Auditors are accountants who examine records in their own or client organizations, to check for waste, fraud or mismanagement. They review company procedures and internal controls to evaluate their efficiency and effectiveness, and compliance with applicable regulations. A bachelor's degree in accounting or related field is required, with many auditors holding Certified Public Accountant (CPA) credentials to enhance employability and salaries.Work
- Auditors typically work a standard 40-hour week in their own comfortable offices. However, if they work for large corporations, they sometimes travel to other branches to perform their duties. Those who hire themselves out as consultant may also need to visit client sites. Their median salary is $60,340 per year, with a range of $37,690 to $104,450. This converts to $29.01 per hour, with a range of $18.12 to $50.22, according to the U.S. Bureau of Labor Statistics (BLS) as of May 2009.
Experience
- Staying with a job for several years grants not only more knowledge about the job but increases the range of clients and the types of audits that they may require. This longevity makes experienced auditors more valuable to employers, thus increasing compensation. For example, new auditors make $42,240 to $51,534 per year, but at one to four years of work, they earn $44,391 to $56,356. With five to nine years of experience, they receive $50,836 to $72,035, and at 10 to 19 years, they get $48,415 to $78,859. Salaries for those with 20 years or more of employment reach $54,305 to $87,585.
Employers
- Compensation and employability vary by workplace. The biggest employer of auditors are accounting, tax preparation, bookkeeping and payroll services that hire auditing services out to companies that do not have any in-house abilities. They comprise over a quarter of the available 289,970 jobs and pay higher than the median at $35.54 per hour or $73,920 per year. The employer with the highest salaries is the federal government with pay at $42.40 per hour or $88,190, but with only 2 percent of the jobs.
Location
- The state with best paying employers is New York, whose high population and national centers of business pay $40.52 per hour or $84,280 per year, and offer 99,200 jobs for auditors. The city with the highest paying positions is New York City, with wages at $42.28 per hour or $87,940 per year, and with 69,100 jobs.
Read more: An Auditor's Salary Guide | eHow.com http://www.ehow.com/info_7834528_auditors-salary-guide.html#ixzz1geKeGjTb
