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How to become an auditor?
Lend your expertise: what does it take to become an auditor?
Alt Note: Given the growing interest in the auditing field, we're inviting our experienced professionals to share their knowledge.
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5 answers
Dr. Imrul Hasan
Food Science and Nutrition
1
Answer
Dhaka, Dhaka Division, Bangladesh
Updated
Dr. Imrul’s Answer
To become a Food Safety Auditor, you typically need the following qualifications and steps:
Educational Background:
A degree in food safety, biological sciences, or a related field.
Work Experience:
At least 5 years of experience in the food industry, focusing on areas like food safety, quality assurance, or compliance.
Lead Auditor Training:
Completion of a Lead Auditor course in the specific certification scheme you wish to audit (e.g., ISO 22000, BRCGS, FSSC 22000).
Auditor Qualification Process:
Observer Audits: Participate in audits as an observer to understand the process.
Team Member Audits: Work as part of an audit team to gain practical experience.
Shadow Audits: Conduct audits under the supervision of a qualified auditor.
Witness Audits: Have your audit skills evaluated by a qualified witness from your Certification Body (CB).
Final Approval:
If you successfully complete all these steps, you will be approved as a Lead Auditor for the specific scheme.
This process ensures that auditors are well-trained, competent, and capable of maintaining the standards required for effective food safety management systems.
Educational Background:
A degree in food safety, biological sciences, or a related field.
Work Experience:
At least 5 years of experience in the food industry, focusing on areas like food safety, quality assurance, or compliance.
Lead Auditor Training:
Completion of a Lead Auditor course in the specific certification scheme you wish to audit (e.g., ISO 22000, BRCGS, FSSC 22000).
Auditor Qualification Process:
Observer Audits: Participate in audits as an observer to understand the process.
Team Member Audits: Work as part of an audit team to gain practical experience.
Shadow Audits: Conduct audits under the supervision of a qualified auditor.
Witness Audits: Have your audit skills evaluated by a qualified witness from your Certification Body (CB).
Final Approval:
If you successfully complete all these steps, you will be approved as a Lead Auditor for the specific scheme.
This process ensures that auditors are well-trained, competent, and capable of maintaining the standards required for effective food safety management systems.
Gilbert Kowalski
Credit Repair Expert & Financial Advisor
1
Answer
Ashland, Kentucky
Updated
Gilbert’s Answer
Auditors are business professionals who ensure that financial statements are accurate and comply with corporate and legal guidelines. Organizations in many industries hire auditors to protect not only the business itself but also investors and employees. Government agencies and accounting and consulting firms are among the organizations that work with auditors to ensure that public funds are being used appropriately. Read on for an overview of what auditors do, how to become an auditor, and average auditor salaries.
Auditor responsibilities include detecting fraud; recommending accounting control improvements; and helping businesses follow finance, tax, and banking laws while ensuring effective and efficient financial management.
There are two types of auditors: internal and external. Internal auditors are employees, whereas external auditors are not employed by the government or business entity that they’re auditing. Both types of auditors must be unbiased and objective.
External auditors at federal and state governments protect taxpayer money by examining the financial records of organizations and government agencies and departments and ensuring proper and lawful use of public funds. For example, the National Institutes of Health sends auditors to public and private research organizations to ensure the appropriate use of taxpayer funds for specific programs. In some states, auditors routinely review city, town, and village government finances and assess criminal and civil penalties if funds are misused or mismanaged.
Auditors in specialized fields might need to become well versed in financial laws specific to an area or industry. Other auditors are responsible for determining whether a company is meeting the performance goals set by its board of directors.
Auditors must adhere to standards of practice — for example, internal auditors follow the standards set by the Institute of Internal Auditors. Government auditors follow U.S. Government Accountability Office guidelines. U.S. public companies must hire an auditor at least once a year to ensure accordance with generally accepted accounting principles (GAAP).
Auditor responsibilities include detecting fraud; recommending accounting control improvements; and helping businesses follow finance, tax, and banking laws while ensuring effective and efficient financial management.
There are two types of auditors: internal and external. Internal auditors are employees, whereas external auditors are not employed by the government or business entity that they’re auditing. Both types of auditors must be unbiased and objective.
External auditors at federal and state governments protect taxpayer money by examining the financial records of organizations and government agencies and departments and ensuring proper and lawful use of public funds. For example, the National Institutes of Health sends auditors to public and private research organizations to ensure the appropriate use of taxpayer funds for specific programs. In some states, auditors routinely review city, town, and village government finances and assess criminal and civil penalties if funds are misused or mismanaged.
Auditors in specialized fields might need to become well versed in financial laws specific to an area or industry. Other auditors are responsible for determining whether a company is meeting the performance goals set by its board of directors.
Auditors must adhere to standards of practice — for example, internal auditors follow the standards set by the Institute of Internal Auditors. Government auditors follow U.S. Government Accountability Office guidelines. U.S. public companies must hire an auditor at least once a year to ensure accordance with generally accepted accounting principles (GAAP).
James Constantine Frangos
Consultant Dietitian-Nutritionist & Software Developer since 1972 🡆 Optimization Of Human Performance: jim.frangos@gmail
6881
Answers
Gold Coast, Queensland, Australia
Updated
James Constantine’s Answer
Hello Career Village Office Hours Staff!
How to Become an Auditor
Becoming an auditor involves a series of educational, certification, and experiential steps that equip individuals with the necessary skills and knowledge to perform audits effectively. Below is a detailed breakdown of the process:
1. Educational Requirements
To start a career in auditing, you typically need at least a bachelor’s degree in accounting, finance, or a related field. Here are the key aspects of this step:
Bachelor’s Degree: Most auditors hold a degree in accounting or finance. Courses should cover topics such as financial accounting, managerial accounting, taxation, auditing principles, and business law.
Master’s Degree (Optional): While not always required, obtaining a Master’s in Accounting or an MBA with a concentration in accounting can enhance job prospects and prepare candidates for advanced roles.
2. Gain Relevant Experience
Experience is crucial in the auditing field. Here are some ways to gain relevant experience:
Internships: Many students pursue internships during their studies to gain practical experience. Internships provide exposure to real-world auditing processes and help build professional networks.
Entry-Level Positions: After graduation, aspiring auditors often start in entry-level positions such as staff accountant or junior auditor. These roles allow individuals to learn the basics of financial reporting and compliance.
3. Obtain Professional Certification
Certification is often required or preferred by employers and can significantly enhance your credibility as an auditor. The most recognized certifications include:
Certified Public Accountant (CPA): This is one of the most sought-after credentials for auditors. To become a CPA, candidates must pass the CPA exam and meet state-specific requirements regarding education and experience.
Certified Internal Auditor (CIA): This certification focuses on internal auditing practices and requires passing an exam that covers various aspects of internal audit management.
Other Certifications: Depending on your career goals, you might consider additional certifications such as Certified Information Systems Auditor (CISA) or Certified Fraud Examiner (CFE).
4. Develop Key Skills
Successful auditors possess several critical skills that aid them in their work:
Analytical Skills: Auditors must analyze complex financial data to identify discrepancies or areas for improvement.
Attention to Detail: Precision is vital; small errors can lead to significant issues in financial reporting.
Communication Skills: Auditors need strong verbal and written communication skills to explain findings clearly to clients or stakeholders.
Ethical Judgment: Given the nature of their work, auditors must adhere to high ethical standards and demonstrate integrity.
5. Stay Updated on Regulations
The auditing field is subject to constant changes due to new regulations and standards (e.g., Generally Accepted Accounting Principles - GAAP). Auditors must stay informed about these changes through continuous education and professional development opportunities.
Continuing Professional Education (CPE): Most certifications require ongoing education credits to maintain licensure. Engaging in workshops, seminars, or online courses helps auditors stay current with industry trends.
6. Networking and Professional Development
Building a professional network can open doors for career advancement:
Join Professional Organizations: Organizations like the American Institute of CPAs (AICPA) offer resources for networking, continuing education, and professional development.
Attend Conferences/Seminars: Participating in industry events allows auditors to connect with peers and learn from experts about emerging trends in auditing practices.
By following these steps—obtaining relevant education, gaining experience, achieving certification, developing essential skills, staying updated on regulations, and networking—individuals can successfully embark on a career as an auditor.
Top 3 Authoritative Sources Used in Answering this Question:
American Institute of CPAs (AICPA)
The AICPA provides resources related to CPA certification requirements, continuing education opportunities, and updates on industry standards relevant for aspiring auditors.
National Association of State Boards of Accountancy (NASBA)
NASBA offers comprehensive information regarding licensing requirements for CPAs across different states which is crucial for understanding how to become certified as an auditor.
Institute of Internal Auditors (IIA)
The IIA focuses specifically on internal audit practices providing guidelines on certifications like CIA along with resources for professional development within the internal audit profession.
Probability that the answer is correct: 95%
God Bless You All!
James Constantine, The Little Old Aussie Battler.
How to Become an Auditor
Becoming an auditor involves a series of educational, certification, and experiential steps that equip individuals with the necessary skills and knowledge to perform audits effectively. Below is a detailed breakdown of the process:
1. Educational Requirements
To start a career in auditing, you typically need at least a bachelor’s degree in accounting, finance, or a related field. Here are the key aspects of this step:
Bachelor’s Degree: Most auditors hold a degree in accounting or finance. Courses should cover topics such as financial accounting, managerial accounting, taxation, auditing principles, and business law.
Master’s Degree (Optional): While not always required, obtaining a Master’s in Accounting or an MBA with a concentration in accounting can enhance job prospects and prepare candidates for advanced roles.
2. Gain Relevant Experience
Experience is crucial in the auditing field. Here are some ways to gain relevant experience:
Internships: Many students pursue internships during their studies to gain practical experience. Internships provide exposure to real-world auditing processes and help build professional networks.
Entry-Level Positions: After graduation, aspiring auditors often start in entry-level positions such as staff accountant or junior auditor. These roles allow individuals to learn the basics of financial reporting and compliance.
3. Obtain Professional Certification
Certification is often required or preferred by employers and can significantly enhance your credibility as an auditor. The most recognized certifications include:
Certified Public Accountant (CPA): This is one of the most sought-after credentials for auditors. To become a CPA, candidates must pass the CPA exam and meet state-specific requirements regarding education and experience.
Certified Internal Auditor (CIA): This certification focuses on internal auditing practices and requires passing an exam that covers various aspects of internal audit management.
Other Certifications: Depending on your career goals, you might consider additional certifications such as Certified Information Systems Auditor (CISA) or Certified Fraud Examiner (CFE).
4. Develop Key Skills
Successful auditors possess several critical skills that aid them in their work:
Analytical Skills: Auditors must analyze complex financial data to identify discrepancies or areas for improvement.
Attention to Detail: Precision is vital; small errors can lead to significant issues in financial reporting.
Communication Skills: Auditors need strong verbal and written communication skills to explain findings clearly to clients or stakeholders.
Ethical Judgment: Given the nature of their work, auditors must adhere to high ethical standards and demonstrate integrity.
5. Stay Updated on Regulations
The auditing field is subject to constant changes due to new regulations and standards (e.g., Generally Accepted Accounting Principles - GAAP). Auditors must stay informed about these changes through continuous education and professional development opportunities.
Continuing Professional Education (CPE): Most certifications require ongoing education credits to maintain licensure. Engaging in workshops, seminars, or online courses helps auditors stay current with industry trends.
6. Networking and Professional Development
Building a professional network can open doors for career advancement:
Join Professional Organizations: Organizations like the American Institute of CPAs (AICPA) offer resources for networking, continuing education, and professional development.
Attend Conferences/Seminars: Participating in industry events allows auditors to connect with peers and learn from experts about emerging trends in auditing practices.
By following these steps—obtaining relevant education, gaining experience, achieving certification, developing essential skills, staying updated on regulations, and networking—individuals can successfully embark on a career as an auditor.
Top 3 Authoritative Sources Used in Answering this Question:
American Institute of CPAs (AICPA)
The AICPA provides resources related to CPA certification requirements, continuing education opportunities, and updates on industry standards relevant for aspiring auditors.
National Association of State Boards of Accountancy (NASBA)
NASBA offers comprehensive information regarding licensing requirements for CPAs across different states which is crucial for understanding how to become certified as an auditor.
Institute of Internal Auditors (IIA)
The IIA focuses specifically on internal audit practices providing guidelines on certifications like CIA along with resources for professional development within the internal audit profession.
Probability that the answer is correct: 95%
God Bless You All!
James Constantine, The Little Old Aussie Battler.
Frank Holloman
Audit Director
39
Answers
Memphis, Tennessee
Updated
Frank’s Answer
One thing many students don’t know about internal audit is that you don’t need to major in accounting. While accounting is probably the only major that offers classes in auditing, any business major is an appropriate major for internal audit. In fact, IT and engineering majors are also appropriate. Since internal auditors are responsible for auditing every process in a company, a diversity of majors and job experiences are valuable. Related to the variety of audits performed, a variety of certifications are available and applicable. Depending on one’s interests, pursuing any of the following certifications will add to your knowledge and marketability in internal audit: Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Information Systems Auditor (CISA), and Certified Fraud Examiner (CFE).
There are a number of skills that are also valuable for becoming an internal auditor. They include analytical skills, verbal and written communication skills, inquisitiveness, problem solving, collaboration, and creativity.
There are a number of skills that are also valuable for becoming an internal auditor. They include analytical skills, verbal and written communication skills, inquisitiveness, problem solving, collaboration, and creativity.
Kristin Lindsey
Accountant
3
Answers
Plano, Texas
Updated
Kristin’s Answer
Professional skepticism!! It's important to always have a questioning mindset when auditing certain data. You may trust the data, but you should alway verify that the data is correct. Trust your instincts if something doesn't appear right, and always ask questions.