Chartered Accountant

What does an Authorized Auditor do? – tasks and work environment

An Authorized Auditor works with examining and assessing companies and organizations' accounting, financial statements, and reports. The work involves ensuring that financial information is accurate, complies with applicable laws and regulations, and that companies act according to good accounting practices. Tasks also include advising on tax matters, internal controls, and business development. The work environment is often office-based, with periods of high workload during financial closing and audits, as well as regular contact with clients and authorities. The role requires both analytical ability and good communication skills, as the auditor often acts as a link between company management and external stakeholders.

Salary development over time

The salary for an Authorized Auditor has shown a steady upward trend in recent years. In 2022, the average salary was 47,800 SEK per month, which increased to 48 200 in 2023 and further to 50 300 in 2024. This represents an increase of approximately 5.2% over three years. The development reflects a continued strong demand for qualified auditors and increasing complexity in financial reporting within businesses. Salary increases have also been influenced by competition for experienced candidates, especially in larger cities, as well as rising requirements for specialized skills in areas such as sustainability reporting and international accounting standards. Despite the high salary level, differences between genders and regions still exist.

Authorized Auditor salary – complete overview

• Average salary: 50 300 SEK/month
• Lowest salary: 39,500 SEK/month (female, high school education, various sectors)
• Highest salary: 56,300 SEK/month (male, private sector, postgraduate education)
• Hourly wage: 303 SEK
• Women: 48 100 SEK/month (89% of men's salary)
• Men: 54 000 SEK/month
• Regional differences: Higher salaries in metropolitan regions, lower in smaller towns

Education and qualifications

The path to becoming an Authorized Auditor requires a university degree in economics, followed by practical experience and authorization through the Swedish Supervisory Authority (Revisorsinspektionen). The education includes both theoretical and practical components, with strong knowledge in accounting, auditing, tax law, and business law being central. After graduation, practical training under supervision and passing exams are required to obtain authorization.

• Economics degree: Bachelor’s or Master’s degree (3–5 years) focused on accounting and auditing
• Practical training: At least 3 years of qualified practice with an authorized auditor
• Authorization exam: Approved exam by the Swedish Supervisory Authority
• Continuing education: Ongoing further training and certification throughout the professional career
• Prerequisites: Basic eligibility for university studies and good grades in mathematics and social studies

Common benefits and compensations

Authorized Auditors are often offered competitive benefits such as occupational pension, wellness allowance, options for remote work, and extra vacation days. Larger firms may also provide bonus programs, paid training, and career development opportunities. Additional benefits can include health insurance, subsidized lunches, and internal networking events.

Competition and challenges

The competition for jobs as an Authorized Auditor is relatively high, especially in larger cities where many seek employment at leading audit firms. At the same time, there are reports of recruitment difficulties in the industry, as many leave the profession after a few years due to high workload and continuous education requirements. Success requires deep knowledge of economics and accounting, as well as the ability to handle pressure and complex assignments. Technological changes and increased automation mean that auditors need to be flexible and adaptable. There is also a growing need for expertise in sustainability reporting and digital tools.

Tips for those wishing to become an Authorized Auditor

To succeed as an Authorized Auditor, it is beneficial to develop accuracy and analytical skills already during studies, as the profession requires identifying details and understanding complex relationships. Being communicative and pedagogical is also advantageous, as much of the work involves explaining financial matters to clients and colleagues. Having a high work capacity and the ability to handle stress is important, especially during intensive periods of reporting and auditing. Building a broad network during education and practice creates good prospects for future career opportunities. Staying updated on new legislation and technological solutions is also crucial, as the industry is constantly evolving. An interest in business development and advisory services can also open doors to more specialized roles. Finally, integrity and independence are essential, as the auditor often needs to make objective assessments even under pressure.

Key facts about Authorized Auditor

• Education level: Economics degree (Bachelor’s or Master’s)
• Work environment: Office-based, often high-paced with client contact
• Work form: Employed at an audit firm or self-employed consultant
• Demand: Great opportunities for employment, especially in larger cities
• Special skills: Accounting, auditing, tax law, business law

Career paths and future prospects

After three to five years in the profession, an Authorized Auditor can advance to senior auditor, team leader, or specialist in areas such as tax advisory or sustainability reporting. Some choose to start their own firm or move into senior positions within finance and management in the corporate sector. The Swedish Public Employment Service (Arbetsförmedlingen) predicts ample job opportunities and expects demand for auditors to remain unchanged over the next five years. However, the recruitment situation is challenging, as many leave the profession, creating good chances for new candidates. The industry currently has approximately 758 available jobs, indicating a strong labor market for Authorized Auditors.

Common questions about Authorized Auditor

• What does an Authorized Auditor earn?
  - The average salary is 50 300 SEK per month, but it varies based on experience, education, and workplace.
• What education is required to become an Authorized Auditor?
  - A university degree in economics plus at least three years of practical experience and passing the authorization exam.
• What is the job market like for Authorized Auditors?
  - Opportunities for employment are plentiful, especially in larger cities, with a continuous need for new auditors.
• Are there salary differences between men and women?
  - Yes, women earn on average 89% of what men do in the profession.
• What career paths are available after a few years as an Authorized Auditor?
  - Common paths include becoming a senior auditor, specialist, team leader, or starting your own firm.
• What personal qualities are important for the profession?
  - Accuracy, integrity, analytical skills, and good communication are central qualities.