What does a Principal Auditor do?

Auditors are responsible for tracking the cash flow and accounts of companies to ensure that they are being recorded and processed correctly, that assets are protected through appropriate control measures, and that financial records meet legal standards. Auditors can work in both the public and private sector as an internal audtor, an external auditor, or an independent auditor.

Most auditors have a Bachelor's degree in accounting or finance. Additionally, many auditors also have a Certified Public Accountant (CPA) credential, which is obtained by passing a national exam and a completing a minimum number of college coursework hours. Auditors need to have a keen eye for detail, a strong ability to work under pressure, and a knack for problem solving.

What responsibilities are common for Principal Auditor jobs?
  • Develop audit objectives, plans, and scope by reviewing available information and conducting research
  • Help design, implement, and maintain internal audit procedures and risk assessment processes
  • Prepare audit findings, write audit reports, and develop recommendations
  • Ensure complaince with all applicable plans, policies, and standards
  • Stay current on industry trends, and best accounting and audit practices
  • Ensure accuracy of financial information
  • Follow up on audit recommendations
What are the typical qualifications for Principal Auditor jobs?
  • Bachelor's degree in Accounting, Finance, or related field. CPA preferred.
  • 3-6 years experience in financial accounting, auditing, or a combination thereof, preferably in public accounting
  • Strong understanding of accounting, banking laws, regulations, and internal controls
  • Sound understanding of audit theories, principles, and practices
  • Familiarity with general accounting practices and techniques
  • Strong interpersonal skills, critical thinking skills, and time management skills
  • Proficient verbal and written communication skills
  • Comfortability working in a collaborative environment
  • Proficient in Microsoft Office applications
EducationBachelor's Degree
Work/Life Balance
3.0 ★
Total Pay--
Career Opportunity
3.9 ★
Avg. Experience0-1 year

How much does a Principal Auditor make?

$145,057 /yr
Total Pay

Base Pay


Additional Pay


 / yr
Most Likely Range
Possible Range
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Principal Auditor Career Path

Learn how to become a Principal Auditor, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

Principal Auditor
Associate Director of Auditing
Principal Auditor

Years of Experience Distribution

0 - 1
2 - 4
5 - 7
Not including years spent in education and/or training

Principal Auditor Insights

Read what Principal Auditor professionals have to say about their job experiences and view top companies for this career.
Audit Staff
May 21, 2021

“Everyone who works here is highly ambitious and motivated to further their career and expertise.”

Frazer, LLPFrazer, LLP
Audit Associate
Jun 1, 2021

“Since I left I’ve been hired at another firm and everyone is so nice and respectful.”

Figliozzi & CompanyFigliozzi & Company
Staff Auditor
Jan 31, 2022

“No matter what you do for this partner it is never good enough and never will be.”

Senior Audit Associate
Jun 7, 2021

“Looks good on CV / with recruiters / experience is good but varied depending on which team you work with.”

VP Audit
Jan 26, 2023

“Rude junior management is well known element you have to work around to be successful.”

Senior Auditor
Oct 8, 2021

“Good place to start a career with attractive salary (in regions) and ability to get good experience.”

Audit Senior Associate
Dec 9, 2022

“The compensation does not match what you would get in industry and overtime is expected but not paid.”

Audit Senior
Oct 27, 2021

“Management is terrible and it is not a place for people trying to grow a career or learn.”

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Principal Auditor Interviews

Frequently asked questions about the role and responsibilities of auditors

An auditor reviews financial records for an organization to ensure their accuracy and the company's compliance with tax laws. The typical day of an auditor includes looking for errors in record-keeping and accounting methods and making recommendations to improve operational efficiencies and protect businesses from fraud. Auditors aim to reduce their clients' financial risk of penalties.

Auditing is a stable career option that offers opportunities for growth and advancement. Consulting auditors can set their own work hours and charge higher rates for their expertise. One of the best parts of being an auditor is a supportive and positive work atmosphere. Additionally, auditors can typically achieve a good work-life balance.

The average salary for an auditor is $145,057 per year. Their earning potential is similar to that of an accountant, as the two roles often work closely together. Other factors that impact the earning potential of auditors include work experience, education level, and the size of the company for which they provide services.

Working as an auditor can be challenging because it involves looking for and pointing out errors to high-level professionals. One of the biggest challenges of being an auditor is interacting with people who don't know they're making financial mistakes or are unhappy with the auditor pointing out their errors.

Related Careers

Internal Auditor
25% skills overlap
It Auditor
38% skills overlap
13% skills overlap
Chief Financial Officer
No skills overlap

Principal Auditor Jobs