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Accountants and Auditors in Guam

Thinking about a career as an Accountants and Auditors in Guam? Here’s what the data says. 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. Excludes “Tax Examiners and Collectors, and Revenue Agents” (13-2081).

What do Accountants and Auditors Make in Guam?

The accountants and auditors working in Guam, the median annual wage is $47,080 per year (or roughly $22.64/hour).Annual wages span from $33,380 at the 10th percentile to $72,810 at the 90th percentile.

Wage Statistic	Annual	Hourly
10th percentile	$33,380	$16.05
25th percentile	$38,850	$18.68
Median (50th)	$47,080	$22.64
75th percentile	$59,970	$28.83
90th percentile	$72,810	$35.01

The location quotient — a measure of how concentrated this occupation is in Guam nationwide is 0.87, meaning fewer accountants and auditors per worker than the national average.

National Wage Comparison

Nationally, accountants and auditors earn a median of $79,222 per year ($38.09/hour), below the Guam median.

Employment Outlook

National employment for 376,858 accountants and auditors nationwide. In Guam alone, about 500 people work in this role. That’s fewer than the typical state, which employs around 15,370 accountants and auditors.

Top States for Accountants and Auditors Employment

View the states that employ the most accountants and auditors work.

State	Number Employed
California	173,370
New York	111,860
Texas	109,530
Florida	90,880
Illinois	54,690
Pennsylvania	54,440
Ohio	51,840
Virginia	50,220
North Carolina	46,420
Massachusetts	45,520
Georgia	45,000
Michigan	43,910
New Jersey	43,540
Washington	37,400
Colorado	35,580
Minnesota	30,400
Tennessee	26,890
Arizona	26,030
Maryland	25,630
Alabama	25,420

Highest-Paying States for Accountants and Auditors

Where accountants and auditors earn the most: accountants and auditors.

State	Annual Median Salary
District of Columbia	$103,030
New York	$101,780
New Jersey	$101,340
Massachusetts	$96,580
California	$96,360
Washington	$96,180
Rhode Island	$90,040
Colorado	$90,030
Connecticut	$89,630
Maryland	$84,890

Skills

Key accountants and auditors skills, rated on an importance scale of 0 to 5:

Knowledge Areas

Important knowledge areas for this occupation, rated on an importance scale of 0 to 5:

Abilities

Key abilities for accountants and auditors, rated on an importance scale of 0 to 5:

Daily Tasks

Day-to-day, accountants and auditors typically:

• Prepare detailed reports on audit findings.
• Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
• Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
• Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
• Supervise auditing of establishments, and determine scope of investigation required.
• Confer with company officials about financial and regulatory matters.
• Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
• Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.
• Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.
• Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
• Prepare adjusting journal entries.
• Review accounts for discrepancies and reconcile differences.

Work Activities

• Getting Information
• Working with Computers
• Communicating with Supervisors, Peers, or Subordinates
• Evaluating Information to Determine Compliance with Standards
• Documenting/Recording Information
• Processing Information
• Making Decisions and Solving Problems
• Organizing, Planning, and Prioritizing Work
• Establishing and Maintaining Interpersonal Relationships
• Analyzing Data or Information
• Updating and Using Relevant Knowledge
• Communicating with People Outside the Organization

Tools & Technology

Common tools and software used in this occupation include: Hot technologies: Adobe Acrobat, Alteryx software, Epic Systems, Google Docs, Google Sheets In-demand technologies: Accounting software

What Major Will Prepare You For This Career?

Several college majors map to this occupation:

• Accounting
• Taxation
• Accounting & Computer Science

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Related Careers

Careers similar to accountants and auditors include:

• Financial Managers
• Treasurers and Controllers
• Management Analysts
• Compensation, Benefits, and Job Analysis Specialists
• Budget Analysts
• Credit Analysts

Also Known As

Account Auditor, Accountant, Accounting Associate, Accounting Auditor, Accounting Consultant, Accounting Methods Analyst, Accounting Officer, Accounting Systems Analyst, Asset Analyst, Audit Associate, Audit Partner, Auditor, Auditor-In-Charge, Bank Accountant, Budget Accountant.

References

• U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
• O*NET Online — https://www.onetonline.org/
• BLS Employment Projections — https://www.bls.gov/emp/
• O*NET-SOC code: 13-2011.00