A financial programme called auditing teaches students how to assist firms in effectively managing their risks. It includes study in a variety of fields, including strategy, law enforcement, internal control, business research, international auditing, financial analysis, financial reporting, and financial management. Internal and external auditors come in two varieties. While external auditors are employed by a different organisation, such as the government or a group of shareholders, internal auditors are employees of the company or entity being audited.

Auditors are equipped to identify potential hazards and suggest mitigation measures. Their role as consultants—internal or external—is to offer objective assessments and knowledgeable suggestions about how to improve present practises. Improved operational performance, risk management, and regulatory enforcement are among an audit's main goals. The main abilities that students in this course in auditing learn are their aptitude for mathematics, time management, communication, and financial knowledge.

Study Level

The prerequisite for becoming an auditor is a bachelor's degree in accounting. Students can pursue a master's or doctoral degree after earning their bachelor's degree. Students and professionals in the workforce can also get the necessary certificates or diplomas to develop their specialised knowledge and abilities and pursue a professional career. The majority of educational institutions offer these several degrees in auditing. These are:

• Bachelor of Commerce (B.Com)
• Bachelor of Science (B.Sc.) in Accounting
• Bachelor of Business Administration (BBA) in Accounting
• Bachelor of Arts (B.A.) in Economics
• Mater of Commerce (M.Com)
• Master of Science (M.Sc.) in Accounting
• Master of Business Administration (M.B.A.) in Accounting
• Master of Arts (M.A.) in Economics
• Doctor of Philosophy (Ph.D.)
• Postgraduate Diploma/Certificate (PGDip / PGCert)

In the topic of auditing, there are a few well-known certificates that are given out by specific institutes. These certifications are given by the Institute of Internal Auditors (IIA) in three different categories: Certified Internal Auditors, Certified Financial Services Auditors, and Certified Government Auditing Professionals.

Specialisations

In order to make sure that laws have been followed, an audit concentration specifically targets the firm data and documentation review procedure. Students who choose to pursue a degree in auditing as a further specialisation will not only get thorough knowledge and expertise in the discipline, but also have the chance to develop a number of auditing-specific abilities. One can choose to specialise in any of the following fields:

• Internal Audit
• Statutory Audit
• Financial Audit
• Operational Audit
• Information Technology Audit

Employability

The auditing industry is developing quickly with every new government regulation. With a degree in auditing, students will learn how to stay current with industry developments, best practises, and by-laws in order to be useful in this always evolving field. Almost every industry in the country offers a variety of job options for auditors, including those in government, healthcare, corporate enterprise, and educational institutions.

While many people start out in entry-level jobs, others with relevant work experience can move up to more advanced jobs like managing challenging audit assignments from planning to report. The majority of auditing graduates are employed by businesses, enterprises, and nonprofits. These are typical jobs held by auditors in India:

• Auditor
• Tax Analyst
• Tax Accountant
• Audit Associate
• Consultant
• Forensic Accountant
• Internal Auditor
• Information Technology Auditor
• Audit Manager
• SOX Manager
• Budget Analyst
• Financial Analyst
• Personal Financial Advisor
• Financial Managers
• Management Analyst

The following jobs are frequently held by auditors abroad:

• Auditing Manager

• Budget Analyst
• Employment Tax Specialist
• External Auditors
• Financial Analyst
• Financial Manager
• Information Technology Auditor
• Internal Auditors
• Management Analyst
• Personal Finance Consultant
• Personal Financial Advisor
• Tax Policy Analyst