Accountants and Auditors


Health Science > Accountants and Auditors > Overview
Occupation is in demand.
110800
100001
Accountants and Auditors

Accountants and Auditors - Overview

Accountants and auditors assemble, analyze, and check the accuracy of financial information.

All accountants and auditors must know the rules and regulations in their area. The rules change frequently. Accountants and auditors must regularly take training to keep their knowledge up to date.

Accountants often specialize in one of the following fields:

  • Government
  • Management
  • Public

Government accountants

Government accountants maintain and examine the records of government agencies. They must follow special procedures and regulations. Accountants in this area may write reports for government officials. Government auditors check the tax records of businesses and individuals.

Management accountants

Management accountants work for corporations. These accountants work as part of their company's management team and help make decisions. They give the team advice about how certain financial changes may affect the company. They record and analyze the business's financial information. In addition, they create budgets, and manage costs and assets.

Public accountants

Public accountants have their own businesses or work for accounting firms. Their clients are individuals or businesses. Public accountants provide accounting, auditing, tax, and consulting services. For example, they examine business operations such as revenues and costs. They go over financial records to make sure the information is correct. They may develop accounting systems for clients.

Auditors often specialize in one of the following fields:

  • External 
  • Internal

External auditors

External auditors are hired by an outside organization to check how a company handles its money, earns income, and keeps things like financial data and cybersecurity safe. They do not work for the company they are checking. 

Internal auditors

Internal auditors generally work for a company. They check that the company's financial records are correct. They also check for waste or fraud, and help find ways to prevent financial loss.

Source: Illinois Career Information System (CIS) brought to you by Illinois Department of Employment Security.