What Is an Income Audit Analyst?
- Auditors take a close look at the financial and bookkeeping records of employers. They look for inconsistencies in financial records and work to reconcile them where possible. They report earnings to appropriate tax authorities and to company management. Auditors work in a wide variety of fields in accounting, including government, internal, management or the public sphere. Income audit analysts work within a company and are considered internal auditors.
- Income auditors balance income records and prepare summary reports of income. They may also prepare daily labor reports and double check the accuracy of other, completed audits. They may also help with other month-end accounting duties.
- Income audit positions are typically entry-level. Having a bachelor's degree in accounting or a similar field is very helpful in landing an income audit analyst position. However, an associate degree, accounting certifications and accounting experience can also be enough to become an income audit analyst.
- The U.S. Bureau of Labor Statistics reports that between 2008 and 2018, auditor jobs will increase much faster than the rate of job growth for other occupations. Those with knowledge of accounting software and computers, as well as those with college degrees and certifications in accounting should have an easier time finding a position. Those working in the field of accounting and auditing in the 10th salary percentile earned up to $38,940, according to the BLS as of May 2010. The median salary was $61,690, and the 90th percentile earned at least $106,880. Income audit analysts can expect to earn in the lower reaches of this salary range.
