Describe an external auditor
What is the environment that auditors work in?
They can work in office or at home.
What work experience is required?
Extensive experience in accounting and finance, 4-6 years
What's the highest position an auditor can aim for?
Partner
What does an external auditor do?
They review accounting records and help make sure the client's financial records don't violate any GAAP's.
What education is needed?
Bachelor's degree, CPA, CPE, high school
What affects an auditor's stability?
Technology, Competition
What are cons of an external auditor?
Extended work hours, heavy work load, less creativity.
How long is the vacation for Entry level and mid-level?
Two to four weeks.
What are pros of an external auditor?
Stable demand, engagement with senior management, clear career progression.
What benefits can an external Auditor get?
Health insurance, dental and vision coverage, retirement plans (401(k) or similar), and life insurance. Performance Bonuses, Tuition Reimbursement, Profit-Sharing, Remote Work Options
What are the Ethical Dilemmas for an External Auditor? (At least 2)
Pressure from management Large companies Company relations Promotions or raises
What are the places of Industry Specialization?
Government and Nonprofit Organizations, Financial Services, Healthcare, Technology and Telecommunications, Manufacturing and Retail
What is the whole career process for an External Auditor?
Junior Auditor-Senior Auditor-Audit Manager-Director-Partner