In Summary - Auditor
Auditors typically work in the following Career Sectors:
Videos & Interviews
Videos on the Web
- Auditor- from: Youtube Search
- Audit Manager - from: icould [UK] Video
- Audit Manager - from: icould [UK] Video
- Audit Policy Manager - from: icould [UK] Video
- Trainee Auditor - from: icould [UK] Video
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 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 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.
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.
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
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
Chartered Accountants Ireland
Association of Chartered Certified Accountants (ACCA)
Irish Auditing and Accounting Supervisory Authority