Audit Advisory Careers – An Overview

Careers in audit advisory receive high demand these days, mainly due to the growing importance of having access to accurate business advice that can help improve a company’s chances of surviving financial turmoil. Due to this, if you are considering a job in finance, audit advisory is an excellent choice. There are many reasons behind this, and these include all the benefits that those working as an auditor enjoy.

 

Benefits of Working as an Audit Advisor

Working as an audit advisor has plenty of advantages, which include:

Professional Esteem

As an audit advisor, you will play a major role in the company’s business decisions. Companies will rely heavily on the advice that you provide as it makes its decisions. It is highly important for you to do a good job as it might have an impact on the future of the company. This, however, means that you will have the power to steer the company into the right direction, and having such a huge responsibility on your hands will improve the esteem you have in your profession.

Flexibility

Working as an auditor is a very flexible profession as you can sometimes choose between working full-time or working part-time. Aside from full-time employment opportunities, part-time work is also widely available as some smaller firms who do not have the budget to hire a full-time auditor still require auditing services at some point. Also, audit advisors are free to work in almost any industry as well. Thus, as long as there are businesses, there will be audit advisory careers available for auditors and finance professionals to take advantage of.

Leadership role

An audit advisor will work closely with the senior level management to help establish best practices within the company. He or she will then help enact any program or practice and make sure that the whole company is on board and acts consistently with it. This places the audit advisor at a leadership position, leading to great esteem within a company.

Pay

Audit advisory jobs usually come with reasonable pay offers, making them some of the best finance jobs in the market.

Positive job outlook

According to reports, the employment outlook of auditors and accountants is expected to grow by 16 percent between 2010 and 2020. Due to the recent financial crises experienced by economies in various parts of the world as well as the growing requirements in financial regulations, the demand for financial documentation is also expected to continue growing at a consistent rate.

 

How to Become an Audit Advisor

If you wish to become an audit advisor, look for job prospects, find out what their requirements are, and proceed with the application. Job prospects often come in three different positions, namely financial planner, private banker, and financial consultant. These prospects can also come with several different opportunities in private companies, banks, investment firms, and financial advisory firms. They also have the option of building an individual service, which gives you a lot of flexibility in choosing your future job.

Although it faces less demand than other finance and investment professionals, audit advisory careers are thriving in their own, more consistent way.

In addition, audit advisory careers can also be won over by the right characteristics and the right price. The required skills include:

• People skills or communication skills
• Analytical skills
• A genuine passion for the work.

 

More Factors to Consider

Careers in audit advisory do come with certain requirements. For one thing, hours can be very unpredictable. You may be required to work until late at night sometimes, but may also have a lot of rest time in between; this is mainly because the advisory practice is highly susceptible to changes in the economy, so an audit advisor will also be prone to ups and downs in the line of their work.

Despite these mild disadvantages that people should consider, they should also give a lot of thought to the many benefits they will enjoy in their audit advisory jobs.