What they do
Auditors examine a company's financial records to assess whether they provide an accurate picture of the company's financial performance. They review the accounting systems and procedures of an organisation and identify ways to improve performance and minimise the risk of fraud. They work within a strict set of financial and ethical guidelines governing their behaviour and responsibilities, and report any serious issues to the appropriate authorities.
Working conditions
Auditors work in offices within an organisation and often conduct their services at clients’ offices. They generally work regular hours, although they may work overtime when meeting tight deadlines. There is a high level of people contact in this occupation.
Tools and technologies
Auditors use computers and a range of specialised accounting software. External auditors will also be required to travel between a number of clients and so a drivers licence is a major advantage.
How do I become one?
Education and training
To become an auditor you usually need to complete a degree, majoring in accounting. All Western Australian universities offer degrees in this field. Contact the university of your choice for more information.
From 1 January 2019 changes to the Corporations Amendment (Professional Standards of Financial Advisers) Act 2017 mandate that every person entering the profession of financial planning (i.e. financial advisers) must complete a minimum Bachelor degree approved by the Financial Adviser Standards and Ethics Authority. VET graduates may potentially have modified employment outcomes as they will no longer meet the licensing requirements to be employed as a financial planner, financial adviser or any occupation that directly provides financial planning/advisory advice to retail clients.
Required registration and licensing
To become an auditor, you usually need to study a degree in accounting.
All Western Australian universities offer relevant courses. Contact the universities you are interested in for more information.
To work as an auditor in Western Australia, you will need to asic.gov.au/for-finance-professionals/
To register with ASIC you must satisfy the competency standards set by ASIC. This usually includes completing auditing competency standards through the Institute of Chartered Accountants Australia or the Certified Practising Accountants Australia.