Mike has just graduated from State University with a bachelor's degree in accounting. He would like to pursue a career in auditing. What options does Mike have? Describe three auditing career options, including a description of the organization Mike would work for.
What will be an ideal response?
Answer could include any three of the following:
External: Mike could become an external auditor. He would work for a CPA firm providing
independent audits to nonpublic or public companies. Mike would need to pass the Uniform
CPA Examination monitored by the American Institute of Certified Public Accountants. His
state may have other requirements, such as 150 credit hours and experience.
Internal: Mike could also be an internal auditor. He would be directly employed by the entity for
which he is performing audits. Internal auditors may conduct financial, internal control,
compliance, operational, and forensic audits within their organization. Internal auditors are
supported by the Institute of Internal Auditors.
Governmental: Another option for Mike is governmental auditing. This is essentially a form of
internal auditing and Mike could be employed by federal (such as the Government
Accountability Office or the Internal Revenue Service), state, or local agencies.
Forensic: Mike could also be a forensic auditor. Forensic auditors are employed by
corporations, government agencies, public accounting firms, and consulting and investigative
services firms. They are trained in detecting, investigating, and deterring fraud and white-collar
crime and are supported by the Association of Certified Fraud Examiners.
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