How to Become An Auditor South Africa

An auditor is a person authorized to review and verify the accuracy of financial records and ensure that companies comply with tax laws.

Below is How to Become An Auditor South Africa

Obtaining an academic qualification – a Bachelor of Commerce and Honours in Accounting

Theory of Accounting (CTA).

The Institute of Internal Auditors South Africa (IIA SA) recommends

Go through the IIA SA’s Professional Training Programme.

Write the Certified Internal Auditor (CIA) exam as the final test of competence.

What qualifications do you need to be an auditor?

Eligibility to become Auditor

To become an auditor, the candidate must have a bachelor’s degree in Accounting. However, some employers prefer candidates with a relevant master’s degree in accounting or an MBA.

Candidates can also take up a course in computer accounting software such as Tally or other related diplomas.

How long does it take to become an auditor in South Africa?

Qualifying as a Registered Auditor requires you to first qualify as a Chartered Accountant (SA) and usually takes a minimum of 8 ½ years but can be done in 7 ½ years if you are able to qualify as a Chartered Accountant (SA) within 6 years.

What education do you need to be an auditor?

Most auditor positions require at least a bachelor’s degree in accounting, finance or a related field. Some employers prefer to hire candidates with a master’s degree in accounting or business administration with an accounting concentration.

Do auditors make a lot of money?

With such a detailed depth of experience and knowledge, auditors are often compensated generously for their work. Although an auditor salary may vary considerably depending upon their particular employer, these individuals can expect to earn an annual income above $50,000.

Where can an auditor work?

Auditors work in the accounting departments of a huge range of firms and with independent chartered and certified firms, examining the money going in and out of organizations and making sure it is recorded and processed correctly.

How much does an internal auditor earn in South Africa?

After 2 years within the field at the manager level, an internal auditor can typically expect a salary of between R550-750K. Likewise, at the controller level (5 yrs’ exp), you would expect a salary of between R750-900K.

How can I be a good auditor?

What are the qualities of a good auditor?

They show integrity.

They are effective communicators.

They are good with technology.

They are good at building collaborative relationships.

They are always learning.

They leverage data analytics.

They are innovative.

They are team orientated.