Financial Auditing is the process of examining an organization’s (or an individual’s) financial records to determine whether they are accurate and in accordance with applicable rules (including accepted accounting standards), regulations, and laws.
Auditors, whether internal or external, are responsible for examining the accounting and financial records and providing an independent opinion on these records and helping to improve the internal processes of a company or public entity such as operations, internal controls, risk management and governance.
Due to the great importance of auditing processes within companies today and the great demand for trained professionals in the area, many universities have developed a Bachelor of Science in Auditing program among their career options.
Many of these degree programs are offered free of charge or financed through scholarships.Many universities offer international options to obtain this degree, and online classes are a good option for those living in remote areas and for those who need a flexible schedule.
A free Bachelor Degree in Auditing prepares students in the areas of accounting and auditing. They will be able to work in careers that involve internal and external audits in a structured and intensive manner, for companies and organizations.
Students in this degree program learn about the laws that control documentation and performance regulation. They often study taxation, information systems, accounting, government systems, financial reporting, and principles of both external and internal auditing.
What is and What Does a Bachelor in Auditing Do ?
A Bachelor of Audit is a person who has successfully graduated from a university academic study program specialized in the area of audit. The holder of this accreditation is qualified to carry out intensive and detailed investigations of the finances and accounting of a company or public entity.
Audit graduates have a solid knowledge of taxes, information systems, accounting, government systems, financial reporting, and auditing principles, both external and internal.
Audit graduates develop intellectual and practical skills in the analysis, interpretation and application of advanced accounting, governance and control principles and internal audit.
These professionals use technology-driven techniques in the field of forensic accounting and forensic auditing. Audit graduates have the opportunity to obtain specific professional certifications as Certified Internal Auditors, Certified Financial Services Auditors and Certified Government Auditing Professionals.
Internal auditors work for the organization as in-house employees to examine records and help improve internal processes such as operations, internal controls, risk management and governance.
External auditors come from outside the organization to examine accounting and financial records and provide an independent opinion on these records. Public companies are required by law to have their financial statements externally audited.
Bachelor Degree in Auditing Program, Subjects and Content
These are some of the topics that can be included in the programmatic content of a Bachelor Degree in Auditing:
- Audit and Control of Information Systems
- Professional internal audit
- Fraud screening
- Complete accounting cycle
- End of period statements
- Bank reconciliation
- Small box
- Federal Taxes
- Audit of accounts
- Finance Principals
- Business law
- Quantitative methods and analysis
- Advanced financial management
How Long Does the Bachelor Degree in Auditing Take ?
The time required to obtain a Bachelor of Science in Auditing degree generally takes three to six years.
Where Can I Work with the Auditing Career ?
A Licensed Auditor will perform financial record keeping, tax payments and administration, information systems and management control for companies of different sizes and revenues, as well as audit firms.
Internal auditors usually work in the private sector, either independently or as members of an accounting team. Their services are employed by commercial firms, professional firms subcontracted by client companies, corporations, charities and others.
External auditors usually work for government agencies or as partners of certified accounting firms.
Countries and Cities Where You Can Study the Bachelor Degree in Auditing for Free Obtaining a Scholarship
- South Africa
Institutes, Centers and Universities where the Bachelor Degree in Auditing is possibly given free of charge, through scholarships
Degree in Accounting, Analysis and Auditing
- Vietnam National University, Hanoi – International School
- Hanoi, Vietnam.
Bachelor of Science in Accounting and Auditing
- British Technical University of Kazakhstan (KBTU)
- Almaty, Kazakhstan.
Degree in Internal Audit
- University of Johannesburg
- Johannesburg, South Africa.
Bachelor of Science in Financial Control and Audit
- Arab University of Amman
- Amman, Jordan.
Bachelor of Science in Audit and Management Control
- African Institute of Management
- Dakar, Senegal.
Degree in Accounting and Auditing
- Azerbaijan State University of Economics
- Baku, Azerbaijan.
Bachelor of Audit
- Duoc UC
- Santiago, Chile.
Degree in Accounting, Auditing and Taxation
- University of Maribor
- Maribor, Slovenia.
Bachelor Degree in Auditing Reference Prices
The prices of the Degree in Auditing can be varied. The prices of these degrees are between $1,285 and $22,060 per year. In some cases it can have a higher cost.
The cost of this degree will vary according to the country where it is taught, the institution or university that teaches the degree, the modality, the duration and the materials provided during the study, among other factors.
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