An auditing degree prepares you for a career in finance and accounting were you would assist with financial planning, budgeting, and management. Auditing is the evaluation of a person, organization, system, process, enterprise, project or product. Audits are performed to ascertain validity and reliability of information and also to provide an assessment of a system’s internal control. It examines accuracy with the intent of verification especially in accounts and tax returns. An auditing course could change your life. As an Auditor you would enjoy strong earning power and be part of a growth field. Students in the auditing degree program learn to identify and monitor any irregularities in accounting and cash flow to assist with planning and budgeting. The most important tasks of an auditor are to verify efficiency and effectiveness within a business or organization and to determine waste, mismanagement or fraud within the organization.
Auditing Education and Training
A bachelors auditing degree in this field teaches students to carefully analyze financial records (including inventory records, payroll records and accounting records) and compare them to broker, creditors and banks. Students are also taught the latest software applications for monitoring finances in real time, summarizing transactions and formatting financial records and reports.
The curriculum for a Bachelors auditing program will include Auditing, Federal Income tax, Business Law, Principals of Finance, Advanced Financial Management and Quantitative Methods and Analysis courses along with advanced mathematics and accounting courses. Other auditing classes might include:
- Forensic Accounting
- Financial Analysis
- Quantitative Methods and Analysis
- Corporate Finance
- Economic Crimes Investigations
- Business Law
These auditing degree courses prepare graduates to become employed as auditors for governmental agencies or as internal professionals for organizations and businesses. Auditors working for government agencies are generally involved in tax law enforcement and tax collection. Internal professionals ensure that organizations and businesses operate at highest efficiency while in compliance with government regulations.
To earn an advanced diploma in auditing, students study courses such as strategic cost management, information systems audit and control, accounting for e-commerce and professional internal auditing; all designed to enhance the students knowledge of systematic approaches to control systems and risk management.
Licensing and Certification
The Bureau of Labor Statistics (BLS) reports the following Certification and Licensing information:
Most accountants and auditors positions need one to have at least a bachelor’s degree in accounting or a related field. Certification within a specific field of accounting for example forensic accounting or auditing also improves job prospects. An example is the Certified Public Accountants (CPAs) qualification. Certifications include:
- The Institute of Management Accountants – Certified Management Accountant (CMA)
- The Institute of Internal Auditors (IIA) – Certified Internal Auditor (CIA) to graduates from accredited colleges and universities with 2 years work experience as internal auditors and have passed a four-part exam. The IIA also offers the Certified in Control Self-Assessment (CCSA), Certified Government Auditing Professional (CGAP), and Certified Financial Services Auditor (CFSA) to those who pass the exams and meet educational and experience requirements.ISACA – the Certified Information Systems Auditor (CISA)
- The American Institute of CPAs (AICPA) – For accountants with a CPA. An option to receive any or all of the Accredited in Business Valuation (ABV), Certified Information Technology Professional (CITP), or Personal Financial Specialist (PFS) certifications.
All accountants filing reports with the Securities and Exchange Commission (SEC) are required by law to be a Certified Public Accountant (CPA). Many employers may also have this requirement.
CPAs are licensed by their state’s Board of Accountancy after meeting requirements that may include passing a national exam and meeting other requirements such as completing 150 semester hours of college credit (30 hours above the 4-year bachelor’s degree). Some programs offer a 5-year combined bachelor’s and master’s degree to meet the 150-hour requirement, but a master’s degree is not required.
All states use the four-part Uniform CPA Examination from the American Institute of Certified Public Accountants. Candidates do not have to take and pass all four parts at once, but a general requirement is to pass all four parts within 18 months of passing their first part. Most states require CPAs to take continuing education to maintain their license.
Those who graduate with an auditing in this field will enjoy multiple career options. They can choose from such possible careers as in fields of government, internal, Chief Information Officer and careers with private firms and universities. A career in this field requires extreme attention to detail, analytical skills, effective written and verbal communication skills, superior people skills and adeptness with computers and other business systems.
Studies show that the higher the level of education the higher the expected earnings for auditors. Therefore, those with a masters diploma (Masters of Business Administration with an Internal Specialization) or a PhD (in Accounting with Auditor Concentration) will earn more than an auditor with a bachelors auditing degree.
If you are detail oriented and good with numbers, an auditing degree may be the right educational choice for you. It is a growth field with a bright future. Becoming an auditor will afford you the opportunity to make a good living with a promising, stable future.
Estimated Income and Projected Career Outlook
In 2009 the average salary of auditors was $72,000 per year according to various sources. According to recent reports, the salary range for auditors with a bachelors degree (Bachelor of Business Administration, Accounting) is $42,249 to $62,105. For those with an MBS (Master of Business Administration) the range is $42,240 to $71,732.
The Bureau of Labor Statistics (BLS) reports that the median annual wage of accountants and auditors was $61,690 in 2010. The lowest 10% earned less than $38,940 and the top 10% earned more than $106,880. The employment of accountants and auditors is expected to grow 16% from 2010 to 2020.
The median annual wage of bookkeeping, accounting, and auditing clerks was $34,030 in 2010. The lowest 10% earned less than $21,270 and the top 10% earned more than $51,470. The employment of bookkeeping, accounting, and auditing clerks is expected to grow 14% from 2010 to 2020.
The median annual wage of tax examiners and collectors, and revenue agents was $49,360. The lowest 10% earned less than $29,540 and the top 10% earned more than $92,250. The employment of tax examiners and collectors, and revenue agents is expected to grow 7% from 2010 to 2020.
The main reason for this optimistic projection is that there are many new regulations and financial laws being enforced on corporate and business agencies. Due to this increased level of accountability, the demand for auditors will continue to increase over the next few years making accounting and auditing degree programs increasingly important.
Accounting and Auditing Programs
- Recognized in the first Best for Vets: Business Schools list in Military Times Edge magazine’s 2013 “Best for Vets” edition.
- Offers MUSE (My Unique Student Experience), a content delivery system that gives students the option to watch, view, read or listen to required course materials.
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- A DANTES-affiliated university and member of the Service Members Opportunity Colleges.
- Offers IntelliPath, a proprietary learning technology that lets students learn at their own pace.
- Bachelor of Accounting
- Bachelor's (BBA) - Accounting
- Bachelor's (BBA) - Forensic Accounting
- And more...
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- Ranked among the Best Online MBA Programs and Graduate Business Programs for 2017 by U.S. News and World Report
- Coursework covers topics like project management, management fundamentals, and business strategies
- Business students complete a capstone class that demonstrates their knowledge of business concepts
- Master of Science in Accounting
- Bachelor of Science in Accounting
- Master of Business Administration - Accounting
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At Kaplan University, we offer over 180 degree and certificate programs. With three different ways to learn, you can choose the format that works best for you:
- Study wherever you have an Internet connection, because almost all of our courses are 100% online, or
- Take campus-based classes(with day and evening options available), or
- Combine campus learning with online classes (blended).
- Master of Science : Accounting - Finance Specialization
- Bachelor of Science: Accounting
- Master of Science: Accounting
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A Rutgers business education prepares students for success – not just in their chosen fields but also in their lives. From our comprehensive undergraduate courses to our highly rated MBA program, a Rutgers education is a life-changing experience that gives the student the skills and knowledge to compete globally while broadening their appreciation for how the world works. Many describe it as one of the most rewarding experiences of their lives – professionally and personally.
- Master of Governmental Accounting (Online)
Centura College, with campus locations in Virginia, South Carolina and Florida, is dedicated to helping students gain the skills and attitudes necessary to succeed. Drawing from over 30 years of career school experience.
- Associate of Applied Science Degree in Business-Concentration in Accounting Administration
- Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
- Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
- Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
- Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
- Bachelor of Science in Professional Studies
CBT College has a vast variety of degrees that cater to any individual’s interest or schedule. Choose to complete your degree from our School of Business, School of Technology, School of Allied Health, School of Modern Arts or the School of Languages. Our applied teaching approach and hands on training, prepare students to become dominant figures in the global marketplace.
- Office Management
- Innovation & Entrepreneurship, Master of Science (Online)
The goal of Virginia College lies in its responsibility to its students, the technical and business communities, and the general citizenry. We have a long history of offering new direction to students.
- DIP - Business Office Specialist
Miller-Motte Technical College (MMTC) has a history of helping students succeed through hands-on education and career training. Our faculty and staff work to ensure that when you've completed your program, you're truly ready to begin your career.
- Business Administration - Associate of Occupational Science