auditor job description

Your daily tasks and responsibilities vary depending on the company you work for and your area of specialisation. Some of the common duties of auditors include: examining accounting records: as an auditor, your primary role is to analyse and review accounting records to ascertain their accuracy and determine the financial status of a company. creating reports: after investigating accounting records, you prepare a detailed report on audit findings and recommendations. Your report includes asset utilisation assessments and solutions for improving revenue. detecting fraud and illegal activities: aside from checking the financial health of an organisation, you investigate fraud and embezzlement of funds. You also help companies with compliance issues and adherence to management policies. monitoring risks: your job is to gauge a company's financial risk and develop recommendations to improve its financial position. You investigate processes that consume a lot of resources without producing revenue. conducting statutory audits: as an external auditor, your job includes conducting unbiased audits to fulfil statutory requirements. You ensure the company remits the relevant taxes to the Australian Taxation Office .

As an auditor, you work in diverse industries, from mining and manufacturing to retail and telecommunications companies. Whether you are an auditor in the public or private sector, you work in an office environment. When you work in a consultancy firm, you work from the client's place of business. You can complete all your work from your desk, but sometimes you travel to meet clients and managers. Most auditors work individually, but in large corporations, you might work with a team of auditors to complete tasks on time. If you prefer a hybrid work environment, many companies allow auditors to work from home or remotely.

who are your colleagues?

Depending on your employer and the industry you work in, your colleagues might include accountants , data analysts and data entry professionals . You might also be working in close proximity to controllers and finance analysts , as well as other specialists that could include, but not be limited to, finance managers, operations managers and business analysts .

As an auditor, you work a full-time schedule of 39 hours a week. Part-time positions are also available in some companies. Occasionally, you work overtime in the evenings and weekends during important times of the year. For instance, in the tax season and at the end of a budget year, auditors are busy and work long shifts to complete audits on time. Sometimes, you travel to meet clients and visit subsidiaries of your employer. If you like meeting new people or the occasional change of scenery, working as an auditor can offer you the chance to do so.

Auditing is a growing career option fuelled by the growth of businesses and the changing tax and regulatory sector. In Australia, the job growth rate for auditors is projected to reach 11.1% in the next five years. To succeed in auditing, adopt technological advancements that enable you to take up complex responsibilities. You can also specialise in specific areas and expand your experience to increase your job prospects. Auditing is a gratifying career due to its clear progression from beginner to executive positions. As an experienced auditor, your qualifications can propel you to a management or consultant role. When you work in audit firms, build your skills to progress your career and become a partner in the consultancy firm.

advantages of finding an auditor job through randstad

Finding your auditor job through Randstad provides important advantages such as: a wide variety of training and development opportunities an experienced contact person to provide help if needed a range of opportunities in your area get paid weekly or monthly, depending on the job temporary and permanent contracts Want a permanent contract? A temporary job as an auditor is often a stepping stone to an attractive permanent job. Every year, thousands of people earn a permanent contract with great employers thanks to a temporary job found through Randstad. What's more, many companies recruit their permanent employees through Randstad too.

what is the job of an auditor?

As an auditor, you evaluate the company accounts and ensure compliance with internal policies and government regulations. You also investigate cases of fraud and embezzlement of funds.

how much are auditors paid in Australia?

Auditors receive an average salary of $83,000 per year. The remuneration package fluctuates based on experience and educational qualifications. Your earnings range from $75,000 to $90,000 per year.

what’s the difference between auditors and accountants?

An accountant records and compiles financial transactions in a company for the purposes of record keeping. Auditors investigate the books of accounts to check for discrepancies and ensure compliance.

is working as an auditor a good career?

Working as an auditor is a promising career with good job prospects. You have multiple areas of specialisation and can progress to higher roles in the accounting or finance departments.

are auditors in demand in Australia?

Auditors are in high demand in Australia, with the workforce demand expected to increase over the next five years, especially for external auditors. The job growth rate is projected to be 11.1% over the next five years.

how do I apply for an auditor vacancy?

Applying for an auditor job is easy: create a Randstad profile and search our job offers for vacancies in your area. Then send us your CV and cover letter. Need help with your application? Check out all our job search tips here .

auditor

what is an auditor?

As an auditor, you are accredited to assess, evaluate and ensure the accuracy of an organisation's financial accounts. You also guarantee tax compliance and validate the business actions of your employer to ensure the company is running smoothly.

In an advisory role, you assist your employer in identifying cost-saving measures and risk-aversion methods that improve business success. As an economic specialist, you assess a company's financial health and provide recommendations to improve revenue and minimise expenses.

All companies require an internal or external auditor to assess financial soundness and ensure compliance with industry regulations. Auditors also work for the government and public corporations to ascertain the proper handling of funds and uncover embezzlement or misappropriation schemes.

In the private sector, auditors act as consultants who ensure financial records mirror the state of an organisation. You also provide unbiased evaluations and recommend methods of improving a company's current practices and processes.

Generally, your objective as an auditor is to assist companies in improving operational productivity, mitigating risk and ensuring compliance. As part of a company's accounts department, you can work in the banking and finance sectors or in industries as diverse as manufacturing, mining or production.

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average auditor salary

The average earnings of an auditor in Australia is $83,000 per year. The remuneration package of auditors varies based on various factors. The lowest salary of an auditor is $75,000 per year due to minimal experience and educational qualifications. The highest-paid auditors take home over $90,000 annually due to experience and expertise.

how to increase your earnings as an auditor

Your earnings as an auditor fluctuate based on various factors. As a junior auditor, you start with a lower salary since you have minimal experience. Employers pay a higher salary to auditors with a few years of experience. Having additional qualifications and being a member of a professional body highlights your credentials, and you can negotiate a higher salary.

The company you work for also determines your remuneration prospects. Working for a large company increases your earning potential due to the unlimited resources available. In large organisations, you have complex auditing responsibilities and work with a large team to handle the company's finances. In a small company, you earn a lower salary due to the limited resources available to small organisations. You also handle fewer tasks due to the minimal financial transactions.

Want to know what you will earn as an auditor? Check out what you are worth with our salary checker.

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types of auditors

Auditors branch out into various specialisms in their auditing career. For instance, you can become an internal auditor. When you are an internal auditor, your responsibilities are dictated by the employer. Your role is to review the performance of employees and ensure financial records comply with the company's standards and accounting systems. You also conduct risk assessments and assist managers in making sound business decisions.

As an external auditor, you carry out mandatory statutory or financial audits to determine the accuracy of records. Your responsibility is to ensure the financial records accurately represent a company's financial situation. The report you prepare provides unbiased evidence of the integrity of a company to its stakeholders.

In forensic auditing, you investigate illegal activities and fraud in a company. You help organisations determine protection measures to prevent embezzlement and fraud. Some auditors also become tax auditors, who verify the integrity of a company's tax returns. You determine whether a company correctly estimated its tax obligations.

woman in black dress suit, working on desktop computer

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working as an auditor

Becoming an auditor is an exciting career with diverse responsibilities and work environments. Read on to find out how you spend your time as an auditor and whether the role might be something you enjoy.

auditor job description
Your daily tasks and responsibilities vary depending on the company you work for and your area of specialisation. Some of the common duties of auditors include:
- examining accounting records: as an auditor, your primary role is to analyse and review accounting records to ascertain their accuracy and determine the financial status of a company.
- creating reports: after investigating accounting records, you prepare a detailed report on audit findings and recommendations. Your report includes asset utilisation assessments and solutions for improving revenue.
- detecting fraud and illegal activities: aside from checking the financial health of an organisation, you investigate fraud and embezzlement of funds. You also help companies with compliance issues and adherence to management policies.
- monitoring risks: your job is to gauge a company's financial risk and develop recommendations to improve its financial position. You investigate processes that consume a lot of resources without producing revenue.
- conducting statutory audits: as an external auditor, your job includes conducting unbiased audits to fulfil statutory requirements. You ensure the company remits the relevant taxes to the Australian Taxation Office.
work environment

As an auditor, you work in diverse industries, from mining and manufacturing to retail and telecommunications companies. Whether you are an auditor in the public or private sector, you work in an office environment. When you work in a consultancy firm, you work from the client's place of business.

You can complete all your work from your desk, but sometimes you travel to meet clients and managers. Most auditors work individually, but in large corporations, you might work with a team of auditors to complete tasks on time. If you prefer a hybrid work environment, many companies allow auditors to work from home or remotely.
who are your colleagues?

Depending on your employer and the industry you work in, your colleagues might include accountants, data analysts and data entry professionals. You might also be working in close proximity to controllers and finance analysts, as well as other specialists that could include, but not be limited to, finance managers, operations managers and business analysts.
work schedule

As an auditor, you work a full-time schedule of 39 hours a week. Part-time positions are also available in some companies. Occasionally, you work overtime in the evenings and weekends during important times of the year. For instance, in the tax season and at the end of a budget year, auditors are busy and work long shifts to complete audits on time.

Sometimes, you travel to meet clients and visit subsidiaries of your employer. If you like meeting new people or the occasional change of scenery, working as an auditor can offer you the chance to do so.
job outlook

Auditing is a growing career option fuelled by the growth of businesses and the changing tax and regulatory sector. In Australia, the job growth rate for auditors is projected to reach 11.1% in the next five years.

To succeed in auditing, adopt technological advancements that enable you to take up complex responsibilities. You can also specialise in specific areas and expand your experience to increase your job prospects.

Auditing is a gratifying career due to its clear progression from beginner to executive positions. As an experienced auditor, your qualifications can propel you to a management or consultant role. When you work in audit firms, build your skills to progress your career and become a partner in the consultancy firm.
advantages of finding an auditor job through randstad
Finding your auditor job through Randstad provides important advantages such as:
- a wide variety of training and development opportunities
- an experienced contact person to provide help if needed
- a range of opportunities in your area
- get paid weekly or monthly, depending on the job
- temporary and permanent contracts
Want a permanent contract? A temporary job as an auditor is often a stepping stone to an attractive permanent job. Every year, thousands of people earn a permanent contract with great employers thanks to a temporary job found through Randstad. What's more, many companies recruit their permanent employees through Randstad too.

4

education and skills

As an auditor, you require educational qualifications to excel in your role. Pursue a bachelor's degree in business (accounting) or a bachelor of accounting. The accredited degree courses take three years and prepare you for your role. You can enhance your employability with a postgraduate degree like a master of professional accounting.

Aside from education, you need relevant work experience and certifications. Join internships and work in accounting roles to gain relevant knowledge and improve your skills. To work as an auditor in Australia, you are required to complete certifications from the Institute of Chartered Accountants Australia or Certified Practising Accountants Australia. Obtaining a membership with the Australian Securities and Investments Commission (ASIC) is also mandatory. Internal auditors can get certifications, such as the Certified Internal Auditor (CIA) from the Institute of Internal Auditors of Australia.

auditor skills and competencies

Can you combine your qualifications with hard and soft skills? Then you are likely to thrive in your career as an auditor. Some of the important skills include:

analytical skills: your job is to identify issues in documentation and provide effective solutions. To review the financial records and analyse company processes, you need exceptional analytical skills to investigate and interpret the information at hand.
organisation skills: in auditing, you work with a range of financial records, and sometimes you maintain documents from multiple clients. Strong organisational skills help you sort documentation and keep paperwork to provide accurate results.
communication skills: as an auditor, you work closely with clients and the upper management. Therefore, it is crucial to have good communication skills. You should understand your client's needs and concerns to provide solutions. Sometimes, you present your audit findings or write reports, which require proper communication skills.
maths skills: in auditing, you will spend most of the day crunching numbers and analysing records to interpret facts and figures. If you combine maths skills, proficiency in data analysis and accounting skills, you can succeed in your auditing career.
attention to detail: mistakes in auditing have severe consequences, including fines and legal actions. You should be attentive to details when examining accounting records to help your clients avoid penalties and liabilities.

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FAQs about working as an auditor

Here, you will find the answers to the most frequently asked questions about the profession of an auditor.

what is the job of an auditor?

As an auditor, you evaluate the company accounts and ensure compliance with internal policies and government regulations. You also investigate cases of fraud and embezzlement of funds.
how much are auditors paid in Australia?

Auditors receive an average salary of $83,000 per year. The remuneration package fluctuates based on experience and educational qualifications. Your earnings range from $75,000 to $90,000 per year.
what’s the difference between auditors and accountants?

An accountant records and compiles financial transactions in a company for the purposes of record keeping. Auditors investigate the books of accounts to check for discrepancies and ensure compliance.
is working as an auditor a good career?

Working as an auditor is a promising career with good job prospects. You have multiple areas of specialisation and can progress to higher roles in the accounting or finance departments.
are auditors in demand in Australia?

Auditors are in high demand in Australia, with the workforce demand expected to increase over the next five years, especially for external auditors. The job growth rate is projected to be 11.1% over the next five years.
how do I apply for an auditor vacancy?

Applying for an auditor job is easy: create a Randstad profile and search our job offers for vacancies in your area. Then send us your CV and cover letter. Need help with your application? Check out all our job search tips here.

auditor.