Careers
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In Auditing Introduction Eligibility Job Prospects Remuneration Institutes
Introduction
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Auditing is one of the main career options in the field of accounting. It is a systematic process of obtaining and evaluating financial statements or accounts of private business, government undertaking, department etc. It is a specialized form of accounting and plays a vital role in both private and public organization. An auditor is a person who review, analyze and evaluate the processes, services, systems, products, organizations and employees. He determines the efficiency, adequacy and effectiveness of the company.
Eligibility
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To pursue a career in auditing a candidate must have Bachelor’s degree in accounting from a recognized university. After which a candidate has to study Chartered accountant program to work as an auditor. Students who have done their post graduation can also apply for this course. Candidates who have done IRCA certified training program can also become auditors.
Job Prospects
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In India, auditors have many career opportunities such as Internal auditors, External auditors, Government auditors, Forensic auditors in manufacturing sector, insurance companies, banking sector, pecuniary institutions, corporate, financial firms, government service, public sector, teaching staff, non profit organization and government agency etc. Many auditors carry out their private practice.
Remuneration
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The pay scale in majority of the governmental organization for entry level engineers will be in the range of Rs.1,80,000 to Rs.2,40, 000 per annum. In private firms Entry level engineers can avail a minimum of Rs. 1,44, 000 to Rs. 1,80, 000 per annum. Experienced professionals can earn up to Rs. 5,00, 000 per annum.
Institutes
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Indian School Of Business Management & Administration, Hyderabad The Institute Of Internal Auditors, delhi Government Polytechnic Manesar, Gurgaon, Haryana Arcade Business College, Patna, Bihar The Institute of Chartered Accountants of India, Hyderabad, Telangana Dr. Zakir Hussain College Sivaganga, Tamil Nadu Saga Institute of Management Studies - SIMS , Malappuram, Kerala