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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.

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.

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.

If you prefer to work within one company, you might be interested in auditing management. You will need a minimum of a four year degree in finance, business, or accounting. Auditing managers make sure their companies comply with all applicable governmental laws, rules, and regulations. They work with the corporate executive, financial, and operating officers to ensure the company is running efficiently 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 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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