Frequently Asked Questions
What Qualifications Do Audit Seniors Need?
Most Audit Seniors need to be fully qualified ACCA/ACA or have a bachelor's degree in finance or accounting.
Qualifications and skills requirements can vary from employer to employer but it is extremely desirable to have a minimum of three years’ experience in external audit.
How Much Does an Audit Senior Make?
The average salary for an Audit Senior in the UK is around £45,000 per year. Due to the higher cost of living and an increased demand for talent in the city, the average salary in London is £50,000 per year.
However, salaries can vary depending on factors such as location, level of experience, and the size of the firm. It's also worth noting that total compensation, including bonuses and other benefits, can significantly increase an Audit Senior's overall earnings.
Who Employs an Audit Senior?
An Audit Senior is typically employed by accounting and consulting firms. These firms range from small regional firms to large international firms.
The "Big Four" accounting firms (Deloitte, PwC, EY, and KPMG) are among the largest employers of Audit Seniors, but there are many other firms that also offer audit services and employ Audit Seniors.
Additionally, some companies have their own internal audit departments and may employ Audit Seniors to help oversee their financial reporting processes.
What Are the Progression Opportunities for an Audit Senior?
Using the experience developed from working as an Audit Senior, there are various opportunities to progress your career. Some direct progressions include becoming an Audit Manager or Director.
Specialising in a particular field, such as IT, audits or risk management, to develop your skillset and become a valuable asset to organisations is also a popular option.
