How Do I Become An IT Auditor?

What are 3 types of audits?

What Is an Audit?There are three main types of audits: external audits, internal audits, and Internal Revenue Service (IRS) audits.External audits are commonly performed by Certified Public Accounting (CPA) firms and result in an auditor’s opinion which is included in the audit report.More items….

Is audit the worst job?

“Audit is the worst job in the Big Four,” says an one ex-audit associate who worked for one of the Big Four in London. “It’s also the worst job I’ve ever had. – The hours are long, the pay is low and it’s extremely boring. The work’s very process-driven.

Is auditing a stressful job?

Introduction Internal auditing is considered a stressful occupation because the job is often characterized by heavy workloads, many deadlines, and time pressures.

What do you do as an IT auditor?

An IT auditor is responsible for analyzing and assessing a company’s technological infrastructure to ensure processes and systems run accurately and efficiently, while remaining secure and meeting compliance regulations.

How many years does it take to become an auditor?

How do I become an Auditor? Academic training comprises 4 to 5 years’ full-time study. During this time the following qualifications can be obtained: BCom (Acc) 3 years; BCom (Honours)(Acc) and CTA (Certificate Theory of Accounting) 1 – 2 years.

IS IT audit a good career?

IT auditing tends to pay better than other areas of auditing. IT auditing offers a greater earning potential in part because the profession requires a specialized background. A shortage of high performers in this field is another reason for the elevated salaries of IT auditing.

What qualifications do you need to be a auditor?

The first step is to ensure that you are qualified to become an auditor. The basic required qualifications are a bachelor’s degree in the field of finance, accounting or business administration. Most firms will also require specific accounting certifications or qualifications like CPA, ACCA, and ACA.

Are IT auditors in demand?

IT auditors with these skillsets will be in high demand, according to hiring managers, the report found. … “With the heightened attention to cybersecurity risks, companies realize they need IT audit talent with deeper technical understanding.”

Is auditing easy?

Auditing in and of itself is not difficult. Once you have a decent knowledge base and become adept at using excel, you can tackle almost anything that gets assigned to you. For me, the hard part about auditing was maintaining focus.

Do auditors travel a lot?

Because auditors attend frequent client meetings, they often travel to company sites all over the country (and sometimes the world). And because some auditing work can be done autonomously, auditors are also able to work remotely. “One great thing about this job is that my desk is in my backpack.

Do Auditors get paid more than accountants?

Salary-benchmarking site, Emolument.com, analysed 1,400 London salary entries from professionals working as auditors and accountants and found that, except for high level external accountants, auditors had a higher salary.

Is it hard to be an auditor?

Auditing is a very tough job with tight deadlines and long hours but just a word of caution…a number of accounting jobs have the same stresses. Good luck with your career.

Why is big 4 salary so low?

These people need Big4, and Big4 can offer lower salaries because this signifies that these individuals are committed to the company and not to the salary; and those who seek out higher compensation can either grow within these companies (Big4) or seek employment elsewhere once they’ve obtained their CPA license.

Do Auditors get paid well?

The 2020 national average salary is $58,844 according to PayScale. 1 Internal auditors report receiving bonuses that reach $3,023 on average and profit-sharing programs paying $1,986 annually on average. The salary for internal auditors varies greatly depending on location and experience.

How many hours do auditors work?

40 hoursWork Environment: Most accountants and auditors work full time. Some work more than 40 hours per week. Overtime hours are typical at certain times of the year, such as at the end of the budget year or during tax season.

How do I start a career in auditing?

To become an auditor, the candidate must have a bachelor’s degree in Accounting. However, some employers prefer candidates with a relevant master’s degree in accounting or an MBA. Candidates can also take up a course in computer accounting software such as Tally or other related diplomas.

Who Cannot become an auditor?

1. The auditing service is considered to be personal, therefore a body corporate cannot be appointed as auditor. This also ensures that the liability of the auditor does not become limited. A person holding any security of the company, carrying a voting right cannot be appointed as auditor.

How do I become an auditor with no experience?

How to get an IT Audit job with little or no experience1 – Talk to the auditors in your current company. … 2 – Ask for related opportunities. … 3 – Look for volunteer work. … 4 – Pass the CISA exam. … 5 – Take advantage of free classes and learning on the ‘Net. … 6 – Apply for an IT Audit position at a large company. … 7 -Take any job at your target company. … 8 – Apply for a job at the Big 4.Mar 21, 2017