Internal auditors verify their company's internal accounting records for accuracy and compliance with generally accepted accounting principles (GAAP). They make sure the company's accounting records follow local, state and federal laws. Internal auditors prepare tax returns and pay income tax for their employer. They are responsible for spotting and correcting inefficiencies to maximize profits.
Skillset: Internal auditors need strong accounting and analytical skills to spot errors. They must be able to communicate their findings to others, both verbally and in writing. Internal auditors must be detail oriented to find errors and prepare their reports. Strong math skills are needed to interpret the accounting records.
Education: Internal auditors must have a Bachelor's Degree in accounting. Some employers even want candidates to have a Master's Degree in accounting.
Career Path: Those who start with a bookkeeper or accounting position may be promoted to the position of internal auditor after they gain some experience. In order to file documents with the Securities and Exchange Commission (SEC), accountants must pass the Certified Public Accountant (CPA) exam. Most states require CPAs to take continuing education classes to remain licensed.
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