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Occupation Details

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Auditor

Job Zone

Education
Most of these occupations require qualifications at NFQ Levels 7 or 8 (Ordinary / Honours Degrees) but some do not.

Related Experience
A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an engineer must complete four years of college and work for several years in engineering to be considered qualified.

Job Training
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Job Zone Examples
Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, sales managers, computer programmers, teachers, chemists, environmental engineers, criminal investigators, and financial analysts.

€38k > 70 
Internal Auditor
Salary Range
(thousands per year)*
€38 - 70 
Related Information:
Data Source(s):
Sigmar / Morgan McKinley / Brightwater

Last Updated: May, 2014

* The lower figures typically reflect starting salaries. Higher salaries are awarded to those with greater experience and responsibility. Positions in Dublin sometimes command higher salaries.
Shortage Indicator

The National Skills Bulletin 2016 reports a shortage of skills in the area of:

Compliance & risk: experienced (5 years+) regulatory affairs and insurance compliance professionals; auditors.

-2%
Occupational Category

Accountants & Tax Experts

Also included in this category:

Chartered and certified accountants; management accountants; tax consultants and advisers; tax inspectors

Number Employed:

37,900

Part time workers: 9%
Aged over 55: 12%
Male / Female: 51 / 49%
Non-Nationals: 13%
With Third Level: 97%
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Saves this course to your Career File if you are registered.

At a Glance... header image

An Auditor is a Professional Accountant who has undergone further post qualification training.


Videos & Interviews header image

1Total Records: 4

Sharon
Careers in Audit  

Sharon works as an Audit Senior in the audit department of Deloitte’s Limerick office. She obtained her degree in Business Studies from the University of Limerick where she majored in Accounting and Finance. Sharon's work involves auditing client's financial statements to ensure they are correct and in compliance. 

Go to Interview  
 
Stephen Landers
Internal Auditor  

Stephen Landers works in the Group Internal Audit Scheme at Bank of Ireland. Stephen previously studied Psychology at Trinity which gave him a solid foundation in data and statistical analysis for his current role. He has worked in a variety of areas including IT function and Global markets function.

Go to Interview  
 
John Kehoe
Senior Manager - Audit  

John Kehoe works as a Manager in the Audit Department in Deloitte. Having completed a Degree in Commerce and German and a Masters Degree in Accountancy, John accepted a training contract with Deloitte to study for Chartered Accountancy. He has recently been promoted to Manager level within the organisation.

Go to Interview  
 
Claire Hanrahan
Auditor  
Claire works as an Internal Auditor for CRH Group. She completed a Bachelor of Business Studies in University of Limerick and went on to do the ACCA exams thereafter. Travel is a big aspect of her current role and she spends half of her time away from home.
Go to Interview  
 

The Work header image

Auditors are professionally qualified specialist accountants. They examine a client's accounts to check they have been accurately prepared in accordance with the Companies Act. This covers accounts and financial reporting standards.  
 
Limited companies are required by law to have their accounts audited by a certified or chartered accountant. Auditors often conduct their work on the client's premises. They start by gaining a thorough knowledge of a client's business and continue gathering evidence until they are certain that there are no significant errors in the accounts.  
 
Auditors carry out audit tests and examine samples of documents and records to check that all transactions, assets and liabilities have been properly recorded. Techniques include inspecting assets and seeking further details from both within and outside a company. They may also compare current accounts with the previous year, or with a comparable company's accounts.  
 
Auditors complete their work by preparing a report for presentation to the company's shareholders and management.

 


Tasks & Activitiesheader image

The following is a list of the most commonly reported tasks and activities for this occupation

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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.

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Prepare detailed reports on audit findings.

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Supervise auditing of establishments, and determine scope of investigation required.

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Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.

bullet

Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.

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Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.

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Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.

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Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.

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Confer with company officials about financial and regulatory matters.

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Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.

Work Activities header image

The following is a list of the most commonly reported work activities in this occupation.

bullet

Analyzing Data or Information:  Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.

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Getting Information:  Observing, receiving, and otherwise obtaining information from all relevant sources.

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Updating and Using Relevant Knowledge:  Keeping up-to-date technically and applying new knowledge to your job.

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Organizing, Planning, and Prioritizing Work:  Developing specific goals and plans to prioritize, organize, and accomplish your work.

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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.

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Making Decisions and Solving Problems:  Analyzing information and evaluating results to choose the best solution and solve problems.

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Identifying Objects, Actions, and Events:  Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.

bullet

Processing Information:  Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.

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Provide Consultation and Advice to Others:  Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.

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Guiding, Directing, and Motivating Subordinates:  Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.


Knowledge header image

The following is a list of the five most commonly reported knowledge areas for this occupation.

bullet

Economics and Accounting:  Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

bullet

English Language:  Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

bullet

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.

bullet

Computers and Electronics:  Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

bullet

Mathematics:  Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.


Skillsheader image

The following is a list of the most commonly reported skills used in this occupation.

bullet

Critical Thinking:   Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

bullet

Reading Comprehension:   Understanding written sentences and paragraphs in work related documents.

bullet

Writing:   Communicating effectively in writing as appropriate for the needs of the audience.

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Speaking:   Talking to others to convey information effectively.

bullet

Monitoring:   Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

bullet

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.

bullet

Systems Evaluation:   Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.

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Systems Analysis:   Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.

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Active Learning:   Understanding the implications of new information for both current and future problem-solving and decision-making.

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Judgment and Decision Making:   Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Personal Qualitiesheader image

To be an auditor you need to be highly numerate and capable of interpreting complicated accounts. You should have an enquiring mind, a good eye for detail and be accurate and methodical in your work.  
 
An ability to communicate effectively and explain results clearly and concisely is essential. Good report writing skills are also necessary.


Further Informationheader image

A detailed description of this occupation can be found on a number of online databases. Follow the link(s) below to access this information:

Note: you will be leaving the CareersPortal Site

Go..Audit Manager - from:  icould [UK] Video
Go..Audit Manager - from:  icould [UK] Video
Go..Audit Policy Manager - from:  icould [UK] Video
Go..Auditor - from:  N.C.S. [UK]
Go..Auditor - from:  GradIreland
Go..Trainee Auditor - from:  icould [UK] Video

Related Occupationsheader image

Contactsheader image

bullet

Organisation: Chartered Accountants Ireland (CAI)
  Address: Chartered Accountants House, 47 - 49 Pearse Street, Dublin 2
  Tel: (01) 637 7200
  Email: Click here
  Url Click here

bullet

Organisation: Association of Chartered Certified Accountants (ACCA)
  Address: 9 Leeson Park, Dublin 6
  Tel: (01) 447 5678
  Email: Click here
  Url Click here

bullet

Organisation: Irish Auditing and Accounting Supervisory Authority
  Address: Willow House, Millenium Park, Naas, Co. Kildare
  Tel: (045) 983 600
  Email: Click here
  Url Click here

 

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Accountancy & Taxation
Banking, Insurance & Financial Services

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