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Internal Auditor Training Can Create Great Career Options

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.

Many young people are unsure of exactly what auditors do and may think it is always related to tax evasion investigations. This is not the case. Most auditors spend their careers working with various companies to improve their policies and procedures. They find ways to reduce risk and waste, improve time management, and investigate any suspected fraudulent business activities. Some auditors are full time employees of the companies they evaluate. Others work for audit companies and are retained by other corporations on a periodic basis.

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.

Professionals in this field have a minimum of a four year degree in business, finance, or accounting. Most have master's degrees in business with accreditation in auditing. Some companies require that their auditing managers have advanced degrees.

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.

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 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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