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Senior auditors play a critical role in helping companies stay up to date and accurate in their financial reporting. They review the company’s operations to ensure they are in compliance with corporate and government policies. Their job entails auditing financial, operational, Sarbanes-Oxley, and fraud inventories. Senior auditors collect and analyze data and draw conclusions, leading to written recommendations, risk assessments, and audit plans. Paid to oversee auditing operations, senior auditors often assume a leadership role, overseeing the fieldwork, planning, and reporting of junior auditors.
According to Indeed.com, the average salary for a senior auditor in Boston is $84,000. That’s 15 percent higher than the national average pay for a senior auditor. Similar jobs in Boston include corporate internal auditors, averaging $78,000; senior investment auditors who earn $87,000; IT senior auditors who average $94,000; and supervisory auditors, who top the ledger with an average salary of $121,000. According to the U.S. Bureau of Labor Statistics, the five top-paying states for senior auditors are New York, Washington D.C., New Jersey, Maryland and Massachusetts.
Senior auditors are expected to possess the highest integrity and trustworthiness and to work well with others. Top skills include the ability to compare, analyze, and interpret facts and figures. While math skills are understandably required, so are written and oral communication skills, as senior auditors must communicate the results of audits effectively to both clients and managers.
Most senior auditor jobs require a Bachelor’s degree in Accounting or a related field, although many employers require a Master’s degree in Business Administration with a concentration in Accounting. In addition, senior auditors are expected to possess certifications such as Chartered Financial Analyst (CFA), Certified Internal Auditor (CIA) or Certified Public Accountant (CPA). Most auditors begin their career as staff auditors, moving into a senior auditor position after acquiring approximately three years of professional experience.
Job opportunities abound for senior auditors. According to the BLS, employment of auditors and accountants is expected to increase 22 percent between 2008 and 2018. They attribute this growth to the fact that companies are increasingly coming under scrutiny and expected to provide accurate financial records.
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