Auditors and accountants help to ensure that the Nation’s firms are run efficiently, and its taxes paid on time and properly. They perform these vital functions by offering an increasingly wide array of business and accounting services, government accounting and management, as well as internal auditing, to their clients. Accountants and auditors are broadening the services they offer to include budget analysis, investment planning and financial and information technology consulting.
Specific job duties vary among the four major fields of accounting: public, management, and government accounting and internal auditing.
Internal auditors verify the accuracy of their organization’s internal records and check for mismanagement, waste, or fraud. Internal auditing is an increasingly important area of accounting and auditing. Internal auditors examine and evaluate their firms’ financial and information systems, management procedures, and internal controls to ensure that records are accurate and controls are adequate to protect against fraud and waste.
They also review company operations, evaluating their efficiency, effectiveness, and compliance with corporate policies and procedures, laws, and government regulations. There are lots types of highly specialized auditors, such as electronic data-processing, environmental, legal, bank, and health care auditors.
As computer systems make information timelier, internal auditors help managers to base their decisions on actual data, rather than personal observation. Internal auditors also may recommend controls for their organization’s computer system, to ensure the reliability of the system and the integrity of the data.
Government auditors and accountants work in the public sector, maintaining and examining the records of government agencies and auditing private businesses and individuals whose activities are subject to government regulations or taxation. Accountants employed by Federal, State, and local governments guarantee. Those employed by the Federal Government may work as Internal Revenue Service agents or in financial management or budget administration and analysis.
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