Auditor

Description

An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the concern. It also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. The auditor perceives and recognises the propositions before them for examination, obtains evidence, evaluates the same and formulates an opinion on the basis of his judgement which is communicated through their audit report.

Auditors are specialists who review the accounts of companies and organisations to ensure the validity and legality of their financial records. They can also act in an advisory role to recommend possible risk aversion measures and cost savings that could be made.

Auditors work in the accounting departments of a huge range of firms and with independent chartered and certified firms, examining the money going in and out of organisations and making sure it is recorded and processed correctly.

Internal auditors examine and analyse the accounting and financial records of the establishments that is their employer, to ensure accuracy and compliance with established accounting standards and procedures.

Common Duties/Routines

Key activities include

• collating, checking and analysing spreadsheet data
• examining company accounts and financial control systems
• gauging levels of financial risk within organisations
• checking that financial reports and records are accurate and reliable
• ensuring that assets are safeguarded
• identifying if and where processes are not working as they should and advising on changes to be made
• preparing reports, commentaries and financial statements
• liaising with managerial staff and presenting findings and recommendations
• ensuring procedures, policies, legislation and regulations are correctly followed and complied with
• undertaking reviews of wages.

Auditors work typical office hours from 9.00 am to 5.00 pm, Monday to Friday. They may need to work extra hours or during the weekend to meet deadlines, particularly during tax audits.

Auditors sometimes travel to meet clients and visit factory or warehouse locations in order to make stock and equipment checks.

Required/Trained Skills

• Conventional / Enterprising
• Honest
• Efficient
• Good hands with tables and accounts
• Knows regulations and laws for audit and finance

Salary/Compensation

The average Internal Auditor I salary in the United States is $57,174 as of December 01, 2018, but the range typically falls between $51,861 and $62,844. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.