Tuesday, March 7, 2017

Internal Auditor Training Requirements And Career Paths

By Michael Taylor

There are a number of young people who excel at math, problem solving, and analytics. The majority of them want to pursue these interests in adulthood. Some aspire to become tax advisers or business owners. Others are more interested in the relative security a job such as a CPA provides. A small number teach in high schools, colleges, and universities. Guidance counselors occasionally talk to students about the possibility of pursuing internal auditor training after obtaining their initial college degree.

If you think this is something you might be interested in, you should definitely do some research so you thoroughly understand just what this profession entails. Some auditors are full time employees of the companies they audit. Others work for outside firms that are hired periodically to send someone into a company to evaluate policies and procedures. Auditors may also recommend practices to reduce waste and risk and investigate fraudulent activity.

Inside auditors work within the companies they evaluate. Their goals is to improve the functionality of a business, which should result in increased revenue. External auditors work outside management and are responsible to shareholders. These professionals are employed to ensure the annual financial reports shareholders receive are accurate and fully reflect the company's financial health.

Most successful auditors have advanced degrees. They usually have four year degrees in business or accounting. Many companies prefer auditors to also have a masters degree in business with auditing accreditation. There are a number of excellent colleges and universities that offer auditing courses.

There are a number of different directions an individual can go within the auditing field. They can decide to specialize in fraud management for instance. With federal regulations getting more complicated along with advancements in technology, this is a fast growing field. Investigating corporate fraud normally requires a minimum of a four year degree. Most successful fraud auditors have masters degrees in business or accounting.

Some companies employ full time auditing managers. Most of them require a job candidate to have the minimum of a bachelor's degree in finance, business, or accounting. They work with upper management and executives to ensure operating funds are distributed in the most efficient and cost effective manner. Some of these auditors are in charge of employee management as well.

There are good jobs available in the auditing field for those who do not have a college or university degree. Auditing clerks work with business bookkeepers and accountants to ensure all financial records are thorough and accurate. Some are enlisted to work in a confidential capacity evaluating and analyzing the work of other employees. Most companies require their auditing clerks to have a high school diploma, and others require a two year associate's degree.

Auditing is a growing field and can be a great career for the right individual. Interested young people should seek advice from school and career counselors for more information.

About the Author: