Auditors are independent specialists who assess the accounts of companies and organisations to ensure that the financial records are valid and legal, they will monitor the money going in and out of an organisation to ensure that it is recorded and processed correctly. They may also advise companies on cost saving measures. Auditors can be either internal or external, internal auditors work largely in the private sector and external auditors will work for either a private accountancy firm or in the public sector for the National Audit Office.
To be an external auditor, you’ll need to be a qualified chartered accountant with membership of one of the following professional bodies:
- Association of Chartered Certified Accountants (ACCA)
- Institute of Chartered Accountants in England and Wales (ICAEW)
- Association of International Accountants (AIA)
You’ll need to be a member of the Chartered Institute of Public Finance and Accountancy (CIPFA) to carry out audits in the public sector.
You can become qualified by taking:
- a graduate training scheme after completing an accountancy degree at university
- a company's graduate scheme after completing a degree in any subject
- the National Audit Office 3-year training scheme for graduates in any subject
- a higher apprenticeship in professional services
To become an internal auditor, you don't have to have to be an accountant, although it may help in certain jobs.
Experience in finance, banking, HR or management can also be helpful.
You can join a company as a trainee auditor or move into auditing. You’ll usually need A levels and to take further training.
You can carry out internal audits if you’re a qualified accountant with the Chartered Institute of Management Accountants (CIMA).
Career Path and Progression
As an experienced external auditor, you could move into management and then become a partner or finance director. You could also set up your own accountancy practice.
As an experienced internal auditor, you could move into a management role. You could also become a chartered internal auditor, or become a self-employed consultant.
Related careers you may be interested in:
- Company secretary
- Private practice accountant
- Public finance accountant
- Tax inspector
National Government Policy states that all students should have achieved at least a Grade 4 or C Grade in English & Maths at GCSE. Achieving this minimum grade in these subjects will increase the opportunities open to you, support your future career development and prospects.
Students who do not meet this standard will be supported to continue to study English and Maths through full-time education or an Apprenticeship.
- The ability to use your own initiative
- Analytical thinking and a methodical approach
- Sound judgement
- Excellent communication skills
- Good concentration levels
- The ability to work under pressure to meet deadlines
- Tact and Diplomacy
- Confidence in your own abilities
- The ability to write reports and give presentations if necessary
£25,000 to £80,000