Auditors are accountants that specialize in conducting assessments that verify the accuracy of the balance sheets that report the profits and losses on the books kept by a company's management.
According to the website Buzzle.com there are two types of auditors internal and external. Internal auditors are employed by the company they audit. In contrast external auditors are independent auditors that usually conduct audits for self-employed individuals or for various companies on an annual basis. In either case once auditors have thoroughly studied the figures kept by the company or individual they write a detailed report on what they found when they examined the company's bookkeeping. If there is any evidence of fraud or mismanagement they devise procedures for handling it and preventing it from reoccurring.
Auditors that work for the government can assess taxpayer records if there is reason to believe there are errors or evidence of fraud. Individuals that aspire to become auditors must have a bachelor's degree in accounting or a related field with a background in economics. Many become Certified Public Accountants (CPAs) and some earn master's degrees in accounting or in business administration. Today's auditors should be familiar with technology because special software packages can make their work less tedious and more accurate.
Earnings for auditors depend on education years of experience geographical location and type of employer. According to the website www.bls.gov the outlook for this profession is positive especially for individuals with CPA certification andor master's degrees. The median annual salary for auditors is approximately $60000.