- An official whose job is to carefully check the accuracy of business records.
- An auditor can be an independent auditor unaffiliated with the company being audited or a captive auditor and some are also elected by public officials.
- Auditors ensure that the organizations are maintaining accurate and honest financial records and statements.
- Collect and analyse data to detect deficient controls, duplicated effort, fraud or non-compliance with laws, regulations and management policies.
- Report to management about asset utilization and audit results and recommend changes in operations and financial activities.
- Prepare detailed report on audit findings.
- Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
- A master’s degree in finance subjects and should have completed three years of practical training under the supervision of an authorized public accountant or an approved public accountant.
- Upon completion of the training, one can sit for the exam conducted by the Audit Board.
- Once the exam is successfully cleared, one can apply for a license.
The median salary of an auditor is USD$49,000.00.