Considering a Career Transition to Auditing?
I’m looking to transition into a career in auditing and could use some guidance on how to do so without prior experience. I hold a bachelor’s degree in Accounting from a four-year university, but it’s been challenging to consider going back to school while working full-time and managing my finances—I graduated back in 2015.
Recently, I interviewed for an internal Audit position at my current company, but unfortunately, I wasn’t selected because I lacked the direct experience they were seeking. It was disappointing, especially since I was really enthusiastic about this new direction. It’s disheartening to think that without experience, I may struggle to shift careers. I never pursued opportunities with the Big 4 firms, but I genuinely believe that auditing aligns well with my skills and work ethic.
To prepare myself, I’ve enrolled in an advanced Accounting course online this semester in pursuit of a CPA. However, it’s been a frustrating experience—my professor doesn’t provide lectures or online classes, which I wasn’t aware of beforehand. As a result, I’ve been trying to learn solely from the textbook, and while the concepts aren’t overly complicated, I’m finding it tricky to know when to apply certain principles like fair value, book value, controlling interest, and premiums.
So, I’m reaching out to see if anyone here has made a successful transition into auditing from another area of Accounting. How did you navigate this change? Is returning to school essential, or can you break into auditing without it? Also, is becoming a CPA a requirement for auditors? Any insights would be greatly appreciated!
One response
Making a career change into Audit can be challenging but certainly achievable, especially with your background in Accounting. Here are some steps and tips that might help you navigate this transition:
Leverage Your Existing Skills: Since you have a bachelor’s degree in Accounting, you already have a strong foundation. Highlighting your analytical skills, attention to detail, and any relevant coursework can help demonstrate your suitability for auditing roles.
Network with Auditing Professionals: Connect with people in the auditing field, whether through LinkedIn or professional organizations. Networking can provide insights into the industry and may lead to job opportunities. Don’t hesitate to reach out for informational interviews.
Consider Gaining Related Experience: While you’re pursuing your CPA, look for opportunities to gain relevant experience even outside of a formal auditing role. This could include working on compliance, risk management, or even internal controls within your current position. Sometimes, this experience can be leveraged as relevant to an auditing role.
Learn the Lingo: Since you’re taking advanced Accounting, it might help to supplement your learning with additional resources. Look for online courses or tutorials that can provide more structured guidance, especially on specific areas like fair value measurements or controlling interests.
Utilize Online Communities: Online forums and platforms such as Reddit or professional accounting forums can be valuable for advice, study resources, and peer support as you navigate this shift.
Explore Internship or Entry-Level Opportunities: Since gaining direct experience can be tough, consider looking for internships or entry-level positions in internal or external Audit roles. These positions may be more accessible and can act as stepping stones into the field.
Understand the CPA Requirements: While not all auditors are CPAs, obtaining your CPA can enhance your credibility and job prospects. Research the specific requirements in your state or country, as it varies.
Stay Persistent and Positive: Career changes often come with setbacks, but staying resilient and keeping your goals in sight is key. Revisit your application materials and practice interview skills to improve your chances in future opportunities.
Remember, many professionals have transitioned into auditing from different backgrounds, so don’t lose hope. Your dedication to pursue advanced accounting is already a step in the right direction. Good luck!