Sunday, March 5, 2017

Internal Auditor Training Requirements And Career Paths

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 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.

Those interested in this type of career have to be prepared to spend the time and money to get an undergraduate degree in business, accounting, or finance. There are some companies that require their auditors to have a masters in business with advanced auditing education. Many universities and colleges throughout the country offer these auditing courses.

If you decide auditing is something that interests you, there are several areas you can specialize in. Many find the field of fraud management extremely rewarding. Most of these investigators are involved in corporate fraud cases. These cases are becoming more widespread as a result of the growing global economy, the advances in technology, and the increasingly complex federal regulations. The majority of these professionals have advanced degrees in accounting or business.

Inside audit managing is another career path with many openings. These individuals must have at least a bachelor's degree in accounting, business, or finance. They are employed by companies to ensure operating funds are allocated efficiently and risk is minimized. In some companies, they oversee employee management as well as other duties. Most inside auditors make more than one hundred thousand dollars a year.

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 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.

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