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Career Details : Auditors

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Description

Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.

Experience

A minimum of two to four years of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

Education

Most of these occupations require a four-year bachelor's degree, but some do not.

Training

Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Tasks

  • Reviews data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.
  • Reports to management about asset utilization and audit results and recommends changes in operations and financial activities.
  • Analyzes data for deficient controls, duplicated effort, extravagance, fraud, or noncompliance with laws, regulations, and management policies.
  • Examines payroll and personnel records to determine worker's compensation coverage.
  • Verifies journal and ledger entries by examining inventory.
  • Examines records, tax returns, and related documents pertaining to settlement of decedent's estate
  • Directs activities of personnel engaged in filing, recording, compiling, and transmitting financial records.
  • Supervises auditing of establishments and determines scope of investigation required.
  • Examines records and interviews workers to ensure recording of transactions and compliance with laws and regulations.
  • Evaluates taxpayer finances to determine tax liability, using knowledge of interest and discount, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets.
  • Confers with company officials about financial and regulatory matters.
  • Audits records to determine unemployment insurance premiums, liabilities, and compliance with tax laws.
  • Reviews taxpayer accounts and conducts audits on-site, by correspondence, or by summoning taxpayer to office.
  • Inspects cash on hand, notes receivable and payable, negotiable securities, and canceled checks.
  • Analyzes annual reports, financial statements, and other records, using accepted accounting and statistical procedures, to determine financial condition.
  • Inspects account books and system for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.

    Related Careers

    Important Abilities

    General Work Activities

    Important Skills

    Frequent Work Context

    • Consequence of Error
    • Importance of Being Exact or Accurate
    • Importance of Being Sure All Is Done
    • Indoors
    • Job-Required Social Interaction

    Related Majors

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