Traveling Auditor - Explained
What is Traveling Auditor?
Written by Jason Gordon
Updated at April 7th, 2022
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
- Courses
Table of Contents
What is a Traveling Auditor?What Does a Traveling Auditor Do? Academic Research for Traveling AuditorWhat is a Traveling Auditor?
A traveling auditor is any individual who spends an amount of time conducting audits in distant areas. This individual gathers the accounting data of a firm or company to file financial status reports and locate any form of misconduct in management or the business in general. Traveling auditors make sure that everything a business says about itself is accurate, like their inventory, securities, and checks. They also provide advice on the proper management of data, system reliability, integrity, etc.
What Does a Traveling Auditor Do?
A traveling auditor makes sure that company records are being prepared in an accurate manner. This auditor also examines a company's tax system and finance to determine liability using knowledge of discounts, expenses, annuities, and stocks and bonds. A traveling auditor requires economic and accounting knowledge, as he or she is expected to conduct research on taxpayer accounts such as tax returns, tax records, and other related documents. According to the 2010 Bureau of Labor Statistics, the average salary for a traveling auditor is $68,960, putting their hourly rate at $33.15.
