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Financial auditor: responsibilites, salary and training

The financial auditor examines an organisation’s accounts and procedures to assess their reliability and compliance. They collect evidence, inspect accounting documents, test controls and make recommendations. This job profile mainly focuses on external financial audit, carried out on behalf of a firm. Internal audit, which focuses more on corporate risk and processes, is a closely related field. According to internal data from Rennes School of Business, the average salary observed among graduates with 0 to 2 years of experience is around €57,300 gross per year, including bonuses, based in France. Career opportunities are mainly found in audit firms, banks, insurance companies and finance departments.

RECOMMENDED COURSE

MSc International Accounting, Management Control and Auditing

Develop the skills required to analyse accounts, assess risks and ensure the reliability of financial information in an international environment.

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The financial auditor role in figures

€57,300
Average gross annual salary observed at 0–2 years, including bonuses (France)
All sectors
Where to work?
90%
of surveyed RSB graduates report being very satisfied with their job

Is a career as a financial auditor right for you?

  • You like analysing figures, spotting inconsistencies and understanding their origin.
  • You are rigorous, methodical and attentive to detail.
  • You enjoy varied assignments and discovering different organisations.
  • You know how to ask questions and explain your conclusions clearly.
  • You can meet strict deadlines and work during periods of high activity.
  • You wish to develop a global overview of how companies work financially.

What are the responsibilities of a financial auditor?

The financial auditor verifies that an organisation’s accounts give a true and fair view of its financial position. They analyse accounting documents, check major transactions, and ensure that the procedures applied comply with current standards.

In the context of an external audit, they typically work on behalf of an independent firm. They collect audit evidence, carry out testing, and document their findings in order to contribute to the certification of the accounts. Their work may focus particularly on sales, purchases, cash, stock, fixed assets, or provisions.

The internal auditor, on the other hand, is an employee of the organisation they audit. They assess risks, procedures, and operational efficiency more broadly in order to help the company improve its operations.

What does a financial auditor do on a daily basis?

Analysing accounts

You examine accounts, accounting entries and supporting documents to verify the reliability of financial information. You analyse significant variations and look for potential errors or anomalies.

Testing controls

You verify that internal control procedures are properly designed and implemented. You carry out tests on samples of transactions and document the results accurately.

Presenting findings

You liaise with accounting and finance teams, present identified points to your manager and contribute to formulating recommendations to make accounts more reliable and secure processes.

Your day often begins with a catch-up with your team on the progress of the assignment and the outstanding areas to be checked. You then analyse the company’s accounts, check supporting documents, and carry out various tests on sales, purchases, cash, stock, or fixed assets.

You liaise with the client’s accounting and finance teams to understand a transaction, obtain a document, or clarify a discrepancy. You then document your analyses in the audit file and share your findings with your manager.

Daily routine varies depending on the time of year. During year-end accounting closures, the pace can be particularly fast. Outside these periods, more time can be spent on assignment preparation, risk analysis, and gaining an understanding of the client’s business activities.

What is the salary of a financial auditor?

Experience level Average gross annual salary (based in France) Source and details
0–2 years €57,333 Rennes School of Business graduate employment survey · bonuses included
3–5 years €63,429 Rennes School of Business graduate employment survey · bonuses included
7 years and over Varies according to firm, sector and responsibilities Compensation may include bonuses and variable pay

Source: Rennes School of Business graduate employment survey, graduates working in this occupational group. Average gross annual salaries, including bonuses. Pay levels vary depending on experience, the firm or company, location, certifications, and the scope of responsibilities.

What training is required to become a financial auditor?

Recommended programme

The MSc International Accounting, Management Control and Auditing builds expertise in financial accounting, auditing, management control, internal control and risk analysis. It also covers international standards, governance, ESG issues and digital tools applied to finance.

Building the fundamentals

The Bachelor in Management provides a solid grounding in accounting, finance, management and business administration. It can then be followed by the Master in Management (Programme Grande École) with a focus on finance, auditing, accounting or management control.

Complementary pathways

The Master in Management, MSc International Finance and MSc Financial Data Intelligence can also prepare students for closely related roles in finance, data analysis, control and risk management.

What are the career progression opportunities for a financial auditor?

Examples of employers of RSB graduates

PwC · KPMG · EY · AXA · Amundi

Career opportunities exist in audit and consulting firms, as well as in banks, insurance companies, asset management firms and corporate finance departments.

0–2 years: Junior Auditor

You assist in gathering documents, checking accounts and performing audit testing. You learn to apply the firm’s methodology, document your work and communicate with financial teams in client organisations.

3–5 years: Experienced or Senior Auditor

You take charge of several accounting cycles, coordinate parts of the assignment and mentor junior auditors. You identify key risks and help prepare the findings presented to the client. The average salary observed in internal RSB data at 3–5 years is €63,429 gross per year, including bonuses.

After several years of experience

You can progress to:

  • Senior Auditor,
  • Audit Engagement Leader,
  • Audit Manager,
  • Internal Auditor,
  • Internal Control Manager,
  • Risk Manager,
  • Head of Internal Audit,
  • Financial Controller,
  • or Chief Financial Officer (CFO).

The skills gained in auditing also allow you to compare financial audit with the management controller role or move into financial analysis.

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FAQs on the financial auditor role

What is the salary of a financial auditor?

The salary of a financial auditor depends on experience, the type of firm or company, location, responsibilities and certifications. Internal data from Rennes School of Business indicates an average gross annual salary of €57,333 including bonuses for graduates with 0 to 2 years of experience (France). After 3 to 5 years, the average observed salary reaches €63,429 gross per year, including bonuses, based in France. For senior profiles, pay varies according to the assignment portfolio, management level and variable component.

What training is required to become a financial auditor?

The financial auditor role is generally accessible after a Master’s degree (Bac+5 level) in auditing, accounting, management control or finance. At Rennes School of Business, the Bachelor in Management provides the fundamentals before continuing with the Master in Management or the MSc International Accounting, Management Control and Auditing.

What are the main responsibilities of a financial auditor?

The financial auditor examines an organisation’s accounts and accounting documents to verify their reliability and compliance. They analyse key transactions, carry out testing on internal control procedures and collect the necessary evidence to support their conclusions. They then document their work in an audit file and liaise with financial managers. In an external audit context, their work contributes to the certification of the audited organisation’s accounts.

What is the difference between an external auditor and an internal auditor?

An external auditor generally works for an independent firm. Their main role is to examine an organisation’s accounts and contribute to certifying their reliability. An internal auditor is an employee of the company they audit. Their scope is broader: they evaluate risks, procedures, compliance and operational efficiency to improve how the organisation operates. Both roles require similar skills, but their objectives, positioning and key stakeholders differ.

What skills are needed in financial auditing?

A financial auditor must master accounting, financial analysis, audit methodology, internal control and key applicable standards. They also use Excel, financial information systems and data analysis tools. Rigour, critical thinking, organization, teamwork and communication are essential. Auditors must also know how to question stakeholders diplomatically and clearly explain identified anomalies or risks.

Where can a financial auditor work?

A financial auditor can work in an audit and consulting firm with clients across various sectors. They can also join a bank, insurance company, asset management firm, industrial enterprise, international group or public body. After external audit experience, some professionals move into corporate finance, internal control departments, management control or internal audit within a company.

Does Rennes School of Business offer training for financial auditors?

Rennes School of Business offers several pathways to prepare for this profession. The MSc International Accounting, Management Control and Auditing is the main specialisation programme. It builds expertise in international accounting, auditing, management control, risk management, IFRS standards and digital tools. The Bachelor in Management and the Master in Management can also serve as the initial steps of the pathway.

Interested in a career as a financial auditor?

Discover the MSc International Accounting, Management Control and Auditing at Rennes School of Business. This programme develops expertise in accounting, auditing, internal control, financial analysis, risk management and digital tools.

Explore the programme