Job description: What does an auditor do?
Auditors work in the internal auditing of companies. This involves monitoring a company on behalf of management. The subject is various measures to control internal processes. The main audit aspects are the safeguarding of the business assets, the correctness of the business processes, the company’s profitability and operations, the practicality of the organization, risks for the organization, and the social efficiency within the company. The results of the internal audit serve the management of the company and the supervisory bodies. They help to strengthen the owner’s rights about the direction and supervision of a company. Overall, auditors have a lot of responsibility.
The individual activities of auditors are inspiring and varied. You are responsible for the planning, preparation, and implementation of internal audits. This means that they analyze and evaluate the individual departments and weigh up potential risks that could jeopardize an optimistic forecast for the future. For example, this could be an ineffective way of working in the sales department or a slump in the sales market. Then they examine how the management can counteract such risks – in other words; they suggest specific control measures. In this way, they support management in achieving their corporate goals. The auditors record their results in writing. You create audit reports with evaluations, Statistics, and detailed explanations. This creates transparency about the organizational units and their processes. They also make recommendations for action in the reports and present their suggestions for optimization. Last but not least, the auditors are continually working on the further development of the audit methods.
The demand for good auditors is increasing in the labor market. Most of them work in the internal auditing of medium-sized and large companies in almost all industry branches. But they also often find a job in quality management or as managers and managing directors.
Auditor responsibilities and requirements
The profession of the auditor has not yet been formally regulated in this country. However, since internal auditing deals with complex corporate structures and processes, sound business education is essential for this profession. As a rule, auditors have a degree in economics. They often have experience in auditing and auditing. You need specialist knowledge in the areas of company organization (structure and process), IT security, SAP and examination software, law, human resources, and company-specific technology.
In addition to their technical know-how, auditors also need special skills and soft skills. Analytical thinking, a conceptual working method, and mathematical understanding are a matter of course for them. You have a weakness in numbers, assertiveness, judgment, and problem-solving skills. Your job is quite demanding. That is why they have to be resilient, flexible, and determined. It also requires a high level of commitment and willingness to travel. The larger the company, the more locations the auditors have. Hotel stays and overtime are not uncommon in this profession.
Auditors have excellent career opportunities. Within the audit department, you can be promoted to head of audit and manager. But they are also in great demand as managers in other areas of the company. After all, they are experts in processes, controls, and monitoring elements. You have a broad, interdisciplinary knowledge and a comprehensive insight into the internal processes. This also qualifies them for management tasks. The following applies: the more knowledgeable an auditor is, the better his / her career opportunities are.