How to become a Accountants and Auditor 2024

Accountants and Auditor Examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. Install or advise on systems of recording costs or other financial and budgetary data.

Accountants and Auditor is Also Know as

In different settings, Accountants and Auditor is titled as

Accountant
Accounting Officer
Audit Partner
Auditor
Certified Public Accountant (CPA)
Cost Accountant
Financial Auditor
General Accountant
Internal Auditor
Revenue Tax Specialist

Education and Training of Accountants and Auditor

Accountants and Auditor is categorized in Job Zone Four: Considerable Preparation Needed

Experience Required for Accountants and Auditor

A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

Education Required for Accountants and Auditor

Most of these occupations require a four-year bachelor's degree, but some do not.

Degrees Related to Accountants and Auditor

Training Required for Accountants and Auditor

Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Related Ocuupations

Some Ocuupations related to Accountants and Auditor in different industries are

What Do Accountants and Auditor do?

Prepare detailed reports on audit findings.
Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
Supervise auditing of establishments, and determine scope of investigation required.
Confer with company officials about financial and regulatory matters.
Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.
Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.
Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
Prepare adjusting journal entries.
Review accounts for discrepancies and reconcile differences.
Establish tables of accounts and assign entries to proper accounts.
Examine inventory to verify journal and ledger entries.
Analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice.
Report to management regarding the finances of establishment.
Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets.
Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.
Audit payroll and personnel records to determine unemployment insurance premiums, workers' compensation coverage, liabilities, and compliance with tax laws.
Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.
Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements.
Advise clients in areas such as compensation, employee health care benefits, the design of accounting or data processing systems, or long-range tax or estate plans.
Represent clients before taxing authorities and provide support during litigation involving financial issues.
Direct activities of personnel engaged in filing, recording, compiling, and transmitting financial records.
Conduct pre-implementation audits to determine if systems and programs under development will work as planned.
Develop, maintain, or analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
Prepare, analyze, or verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.
Process invoices for payment.
Review data about material assets, net worth, liabilities, capital stock, surplus, income, or expenditures.

Qualities of Good Accountants and Auditor

Written Comprehension: The ability to read and understand information and ideas presented in writing.
Oral Expression: The ability to communicate information and ideas in speaking so others will understand.
Deductive Reasoning: The ability to apply general rules to specific problems to produce answers that make sense.
Mathematical Reasoning: The ability to choose the right mathematical methods or formulas to solve a problem.
Number Facility: The ability to add, subtract, multiply, or divide quickly and correctly.
Written Expression: The ability to communicate information and ideas in writing so others will understand.
Problem Sensitivity: The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
Oral Comprehension: The ability to listen to and understand information and ideas presented through spoken words and sentences.
Inductive Reasoning: The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
Information Ordering: The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
Near Vision: The ability to see details at close range (within a few feet of the observer).
Speech Clarity: The ability to speak clearly so others can understand you.
Speech Recognition: The ability to identify and understand the speech of another person.
Category Flexibility: The ability to generate or use different sets of rules for combining or grouping things in different ways.
Selective Attention: The ability to concentrate on a task over a period of time without being distracted.
Fluency of Ideas: The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
Flexibility of Closure: The ability to identify or detect a known pattern (a figure, object, word, or sound) that is hidden in other distracting material.
Originality: The ability to come up with unusual or clever ideas about a given topic or situation, or to develop creative ways to solve a problem.
Perceptual Speed: The ability to quickly and accurately compare similarities and differences among sets of letters, numbers, objects, pictures, or patterns. The things to be compared may be presented at the same time or one after the other. This ability also includes comparing a presented object with a remembered object.
Speed of Closure: The ability to quickly make sense of, combine, and organize information into meaningful patterns.
Memorization: The ability to remember information such as words, numbers, pictures, and procedures.
Far Vision: The ability to see details at a distance.
Time Sharing: The ability to shift back and forth between two or more activities or sources of information (such as speech, sounds, touch, or other sources).
Visualization: The ability to imagine how something will look after it is moved around or when its parts are moved or rearranged.
Hearing Sensitivity: The ability to detect or tell the differences between sounds that vary in pitch and loudness.
Visual Color Discrimination: The ability to match or detect differences between colors, including shades of color and brightness.
Auditory Attention: The ability to focus on a single source of sound in the presence of other distracting sounds.
Finger Dexterity: The ability to make precisely coordinated movements of the fingers of one or both hands to grasp, manipulate, or assemble very small objects.
Depth Perception: The ability to judge which of several objects is closer or farther away from you, or to judge the distance between you and an object.
Trunk Strength: The ability to use your abdominal and lower back muscles to support part of the body repeatedly or continuously over time without "giving out" or fatiguing.
Wrist-Finger Speed: The ability to make fast, simple, repeated movements of the fingers, hands, and wrists.
Arm-Hand Steadiness: The ability to keep your hand and arm steady while moving your arm or while holding your arm and hand in one position.
Manual Dexterity: The ability to quickly move your hand, your hand together with your arm, or your two hands to grasp, manipulate, or assemble objects.
Control Precision: The ability to quickly and repeatedly adjust the controls of a machine or a vehicle to exact positions.
Dynamic Strength: The ability to exert muscle force repeatedly or continuously over time. This involves muscular endurance and resistance to muscle fatigue.
Night Vision: The ability to see under low-light conditions.
Explosive Strength: The ability to use short bursts of muscle force to propel oneself (as in jumping or sprinting), or to throw an object.
Spatial Orientation: The ability to know your location in relation to the environment or to know where other objects are in relation to you.
Sound Localization: The ability to tell the direction from which a sound originated.
Static Strength: The ability to exert maximum muscle force to lift, push, pull, or carry objects.
Multilimb Coordination: The ability to coordinate two or more limbs (for example, two arms, two legs, or one leg and one arm) while sitting, standing, or lying down. It does not involve performing the activities while the whole body is in motion.
Glare Sensitivity: The ability to see objects in the presence of a glare or bright lighting.
Response Orientation: The ability to choose quickly between two or more movements in response to two or more different signals (lights, sounds, pictures). It includes the speed with which the correct response is started with the hand, foot, or other body part.
Peripheral Vision: The ability to see objects or movement of objects to one's side when the eyes are looking ahead.
Stamina: The ability to exert yourself physically over long periods of time without getting winded or out of breath.
Rate Control: The ability to time your movements or the movement of a piece of equipment in anticipation of changes in the speed and/or direction of a moving object or scene.
Reaction Time: The ability to quickly respond (with the hand, finger, or foot) to a signal (sound, light, picture) when it appears.
Speed of Limb Movement: The ability to quickly move the arms and legs.
Gross Body Equilibrium: The ability to keep or regain your body balance or stay upright when in an unstable position.
Gross Body Coordination: The ability to coordinate the movement of your arms, legs, and torso together when the whole body is in motion.
Dynamic Flexibility: The ability to quickly and repeatedly bend, stretch, twist, or reach out with your body, arms, and/or legs.
Extent Flexibility: The ability to bend, stretch, twist, or reach with your body, arms, and/or legs.

Tools Used by Accountants and Auditor

10-key calculators
Computer data input scanners
Desktop computers
Laptop computers
Laser facsimile machines
Notebook computers
Personal computers
Personal digital assistants PDA
Photocopying equipment
Scanners
Tablet computers

Technology Skills required for Accountants and Auditor

1099 ProsSoftware
Abacus Tax
Accountants Templates JAZZ-It!
Accounting compliance software
Accounting fraud detection software
Accounting software
Accounts payable software
Accounts receivable software
ACCUCert
Accurate NXG
ACL Audit Exchange
ACL Business Assurance Analytics
AcornSystems Corporate Performance Management
AcorynSystems Activity Based Costing/Management ABC/M
AdaptaSoft CyberPay
Adobe Acrobat
ADP Super Report Writer
ADP Workforce Now
Advanced Micro Systems 1099-Etc
Alteryx software
American Riviera Magtax
Apache Solr
Arbutus Analyzer
Asset management software
ATX Total Accounting Office
ATX Total Engagement Office
ATX Total Tax Office
Audit management software
Audit planning and control environment software
AuditWare CaseWare Examiner
AuditWare financial reporting and auditing software
Automated auditors fraud detector software
Automation Counselors municiPAL
Avalara AvaTax ST
Best MIP Fund Accounting
Best Software CPAPayroll
Bi3 Audit Intelligence
Bi3 Financial Statement Fraud Analysis
Billing software
BizBench
Blackbaud The Raiser's Edge
BNA Corporate Tax Audit Analyzer
BNA Estate and Gift Tax Suite
BNA Income Tax Planning Solutions
BNA Sales and Use Tax Rates and Forms
Brentmark Estate Planning Quickview
Cammack Computations Inter-Est
Cartesis ES Magnitude
Cartesis Magnitude iAnalysis
CaseWare International IDEA
CaseWare International IDEA SmartAnalyzer
CaseWare Working Papers
CashFlow Guardian
CCH ProSystem fx TAX
CCIS AccountAbility
Cebos MQ1 Audit System
Choice Technologies PowerBill +
Client billing software
Corel WordPerfect Office Suite
Corporate Responsibility System Technologies Limited Compliance Positioning System
Cost accounting software
CPSI EHR System
Creative Solutions UltraTax 1040
CYMA IV Accounting for Windows
D'Arcangelo Galileo
Data entry software
Data extraction software
Database software
Datavantage
Delphi Technology
Digital analysis tests and statistics DATAS for Excel
Digital analysis tests and statistics DATAS for SAS
Document management system software
Eko
Epic Systems
Estate planning software
Evron Computer Systems SAGE PFW (Platinum For Windows)
Exact Software Macola ES
eXtensible Business Reporting Language XBRL
FileMaker Pro
Financial Competence
Financial reporting software
Financial statement software
Fixed-assets depreciation software
FRx Software Microsoft FRx
Fund accounting software
General ledger software
Google Docs
Google Sheets
Google Slides
Guidance Software EnCase Enterprise
H&R Block Tax
Healthcare common procedure coding system HCPCS
Heron CrossTie General Ledger
Human resource management software HRMS
IAD Audit Leverage
IBM Cognos Impromptu
IBM Notes
IBM Power Systems software
IBM SPSS Statistics
IDMS Account Ability
Income tax return preparation software
InformationActive ActiveData for Excel
Intellitax financial solutions software
Internal audit software
Intrax ProcedureNet
Intuit Lacerte
Intuit ProSeries
Intuit QuickBooks
Intuit TurboTax
Invoice software
Iron Mountain Accutrac records management software
Kirix ProffiPoint
KPB Associates TaxStream
Lawson ERP
Lead Activity Analyzer
Lead Business Analyzer
LexisNexis
Lumigent Entegra
Medical condition coding software
Medical procedure coding software
MEDITECH software
MethodWare ProAudit Advisor
Micronetics Xpert Write-up
Microsoft Access
Microsoft Dynamics
Microsoft Dynamics GP
Microsoft Dynamics NAV
Microsoft Dynamics SL
Microsoft Excel
Microsoft Exchange
Microsoft FRx
Microsoft Office software
Microsoft OneNote
Microsoft Outlook
Microsoft PowerPoint
Microsoft Project
Microsoft Publisher
Microsoft SharePoint
Microsoft SQL Server
Microsoft Visio
Microsoft Visual Basic
Microsoft Visual Basic for Applications VBA
Microsoft Windows
Microsoft Word
Microsoft Works
MRO Audit Tracker
Multiview Accounts Receivable
NetSuite ERP
New Millennium Communications Genesis Accounting
NewPortWave Year End Solutions
NortonLifeLock cybersecurity software
OmniRIM Records Management Suite
Oracle Business Intelligence Enterprise Edition
Oracle Database
Oracle E-Business Suite Financials
Oracle Fusion Applications
Oracle Hyperion
Oracle JD Edwards EnterpriseOne
Oracle PeopleSoft
Oracle PeopleSoft Financials
Oracle Primavera Enterprise Project Portfolio Management
OSI TrustWise
Paisley AutoAudit
Paisley Cardmap
Paisley Focus Control Assurance
Paisley IssueTrack
Paisley RiskNavigator
Palisade @Risk
Payroll software
Pentana audit work system PAWS
Pleier Audit Management System
Practice management software PMS
PricewaterhouseCoopers TeamMate
Pro Systems Client Write-Up System for Windows
Profit Developers Electronic File Interchange
PROPHIX Enterprise
Qlik Tech QlikView
R
Recovery audit software
Roundtable Software Advantage Accounting System
RSM McGladrey Advanced Practice Solutions Paperless Audit
RSM McGladrey Auditor Assistant
Sage 300 Construction and Real Estate
Sage 50 Accounting
Sage BusinessWorks
Sage CPAAccounts Payable
Sage CPAAccounts Receivable
Sage CPAClient Checkbook
Sage CPADocument Manager
Sage EDP Payroll Tax
Sage ERP Accpac
Sage HandiSoft HandiLedger
Sage HRMS
Sage MAS 200 ERP
Sage MAS 500
Sage Platinum for Windows PFW
Sageworks ProfitCents
Salesforce software
Sampson Data Pattern Index software
SAP Business Objects
SAP BusinessObjects Data Integrator
SAP Crystal Reports
SAP software
SAS
Softrax Revenue Management
Solutions Technology & Software HR Premier
Spreadsheet software
Star Software Fixed Asset Depreciation
Star Software Materiality Calculator
Structured query language SQL
Summit Software Summit Biofuels Accounting
Swift
Sync Essentials Trade Accountant
Tableau
Tax compliance property tax management software
Tax software
TechSmith Camtasia
Teradata Database
Thomson Creative Solutions Engagement CS
Thomson Creative Solutions Financial Analysis CS
Thomson GoSystem Tax
Thomson PPC e-Tools Suite
Thomson Reuters Risk Management
TimeValue software
TopCAATs
TrendTracker Compliance Solution
Tropics workers' compensation software
Tumbleweed SecureTransport
UA Business Software Professional Edition
Universal Tax Systems TaxWise
UNIX
WizSoft WizRule
WizSoft WizWhy
Workday software
WorkForce Software EmpCenter Time and Attendance
Yardi software
Yardi Systems Yardi Enterprise

US Universities

How to become Accountants and Auditor in 2024