External Auditors design and operate information and reporting systems, procedures and controls to meet external financial reporting requirements.
Identifies, manages and reports on financial risks.
Assists with equity management, debt management, securities and taxation planning issues.
Collects, analyses and interprets information on the financial standing, cost structures and trading effectiveness of organisations.
Devises, re-organises and establishes budgetary cost control and other accounting systems such as computer-based systems.
Conducts audits and investigations and prepares financial statements and reports for management, shareholders, and governing and statutory bodies.
Evaluates the cost effectiveness and risks of operational processes, activities, policies and systems.
Establishes audit objectives, and designs and implements audit methodologies, processes and audit report criteria.
Vocational Education and Training (VET)
The NSC produces employment projections to show where likely future job opportunities may be. Employment projections data are only produced for occupations at the broad four digit Australian and New Zealand Standard Classification of Occupations (ANZSCO) level. While data are not available for this occupation, projections data are available for the parent occupation, Auditors, Company Secretaries and Corporate Treasurers, under the outlook section.
Earnings and hours
Around 87% of people employed as External Auditors work full-time hours, in all their jobs combined. This is 21 percentage points above the all jobs average (66%).
Full-time workers work an average of 44 hours per week in their main job. This is the same as the all jobs average.
Sources:Full-time share and full-time hours: ABS, 2016 Census, customised report. Compared to the all jobs average.
Employment across Australia
Employment by State and Territory (% Share)
|State||External Auditors||All Jobs Average|
Around 82% of External Auditors live in capital cities, compared with the all jobs average of 62%.
New South Wales has a large share of employment relative to its population size.
The regions with the largest share of workers are:
- Melbourne - Inner
- Sydney - North Sydney and Hornsby
- Sydney - City and Inner South
- Australian Capital Territory
- Melbourne - South East.
Source: Based on ABS Census 2016, Customised Report. Share of workers across Australian states, territories and regions, in this job compared to the all jobs average.
Age and gender
The median age of External Auditors is 36 years. This is younger than the all jobs average of 40 years.
A large share of workers are aged 25 to 34 years.
Females make up 46% of the workforce. This is similar to the all jobs average of 48%.
Source: Based on ABS Census 2016, Customised Report. Age profile and gender share compared to the all jobs average.
Age Profile (% Share)
|Age Bracket||External Auditors||All Jobs Average|
|65 and Over||3.3||4.2|
Source: Based on ABS Census 2016, Customised Report. Age profile of workers in this job compared to the all jobs average.
Education, training and experience
A bachelor degree in accounting is usually needed to work as an External Auditor. Some workers have a Vocational Education and Training (VET) qualification.
Registration with the Australian Securities and Investments Commission is required.
- Course Seeker to search and compare higher education courses.
- ComparED to compare undergraduate and postgraduate student experiences and outcomes.
- My Skills to compare Vocational Education and Training (VET) courses, providers and student outcomes.
- AAPathways website to explore Financial Services VET training pathways.
Highest Level of Education (% Share)
|Type of Qualification||External Auditors||All Jobs Average|
|Post Graduate/Graduate Diploma or Graduate Certificate||22.7||10.1|
|Year 10 and below||2.3||12.5|
Source: ABS Census 2016, Customised Report. Highest qualification completed by workers in this job (in any field of study). Qualifications needed by new workers might be different from the qualifications of workers already in the job.
Skills and Knowledge
Employers look for Auditors, Company Secretaries and Corporate Treasurers who have strong attention to detail, are organised and work independently.
Skills can be improved through training or experience.
Reading work related information.
Listening to others, not interrupting, and asking good questions.
Thinking about the pros and cons of different ways to solve a problem.
Talking to others.
Writing things for co-workers or customers.
57%Complex problem solving
Noticing a problem and figuring out the best way to solve it.
57%Judgment and decision making
Figuring out the pros and cons of different options and choosing the best one.
Using maths to solve problems.
Measuring how well a system is working and how to improve it.
Being able to use what you have learnt to solve problems now and again in the future.
Keeping track of how well work is progressing so you can make changes or improvements.
Managing your own and other peoples' time to get work done.
Talking people into changing their minds or their behaviour.
Figuring out how a system should work and how changes in conditions, operations, and the environment will affect it.
Teaching people how to do something.
50%Management of personnel resources
Motivating, developing, and directing people as they work, and choosing the best people for the job.
48%Coordination with others
Being adaptable and coordinating work with other people.
Bringing people together and trying to sort out their differences.
Looking for ways to help people.
Understanding why people react the way they do.
These are important topics, subjects or knowledge areas.
92%Economics and accounting
Economics and accounting, the financial markets, banking and checking and reporting of financial data.
Arithmetic, algebra, geometry, calculus, or statistics.
English language including the meaning and spelling of words, rules of composition, and grammar.
68%Administration and management
Business principles involved in strategic planning, leadership, and coordinating people and resources.
68%Customer and personal service
Understanding customer needs, providing good quality service, and measuring customer satisfaction.
63%Education and training
Curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
61%Computers and electronics
Circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
55%Personnel and human resources
Recruiting and training people, managing pay and other entitlements (like sick leave), and negotiating pay and conditions.
Word processing, managing files and records, stenography and transcription, designing forms, and other office work.
54%Law and government
How our laws and courts work. Government rules and regulations, and the political system.
52%Sales and marketing
Showing, promoting, and selling including marketing strategy, product demonstration, sales techniques, and sales control systems.
Human behaviour; differences in ability, personality, and interests; learning and motivation; research methods; assessing and treating disorders.
32%Communications and media
Media production, communication, and dissemination. Includes written, spoken, and visual media.
22%Production and processing
Raw materials, production processes, quality control, costs, and ways of making and distributing goods.
Transmission, broadcasting, switching, control, and operation of telecommunications systems.
Describing land, sea, and air, including their physical characteristics, locations, how they work together, and the location of plant, animal, and human life.
16%Sociology and anthropology
Group behaviour and dynamics, societal trends and influences, human migrations, ethnicity, cultures and their history and origins.
Moving people or goods by air, rail, sea, or road.
Design techniques, tools, and principles used to make detailed technical plans, blueprints, drawings, and models.
12%History and archeology
Events of the past, their causes, how we learn about them, and how they influence the way we live today.
Workers use these physical and mental abilities..
Use general rules to find answers or solve problems logically.
Communicate by speaking.
Use lots of detailed information to come up with answers or make general rules.
See details that are up-close (within a few feet).
Read and understand written information.
Choose the right maths method or formula to solve a problem.
Listen to and understand what people say.
Notice when something is wrong or is likely to go wrong, even if you can't solve the problem.
59%Working with numbers
Add, subtract, multiply, or divide.
Write in a way that people can understand.
57%Sorting or ordering
Order or arrange things in a pattern or sequence (e.g., numbers, letters, words, pictures, mathematical operations).
Identify and understand the speech of another person.
Come up with different ways of grouping things.
Speak clearly so others can understand you.
Come up with a number of ideas about a topic, even if the ideas aren't very good.
52%Flexibility of closure
See a pattern (a figure, object, word, or sound) hidden in other distracting material.
Come up with unusual or clever ideas, or creative ways to solve a problem.
Remember things like words, numbers, pictures, and procedures.
Use your eyes to quickly compare groups of letters, numbers, pictures, or other things.
Pay attention to something without being distracted.
These are kinds of activities workers regularly do in this job.
84%Keeping your knowledge up-to-date
Keeping up-to-date with technology and new ideas.
80%Checking compliance with standards
Deciding whether events or processes comply with laws, regulations, or standards.
80%Making decisions and solving problems
Using information to work out the best solution and solve problems.
80%Planning and prioritising work
Deciding on goals and putting together a detailed plan to get the work done.
78%Collecting and organising information
Compiling, coding, categorizing, calculating, tabulating, auditing, or checking information or data.
78%Making sense of information and ideas
Looking at, working with, and understanding data or information.
77%Researching and investigating
Looking for, getting and understanding different kinds of information.
76%Giving expert advice
Providing guidance and expert advice to management or other groups.
75%Building good relationships
Building good working relationships and keeping them over time.
74%Communicating within a team
Giving information to co-workers by telephone, in writing, or in person.
73%Looking for changes over time
Comparing objects, actions, or events. Looking for differences between them or changes over time.
71%Coaching and developing others
Working out the needs of others and coaching, mentoring, or helping them to improve.
71%Coordinating the work of a team
Getting members of a group to work together to finish a task.
70%Documenting or recording information
Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
70%Scheduling work and activities
Working out the timing of events, programs, and activities, as well as the work of others.
69%Guiding and directing staff
Guiding and directing staff, including setting and monitoring performance standards.
67%Communicating with the public
Giving information to the public, business or government by telephone, in writing, or in person.
66%Explaining things to people
Helping people to understand and use information.
65%Leading and encouraging a team
Encouraging and building trust, respect, and cooperation among team members.
59%Working with computers
Using computers to program, write software, set up functions, enter data, or process information.
Interests and demands
Learn about the daily activities, and physical and social demands faced by workers. Explore the values and work styles that workers rate as most important.
Interests are the style or type of work we prefer to do. All interest areas are shown below.
Following set procedures and routines. Working with numbers and details more than with ideas, usually following rules.
Starting up and carrying out projects. Leading people and making many decisions. Sometimes require risk taking and often deal with business.
Ideas and thinking. Searching for facts and figuring out problems in your head.
Working with people. Helping or providing service to others.
Practical, hands-on work. Often with plants and animals, or materials like wood, tools, and machinery.
Working with forms, designs and patterns. Often need self-expression and can be done without following rules.
Work alone and make decisions. Workers are able to try out their own ideas, make decisions on their own, and work with little or no supervision.
Results oriented. Workers are able to use their strongest abilities, giving them a feeling of accomplishment.
Advancement and the potential to lead. Workers are recognised for the work that they do, they may give directions and instructions to others, and they are looked up to in their company and their community.
Serve and work with others. Workers usually get along well with each other, do things to help other people, and are rarely pressured to do things that go against their sense of right and wrong.
Supportive management that stands behind employees. Workers are treated fairly by their company, they are supported by management, and have supervisors who train them well.
Job security and good working conditions. There is usually a steady flow of interesting work, and the pay and conditions are generally good.
Use electronic mail.
Talk with people face-to-face.
Talk on the telephone.
Work with people in a group or team.
91%Indoors, heat controlled
Work indoors with access to heating or cooling.
90%Being exact or accurate
Be very exact or highly accurate.
90%Contact with people
Have contact with people by telephone, face-to-face, or any other way.
90%Spend time sitting
Spend time sitting at work.
88%Letters and memos
Write letters and memos.
85%Impact of decisions
Make decisions that have a large impact on other people.
79%Responsible for outcomes
Take responsibility for the results of other people's work.
Compete with others, or be aware of competitive pressures.
78%Frequent decision making
Frequently make decisions that impact other people.
78%Lead or coordinate a team
Lead others to do work activities.
Work to strict deadlines.
72%Contact with the public
Work with customers or the public.
72%Freedom to make decisions
Have freedom to make decision on your own.
Have freedom to decide on tasks, priorities, and goals.
71%Repeating same tasks
Repeat the same tasks or activities (e.g., key entry) over and over, without stopping.
62%Physically close to people
Work physically close to other people.
O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
The skills and importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 13-2011.02 - Auditors.