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What does an Income Auditor do?

Learn all about Income Auditor duties, skills and much more. Get expert advice on how to become an Income Auditor.

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Brenna Goyette
Certified Professional Resume Writer, Career Expert

Published 3 min read

An income auditor is responsible for ensuring that an organization's income is accurate and in line with its budget. This may involve reviewing financial records, investigating discrepancies, and preparing reports.

Income Auditor job duties include:

  • Examine accounting records to determine whether they are accurate and complete
  • Identify errors and discrepancies in records
  • Prepare reports detailing findings
  • Recommend changes to accounting procedures
  • Work with accounting staff to resolve issues
  • Assist in the preparation of financial statements
  • Perform audits of specific accounts or areas as requested
  • Review documentation to support transactions
  • Analyze data to detect trends or anomalies

Income Auditor Job Requirements

Most income auditors have a bachelor's degree in accounting, although some employers may require a master's degree. Income auditors also must be certified public accountants (CPAs). Many income auditors have several years of experience working in accounting or auditing before they become income auditors.

Income Auditor Skills

  • Analytical skills
  • Profit and loss analysis
  • Auditing
  • Income tax
  • Financial analysis
  • Cost accounting
  • Budgeting
  • Forecasting
  • Variance analysis
  • Financial reporting
  • Cash flow management
  • Working capital management

Related: Top Income Auditor Skills: Definition and Examples

How to become an Income Auditor

Income auditors are responsible for ensuring that an organization’s income is accurately reported and accounted for. They may work in a variety of settings, including public accounting firms, corporate accounting departments, and government agencies. Income auditors must have strong analytical and critical thinking skills in order to identify errors and discrepancies. They must also be detail-oriented and able to maintain accurate records.

To become an income auditor, one must first earn a bachelor’s degree in accounting or a related field. Many income auditors also pursue certification through professional organizations such as the Institute of Internal Auditors (IIA). Those who wish to work in public accounting firms may need to pass the Certified Public Accountant (CPA) exam. Experience working in an accounting or auditing role is also helpful.

Related: Income Auditor Resume Example

Related: Income Auditor Interview Questions (With Example Answers)