Traveling Auditor - Definition
Written by Jason Gordon
Updated at December 16th, 2020
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Traveling Auditor Definition
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.
A Little More on What is a Traveling Auditor
A traveling auditor makes sure that company records are being prepared in an accurate manner. This auditor also examines a companys 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.
References for Traveling Auditor
https://www.investopedia.com ... Corporate Finance & Accounting Accountinghttps://www.accountingtools.com/articles/2017/5/15/traveling-auditorhttps://www.wayup.com/guide/caq-887716-day-in-the-life-auditor-sponsored-3/
Academic research for Traveling Auditor
The traveling auditor, Joyce, H. W. (1921). The traveling auditor. Journal of Accountancy (pre-1986), 32(000005), 342. Portable tools for the traveling auditor, Kaplan, J. M., & Evart, B. (1992). Portable tools for the traveling auditor. Internal Auditor, 49(3), 17-20. Travelling audit's fault lines: a new architecture for auditing standards, Hatherly, D. J. (2009). Travelling audit's fault lines: a new architecture for auditing standards. Managerial Auditing Journal, 24(2), 204-215. Internal Auditing in Mid-Nineteenth Century Railroad Companies: Comparing the Practices of American and British Railroads, Kasukabe, M., Sawanobori, C., & Aihara, M. (2015). Internal Auditing in Mid-Nineteenth Century Railroad Companies: Comparing the Practices of American and British Railroads. Available at SSRN 2655258. Outsourcing may Significantly Change the Nature of Information System16S Auditing, Menkus, B. (1995). Outsourcing may Significantly Change the Nature of Information System16S Auditing. EDPACS: The EDP Audit, Control, and Security Newsletter, 22(8), 10-16. Chinese industrial co-operatives, general report, May 1939, Kai-Shek, M. C. (1939). Chinese industrial co-operatives, general report, May 1939.