how much does an auditor earn?

burtslimpslon

Plain and simple do they earn a lot?and compared to other types of accountant do they earn a lot? Thanks

myshirt

Like anything in life, it depends how good you are.

I will tell you one thing though, there are a lot of bluffers in this world, overpaid and underworked, but of all jobs in this world, you won't get away with bluffing as an auditor. If you are sh!t, you will get caught out quick. There's no hiding in the background, tipping away on a handy enough wage. Instead, you either absolutely bust your bollox working, or you find yourself out of the profession.

dbran

Not enough!

Its a service that is hard to sell as most clients view it as just an extra bit of compliance that they have to go through because they have become a larger company or they are late filing in the CRO. Consequently it is hard to make a good fee out of it.

dbran

Marcusm

burtslimpslon wrote: »

Plain and simple do they earn a lot?and compared to other types of accountant do they earn a lot? Thanks

Somewhere between €30k and €900k I would expect.

Jim2007

myshirt wrote: »

If you are sh!t, you will get caught out quick. There's no hiding in the background, tipping away on a handy enough wage. Instead, you either absolutely bust your bollox working, or you find yourself out of the profession.

Well speaking as a Senior Software Engineer and an FCA, I'd say it is far easier to hide out in audit that software engineering. But then I'd expect most people would say the same of their own profession

Tombo2001

will be interested to see if anyone answers with an actual figure.....in other words, do any of the posters actually know the answer.

its not a 'how long is a piece of string question?'.....

Jim2007

Tombo2001 wrote: »

will be interested to see if anyone answers with an actual figure.....in other words, do any of the posters actually know the answer.

its not a 'how long is a piece of string question?'.....

Well according to the Leinster Chartered Accountants survey that average for an Audit senior/Junior Manager is about 45K... with a range from 37K to 52K.

Marcusm

Tombo2001 wrote: »

will be interested to see if anyone answers with an actual figure.....in other words, do any of the posters actually know the answer.

its not a 'how long is a piece of string question?'.....

I'm sorry but I think my estimate will cover a newly qualified in a small firm up to a senior partner in Big 4; the spread is that large.

Jim2007

Marcusm wrote: »

I'm sorry but I think my estimate will cover a newly qualified in a small firm up to a senior partner in Big 4; the spread is that large.

It really depends if the senior partner is a salaried partner or has profit sharing rights... It seems there are a lot more salaried positions these days from what I hear

Marcusm

Jim2007 wrote: »

It really depends if the senior partner is a salaried partner or has profit sharing rights... It seems there are a lot more salaried positions these days from what I hear

I think it's fair to say that a salaried partner is by definition not particularly senior (except possibly in age)!

smcgiff

Tombo2001 wrote: »

its not a 'how long is a piece of string question?'.....

Actually, that describes the question perfectly.

Jim2007

Marcusm wrote: »

I think it's fair to say that a salaried partner is by definition not particularly senior (except possibly in age)!

Well let's just say from the few people I know in those positions of recent - the pie has got smaller and getting a share in the pie more difficult

Tombo2001

smcgiff wrote: »

Actually, that describes the question perfectly.

So its not possible to say that a qualified auditor with X years experience and Y level of seniority can expect to earn a wage of roughly Z......?

I find that hard to believe.

I certainly know in any industry I've worked in what salary levels are.

If you are working in the accountancy industry, you've be fairly stupid not to find out what expected salary levels are.

Otherwise you run the risk of selling yourself short when salary negotiations take place.

dbran

Hi

Most people become qualified accountants and do not go on to become licenced to practice as auditors. It is just not everyone's cup of tea.

An auditor who has a practicing certificate will always be self employed and as with all self employment you earn what you can get.


dbran

Marcusm

Tombo2001 wrote: »

So its not possible to say that a qualified auditor with X years experience and Y level of seniority can expect to earn a wage of roughly Z......?

I find that hard to believe.

I certainly know in any industry I've worked in what salary levels are.

If you are working in the accountancy industry, you've be fairly stupid not to find out what expected salary levels are.

Otherwise you run the risk of selling yourself short when salary negotiations take place.

And maybe you only have experience of industries with static pay levels and a high degree of homogeneity; that cannot be applied here.

Years of experience and seniority are not the only factors - the size and geographic location of the firm together with the industry practice group (for larger firms) will have a significant influence. I know of one audit manager in a mid tier firm who was well regarded but who has chosen to take a 50% paycut to work in his commuter town rather than continuing to commute. His years of experience and seniority remain the same.

Jim2007

Tombo2001 wrote: »

So its not possible to say that a qualified auditor with X years experience and Y level of seniority can expect to earn a wage of roughly Z......?

I find that hard to believe.

I certainly know in any industry I've worked in what salary levels are.

If you are working in the accountancy industry, you've be fairly stupid not to find out what expected salary levels are.

Otherwise you run the risk of selling yourself short when salary negotiations take place.

OK, since you seem to have missed the link I posted first time around....

Here is the most recent survey by the Leinster Chartered Accountants, it should give you some idea.

TitianGerm

Jim2007 wrote: »

OK, since you seem to have missed the link I posted first time around....

Here is the most recent survey by the Leinster Chartered Accountants, it should give you some idea.

Do you know if the LCA produce a similar report relating to trainee accountant salary ? I'll be due a review after my CAP 2 in June and want to get some standard info I could use in negotiations

CIARAN_BOYLE

emmetkenny wrote: »

Do you know if the LCA produce a similar report relating to trainee accountant salary ? I'll be due a review after my CAP 2 in June and want to get some standard info I could use in negotiations

There is a recommendation as to the minimum increment in the chartered accountant training package

Link here
http://students.charteredaccountants.ie/en/Student-Information/Training-Organisations/Important-Firm-Information-/

TitianGerm

CIARAN_BOYLE wrote: »

There is a recommendation as to the minimum increment in the chartered accountant training package

Link here
http://students.charteredaccountants.ie/en/Student-Information/Training-Organisations/Important-Firm-Information-/

Thanks for that. At least I have a basis to start negotiations.

Tombo2001

Marcusm wrote: »

And maybe you only have experience of industries with static pay levels and a high degree of homogeneity; that cannot be applied here.

Years of experience and seniority are not the only factors - the size and geographic location of the firm together with the industry practice group (for larger firms) will have a significant influence. I know of one audit manager in a mid tier firm who was well regarded but who has chosen to take a 50% paycut to work in his commuter town rather than continuing to commute. His years of experience and seniority remain the same.

I think its fairly well known that wages are higher in capital cities than in the country.

The 50% pay cut you are referring to would apply to a lot of industries.

barneystinson

Tombo2001 wrote: »

I think its fairly well known that wages are higher in capital cities than in the country.

The 50% pay cut you are referring to would apply to a lot of industries.

So you're acknowledging the impossibility of answering your OP then..?

Given that it's far too vague, and there is likely to be such variability depending on location alone.

smcgiff

Jim2007 wrote: »

Well according to the Leinster Chartered Accountants survey that average for an Audit senior/Junior Manager is about 45K... with a range from 37K to 52K.

Hi Jim,

An audit senior or Junior Manager may not be auditors (most likely not). They work in audit, but would not sign off on the actual audit.

While some auditors may be employees (and probably not taken into account in that survey), I would think most of them would be self employed.

And, as with any self employed person... It really depends on what business they can drum up.

Audit partners in the big four globally could be earning millions a year, whereas a sole trader auditor might not be making a whole lot.

Therefore, string, how long it may be is pretty much the same question.

MrSzyslak

I know this isnt Auditors, its chartered Accountants in industry but any jobs you see with salary mentioned on websites likes jobs.ie, are no where near this average figure of 87,500.

http://www.independent.ie/business/irish/accountants-earn-87500-on-average-survey-shows-29497076.html

http://leinster.charteredaccountants.ie/en/News/Salary-Survey-2013/

smcgiff

MrSzyslak wrote: »

I know this isnt Auditors, its chartered Accountants in industry but any jobs you see with salary mentioned on websites likes jobs.ie, are no where near this average figure of 87,500.

http://www.independent.ie/business/irish/accountants-earn-87500-on-average-survey-shows-29497076.html

http://leinster.charteredaccountants.ie/en/News/Salary-Survey-2013/

I have wondered about that myself. Maybe, when you get one of these jobs you just don't leave, hence not appearing on jobs.ie etc.

Also, possibly skewed by some really big earners.

MrSzyslak

smcgiff wrote: »

I have wondered about that myself. Maybe, when you get one of these jobs you just don't leave, hence not appearing on jobs.ie etc.

Also, possibly skewed by some really big earners.

Possibly big contracts signed during the boom years too, new contracts now at much smaller salaries, not sure though some big figures been throw around.

OP from your other posts you seem to be considering college and career options. While salary is undoubtedly important don't choose a college course based on an expected income afterwards. You might find that you hate auditing in practice.

An omnibus entry course like Commerce or Arts might lend itself to alternative careers you haven't considered.

levi

Deleted User wrote: »

OP from your other posts you seem to be considering college and career options. While salary is undoubtedly important don't choose a college course based on an expected income afterwards. You might find that you hate auditing in practice.

An omnibus entry course like Commerce or Arts might lend itself to alternative careers you haven't considered.

Might?