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ACCOUNTANTS AND AUDITORS
An Occupation in
 
Occupation Description:
 
  Examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. Install or advise on systems of recording costs or other financial and budgetary data. Excludes “Tax Examiners and Collectors, and Revenue Agents” (13-2081).
 
Career Video:
  Video Icon  Accountants and Auditors
  Open-captioning or video transcript included for the hearing impaired. Career videos brought to you by CareerOneStop. Copyright © 2017 All Rights Reserved.
 
  Specialized Occupations:
 
 
  * Accountants (ONET code: 13-2011.01)
 
   Auditors (ONET code: 13-2011.02)
 
 
  Occupation Description:
 
  Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
 
 
  Typical Tasks:
 
 
  • Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
  • Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
  • Prepare detailed reports on audit findings.
  • Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.
  • Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
  • Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
  • Supervise auditing of establishments, and determine scope of investigation required.
 
 
  Skills:
 
 
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents..
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times..
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience..
  • Speaking - Talking to others to convey information effectively..
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems..
  • Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions..
  • Mathematics - Using mathematics to solve problems..
 
 
  Knowledge:
 
 
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data..
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar..
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications..
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources..
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction..
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process..
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming..
 
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Education & Training:
 
  Bachelor's degree
 
      View Related Programs on Connecticut's Education & Training ConneCTion site
 
License Authority for Accountant, Certified Public:  (License details)
 
  State Board of Accountancy
consolidated with Secretary of State
30 Trinity Street
Hartford, CT   006106
(860) 509-6179
email: sboa@ct.gov
www.ct.gov/sboa

 
Wage Information:
 
 
Region Average Annual Average Hourly Entry Level (hourly) Mid-Range  (hourly)
Statewide $78,986.00 $37.98 $40.96 $25.44 - $48.01
Bridgeport/Stamford $86,276.00 $41.48 $45.41 $27.69 - $53.76
Danbury $72,053.00 $34.64 $40.34 $21.05 - $46.79
Hartford $75,840.00 $36.46 $38.38 $25.18 - $45.06
New Haven $77,408.00 $37.21 $40.01 $25.06 - $46.85
New London/Norwich $68,775.00 $33.07 $36.77 $22.83 - $42.13
Waterbury $65,313.00 $31.40 $34.20 $21.53 - $39.28
Torrington $65,863.00 $31.66 $32.80 $22.00 - $38.57
      
Select a town to see its region Not sure which Region applies to you?
    

 
Occupation Outlook:
 
 
Region Employment Average Annual Growth Rate Average Annual Job Openings
2016 2026
State of Connecticut 18,460 20,110 0.8% 1,844
 
 
Chart of Growth Rate and Annual Openings   Employment in this occupation is expected to grow faster than average, and the number of annual openings will offer excellent job opportunities.
Key:
  N/A = Not Applicable, ***** = Over $60.00 per hour, ##### = Over $124,821
 
Similar Occupations:
 
 
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