Auditors

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About the Job

Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.

It is also Called

  • Utility Accounts Director
  • Traveling Auditor
  • Tax Specialist
  • Tax Professional
  • Tax Auditor
  • Tax Associate
  • Staff Auditor
  • Revenue Tax Specialist
  • Revenue Audit Clerk
  • Railroad Auditor
show all

What They Do

  • Conduct pre-implementation audits to determine if systems and programs under development will work as planned.
  • Direct activities of personnel engaged in filing, recording, compiling, and transmitting financial records.
  • Produce up-to-the-minute information, using internal computer systems, to allow management to base decisions on actual, not historical, data.
  • Examine records, tax returns, and related documents pertaining to settlement of decedent's estate.
  • Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.
  • Audit payroll and personnel records to determine unemployment insurance premiums, workers' compensation coverage, liabilities, and compliance with tax laws.
  • Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.
  • Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets.
  • Examine inventory to verify journal and ledger entries.
  • Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.

Interests

People who work in this occupation generally have the interest code: CA.

This means people who work in this occupation generally have Conventional interests, but also prefer Artistic environments.

Work Values

People who work in this occupation generally prize Independence, but also value Achievement and Recognition in their jobs.

Things They Need to Know

  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

Things They Need to Be Able to Do

  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Speaking - Talking to others to convey information effectively.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Mathematics - Using mathematics to solve problems.

Additional Resources


Preparation Required

Most of these occupations require a four-year bachelor's degree, but some do not.

Wages

In 2016, the average annual wage in California was $82,620 with most people making between $45,670 and $128,660

Outlook

1.79%
avg. annual growth

During 2014, this occupation employed approximately 156,400 people in California. It is projected that there will be 184,400 employed in 2024.

This occupation will have about 2,800 openings due to growth and about 4,170 replacement openings for approximately 6,970 total annual openings.