Career in Auditing - options and opportunities
Career in Auditing - options and opportunities - Introduction, options, opportunities, courses, institutes, exams etc.
Discussion
- RE: Career in Auditing - options and opportunities -Rajani Sharma (11/26/11)
- Introduction
Auditing is one of the main career options in the field of accounting. It is a systematic process of obtaining and evaluating financial statements or accounts of private business, government undertaking, department etc. It is a specialized form of accounting and plays a vital role in both private and public organization. An auditor is a person who review, analyze and evaluate the processes, services, systems, products, organizations and employees. He determines the efficiency, adequacy and effectiveness of the company.
Performance and growth of industry in India
With the huge expansion in the economy, a number of business concerns are boosting day by day. This has increased the demand of auditors as they are required by every business concern to ensure the credibility of the financial statements in the public sector as well as public sector companies. Companies registered under the Companies are required to audit their accounts annually. This has made it an evergreen career field for the candidates. Even the rapid change in the technology and new software packages has made this a lucrative career. Auditors can switch their careers between internal auditing and public accounting or from management accounting to internal auditing.
Options and Opportunities
In India, auditors have many career opportunities such as Internal auditors, External auditors, Government auditors, Forensic auditors in manufacturing sector, insurance companies, banking sector, pecuniary institutions, corporate, financial firms, government service, public sector, teaching staff, non profit organization and government agency etc. Many auditors carry out their private practice.
Courses Available
- IRCA Certified Course
- Post Graduate Diploma in Auditing and Accountancy
- Diploma in Auditing
- Diploma in Accounting & Auditing
- IRIS Certification
- Advanced Executive Program in Cyber Security, Audit & Compliance
Qualification required
To pursue a career in auditing a candidate must have Bachelor’s degree in accounting from a recognized university. After which a candidate has to study Chartered accountant program to work as an auditor. Students who have done their post graduation can also apply for this course. Candidates who have done IRCA certified training program can also become auditors.
Some good Institutes
- The Institute of Internal Auditors-India
- Indian School of Business Management & Administration
- Arcade Business College
- Government Polytechnic
- Government Polytechnic Manesar
- Institute of Chartered Accountants of India
Entrance Exams
SSC conducts entrance exam for the various positions including auditor’s all over India.
