Internal Auditor Training Can Create Great Career Options -


Internal Auditor Training Can Create Great Career Options

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.

External and inside auditing are two different fields. If you want to do external auditing, you will be working outside company management and be accountable to stock and shareholders. Your responsibilities will include verifying the accuracy of annual financial reports. If you want to work inside management, you will be expected to have expertise pertaining to all rules and regulations that apply to the company you work for as well as keeping the company running at maximum capacity.

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.

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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