Audit vs. Taxation: Which Finance Career Path is Right for You?

Audit and taxation are two major career paths in finance, but which one is right for you? This guide breaks down the differences, skills, and job prospects to help you make the best choice.

By Matt Khoo on 2025-03-19 at 8:50 AM

Updated on 2025-03-28 at 6:30 AM

Audit vs. Taxation: Which Finance Career Path is Right for You?

If you’re considering a career in finance, you’ve likely come across two major career paths: audit and taxation.

Both are essential to businesses and the economy, but they require different skill sets and offer distinct career experiences. So, how do you know which one is the right fit for you? Let’s break it down.

1. What Does an Auditor Do?

Auditors play a crucial role in ensuring a company’s financial records are accurate and comply with laws and regulations. Their job involves:

• Examining financial statements for accuracy and fraud detection.
• Ensuring compliance with accounting standards and tax laws.
• Identifying financial risks and inefficiencies in company operations.
• Preparing audit reports and advising management on improvements.

Types of Auditors

• External Auditors – Work for audit firms and review multiple clients' financial statements.
• Internal Auditors – Employed within a company to assess internal controls and processes.
• Forensic Auditors – Investigate financial fraud and misconduct.

Auditing is ideal for those who enjoy problem-solving, attention to detail, and working with numbers.

🔍 Want to learn more about in-demand finance careers? Check out this guide.

2. What Does a Tax Consultant Do?

Tax consultants specialize in helping individuals and businesses comply with tax laws while minimizing tax liabilities. Their responsibilities include:

• Preparing and filing tax returns.
• Advising clients on tax-saving strategies.
• Ensuring compliance with Malaysia’s tax laws and regulations.
• Representing clients in tax disputes and audits.

Taxation requires strong analytical skills and an understanding of tax legislation. If you enjoy legal research and strategic financial planning, taxation might be the right path for you.

💡 Interested in learning how finance professionals boost their earning potential? Read the Salary Guide 2025.

3. Key Differences Between Audit & Taxation

Both fields offer stable career growth, but the work environments and responsibilities differ.

📊 If you’re still unsure which finance role fits you best, take the Hiredly Work Personality Test.

4. Career Outlook & Salary Expectations

Both auditors and tax professionals are in high demand in Malaysia, with competitive salaries based on experience and qualifications.

Average Salaries in Malaysia (2025 Estimates)

• Entry-Level Auditor/Tax Consultant: RM3,000 – RM5,000/month
• Mid-Level (3-5 years experience): RM6,000 – RM9,000/month
• Senior-Level (Manager & Above): RM10,000 – RM20,000+/month

Many professionals pursue certifications like ACCA, CPA, or CIMA to boost their credentials and salary prospects.

📈 Curious about how salaries in finance compare? Check out the latest salary guide.

Choosing between audit and taxation depends on your interests and career goals. If you enjoy investigative work and ensuring financial compliance, audit may be your calling. If you prefer strategic financial planning and tax law, taxation could be the better fit. Either way, both careers offer excellent stability, salary growth, and progression opportunities in Malaysia. Ready to kickstart your career? Explore opportunities on Hiredly, join the Young Talent Community, or discover your ideal career path with the Work Personality Test.

By Matt Khoo on 2025-03-19 at 8:50 AM