What is Auditing? What is a typical auditor salary?

An audit is an indispensable tool in the management of an economy. As businesses grow, the need for independent and internal audits increases. As far as cross-border investment and markets opened, audits will expand. Therefore, the work in the audit industry is quite open.

What is auditing profession

Suppose accountants provide information about an organization’s finances through financial statements. In that case, Auditing is the process of collecting, evaluating, and determining the truthfulness of financial information (providing provided by accountants) and express opinions on the operational status and financial position of enterprises and organizations.

Auditing uses reconciliation, logic, interpretation, investigation, observation, inventory, and testing methods to verify the truthfulness of documents and the legality of the company’s financial statements.

The audit scope is extensive, including different areas such as information audit, performance audit, regularity audit and performance audit.

Classification of an audit by subject, there are three types of audit: independent audit, a state audit and internal audit.

What does the Auditing industry need?

A person pursuing the profession of Auditing should have the following qualities and skills:

An audit is an indispensable tool in the management of an economy. As businesses grow, the need for independent and internal audits increases. As far as cross-border investment and markets opened, audits will expand. Therefore, the work in the audit industry is quite open.

  • Independence, not depending on any customer nor any financial data
  • Conservative, only disclosing something when there is enough evidence.< /li>
  • Ability to express clearly and concisely
  • Highly observant and analytical mind
  • Hard to learn
  • Excellent Calculation, love of numbers
  • Ability to work under pressure
Reading data is a necessary skill of the industry

What is the field of Auditing?

Students learn about accounting law, Vietnamese and international accounting standards, auditing standards, professional ethics standards of accounting – auditing and related legal documents: audit, accounting, finance – statistics.

What do you do with an audit degree?

Graduating in Auditing, learners can do jobs such as:

  1. Independent auditors at domestic and international independent auditing firms, able to undertake the work of providing accounting and auditing services for all types of businesses;
  2. Internal auditors at enterprises, financial institutions, administrative and non-business units, and other accounting units; may perform internal audits of operations, audits of compliance, conduct financial audits, evaluate internal control, and advise within the entity.
  3. State auditors at state auditing units, can perform audits of financial statements and audits of compliance such as checking compliance with regulations, legal documents, and policies issued by the State Audit Office. The State promulgates for each field in units using state capital and budget.
  4. Accounting staff at enterprises, banks, administrative and non-business units, programs socio-economic programs/projects and other accounting units: after graduation, students can take on positions such as detailed accounting, general accounting, analytical accounting, internal auditing. ministry.
  5. Financial and accounting analysts and consultants in service-providing companies, financial-accounting consultants; can undertake analysis and consulting work on accounting, taxation, finance.
  6. Researchers and lecturers at educational institutions at the college, university, and high school level. industry, and research facilities. Able to undertake teaching and research on issues related to auditing and accounting.

Average Auditor Salary

The national average salary for auditors is $60,250 per year in the United States. Filter by location to see Auditor salaries in your area. Salaries estimates are based on 5088 salaries submitted anonymously to Glassdoor by Auditor employees.

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