Auditor Course and Career Info Description
To be an auditor, you have to have a bachelor’s degree in accounting or in a similar field such as business administration, with focus on accounting as well as auditing. These courses will teach you financial and managerial accounting concepts, including budgeting concepts as well as cost behavior. The courses will also teach you about creating, preparing, and recording financial statements and business records.
Cost of Education:
The cost per semester depends upon the school. For a four-year BS Accountancy course, some schools offer P30,000 per semester, while some offers as high as P45,000. Private universities are more expensive than public institutions. They offer the courses at about 20% to even 40% less than that of the private universities’.
Top Universities for Course:
- The top five universities that BS Accountancy includes De La Salle University in Manila, University of the Philippines – Diliman, University of Santo Tomans, Bicol University in Legazpi, and San Beda College. As for Business Administration, here are some of the best universities – Asian Institute of Management, University of the Philippines, De La Salle University, Ateneo De Manila University, and University of Santo Tomas.
Top Universities Link:
Course Skills and Factors
- High standards of integrity since you will be handling financial transactions and keeping business records.
- Good communication skills and rapport with people.
- Ability to work independently or with a team.
- Able to tolerate long hours of work.
- Math skills and analytical mind for analyzing, comparing, and interpreting data.
- Computer know-how since you’ll be using accounting software and programs.
- Communication skills and professionalism.
- As an auditor, your main task is to analyze and compute the financial data, record business transactions and financial statements, compile and keep the financial records, as well as prepare and organize financial reports. You should not only be mindful of the tax laws as well as regulations but follow them as well.
Career Outlook and Global Demand
The demand for auditors increases as the local economy and new business establishments grow, necessitating the need for auditors. However, if you’re thinking of working overseas, some countries that are looking for Filipino auditors include UAE, Papua New Giuinea, Singapore, Bahrain, among others.
Auditors who are working in government offices have starting salaries of P18,000; however, if you’re working in a private companies, the starting salary can range anywhere from P35,000 to even P45,000. You can even earn as much as P75,000 if you happen to land a job at a big, multinational company. Overseas though, like the United States, the starting salary is about $3,500 to $4,300 monthly.
Opportunities for Advancement:
From an entry level auditor, you can advance to senior internal auditor then to internal audit supervisor or manager. You could also move up to the chief audit executive or internal audit executive position. However, to reach these positions though, a bachelor’s degree is not enough, but you will also need continuing education, more years of related experience, as well as experience in managerial positions.