Digital Marketing For Accountants

Auditing, also known as financial examining, is part of the accounting business, which makes up about 15% of this industry. An auditor usually works independently and evaluates financial statements and other financial records of a specific business or individual to make sure that the records and statements are free from errors and have been prepared according to the general accounting rules and laws. When auditing is completed, the results are usually displayed to people like stockholders in a company, the bank, the IRS and those that have a say in the specific business.

Any company that hires an auditor must hire a private and independent auditor with no relations to that business. At certain times, some people or companies are chosen randomly to be audited by either the IRS or by an internal arm of a corporation. An auditor will be sent to them to look at their financial records, usually records that go back 3-4 years. Most of the larger businesses in the US will undergo auditing at least once a year. The financial auditing company that is hired needs to remain objective while performing an audit. In order to work in the auditing field, a person will need to attend an accredited college, earn a bachelor’s degree, pass the CPA exam and acquire training of at least 3 years in this line of work. Most colleges offer an internship so that a student interesting in working as an auditor can get some training while he or she is attending college. A lot of colleges also have work study programs that offer auditing experience while students attend college.

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