How to Become a Retail Auditor

Every piece of inventory must be counted in a physical audit.

Auditing is the process of matching a company's records to its physical assets. This method of double-checking the books ensures the accuracy of a company's records and maximizes its potential for profits. Retail outlets have a need for both financial auditors, who compare bills, invoices and bank records with the company's ledgers, as well as physical auditors, who compare the actual inventory to the records kept by the company. You can become a retail auditor and assist companies in one, or both, of these areas of accuracy.

Instructions

1. Choose between financial and inventory auditing. Financial auditors compare financial records to find discrepancies. Inventory auditors track physical goods from receipt to delivery. Retail outlets need both types of auditors to be successful.

2. Obtain a bachelor's degree in accounting from a university, community college or accredited online school. A degree is not necessary but will accelerate your hiring and advancement potential as an auditor.

3. Apply to the Institute of Internal Auditors or other governing body for certification. Present your credentials and take the certification exam to be ranked as a professional auditor. Some of the certifying bodies require payment to sit for the examination. Contact various groups to learn which is the most prestigious and cost effective for your situation.

4. Get a job as an inventory control or accounts payable clerk. These positions offer the opportunity to gain the experience to obtain a position as an entry-level auditor after several years.

Tips & Warnings

• An inaccurate or fraudulent audit can destroy the credibility of a company or send it into bankruptcy. Always be completely honest and accurate in all of your audit reports.

References

• Education-Portal.com; How to Become a Retail Auditor; 2011