Monday, 6 March 2017

Internal Auditor Training Career Paths And Educational Requirements

By Michael Taylor


Some young people love mathematics, analysis, logic, management, and problem solving. For those interested in pursuing a career in the broad field of mathematics and business, there are many options. Some decide to become certified public accountants or tax advisers. Others run businesses, work for various levels of government, or become academics. Still others explore the field of auditing and are interested in the internal auditor training available at colleges and universities across the country.

If you are one of the students who finds math and critical analysis interesting, you might want to learn more about auditing. Auditors work as independent contractors who are hired by companies to evaluate their procedures and policies and to minimize their risk and reduce waste, in time and money. Other auditors work as full time consultants for companies, managing and evaluating marketplace and economic trends. They may also be involved in fraud investigations.

External auditors have different jobs that sometimes overlap with auditors working inside companies. These professionals are concerned with the financial reports that go to shareholders who are outside company management. Inside auditors work with management within the company to make the business run more efficiently and more profitably while still meeting all required regulations and laws.

Professionals in this field have a minimum of a four year degree in business, finance, or accounting. Most have master's degrees in business with accreditation in auditing. Some companies require that their auditing managers have advanced degrees.

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.

If you prefer to work within one company, you might be interested in auditing management. You will need a minimum of a four year degree in finance, business, or accounting. Auditing managers make sure their companies comply with all applicable governmental laws, rules, and regulations. They work with the corporate executive, financial, and operating officers to ensure the company is running efficiently as well.

If you are someone who is interested in this type of career but lacks the time or the means for an advanced degree, you may be a good candidate for an auditing clerk position. These professionals work with accountants and bookkeepers to make certain all company financial records are accurate and complete. They may be required to work behind the scenes to double check the work of other employees. Some companies require an associate's degree for consideration. Others will accept a high school diploma.

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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