career as an auditor
करियर एज ऑडिटर
audit word is derived from the latin term audire' that means to hear, so earlier auditor listen to the accounts for check account auditing is as old as accounting and used in all ancient
countries like egypt, rome, mesopotamia, greece, u.k. and india. our vedas also contain reference to accounts and auditing as arthasashtra of kautilya that includes detail rules for accounting and auditing for public finance. Auditor dissect the inner workings of mostly aspect of a company, so career as an auditor is poring over expense reports and financial statements to ensure compliance with government regulations. the actual objective of auditing is to detect and prevent frauds and errors. audit is an examination and inspection of accounts books as physical checking of inventory to assure that departments follows documented system of recording transactions, it is also ascertaining accuracy of financial statements that provided by the organization.
economic decisions are based upon the availability of information at the decision time like bank issue loan on basis of previous financial statements. So to get a common way for reliable information there is need of someone for verification (audit) that performed by independent persons. Then the audited information can be used in the decision-making process audit can be done internally by employees or heads of a department and externally by an outside firm or an independent auditor. the idea is to check and verify the accounts by an independent authority to ensure that all books of accounts are done in a fair manner and there is no misrepresentation or fraud that is being conducted.
It is an compulsion for public get audited accounts by an independent auditor at every declaration of results for quarter. In india these audit can be performed by chartered accountants from the institute of chartered accountants of india as independ ent audits.
auditing involves different job responsibilities like review, analysis and evaluation of processes, services, products, systems, organizations and employees; assess accuracy, validity, reliability and verifiability of organizational information, inspect internal controls of organizations; they ensure effectiveness of financial and operational reporting. Various types of auditors are employed Like internal auditors for organization for efficient and effective run of organization, external auditors do work independently as professional accountants in public practice and prepare financial statements for companies, and other organizations, government auditors do examination of government agencies and private businesses and individuals comes under government regulations or taxation, forensic auditors identify, investigate and deter fraud and white-collar crimes.
Eligibility: to work as an auditor, candidate must be bachelor in commerce, or in accounting, mba in finance can also be selected. courses in commerce, economics and statistics can also be helpful. With the course of auditing a computer accounting software knowledge is an additional advantage these days like tally. advance courses like ca, icwa, company secretaryship etc can be also taken.
courses available: so many courses are available in auditing & taxation field. Institutes offer courses like diploma in auditing, accounting, taxation, company law etc.
Scope: economy is growing with boost in business concerns day by day is increasing demand for auditors in the private and public sector companies. Auditors work is get easy with technology and software utilization while earlier record keeping and data management was a tedious job. Auditor’s have to begin work under the supervision of an established auditor, with experience they can do work independently.
Auditors can work with insurance companies, banking sector, manufacturing sector, pecuniary institutions, financial firms, corporate, government service, teaching staff, public sector, non-profit organization and government agency etc. Well known institutes are the institute of chartered accountant of india (icai), institute of internal auditors (iia) etc.