Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Auditing and Accounting Career Advancement and Education

Job Descriptions March 8, 2013

Auditors and accountants ensure that organizations are running efficiently by providing them with accurate record keeping and valuable financial information. Daily responsibilities of accountants include paying bills, payroll, bookkeeping and keeping track of income and expenditure. Additional responsibilities of accountants may include preparing profit and lost statements, balance sheets, and other financial reports, and they may also analyze obligations, financial commitments, revenues, costs, and trends to predict future expenses and revenues.

Accountants are increasingly becoming an essential part of successful business teams because no other employees within the company understand the firm’s complex financial structure and the language of money better than them. These professionals not only report finances to management, but also offer suggestions regarding tax strategies and resource utilization; in addition to assumptions made with regard to budget forecasts. The financial and accounting data and procedures are examined by auditors to ensure that they are accurate and comply with government laws and guidelines. Auditors work to identify improper documentation or accounting and research issues in order to make recommendations to enhance procedures and policies accordingly.

Accountants and auditors are required to be detail-oriented and critical thinkers. Individuals need to have mathematical aptitude and in-depth understanding of factors influencing financial performance. Individuals who are not interested in performing analyses and solve detailed problems should not consider either of these professions. Additionally, exceptional verbal and written communication skills are becoming increasingly essential for both professions because accountants and auditors usually work and interact with various professionals or departments.

What it is Like to be an Accountant and Auditor?

On average, auditors and accountants work around 40-45 hours a week; self-employed professionals and those dealing with tax matters usually work longer hours, especially during the tax season. Accountants usually spend a majority of their time working in the office, but auditors in the other hand spend a lot of time meeting, traveling, or on the phone with business partners and clients.

Typically, the level of satisfaction in these professions are relatively high, but sometimes there are unexpected downside to these professions and it is usually when accountants or auditors find themselves being the bearer of unpleasant news when it comes to individuals or companies who have mishandled their finances or run into financial issues.

Auditors and accountants work in many different areas throughout government and private industries. About a fourth of accountants work for bookkeeping, auditing, and accounting firms and approximately three out of twenty-five auditors and accountants are self-employed. Individuals with auditing and accounting backgrounds will work as full-time faculty at universities or colleges or part-time while still working professionally. A majority of them are unlicensed, but a large number are Certified Public Accountant (CPAs). Accountants and auditors usually work in urban areas where corporate headquarters and public accounting firms tend to be located.

Training and Education

Candidates who want an auditing and accounting position are usually required to hold a minimum of an undergraduate degree in a related discipline such as finance or accounting. Individuals who want to pursue entry-level positions with the federal government will be required to complete four years of college, which includes twenty-four semester hours in auditing and accounting, or an equivalent amount of experience. Several employers may prefer candidates to hold a master degree in finance, business administration, or accounting. Once candidates are hired, a majority of them earn their Certified Public Accountant certificate. Each state has its own requirements; candidates who want to obtain information on licensing standards and requirements for their state should contact the National Association of State Boards of Accountancy.

The Institute of Internal Auditors awards a Certified Internal Auditor (CIA) designation to auditors who graduated from a certified school with two years of work experience as internal auditors, as well as passing the four-part auditor examination. Additionally, auditors with five years of experience in auditing electronic data processing systems may earn the designation of Certified Information Systems Auditor (CISA) once they pass the required exams.

Certified public accountants are required to continue professional education in order to renew their licenses. Each state has its own CPE requirements, but always involves completion of a specific amount of credit hours in applicable continuing education courses.

Employment outlook

In 2010, job growth for accountants and auditors was projected at the same rate as other occupations (source: Bureau of Labor Statistics), with greater preference shown by employers for individuals with certification or licensure. CPAs in particular are likely to enjoy a better job outlook with 150 hours of college coursework mandatory in more states. Individuals with graduate degrees and accounting certifications are heavily sought after by employers.

Associated careers

Auditors and accountants often hold additional degrees in areas such as law, advertising and marketing. They will move into related areas such as brokerage, banking, financial analysis, consulting, management analysis, and even Federal Bureau of Investigation (FBI) where auditors and accountants work in hidden asset recovery. Oftentimes, accountants will start their own business, using their knowledge in finances to manage the start-up. Occupations in which auditing and accounting backgrounds are useful, and in certain cases required, include tax examiners, revenue agents, personal financial advisors, loan officers, cost estimators, collectors, and budget analysts.

Searching Searching ...

Matching School Ads
4 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
5 Program(s) Found
  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
  • Colangelo College of Business: Features more than 25 programs from the bachelor through the master's level, including several high-demand MBA programs and an accelerated accounting degree.
  • College of Nursing and Health Care Professions: Rich 25-year history providing outstanding health care and nursing degree programs, including an RN to BSN program & master's in nursing degrees.
  • College of Education: Whether you are looking to start or advance your career as a teacher or administrator, GCU offers bachelor’s and master’s in education degrees in key areas.
  • College of Humanities and Social Sciences: Provides a job focused education and features a variety of programs from counseling and psychology to justice studies, history and English literature.
  • Does something else interest you? GCU also offers programs in Doctoral Studies; Theology; Science, Engineering & Technology; and Fine Arts & Production. Speak with an enrollment counselor today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Kaplan University Online Degree Programs
  • Attend college on your terms. Kaplan University offers fully online degree programs that fit any schedule.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Earn your Bachelor of Business Administration (BBA) 100% online
  • Learn business and leadership skills through case studies and intensive projects, culminating in a capstone course
  • Program designed to teach students key concepts in accounting, financial services, and marketing
  • South University brings over 115 years of achievement and tradition to a supportive, online classroom
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
  • Looking for an Online Business Degree Program That May Improve Your Career Options?
  • EarnMyDegree.com Can Help You Match Your Educational Goals With Your Desired Career.
  • Whether You Are Looking to Earn a Degree Online, or Study at a Nearby Campus, This Is The Place to Connect With a College That May Be Ideal for You.
  • Browse Through Our List Of Online Colleges and Traditional Schools to Determine Potential Places to Earn a Degree NOW!
  • Online Courses
  • Online and ground-based program areas include Fashion Marketing and Management and more.
  • Students can study branding, event management, and public relations to help them prepare for a marketing career
  • Course topics include Fundamentals of Business, Brand Strategy, Project Management, and Principles of Market Research
  • Over 50 locations nationwide, with a student support team dedicated to helping students grow
  • Join our next Open House on 10/21 (10/28 @ select locations)!
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid
  • Full Sail’s curriculum combines elements of creativity, art, business and life skills, technical prowess, and academic achievement.
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average.
  • Students work with industry-standard tools and technologies, allowing them to gain practical knowledge and real-world experience.
  • Join us on Facebook, Twitter, YouTube and Instagram to interact with our community, read about grad success, and see campus images.
  • Online Courses
  • Works closely with an advisory board from the medical community to ensure that their curriculum, equipment and instruction are current and relevant.
  • Offers special tuition pricing for Veterans, Active Duty Military and spouses/qualifying dependents of all Active Duty, National Guard and Reserves.
  • ABHES-accredited:  An  advantage upon graduation
  • Short-term education:  Programs range from 10 months to 2 years
  • Blackboard Learn mobile allows students to complete assignments on the go.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits

Searching Searching ...

Matching School Ads
4 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
5 Program(s) Found
  • Why Earn Your Degree from GCU?
  • Options: Choose from a variety of undergraduate and graduate degree programs in Business, Nursing, Psychology, Education & more!
  • Convenience: Complete courses online, on campus, or a combination of both!
  • Earlier Graduation: Our 4-credit courses allow you to complete your degree program in less time.
  • Transfer Friendly: We will request your transcripts, evaluate your graduate coursework, and determine your anticipated graduation date within 24 hours.
  • Quality: Grand Canyon University was founded in 1949 and is regionally accredited. Learn more today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Kaplan University Online Degree Programs
  • Attend college on your terms. Kaplan University offers fully online degree programs that fit any schedule.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Online Bachelor's programs include BBA, Criminal Justice, Psychology, IT, Healthcare Management & Public Health
  • Over 115 years of delivering quality education and personalized attention to students
  • Provide a range of campus experiences and services online including advising, tutoring, student community, and career services
  • Give students and alumni access to career assistants who help with resumes, cover letters, job hunting, and more.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits

Login to your account

Can't remember your Password ?

Register for this site!