A key role in the Accounting & Finance sector, an Auditor is crucial to any industry. Either Internal or External, an Auditor ensures that a company's financial procedures are both in order and working correctly. They are responsible for checking and guaranteeing the accuracy of the financial records held by an organisation. Companies of all sizes will look to hire an Auditor to make sure all accounts are in order and there are employment agencies throughout the UK recruiting such staff.
Accounting & Finance is a strongly represented sector for Auditors. These roles exist all over the UK and employers are assisted greatly by recruitment agencies who find staff for any applicable permanent, temporary or contract Auditor position. London is a popular area for Auditors considering its prominence in the Finance sector but many towns and cities including Leeds, Norwich and Birmingham have employers looking for Auditors.
An Internal Auditor works for the organisation being reviewed, evaluating financial operations and ensuring they comply with law, while identifying irregularities. An External Auditor undertakes these tasks too, but is not employed by the organisation being audited. An Internal Auditor should have experience of working within a business so they are equipped to examine a company's procedures. An External Auditor examines and interprets accounts and identifies the risks to the business before making improvement recommendations.
They must be qualified as an Accountant in order to become an External Auditor. This will often include an official qualification from a recognised professional body such as the Association of International Accountants (AIA). Candidates must have a degree and be proficient in maths and IT. This allows entry on to graduate training schemes so Accountancy qualifications can be obtained. Auditors work between 35 - 40 hours a week either in a full- or part-time capacity. This employment can be undertaken at home or on company premises, depending on a client's preference. Auditors start on salaries between £18,000 - £25,000, and once qualified, this can rise to £45,000. Senior and management salaries meanwhile, generally start at £50,000.
As an Internal Auditor is employed directly by a company, their job opportunities generally lie within organisations in the Public Sector as well as for private businesses who provide internal audit services to clients. External Auditors will find vacancies at Chartered Accountant firms or for the National Audit Office which often undertakes audits for the government.