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* ELMI Occupation Report *
 
Auditors

Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.   (O'Net 13-2011.02)

 
Reported job titles:   Account Auditor, Accounting Auditor, Asset Analyst, Assurance Manager, Assurance Senior, Audit Associate, Audit Manager, Audit Partner, Auditor, Auditor-in-Charge, City Auditor, Compliance Analyst, Compliance Auditor, Compliance Coordinator, Compliance Manager, County Auditor, Data Processing Auditor, Deputy for Audit, Field Auditor, Financial Auditor, Financial Systems Analyst, Information Systems Auditor, Information Technology Auditor (IT Auditor), Inspector, Insurance Auditor, Internal Audit Director, Internal Audit Manager, Internal Auditor, Inventory Auditor, Medical Auditor, Payroll Analyst, Payroll Auditor, Quality Control Auditor, Railroad Auditor, Revenue Audit Clerk, Revenue Tax Specialist, Tax Associate, Tax Auditor, Tax Professional, Tax Specialist, Traveling Auditor, Utility Accounts Director
 
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  • Employment Trends
  • Industries of Employment
  • Tasks
  • Knowledge
  • Skills
  • Abilities
  • Work Activities
  • Interests
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  • License Information
  • Education & Training Requirements
  • Schools
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    Career Video
    related to Auditors
    Auditors photo Auditors
    Accountants and Auditors photo Accountants and Auditors
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    Wages
    for Accountants and Auditors which includes:
                          - Accountants
                          - Auditors
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     Location Pay
    Period
    2016
    Percentile Wages Average
    Wage
    10% 25% 50%
    Median
    75% 90%
     Vermont Hourly $ 20.76   $ 25.32   $ 31.45   $ 40.40   $ 51.02   $ 35.19  
    Yearly $43,180   $52,650   $65,410   $84,040   $106,130   $73,190  
     
     Burlington-South Burlington, VT Metropolitan NECTA Hourly $ 20.93   $ 25.88   $ 32.22   $ 42.40   $ 53.90   $ 36.64  
    Yearly $43,530   $53,830   $67,020   $88,200   $112,100   $76,210  
     
     Southern Vermont Balance of State Hourly $ 20.81   $ 25.03   $ 31.84   $ 40.09   $ 50.69   $ 34.53  
    Yearly $43,290   $52,070   $66,220   $83,390   $105,430   $71,830  
     
     Northern Vermont Balance of State Hourly $ 20.46   $ 24.54   $ 29.91   $ 37.48   $ 47.59   $ 32.92  
    Yearly $42,550   $51,040   $62,210   $77,950   $98,980   $68,470  
     
    What are Percentile Wages?
    source: Occupational Employment Statistics, Vermont Labor Market Information, U.S. Bureau of Labor Statistics, released April 2017.
     


    Employment Trends
    for Accountants and Auditors which includes:
                                  - Accountants
                                  - Auditors
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    Location Employment Annual % change
    (compounded)
    Annual job openings
    (due to growth and
    net replacements)
    2014 2024
    Vermont 3,332 3,606 0.8% 116
    source: Employment Projections, Vermont Economic & Labor Market Information, in cooperation with U.S. Bureau of Labor Statistics, statewide estimates released July 2016.
     


    Industries of Employment
    for Accountants and Auditors which includes:
                                - Accountants
                                - Auditors
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    Industry Percent of Total
    2014
    Accounting, tax preparation, bookkeeping, and payroll services 26.3%
    Management of companies and enterprises 6.7%
    Self-employed workers, all industries 5.9%
    Educational services; state, local, and private 3.7%
    Administrative and support services 3.4%
    source: Employment Projections, U.S. Bureau of Labor Statistics, National Employment Matrix, released July 2016.
     


    Tasks
    for Auditors
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  • Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
     
  • Prepare detailed reports on audit findings.
     
  • Supervise auditing of establishments, and determine scope of investigation required.
     
  • Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
     
  • Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
     
  • Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.
     
  • Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
     
  • Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.
     
  • Confer with company officials about financial and regulatory matters.
     
  • Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.
     
    source: Occupational Information Network: Auditors  updated June 2008
     


    Knowledge
    for Auditors
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  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
     
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
     
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
     
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
     
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
     
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
     
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
     
  • Personnel and Human Resources - Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
     
    source: Occupational Information Network: Auditors  updated June 2008
     


    Skills
    for Auditors
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  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
     
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
     
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
     
  • Speaking - Talking to others to convey information effectively.
     
  • Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
     
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
     
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
     
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.
     
  • Mathematics - Using mathematics to solve problems.
     
  • Coordination - Adjusting actions in relation to others' actions.
     
    source: Occupational Information Network: Auditors  updated June 2010
     


    Abilities
    for Auditors
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  • Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
     
  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
     
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
     
  • Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
     
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
     
  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
     
  • Speech Clarity - The ability to speak clearly so others can understand you.
     
  • Information Ordering - The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
     
  • Mathematical Reasoning - The ability to choose the right mathematical methods or formulas to solve a problem.
     
  • Near Vision - The ability to see details at close range (within a few feet of the observer).
     
    source: Occupational Information Network: Auditors  updated June 2008
     


    Work Activities
    for Auditors
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  • Getting Information - Observing, receiving, and otherwise obtaining information from all relevant sources.
     
  • Evaluating Information to Determine Compliance with Standards - Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
     
  • Communicating with Supervisors, Peers, or Subordinates - Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
     
  • Updating and Using Relevant Knowledge - Keeping up-to-date technically and applying new knowledge to your job.
     
  • Analyzing Data or Information - Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
     
  • Interacting With Computers - Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
     
  • Processing Information - Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
     
  • Identifying Objects, Actions, and Events - Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
     
  • Organizing, Planning, and Prioritizing Work - Developing specific goals and plans to prioritize, organize, and accomplish your work.
     
  • Making Decisions and Solving Problems - Analyzing information and evaluating results to choose the best solution and solve problems.
     
    source: Occupational Information Network: Auditors  updated June 2008
     


    Interests
    for Auditors
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  • Conventional - Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
     
  • Enterprising - Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
     
    source: Occupational Information Network: Auditors  updated June 2008
     


    Work Styles
    for Auditors
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  • Integrity - Job requires being honest and ethical.
     
  • Attention to Detail - Job requires being careful about detail and thorough in completing work tasks.
     
  • Analytical Thinking - Job requires analyzing information and using logic to address work-related issues and problems.
     
  • Dependability - Job requires being reliable, responsible, and dependable, and fulfilling obligations.
     
  • Persistence - Job requires persistence in the face of obstacles.
     
  • Stress Tolerance - Job requires accepting criticism and dealing calmly and effectively with high stress situations.
     
  • Self Control - Job requires maintaining composure, keeping emotions in check, controlling anger, and avoiding aggressive behavior, even in very difficult situations.
     
  • Initiative - Job requires a willingness to take on responsibilities and challenges.
     
  • Achievement/Effort - Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
     
  • Cooperation - Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
     
    source: Occupational Information Network: Auditors  updated June 2008
     


    State of Vermont License Information
    that may be required for Auditors
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    No state licenses listed for this occupation.
     


    Education and Training Requirements
    for Auditors
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  • Job Zone Four: Considerable Preparation Needed
  •  
  • Education: Most of these occupations require a four-year bachelor's degree, but some do not.
  •  
  • Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
  •  
  • Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
  •  
    source: Occupational Information Network: Auditors  updated June 2008
     


    Schools
    offering instructional programs related to Auditors
    Back to Top
     
      Related Instructional Programs
     
    • Accounting and Business/Management.
     
    • Accounting and Computer Science.
     
    • Accounting and Finance.
     
    • Accounting.
     
    • Auditing.
     
    • Financial Forensics and Fraud Investigation. (NEW)
     
    • Taxation.
     
     Search for schools offering these programs at
     
     
     
    source: National Center for Education Statistics 2000 Classification of Instructional Programs .
     


    Other Resources
    for Auditors
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  • Labor Exchange Information
  • A source for occupational characteristics, such as age, gender, race, and years of education and an alternative source for occupational wage rates. Limited to people looking for jobs and the jobs advertised through VDOL Vermont Job Link.
  • Look for statewide information over the latest 12 months for Accountants and Auditors.
  •  
  • Occupational Outlook Handbook
  • The Occupational Outlook Handbook is a nationally recognized source of career information, designed to provide valuable assistance to individuals making decisions about their future work lives. Revised every two years, the Handbook describes what workers do on the job, working conditions, the training and education needed, earnings, and expected job prospects in a wide range of occupations.
    Go to Occupational Outlook Handbook
    Handbook occupations related to Auditors :
  • Accountants and Auditors
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    Related Occupations
    Occupations with skill requirements similar to Auditors
    Back to Top
     
     
  • Accountants
  •  
  • Budget Analysts
  •  
  • Compensation and Benefits Managers
  •  
  • Financial Analysts
  •  
  • Financial Examiners
  •  
  • Insurance Underwriters
  •  
  • Logistics Analysts
  •  
  • Market Research Analysts and Marketing Specialists
  •  
  • Regulatory Affairs Specialists
  •  
  • Risk Management Specialists
  •  
    source: Occupational Information Network: Auditors 
     

     
     
     
    Vermont.gov State of Vermont Department of Labor