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Career and Education Opportunities for Auditors in Essex, Vermont

Auditors can find both educational opportunities and jobs in the Essex, Vermont area. Currently, 3,250 people work as auditors in Vermont. This is expected to grow by 11% to 3,620 people by 2016. This is not quite as good as the national trend for auditors, which sees this job pool growing by about 21.6% over the next eight years. In general, auditors examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.

Auditors earn about $28 hourly or $58,320 per year on average in Vermont and about $28 hourly or $59,430 per year on average nationally. Auditors earn more than people working in the category of Accounting and Auditing generally in Vermont and more than people in the Accounting and Auditing category nationally. Auditors work in a variety of jobs, including: financial auditor, audit manager, and utility accounts director.

The Essex area is home to fourteen schools of higher education, including three within twenty-five miles of Essex where you can get a degree as an auditor. Given that the most common education level for auditors is a Bachelor's degree, it will take about four years to learn to be an auditor if you already have a high school diploma.

CAREER DESCRIPTION: Auditor

Auditor video from the State of New Jersey Dept. of Labor and Workforce Development

In general, auditors examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.

Auditors collect and analyze data to uncover deficient controls or non-compliance with laws and management policies. They also inspect cash on hand, accounts receivable and payable and canceled checks to confirm records are accurate. Equally important, auditors have to talk with company officials about financial and regulatory matters. They are often called upon to examine and evaluate financial and data systems, recommending controls to insure system reliability and data integrity. They are expected to examine records and interview staff to insure recording of transactions and adherence to laws and regulations. Finally, auditors examine inventory to confirm journal and ledger entries.

Every day, auditors are expected to be able to articulate ideas and problems. They need to think through problems and come up with general rules. It is also important that they listen to and understand others in meetings.

It is important for auditors to conduct pre-implementation audits to establish if systems and programs under development will work as planned. They are often called upon to audit payroll and personnel records to establish unemployment insurance premiums, staff' compensation coverage and adherence to tax laws. They also evaluate taxpayer finances to establish tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets. They are sometimes expected to examine records and related documents pertaining to settlement of decedent's estate. Somewhat less frequently, auditors are also expected to inspect taxpayer accounts, and conduct audits on-site or by summoning taxpayer to office.

Auditors sometimes are asked to report to management about asset utilization and audit results, and recommend changes in operations and financial efforts. and supervise auditing of establishments, and decide on scope of investigations required. And finally, they sometimes have to direct efforts of personnel working on filing, recording, compiling and transmitting financial records.

Like many other jobs, auditors must have exceptional integrity and be thorough and dependable.

Similar jobs with educational opportunities in Essex include:

  • Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
  • Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
  • Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
  • Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
  • Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
  • Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.

EDUCATIONAL OPPORTUNITIES: Auditor Training

Saint Michaels College - Colchester, VT

Saint Michaels College, One Winooski Park, Colchester, VT 05439. Saint Michaels College is a small college located in Colchester, Vermont. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,428 students and an admission rate of 69%. Saint Michaels College has a bachelor's degree program in Accounting which graduated one student in 2008.

Champlain College - Burlington, VT

Champlain College, 163 S. Willard St, Burlington, VT 05401. Champlain College is a small college located in Burlington, Vermont. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,907 students and an admission rate of 73%. Champlain College has less than one year, associate's degree, and bachelor's degree programs in Accounting which graduated seventeen, four, and twenty-six students respectively in 2008.

Community College of Vermont - Waterbury, VT

Community College of Vermont, 103 South Main Street, Waterbury, VT 05676-0120. Community College of Vermont is a medium sized college located in Waterbury, Vermont. It is a public school with primarily 2-year programs and has 5,550 students. Community College of Vermont has an associate's degree program in Accounting which graduated two students in 2008.

CERTIFICATIONS

Accredited Business Accountant/Accredited Business Advisor: This credential is for practitioners who specialize in the needs of small-to-mid-size businesses and in financial services to individuals and families.

For more information, see the Accreditation Council for Accountancy and Taxation website.

Accredited Tax Advisor: This credential is for practitioners who handle sophisticated tax planning issues, including ownership of closely held businesses, qualified retirement plans and complex estates.

For more information, see the Accreditation Council for Accountancy and Taxation website.

Certified Forensic Accountant: Forensic accountants are professionals who use a unique blend of education and experience to apply accounting, auditing, and investigative skills to uncover truth, form legal opinions, and assist in investigations.

For more information, see the American College of Forensic Examiners website.

Associate in Risk Management: The Insurance Institute of America's newly revised Associate in Risk Management (ARM) designation program will teach your employees the practical, relevant skills they need to help manage risk at all levels of your company.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Associate in Premium Auditing: The Associate in Premium Auditing program provides a sold foundation in essential auditing, accounting, and insurance principles.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Associate in Risk Management for Public Entities: The Insurance Institute of America's newly revised Associate in Risk Management (ARM) designation program will teach your employees the practical, relevant skills they need to help manage risk at all levels of your company.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Personal Financial Specialist: CPAs who specialize in personal financial planning can earn a specialist's designation, the Personal Financial Specialist (PFS).

For more information, see the American Institute of Certified Public Accountants website.

Certified Public Accountant: Certified Public Accountant candidates must pass a national exam certifiying that they are eligible to be licensed in the state(s) of their choosing.

For more information, see the American Institute of Certified Public Accountants website.

Biomedical Auditor Certification: The Certified Biomedical Auditor is a professional who understands the principles of standards, regulations, directives and guidance for auditing a biomedical system while using various tools and techniques to examine, question, evaluate and report on that system's adequacy and deficiencies.

For more information, see the American Society for Quality website.

Certified Treasury Professional Associate: We recognize the accomplishments of these full-time students who successfully completed the Corporate Treasury Management program at their college/university and passed the CTP exam to earn the Certified Treasury Professional Associate credential.

For more information, see the Association for Financial Professionals website.

Certified Fraud Examiner: The ACFE established and administers the Certified Fraud Examiner (CFE) designation.

For more information, see the Association of Certified Fraud Examiners website.

Certified Energy Auditor: The Certified Energy Auditor (CEA) certification identifies professionals as having the required knowledge and experience needed to succeed in the growing field of energy auditing.

For more information, see the Association of Energy Engineers website.

Certification in Distressed Business Valuation: The Certification in Distressed Business Valuation (CDBV) is a unique valuation certification program designed to train and accredit professionals who value distressed assets, including distressed and/or bankrupt companies.

For more information, see the Association of Insolvency and Restructuring Advisors website.

Certified Bank Auditor: The purpose of BAI Center for Certification - Certified Bank Auditor® (CBA) Continuing Professional Education (CPE) Program is to promote professional development and to provide a means for recognizing CBAs to keep current with industry changes or furthering their own development in banking, technology, auditing, or other disciplines that contribute to a CBA?s growth and development.

For more information, see the BAI Center for Certification website.

International Certificate in Banking Risk and Regulation: The role of risk management is becoming more important as both banks and supervisors around the world increasingly recognize that sound risk management practices are vital, not only for the success of individual banks, but also for the banking system as a whole.

For more information, see the Global Association of Risk Professionals website.

Stay Sharp Program - Defeating Rogue Access Points: Security professionals who are concerned about the weaknesses of wireless networks.

For more information, see the Global Information Assurance Certification website.

Certified Internal Auditor: The Certified Internal Auditor (CIA) designation is the only globally accepted certification for internal auditors and remains the standard by which individuals demonstrate their competency and professionalism in the internal auditing field.

For more information, see the Institute of Internal Auditors website.

Accredited Insurance Examiner: An Accredited Insurance Examiner (AIE) is awarded to insurance regulatory professionals who have been extensively trained in one of two primary fields of insurance regulation, Property and Casualty or Life and Health.

For more information, see the Insurance Regulatory Examiners Society website.

Bookkeeper NRB: Bookkeeping, accounting, and auditing clerks may apply for our examination with qualified experience or education.

For more information, see the National Center for Competency Testing website.

Certified Valuation Analyst: The primary goal of CVA certification is to provide you with information that will serve as a solid foundation for your professional valuation endeavors, whether or not you plan to pursue a designation.

For more information, see the The National Association of Certified Valuation Analysts website.

LOCATION INFORMATION: Essex, Vermont

Essex, Vermont
Essex, Vermont photo by Fancy-cats-are-happy-cats

Essex is situated in Chittenden County, Vermont. It has a population of over 19,649, which has grown by 5.5% over the last ten years. The cost of living index in Essex, 95, is below the national average. New single-family homes in Essex cost $228,000 on average, which is below the state average. In 2008, six new homes were built in Essex, down from thirteen the previous year.

The three big industries for women in Essex are educational services, health care, and computer and electronic products. For men, it is computer and electronic products, educational services, and construction. The average travel time to work is about 19 minutes. More than 45.6% of Essex residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 17.1%, is higher than the state average.

The unemployment rate in Essex is 4.8%, which is less than Vermont's average of 5.9%. About 2.6% of Essex's residents are below the poverty line, which is better than the state average.

The percentage of Essex residents that are affiliated with a religious congregation, 39.8%, is less than both the national and state average. Federated Church, Covenant Community Church and Essex Alliance Church are among the churches located in Essex. The largest religious groups are the Catholic Church, the United Church of Christ and the United Methodist Church.

Essex is home to the Essex Free Library and the Essex Town Hall.