately prepared in accordance with the Companies Act. This covers accounts and financial reporting standards.  
 
Limited companies are required by law to have their accounts audited by a certified or chartered accountant. Auditors often conduct their work on the client's premises. They start by gaining a thorough knowledge of a client's business and continue gathering evidence until they are certain that there are no significant errors in the accounts.  
 
Auditors carry out audit tests and examine samples of documents and records to check that all transactions, assets and liabilities have been properly recorded. Techniques include inspecting assets and seeking further details from both within and outside a company. They may also compare current accounts with the previous year, or with a comparable company's accounts.  
 
Auditors complete their work by preparing a report for presentation to the company's shareholders and management.

Most commonly reported Work Tasks

  • Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
  • Prepare detailed reports on audit findings.
  • Supervise auditing of establishments, and determine scope of investigation required.
  • Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
  • Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
  • Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.
  • Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
  • Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.
  • Confer with company officials about financial and regulatory matters.
  • Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.

Most commonly reported Work Activities

  • Getting Information Observing, receiving, and otherwise obtaining information from all relevant sources.
  • Evaluating Information to Determine Compliance with Standards Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
  • Communicating with Supervisors, Peers, or Subordinates Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
  • Updating and Using Relevant Knowledge Keeping up-to-date technically and applying new knowledge to your job.
  • Interacting With Computers Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Analyzing Data or Information Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
  • Processing Information Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
  • Identifying Objects, Actions, and Events Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
  • Organizing, Planning, and Prioritizing Work Developing specific goals and plans to prioritize, organize, and accomplish your work.
  • Making Decisions and Solving Problems Analyzing information and evaluating results to choose the best solution and solve problems.

Interests - Auditor

This occupation is typically suited for people with the following Career Interests:

Administrative

Administrative people are interested in work that offers security and a sense of being part of a larger process. They may be at their most productive under supervisors who give clear guidelines and while performing routine tasks in a methodical and reliable way.

They tend to enjoy clerical and most forms of office work, where they perform essential administrative duties. They often form the backbone of large and small organisations alike. They may enjoy being in charge of office filing systems, and using computers and other office equipment to keep things running smoothly. They usually like routine work hours and prefer comfortable indoor workplaces.

Enterprising

Enterprising people like situations that involve using resources for personal or corporate economic gain. Such people may have an opportunistic frame of mind, and are drawn to commerce, trade and making deals. Some pursue sales and marketing occupations. Many will eventually end up owning their own business, or in management roles in larger organisations. They tend to be very goal-oriented and work best when focused on a target. Some have an entrepreneurial inclination.

Investigative

The Investigative person will usually find a particular area of science to be of interest. They are inclined toward intellectual and analytical activities and enjoy observation and theory. They may prefer thought to action, and enjoy the challenge of solving problems with sophiscticated technology. These types prefer mentally stimulating environments and often pay close attention to developments in their chosen field.

Qualities

To be an auditor you need to be highly numerate and capable of interpreting complicated accounts. You should have an enquiring mind, a good eye for detail and be accurate and methodical in your work.  
 
An ability to communicate effectively and explain results clearly and concisely is essential. Good report writing skills are also necessary.

Entry Requirements - Auditor

Pay & Salary - Auditor

Salary Range (thousands per year)* €40k - €75k

Data Source(s):
Sigmar / Brightwater / Robert Walters / Hudson / Abrivia / Lincoln

Last Updated: February, 2017

* The lower figures typically reflect starting salaries. Higher salaries are awarded to those with greater experience and responsibility. Positions in Dublin sometimes command higher salaries.

Labour Market Updates - Auditor

Employment growth was low for this occupation group, and, indeed, declined in the most recent year. Although they feature in the vacancy data, the recent job hires analysis indicates that churn is a significant factor in these openings. Declines in employment levels are expected to continue as some tasks become automated, although replacement demand for such a large occupation will continue to translate into job opportunities.

National Skills Bulletin 2018

Useful Contacts - Auditor

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