Jobs, Careers and Occupations

Auditors

Auditors Nature of Work

Financial auditors examine and analyze the accounting and financial records of individuals and establishments to ensure accuracy and compliance with established accounting standards and procedures. Auditors are broadening the services they offer to include budget analysis, financial and investment planning, information technology consulting, and limited legal services.

Auditors Duties and Tasks

Auditors may perform the following tasks:

• give an independent opinion on the financial performance of an organization, and the extent to which its obligations are met
• verify the accuracy of information in the accounting records
• verify that assets and liabilities mentioned in reports in fact exist
• prepare financial statements and reports for senior management, shareholders and statutory bodies
• assess the efficiency and effectiveness of an organization, be it a private company or a government department
• examine the records of government departments, statutory and municipal authorities and government-owned enterprises
• advise clients on ways to improve their accounting systems
• assist in a business stock take and valuation of a business.

Auditors Example Titles

• Corporate Controller - Accounting
• Financial Auditor
• Internal Auditor

Auditors Work Conditions

Auditors work indoors in offices, in their own organizations or in clients' organizations. They may therefore need to travel to undertake their work. Hours are usually regular although may be long when working to deadlines.

Auditors Personal Requirements

• strong mathematical ability
• good problem solving skills
• organizational skills
• good communication and interpersonal skills
• computer literacy an advantage
• able to work well under pressure
• eye for detail
• have a methodological approach to tasks

Auditors Related Occupations

• Accountants
• Bank Clerks
• Bookkeepers
• Financial Managers
• Economists
• Financial Institution Branch Managers
• Financial Planners

Auditors Related Industries

• Banking
• Finance
• Consulting
• Real Estate

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CFO.com Magazine

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