Auditors examine and verify financial records to ensure that they are accurate, complete, and in compliance with federal laws. They use various types of financial software in their work, including accounting, analytical, compliance, and enterprise resource planning software. There are more than 1.4 million accountants and auditors employed in the United States.
Minimum Education Level
Auditors employed in the U.S. in October 2020 earned an average salary of $57,117, according to PayScale.com. Salaries ranged from $42,000 or less to $83,000 or more. Accountants and auditors had median annual earnings of $71,550 in May 2019, according to the U.S. Department of Labor (DOL). The lowest paid 10 percent earned less than $44,480, and the highest paid 10 percent earned more than $12...
Most auditors work standard 40-hour workweeks. Some work more than 40 hours a week, however, especially when deadlines are near for filing financial reports, such as during tax periods and ends of quarters. Auditors work alone and also in teams with accountants. They work in offices and also from home, using computers, laptops, and smartphones. Self-employed auditors and those working for small...
Employment of auditors is expected to grow by about 4 percent, as fast as the average for all occupations, through 2029, according to the U.S. Department of Labor. The coronavirus pandemic disrupted most industries in 2020, but auditors have been able to continue their work remotely. In light of travel restrictions and ongoing lock-downs, audit firms are adapting technologies to continue gather...