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Accountants and Auditors
Examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. Install or advise on systems of recording costs or other financial and budgetary data.
Also Known As:
Accountant
Accounting Officer
Audit Partner
Auditor
Certified Public Accountant (CPA)
Cost Accountant
Financial Auditor
General Accountant
Internal Auditor
Revenue Tax Specialist
Wages
Annual wages for Accountants and Auditors in United States
Job Outlook
Bright
New job opportunities are very likely in the future
United States
2034 Projected Employment
1,652,600
5% Change From 2024
Explore Accountants and Auditors video
Tasks you might complete in a day.
- Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
- Analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice.
- Prepare adjusting journal entries.
- Report to management regarding the finances of establishment.
- Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
- Conduct pre-implementation audits to determine if systems and programs under development will work as planned.
- Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
- Establish tables of accounts and assign entries to proper accounts.
- Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
- Direct activities of personnel engaged in filing, recording, compiling, and transmitting financial records.
- Prepare detailed reports on audit findings.
- Confer with company officials about financial and regulatory matters.
- Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
- Advise clients in areas such as compensation, employee health care benefits, the design of accounting or data processing systems, or long-range tax or estate plans.
- Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
- Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
- Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.
- Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets.
- Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
- Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.
- Review accounts for discrepancies and reconcile differences.
- Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
- Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
- Supervise auditing of establishments, and determine scope of investigation required.
- Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.
- Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.
- Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
- Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements.
- Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
- Prepare adjusting journal entries.
- Audit payroll and personnel records to determine unemployment insurance premiums, workers' compensation coverage, liabilities, and compliance with tax laws.
- Examine inventory to verify journal and ledger entries.
- Review accounts for discrepancies and reconcile differences.
- Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements.
Subject areas you may need to master.
- Sales and Marketing - Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
- Communications and Media - Knowledge of media production, communication, and dissemination techniques and methods. This includes alternative ways to inform and entertain via written, oral, and visual media.
- Foreign Language - Knowledge of the structure and content of a foreign (non-English) language including the meaning and spelling of words, rules of composition and grammar, and pronunciation.
- Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, and rules of composition and grammar.
- Medicine and Dentistry - Knowledge of the information and techniques needed to diagnose and treat human injuries, diseases, and deformities. This includes symptoms, treatment alternatives, drug properties and interactions, and preventive health-care measures.
- Biology - Knowledge of plant and animal organisms, their tissues, cells, functions, interdependencies, and interactions with each other and the environment.
- Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
- Personnel and Human Resources - Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
- Building and Construction - Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
- Physics - Knowledge and prediction of physical principles, laws, their interrelationships, and applications to understanding fluid, material, and atmospheric dynamics, and mechanical, electrical, atomic and sub-atomic structures and processes.
- Production and Processing - Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
- Mechanical - Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
- Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
- Food Production - Knowledge of techniques and equipment for planting, growing, and harvesting food products (both plant and animal) for consumption, including storage/handling techniques.
- Sociology and Anthropology - Knowledge of group behavior and dynamics, societal trends and influences, human migrations, ethnicity, cultures, and their history and origins.
- Psychology - Knowledge of human behavior and performance; individual differences in ability, personality, and interests; learning and motivation; psychological research methods; and the assessment and treatment of behavioral and affective disorders.
- Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
- Transportation - Knowledge of principles and methods for moving people or goods by air, rail, sea, or road, including the relative costs and benefits.
- Administrative - Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
- Engineering and Technology - Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
- Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
- Design - Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
- History and Archeology - Knowledge of historical events and their causes, indicators, and effects on civilizations and cultures.
- Chemistry - Knowledge of the chemical composition, structure, and properties of substances and of the chemical processes and transformations that they undergo. This includes uses of chemicals and their interactions, danger signs, production techniques, and disposal methods.
- Therapy and Counseling - Knowledge of principles, methods, and procedures for diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and for career counseling and guidance.
- Philosophy and Theology - Knowledge of different philosophical systems and religions. This includes their basic principles, values, ethics, ways of thinking, customs, practices, and their impact on human culture.
- Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
- Geography - Knowledge of principles and methods for describing the features of land, sea, and air masses, including their physical characteristics, locations, interrelationships, and distribution of plant, animal, and human life.
- Fine Arts - Knowledge of the theory and techniques required to compose, produce, and perform works of music, dance, visual arts, drama, and sculpture.
- Telecommunications - Knowledge of transmission, broadcasting, switching, control, and operation of telecommunications systems.
- Education and Training - Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
- Public Safety and Security - Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.
Strengths you may need in this role.
- Science - Using scientific rules and strategies to solve problems.
- Social Perceptiveness - Understanding people's reactions.
- Operations Analysis - Figuring out what a product or service needs to be able to do.
- Operations Monitoring - Watching gauges, dials, or display screens to make sure a machine is working.
- Negotiation - Bringing people together to solve differences.
- Reading Comprehension - Reading work-related information.
- Troubleshooting - Figuring out what is causing equipment, machines, wiring, or computer programs to not work.
- Programming - Writing computer programs.
- Time Management - Managing your time and the time of other people.
- Management of Financial Resources - Making spending decisions and keeping track of what is spent.
- Active Learning - Figuring out how to use new ideas or things.
- Service Orientation - Looking for ways to help people.
- Management of Personnel Resources - Selecting and managing the best workers for a job.
- Monitoring - Keeping track of how well people and/or groups are doing in order to make improvements.
- Technology Design - Making equipment and technology useful for customers.
- Equipment Selection - Deciding what kind of tools and equipment are needed to do a job.
- Operation and Control - Using equipment or systems.
- Persuasion - Talking people into changing their minds or their behavior.
- Active Listening - Listening to others, not interrupting, and asking good questions.
- Coordination - Changing what is done based on other people's actions.
- Mathematics - Using math to solve problems.
- Speaking - Talking to others.
- Writing - Writing things for co-workers or customers.
- Management of Material Resources - Managing equipment and materials.
- Quality Control Analysis - Testing how well a product or service works.
- Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
- Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.
- Learning Strategies - Using the best training or teaching strategies for learning new things.
- Systems Analysis - Figuring out how a system should work and how changes in the future will affect it.
- Systems Evaluation - Measuring how well a system is working and how to improve it.
- Instructing - Teaching people how to do something.
- Installation - Installing equipment, machines, wiring, or computer programs.
- Repairing - Repairing machines or systems using the right tools.
- Equipment Maintenance - Planning and doing the basic maintenance on equipment.
- Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
- Hearing Sensitivity - Telling the difference between sounds.
- Selective Attention - Paying attention to something without being distracted.
- Rate Control - Changing when and how fast you move based on how something else is moving.
- Stamina - Exercising for a long time without getting out of breath.
- Number Facility - Adding, subtracting, multiplying, or dividing.
- Depth Perception - Deciding which thing is closer or farther away from you, or deciding how far away it is from you.
- Near Vision - Seeing details up close.
- Visualization - Imagining how something will look after it is moved around or changed.
- Response Orientation - Quickly deciding if you should move your hand, foot, or other body part.
- Trunk Strength - Using your lower back and stomach.
- Speech Clarity - Speaking clearly.
- Memorization - Remembering words, numbers, pictures, or steps.
- Speed of Limb Movement - Quickly moving your arms and legs.
- Oral Comprehension - Listening and understanding what people say.
- Written Expression - Communicating by writing.
- Fluency of Ideas - Coming up with lots of ideas.
- Reaction Time - Quickly moving your hand, finger, or foot based on a sound, light, picture or other command.
- Category Flexibility - Grouping things in different ways.
- Visual Color Discrimination - Noticing the difference between colors, including shades and brightness.
- Far Vision - Seeing details that are far away.
- Sound Localization - Noticing the direction that a sound came from.
- Auditory Attention - Paying attention to one sound while there are other distracting sounds.
- Time Sharing - Doing two or more things at the same time.
- Speed of Closure - Quickly knowing what you are looking at.
- Flexibility of Closure - Seeing hidden patterns.
- Finger Dexterity - Putting together small parts with your fingers.
- Arm-Hand Steadiness - Keeping your arm or hand steady.
- Wrist-Finger Speed - Making fast, simple, repeated movements of your fingers, hands, and wrists.
- Deductive Reasoning - Using rules to solve problems.
- Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
- Problem Sensitivity - Noticing when problems happen.
- Glare Sensitivity - Seeing something even if there is a glare or very bright light.
- Extent Flexibility - Bending, stretching, twisting, or reaching with your body, arms, and/or legs.
- Speech Recognition - Recognizing spoken words.
- Perceptual Speed - Quickly comparing groups of letters, numbers, pictures, or other things.
- Originality - Creating new and original ideas.
- Oral Expression - Communicating by speaking.
- Information Ordering - Ordering or arranging things.
- Written Comprehension - Reading and understanding what is written.
- Gross Body Coordination - Moving your arms, legs, and mid-section together while your whole body is moving.
- Peripheral Vision - Seeing something to your side when your are looking ahead.
- Control Precision - Quickly changing the controls of a machine, car, truck or boat.
- Static Strength - Lifting, pushing, pulling, or carrying.
- Explosive Strength - Jumping, sprinting, or throwing something.
- Mathematical Reasoning - Choosing the right type of math to solve a problem.
- Gross Body Equilibrium - Keeping your balance or staying upright.
- Night Vision - Seeing at night or under low light.
- Dynamic Flexibility - Quickly and repeatedly bending, stretching, twisting, or reaching out with your body, arms, and/or legs.
- Spatial Orientation - Knowing where things are around you.
- Multilimb Coordination - Using your arms and/or legs together while sitting, standing, or lying down.
- Dynamic Strength - Exercising for a long time without your muscles getting tired.
- Manual Dexterity - Holding or moving items with your hands.
Average Education Attained
Highest level of education earned by people in this career.
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Content sourced from United States Department of Labor Employment and Training Administration ("DOLETA") and the Minnesota Department of Employment & Economic Development ("DEED")