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Accountants and Auditors

Accountants and Auditors
Quick Facts : Accountants and Auditors*
2010 Median Pay$61,690
Entry Level EducationBachelor's degree
Work Experience in Related OccupationNone
Number of Jobs, 20121,216,900
Job Outlook16% (About as fast as average)
Employment Change190,700


Some districts require applicants to have a high school diploma; others require at least 2 years of college or an associate?s degree. Associate?s degree programs for teacher assistants prepare the participants to develop educational materials, observe students, and understand the role of teachers in the classroom. Most states require passing a skills-based test for instructional aides who work with special needs students.

What Accountants and Auditors Do

  • Examine financial statements to ensure accuracy and compliance with laws and regulations
  • Compute taxes owed, prepare tax returns, and make sure that taxes are paid on time
  • Inspect account books and accounting systems for efficiency and use of accepted accounting procedures
  • Assess financial operations and make best-practices recommendations to management
  • Suggest ways to reduce costs, enhance revenues, and improve profits

Work Environment

Most accountants and auditors work full time. In 2010, one in five worked more than 40 hours per week. Longer hours are typical at certain times of the year, such as at the end of the budget year or during tax season.
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Job Outlook

Employment of accountants and auditors is expected to grow 16 percent from 2010 to 2020 due to an increased focus on accounting in response to corporate scandals and recent financial crises.
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Pay

The average salary of accountants and auditors in May 2010 was $61,690.
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Accountants and Auditors*
Average Annual Salary, May 2010

Accountants and Auditors

61690

Finance Occupations

59143.0435

All Jobs in the U.S.

52312.5223
Accountants and Auditors*
Percent Change in Employment

Accountants and Auditors

15.671

Finance Occupations

18.39732977618342

All Jobs in the U.S.

15.767561808929724

Becoming a Accountants and Auditors

Most accountants and auditors need at least a bachelor's degree in accounting or a related field. Certification within a specific field of accounting improves job prospects such as becoming Certified Public Accountants (CPAs).
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