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Occupation Info

Internal Auditor

Overview: Internal auditors conduct examinations of an organization's financial transactions, recording procedures, their accounting systems and the controls used to assure honesty and accuracy in handling monies. They examine records of individuals to protect against fraud and theft.
Duties: They design methods to investigate and examine the financial records of an organization to assure all money transactions are accurately handled and recorded.

They design enhancements to an organization's accounting system which enables management to detect improper usage or recording of the organization's business transactions.

They examine, without prior notice, the financial status of an organization and how account receivables and account payables are handled.

They report to an organization's management any suspicious money transactions by employees in the organization. They may report fraud to a "watch-dog" agency.

Degree(s): A.A.S. Accounting 
A.A.S. Management: Marketing Concentration 
A.A.S. Management: Real Estate-Insurance Concentration 
A.S. Business Administration (Accounting and Marketing) 
Job Outlook: Employment of internal auditors is expected grow much faster than average through 2018. An increased need for auditors will arise from a greater emphasis on accountability, transparency, and controls in financial reporting and increased scrutiny of company finances and accounts. Best opportunities will be available to CPAs.
Salary Range (National Average): $43,000 to $47,000
Growth: Growth
Education Level: Typically, a Bachelor’s Degree from a 4-year college (some are 5 years) is required to be considered for this occupation.
Additional Training/Education: Most business firms and government agencies require applicants for auditor positions to have a bachelor's degree in accounting. A knowledge of computer-based accounting programs is essential.
Recommended Skills:
  • Weighing out the options in a situation or a problem and logically choosing the best course of action.
  • Determining how much money is required to get a job done, allocating those monies, and then accounting for all expenditures.
  • Using mathematics and/or statistics to solve problems.
  • Using logic to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Recommended Values:
  • Having a level of income that will afford you with luxuries, and which will allow you to become financially independent.
  • Being able to decide on how to get something done without significant direction from someone else.
  • Gaining the respect of others by the nature and/or level of responsibility of your work.
  • Having a routine job where the duties are very predictable and not likely to change over a long period of time.

* National data collected by the Department of Labor between 2008-2012.
* For New York salary data information please click here
* For New York green job information please click here.

Understanding acquiring positions in this field may be enhanced through continuing academic study (i.e. earning a baccalaureate or a master's degree) and/or work experience in the field, Queensborough Community College has established transfer agreements with other institutions for students who wish to further pursue their educational goals. Students are highly encouraged to meet with one of our Career Services Advisor to fully understand the opportunities available through study in their degree program.