Occupation Summary

Accountants and Auditors

O*NET 13-2011.00

Description:

Examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. Install or advise on systems of recording costs or other financial and budgetary data.

Annual Wages:
$87,305.00
Employment Rate:
Employment is expected to increase by 20.18%.
Education Level:
Bachelor's Degree. According to O*Net, the majority of people employed in this occupation have this level of education.
Endorsement:
Business and Industry, Science Technology Engineering and Math (STEM)

  1. Prepare detailed reports on audit findings.
  2. Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
  3. Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
  4. Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
  5. Supervise auditing of establishments, and determine scope of investigation required.
  6. Confer with company officials about financial and regulatory matters.
  7. Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
  8. Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.
  9. Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.
  10. Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
  11. Prepare adjusting journal entries.
  12. Review accounts for discrepancies and reconcile differences.
  13. Establish tables of accounts and assign entries to proper accounts.
  14. Examine inventory to verify journal and ledger entries.
  15. Analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice.
  16. Report to management regarding the finances of establishment.
  17. Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
  18. Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets.
  19. Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.
  20. Audit payroll and personnel records to determine unemployment insurance premiums, workers' compensation coverage, liabilities, and compliance with tax laws.
  21. Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.
  22. Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements.
  23. Advise clients in areas such as compensation, employee health care benefits, the design of accounting or data processing systems, or long-range tax or estate plans.
  24. Represent clients before taxing authorities and provide support during litigation involving financial issues.
  25. Direct activities of personnel engaged in filing, recording, compiling, and transmitting financial records.
  26. Conduct pre-implementation audits to determine if systems and programs under development will work as planned.
  27. Develop, maintain, or analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
  28. Prepare, analyze, or verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.
  29. Process invoices for payment.
  30. Review data about material assets, net worth, liabilities, capital stock, surplus, income, or expenditures.


National Industry Employment Patterns


Industry % of Accountants and Auditors employed Annual Growth Rate
Accounting, tax preparation, bookkeeping, and payroll services 24.7 0.56
Management, scientific, and technical consulting services 2.5 2.05
Insurance carriers 2.2 0.74
Colleges, universities, and professional schools 2 0.83


Labor Market Information


2022 Statewide average hourly wage $41.97
2022 National average hourly wage $41.70
2020 National employment 1,392,200
2020 Texas employment 111,903
Texas projected employment by 2030 134,484
Texas projected annual employment and Turnover openings through 2030 12,989




TEXAS COUNTY MAP BY WORKFORCE DEVELOPMENT AREA
* Due to confidentiality rules, not all regions may have the data displayed. The sum of all the regions may not be equal to the state total.


Top 10 Relevant Knowledge Areas Relevant Importance Levels
Economics and Accounting
Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
93.00%
English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
79.20%
Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
78.40%
Administration and Management
Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
70.60%
Customer and Personal Service
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
70.20%
Law and Government
Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
66.60%
Administrative
Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.
61.40%
Computers and Electronics
Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
60.80%
Personnel and Human Resources
Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
52.40%
Education and Training
Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
50.40%


Top 10 Relevant Skill Areas Relevant Importance Levels
Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
78.80%
Active Listening
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
78.80%
Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
77.60%
Speaking
Talking to others to convey information effectively.
76.20%
Writing
Communicating effectively in writing as appropriate for the needs of the audience.
75.00%
Mathematics
Using mathematics to solve problems.
73.80%
Judgment and Decision Making
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
70.00%
Complex Problem Solving
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
68.80%
Active Learning
Understanding the implications of new information for both current and future problem-solving and decision-making.
66.20%
Monitoring
Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
66.20%


Top 10 Relevant Abilities Relevant Importance Levels
Written Comprehension
The ability to read and understand information and ideas presented in writing.
78.80%
Oral Expression
The ability to communicate information and ideas in speaking so others will understand.
78.80%
Deductive Reasoning
The ability to apply general rules to specific problems to produce answers that make sense.
78.80%
Mathematical Reasoning
The ability to choose the right mathematical methods or formulas to solve a problem.
78.80%
Number Facility
The ability to add, subtract, multiply, or divide quickly and correctly.
78.80%
Problem Sensitivity
The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.
77.60%
Written Expression
The ability to communicate information and ideas in writing so others will understand.
77.60%
Inductive Reasoning
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
76.20%
Information Ordering
The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
76.20%
Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
76.20%


  • Getting Information
    -- Observing, receiving, and otherwise obtaining information from all relevant sources.
  • Working with Computers
    -- Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Communicating with Supervisors, Peers, or Subordinates
    -- Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
  • Evaluating Information to Determine Compliance with Standards
    -- Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
  • Documenting/Recording Information
    -- Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
Other Activities


  • Achievement
    - Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.
  • Independence
    - Occupations that satisfy this work value allow employees to work on their own and make decisions. Corresponding needs are Creativity, Responsibility and Autonomy.



Tools

Desktop calculator: 10-key calculators;

Desktop computers: Desktop computers;

Laser fax machine: Laser facsimile machines;

Notebook computers: Laptop computers; Notebook computers;

Personal computers: Personal computers;

Personal digital assistant PDAs or organizers: Personal digital assistants PDA;

Photocopiers: Photocopying equipment;

Scanners: Scanners; Computer data input scanners;

Tablet computers: Tablet computers;


Technology

Accounting software: ATX Total Accounting Office; ATX Total Engagement Office; Accounting software; Accounts payable software; Accounts receivable software; Accurate NXG; AcorynSystems Activity Based Costing/Management ABC/M; AdaptaSoft CyberPay; Automation Counselors municiPAL; Best MIP Fund Accounting; Billing software; CCIS AccountAbility; CYMA IV Accounting for Windows; Client billing software; Cost accounting software; Evron Computer Systems SAGE PFW (Platinum For Windows); FRx Software Microsoft FRx; Financial reporting software; Financial statement software; Fund accounting software; General ledger software; Heron CrossTie General Ledger; Intuit QuickBooks; Invoice software; Lead Activity Analyzer; Lead Business Analyzer; Micronetics Xpert Write-up; Multiview Accounts Receivable; New Millennium Communications Genesis Accounting; PROPHIX Enterprise; Pro Systems Client Write-Up System for Windows; Profit Developers Electronic File Interchange; Roundtable Software Advantage Accounting System; Sage 50 Accounting; Sage BusinessWorks; Sage CPAAccounts Payable; Sage CPAAccounts Receivable; Sage CPAClient Checkbook; Sageworks ProfitCents; Softrax Revenue Management; Summit Software Summit Biofuels Accounting; Tax software; UA Business Software Professional Edition;

Analytical or scientific software: WizSoft WizRule; SAS; Guidance Software EnCase Enterprise; IBM SPSS Statistics; Arbutus Analyzer; ACL Audit Exchange;

Business intelligence and data analysis software: Alteryx software; IBM Cognos Impromptu; Tableau; Qlik Tech QlikView; Oracle Business Intelligence Enterprise Edition;

Cloud-based data access and sharing software: Microsoft SharePoint;

Compliance software: Lumigent Entegra; Intrax ProcedureNet; ACCUCert; Accounting compliance software; Corporate Responsibility System Technologies Limited Compliance Positioning System; Bi3 Audit Intelligence; Paisley Cardmap; Paisley Focus Control Assurance; Paisley RiskNavigator; Tax compliance property tax management software; Sage EDP Payroll Tax; Sage HandiSoft HandiLedger; TrendTracker Compliance Solution;

Customer relationship management CRM software: Salesforce software; Blackbaud The Raiser's Edge;

Data base management system software: Apache Solr; Teradata Database;

Data base reporting software: SAP Crystal Reports; ADP Super Report Writer;

Data base user interface and query software: Best Software CPAPayroll; Data entry software; FileMaker Pro; Database software; Microsoft Access; Microsoft SQL Server; Sage 300 Construction and Real Estate; Structured query language SQL; Practice management software PMS; Oracle Database; Yardi Systems Yardi Enterprise; Yardi software;

Data mining software: WizSoft WizWhy; Data extraction software;

Desktop communications software: Eko;

Desktop publishing software: Microsoft Publisher;

Development environment software: Microsoft Visual Basic; Microsoft Visual Basic for Applications VBA; eXtensible Business Reporting Language XBRL;

Document management software: OmniRIM Records Management Suite; Sage CPADocument Manager; Iron Mountain Accutrac records management software; Document management system software; Adobe Systems Adobe Acrobat;

Electronic mail software: IBM Notes; Microsoft Exchange; Microsoft Outlook;

Enterprise application integration software: SAP BusinessObjects Data Integrator;

Enterprise resource planning ERP software: SAP Business Objects; NetSuite ERP; Oracle Fusion Applications; Oracle Hyperion; Oracle JD Edwards EnterpriseOne; Oracle PeopleSoft; Oracle PeopleSoft Financials; SAP software; Sage MAS 200 ERP; Sage ERP Accpac; Sage Platinum for Windows PFW; Workday software; Lawson ERP; Microsoft Dynamics; Microsoft Dynamics GP; Microsoft Dynamics NAV; Microsoft Dynamics SL; Exact Software Macola ES; Accountants Templates JAZZ-It!; AcornSystems Corporate Performance Management; Cartesis ES Magnitude;

Enterprise system management software: IBM Power Systems software;

Financial analysis software: InformationActive ActiveData for Excel; IAD Audit Leverage; Financial Competence; Fixed-assets depreciation software; Estate planning software; Datavantage; Delphi Technology; Digital analysis tests and statistics DATAS for Excel; Digital analysis tests and statistics DATAS for SAS; MRO Audit Tracker; Internal audit software; Kirix ProffiPoint; MethodWare ProAudit Advisor; Microsoft FRx; Cartesis Magnitude iAnalysis; CaseWare International IDEA; CaseWare International IDEA SmartAnalyzer; CaseWare Working Papers; CashFlow Guardian; Cebos MQ1 Audit System; Choice Technologies PowerBill +; D'Arcangelo Galileo; Bi3 Financial Statement Fraud Analysis; BNA Corporate Tax Audit Analyzer; Brentmark Estate Planning Quickview; BizBench; Cammack Computations Inter-Est; Accounting fraud detection software; ACL Business Assurance Analytics; Audit management software; Audit planning and control environment software; AuditWare CaseWare Examiner; AuditWare financial reporting and auditing software; Automated auditors fraud detector software; Sync Essentials Trade Accountant; Tropics workers' compensation software; TimeValue software; TopCAATs; Star Software Fixed Asset Depreciation; Star Software Materiality Calculator; Thomson Creative Solutions Engagement CS; Thomson Creative Solutions Financial Analysis CS; Thomson PPC e-Tools Suite; Sage MAS 500; Sampson Data Pattern Index software; Solutions Technology & Software HR Premier; Paisley IssueTrack; Paisley AutoAudit; Oracle E-Business Suite Financials; OSI TrustWise; PricewaterhouseCoopers TeamMate; RSM McGladrey Advanced Practice Solutions Paperless Audit; RSM McGladrey Auditor Assistant; Recovery audit software; Palisade @Risk; Pentana audit work system PAWS; Pleier Audit Management System;

Human resources software: Sage HRMS; ADP Workforce Now; CPSI EHR System; Human resource management software HRMS;

Information retrieval or search software: LexisNexis;

Inventory management software: Asset management software;

Medical software: Medical condition coding software; Medical procedure coding software; MEDITECH software; Healthcare common procedure coding system HCPCS; Epic Systems;

Object or component oriented development software: Swift; R;

Office suite software: Microsoft Works; Microsoft Office software; Corel WordPerfect Office Suite;

Operating system software: Microsoft Windows; UNIX;

Presentation software: Microsoft PowerPoint; Google Slides;

Process mapping and design software: Microsoft Visio;

Project management software: Microsoft Project; Oracle Primavera Enterprise Project Portfolio Management;

Risk management data and analysis software: Thomson Reuters Risk Management;

Spreadsheet software: Spreadsheet software; Microsoft Excel; Google Sheets;

Tax preparation software: H&R Block Tax; Intellitax financial solutions software; Intuit Lacerte; Intuit ProSeries; IDMS Account Ability; Income tax return preparation software; KPB Associates TaxStream; Intuit TurboTax; Creative Solutions UltraTax 1040; CCH ProSystem fx TAX; BNA Estate and Gift Tax Suite; BNA Income Tax Planning Solutions; BNA Sales and Use Tax Rates and Forms; Avalara AvaTax ST; American Riviera Magtax; Advanced Micro Systems 1099-Etc; 1099 ProsSoftware; ATX Total Tax Office; Abacus Tax; Thomson GoSystem Tax; NewPortWave Year End Solutions; Universal Tax Systems TaxWise;

Time accounting software: WorkForce Software EmpCenter Time and Attendance; Payroll software;

Transaction security and virus protection software: NortonLifeLock cybersecurity software;

Transaction server software: Tumbleweed SecureTransport;

Video creation and editing software: TechSmith Camtasia;

Word processing software: Microsoft OneNote; Microsoft Word; Google Docs;


Related O*NET occupational titles for Accountants and Auditors include:
  • 43-3031.00 Bookkeeping, Accounting, and Auditing Clerks
  • 13-2031.00 Budget Analysts
  • 13-2041.00 Credit Analysts
  • 13-2051.00 Financial and Investment Analysts
  • 13-2061.00 Financial Examiners
  • 11-3031.00 Financial Managers
  • 13-2052.00 Personal Financial Advisors
  • 13-2081.00 Tax Examiners and Collectors, and Revenue Agents
  • 13-2082.00 Tax Preparers
  • 11-3031.01 Treasurers and Controllers


Sources of Additional Information
  • For more information about accredited accounting programs, visit: AACSB
  • For more information about the Certified Public Accountant (CPA) license, the Chartered Global Management Accountant (CGMA), and other designations, visit: American Institute of Certified Public Accountants (AICPA)
  • For information about the Certified Government Financial Manager (CGFM) designation, visit: Association of Government Accountants (AGA)
  • For more information about management accounting and the Certified Management Accountant (CMA) designation, visit: Institute of Management Accountants
  • For more information about internal auditing and the Certified Internal Auditor (CIA) designation, visit: The Institute of Internal Auditors
  • For more information about information systems auditing and the Certified Information Systems Auditor (CISA) designation, visit: ISACA
  • For more information about certifications in accounting, visit: Global Academy of Finance and Management
  • Accountants and Auditors

  • Contact Texas Workforce Commission
    Labor Market and Career Information  |  101 E. 15th Street, Annex Room 0252  |  Austin, Texas 78778
    Official Website  |  1-800-822-PLAN (7526)  |  512.936.3200

    ** The information in this report may be derived from many sources like O*NET, BLS (Bureau of Labor Statistics), OOH (Occupational Outlook Handbook), and Career One Stop.