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Types of Accountants and

Auditors

Summary

Accountants

Public Accountants perform


accounting, auditing tax, and
consulting tasks. Their clients
include corporations, governments
and individuals

Management Accountantsrecord and analyze the financial


information of the organizations
for which they work

and

auditors prepare and


examine

financial

Government Accountantsmaintain and examine the records


of government agencies and audit
private businesses and individuals
whose activities are subject to
government regulations or
taxation

Internal Auditors- check for


mismanagement of an
organizations funds

External Auditors- perform


similar duties as internal auditors,
but are employed by an outside
organization, rather than the one
they are auditing

Information Technology
Auditors- internal auditors who
review controls for their
organizations computer systems,
to ensure that the financial data
comes from a reliable source

records. They ensure


that financial records
are accurate and that
taxes

are

paid

properly and on time.


Accountants
auditors
financial
and

work

and
assess

operations
to

ensure
organizations
efficiently.

help
that
r un

Acco unta n ts
a nd
Audi tor s

Tristin
Henderson

Work Environment
Most accountants and auditors work in offices,
although some work from home. The work tends

What They Do
Accountants

to be fast-paced and can be stressful. Although

and

auditors

typically do the following:

Examine

they complete much of their work alone, they


sometimes work in teams with other accountants

financial

statements to ensure that they

and auditors. Accountants and auditors may


travel to their clients places of business.

are accurate and comply with


laws and regulations

Compute

taxes

owed,

prepare tax returns, and ensure


that taxes are paid properly and
on time

Inspect account books and

accounting

systems

How to Become One


Most accountants and auditors need at least a
bachelors degree in accounting or a related
field. Certification within a specific field of
accounting improves job prospects.

for

efficiency and use of accepted

Job Outlook
Employment for accountants and
auditors is projected to grow 11
percent from 2014 to 2024, faster
than average for all occupations.. In
general, employment growth of
accountants
and auditors is
expected to be closely tied to the
health of the overall economy. As
the economy grows, these workers
will continue to be needed to
prepare and examine financial
records.
In addition, as more
companies go public, there will be
greater need for public accountants
to handle the legally required
financial documentation. Stricter
laws and regulations, particularly in
the financial sector, will likely
increase the demand for accounting
services as organizations seek to
comply with the new standards.

accounting procedures

Organize

and

maintain

Pay

financial records

and

Assess financial operations


make

recommendations

best-practices
to

management
Suggest ways to reduce costs,
enhance revenues, and improve
profits

The
median
annual
wage for accountants
and
auditors
was
$67,190 in May 2015.
The median wage is the
wage at which half the
workers in an occupation
earned more than that
amount and half earned
less. The lowest 10
percent earned less than
$41,400, and the highest
10 percent earned more
than $118,930.

Accountants and Auditors


Percent change in employment, projected
2014-24
Accountants and auditors

11%
Financial specialists

10%
Total, all occupations

7%

Note: All Occupations includes all occupations in


the U.S. Economy.
Source: U.S. Bureau of Labor Statistics,
Employment Projections program