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Who is a Auditor?
Given the risks of an expensive audit, paying strict attention to the rules is the only smart decision you can make ~ Kathy Burlison
Auditors are the experts who collect and review audited financial statements. An auditor accountant regularly monitors financial processes and ensures that companies operate efficiently. The auditor's job involves examining a company's financial documents to ensure they are accurate and compliant with the law.
Auditors examine the accounts of businesses and other organisations to make sure their financial documents are accurate and compliant with the law. They guarantee that a company's financial statements are correct, and that tax is paid on time. An auditor's specialty often relies entirely on the type of company for which they function.
Quick Facts for Auditor
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Industry
Finance
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Average Salary in India
₹43000
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Suitable for
Male, Female
The important feature of having a career as an auditor is that the profile is not restricted to a particular gender. People of all backgrounds and gender could become an auditor if they have the necessary qualifications. As part of the corporate world, this is among the most searched jobs in which an employee's gender is insignificant.
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Any special needs
Yes
There is really no definitive set of rules which requires an individual to be physically fit to have a career as an auditor in India. But being fit and healthy is better for an effective style of working.
Table of Contents for Auditor
What is the role of Auditor?
Auditors examine the accuracy of the financial records and financial information for compliance with relevant laws. The auditor's job involves calculating the taxes owed and preparing tax returns. Auditors evaluate the performance of accounting records and payment processes. Auditor accountants are trained in insurance companies, and risk assessment, while others have been skilled in more common sectors such as education, and healthcare.
The auditor's job involves meetings with employees of organisations and private companies.
The auditor is liable for developing an audit report focused on the organisation's financial reports.
The auditor reviews and audits the financial reports of the organisation.
The auditor collects financial information and includes the time frame of the audit. It comprises several tasks as well as on-site audit management.
Types of a Auditor
There are a variety of auditors based on their level of expertise, experience, and skills. This may vary from public accountants, government accountants to auditors. We have mentioned here the different types of an Auditor or Auditor career options in India.
Public accountants: Public accountants conduct a wide variety of activities related to accounting, auditing, taxation, and consultation. Their customers involve individuals, companies and the government. Public accountants deal with financial reports which customers are required to report by law. They provide tax reports and evaluate financial statements that organisations will make available to prospective investors.
Management accountants: Management accountants are often termed cost accountants, corporate, or private accountants who evaluate the financial reports of the organisations they work for. The documentation prepared by management accountants is designed for internal use by business executives, not by the public in general. Management accountants also focus on financial planning and measuring efficiency.
Government accountants: Government accountants manage and review the documents of government departments and audit private companies and entities whose operations are subject to government legislation or taxation. Accountants appointed by state and local governments guarantee that funds are earned and invested in compliance with laws and regulations.
Information Technology Auditors: Information technology auditors are internal auditors who review processes for a company's computer systems to audit the financial information that comes from a source. The task of an Information technology auditor involves planning, implementing, reviewing and assessing audit review processes. Read further to know about how to become an Auditor in India.
What is the workplace/work environment of Auditor like?
A career as an auditor requires them to examine how accurate the financial statements of a business are by assessing the standard and transparency that business accounts have. An auditor accountant spends most of his time in the office setting. It is a regular job and in general, the person tends to work at an office desk and in a healthy environment.
Does Auditor require travelling?
Not Likely
A career as an auditor does not involve much travelling. Not at the beginning of the profession at least. It arises when the company's auditor requires them to go to meet the client at the client's workplace. In order to provide guidance and oversight for major shareholders or other related companies, an auditor accountant travels quite often both internationally and domestically.
Employment Shifts
Full Time
A career as an auditor involves working full-time. The auditor works full-time but schedules that differ according to responsibilities. The auditor only appears to be working the regular shift however that does not mean they do not need to spend additional hours.
Employment Nature
Permanent
A career as an auditor involves employment that can be either permanent or contractual in nature. Auditors need to operate as part of a group within companies. Auditor accountants communicate regarding assignments with their colleagues or communicate with clients around the world.
Work Place
Office
A career as an auditor involves collecting financial information and analysing the data of several companies. They perform these tasks in the office environment. This job does not require much physical labour but needs intelligence and mental pressure. So the auditors work in an office setting.
Presence in Geographical Area
Urban
A career as an auditor has fewer opportunities in rural areas than in urban or semi-urban regions. Most auditor accountants work mainly in urban areas because several multinational companies are located in metropolitan centres. Although this is continuing to increase with each day in remote regions.
Time Pressure
Likely
Auditors complete certain tasks in a given timespan by a company or individual. A career as an auditor is considered to be one of the reputed job profiles in India, and this implies that it requires much time and mental pressure, as we know nothing great can be achieved without hard work.
Overtime Details
A career as an auditor involves working with some big financial companies and also independently, they generally work for nine hours a day. But they need to work more than fifteen hours a day in the financial year ending. Some projects need more concentration too, in those cases, they need to extend their shift timing to complete it in time.
Weekly Hours of Work
Min 45 Hours
A career as an auditor involves working forty hours a week, approximately nine hours a day. The work of auditors falls under certain shifts, though they may work more hours in different types of projects to fix the issue. Though they work for nine to ten hours a day, in the financial year it can be up to fifteen hours.
How to become a Auditor?
Steps to become a Auditor
If you are interested in accounting, finance, economics, and business and want to perform smooth and legal operations in the financial industry, then a career as an auditor is the best career option for you. In this article, we have mentioned the detailed steps for how to become an auditor.
What are the skills and qualities required to become a/an Auditor?
Here we have discussed how to become an auditor. In order to make a career as an auditor accountant, one must possess some skills. This may include communication skills, analytical skills, business sense, and time management. Some skills required for an auditor job are mentioned below:
Communication Skills: An auditor accountant can not maintain communication skills within the industry. An auditor has to interact with his/her consumers every day. They, therefore, need to recognise the needs of the clients and answer their questions, for which they need strong communication skills.
Listening Skills: An auditor is expected to have strong communication abilities to address their client's inquiries and recognise their needs. An auditor should provide full details before the suggestions are actually drawn. An auditor accountant acknowledges the value of the views of others and strives to consider issues from certain viewpoints. Good listeners help people feel valued by the individual they talk to.
Problem-Solving Ability: An auditor must demonstrate the ability to fix issues. He should remain in the mindset of coming up with a solution to any issue. During the time of financial auditing, an auditor may get triggered by many challenges. Problem-solving is helpful to both investors and employers because it helps them to deal with financial problems.
Business Sense: Business acumen often refers to business savvy and business knowledge is a capability that enables one to understand and cope with various business situations. They need to make it absolutely clear that business knowledge is not a single skill, but broad complicated skills, knowledge as well as the consciousness of various business aspects.
Which certifications and internships can be helpful in becoming Auditor?
Apart from formal training, you can also opt for an additional short-term certification course to gain more knowledge and enhance your skills. Pursuing a specialised certification is not mandatory but it is recommended. We have mentioned below certifications that individuals may opt for who want to establish a career as Auditor.
Banking and Financial Markets: A Risk Management Perspective
Professional Certificate Program in Applied Financial Risk Management
Executive Certificate Program in Applied Credit Risk Analytics
Executive Development Program in Applied Financial Risk Management
Internship Availability
Internships are a great way to learn and develop technical expertise in the industry and have a comprehensive understanding of a career as an auditor and how to become an auditor in India. Students and graduates who have a major in accounting, auditing, finance or other economic disciplines can opt for an internship.
Audit interns follow guidance from instructors, collect and analyse data, review company documents, identify sources of financial risk, prepare reports and study company rules and regulations. Internships are seen as the best way to gain exposure to the career choice of a student. The internships focus on providing real-life experience for the candidate.
Auditor Jobs and Salaries
Junior Auditor
- Average Salary 18000
Job Description
The Junior Auditor job description includes checking the financial audits, verifying the assets and liabilities and the transactions of the company by checking the documents. A Junior Auditor makes sure that the company's financial reports are accurate and are according to the law and regulations
Salary Description
The estimated Junior Auditor salary in India ranges from Rs 1.0 Lakhs to Rs 5.0 Lakhs with an average annual salary of Rs 2.4 Lakhs per annum. The Senior Auditor salary in India may vary depending on the various job factors.
Salary Source: AmbitonBox
Senior Auditor
- Average Salary 68000
Job Description
Senior Auditor's job description includes monitoring, examining, and evaluating management policies, and practices and does analytical procedures of the company. A Senior Auditor prepares the final audit report and creates new policies and procedures.
Salary Description
The estimated Senior Auditor salary in India ranges from Rs 2.4 Lakhs to Rs 20.5 Lakhs with an average annual salary of Rs 9.2 Lakhs per annum. The Senior Auditor salary in India may vary depending on the various job factors.
Salary Source: AmbitionBox
What is the job outlook for Auditor?
Mostly with the development of the industry, growth of the economy and the number of business issues increasing with each day, there is an increasing demand for company auditors to ensure the reliability and validity of financial accounting records and business declarations in the private industry and also public organisations.
The constantly changing technologies and new packages of software also made the auditor's job much simpler. Records and data management, which had previously been a tough process, seems to have become incredibly easy. As the economy expands, the need for such employees to monitor and audit financial documents grows.
Frequently Asked Questions for Auditor
Que. What are the top colleges to study auditor course in India?
Ans.Jharkhand Rai University, RanchiNirmal Haloi College, BarpetaThe Yenepoya College, MangaloreAKS University, Satna.
Que. Can I become an auditor without CA?
Ans.You must pursue a degree in accounting or a similar degree with a major in accounting. It is compulsory that an Auditor must be either a CA or Cost Accountant.
Que. How long does it take to become an auditor?
Ans.To become an auditor it will usually take more than four to six years as you will be completing your degree and internship. After that, you will also go for a master’s degree.
Que. What does an auditor do?
Ans.Auditors are professionals who evaluate corporate and individual accounts to ensure that their financial statements are accurate and legitimate. They may very well work in an advisory position to suggest possible measures of risk reduction and lower costs that could have been made.
Que. Do auditors travel a lot?
Ans.Auditors frequently travel due to the large number of companies they are working with and the different geographic areas of such clients. Internal auditors work for only one organisation and could travel between parts of the organisation, but generally travel is kept to a minimum for them.
Que. Which is a better auditor or accountant?
Ans.Accounting is performed to demonstrate an organisation's sustainability, financial condition, and efficiency. Accounting and auditing are two distinct disciplines with great scope in each of these areas but auditing has much more scope than an accountant. The jobs in 2026 are very high for both professions.
Que. What is a QMS audit?
Ans.Quality audit is the method of systematic analysis by an internal or external quality auditor or an auditing firm. This is an integral aspect of the quality control framework of an enterprise and is a fundamental element in the standard of ISO quality management systems.
Que. What qualifications do you need to be an auditor?
Ans.The qualifications that are required to become an Auditor are a degree in accounting or a degree in a related field that majors in accounting.
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Did you know?
Fact 1
One accountant, Walter Diemar, invented Bubble Gum in 1928.
Fact 2
A group of accountants spent almost 1700 hours each year since 1935 before Oscar night calculating the Academy Award votes by hand.
Fact 3
Mick Jagger, Led Zeppelin's Robert Plant and comic actor Eddie Izzard are only a few of the famous figures who had served in accounting prior to their showbiz careers began.
Fact 4
Luca Pacioli, an Italian mathematician is considered to be the father of accounting.
