Auditing refers to the process of examining financial reports and documents of an organisation by a third party, independent of that organisation. Auditing degrees are closely related to accounting, so auditors are typically accountants or economists who specialise in evaluating financial statements of businesses in order to ensure the accuracy of the information. Internal auditing helps an institution to accomplish its objectives, by bringing a systematic economical approach to evaluate and improve the performance of risk management, control and governance processes.
Key skills and abilities for competent auditors involve numeracy and mathematical aptitudes, business acumen, economical and financial knowledge, general IT skills, self-motivation, attention to detail, as well as good time management and communication skills.
Universities usually offer postgraduate level courses in auditing, such as certificates, diplomas, concentrations, training programmes or degrees. Auditors generally have a degree in accounting or finance, and sometimes they have years of professional economical experience.
Internal auditors typically work in the private sector, independently, or as members of an accounting team. Their services are employed by trading companies, professional firms outsourced by client companies, corporations, charity organisations, and others. External auditors usually work for governmental bodies or as associates of certified accounting offices.Read more