Job prospects available in Auditing field

What are the job prospects available in Auditing field?

As we know there is a growth in the economy in the recent years, the business concerns boosting day by day. Demand for auditors are increasing to ensure the credibility of the financial accounting data and financial statements in the private sector as well as public sector companies. Any candidate should not just pursue a career in auditing merely because it is a lucrative field. They must really love working with numbers and should have an aptitude for mathematics as this field requires lot of focus and a good understanding of the mathematical concept. Companies registered under Companies Act are required to get audited annually.

This has also made auditing an evergreen career field. Rapidly changing technology and new software packages have made the work of auditors much easier in the recent times. The job of record keeping and data management which was considered as a tedious job earlier has now become trouble free. Auditors typically can take advantage of career mobility, meaning they can switch careers between internal auditing and public accounting or from management accounting to internal auditing. Internal auditors also learn the skills needed to become upper-level managers through their work, reviewing internal controls of business units.

In the beginning, most of the auditors work under the supervision of an established auditor. After gaining experience auditors can work independently. A qualified auditor has the option of joining Government Service, Public Sector undertakings or taking up a lucrative assignment in the private sector. Some auditors work as teaching staff in colleges or universities. Auditing professionals may be self-employed and serve the needs of individual clients. i. e. Auditing professionals are required in virtually every company, non-profit organization and government agency. Those employed in large firms are in part responsible for an organization's financial health. Non-profit organizations are also very much reliant on auditors for continued solvency.