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Auditors Tasks
Performed |
- Audit payroll and
personnel records to determine
unemployment insurance premiums, workers'
compensation coverage, liabilities, and
compliance with tax laws.
- Collect and analyze
data to detect deficient controls,
duplicated effort, extravagance, fraud, or
non-compliance with laws, regulations, and
management policies.
- Conduct
pre-implementation audits to determine if
systems and programs under development
will work as planned.
- Confer with company
officials about financial and regulatory
matters.
- Direct activities of
personnel engaged in filing, recording,
compiling and transmitting financial
records.
- Evaluate taxpayer
finances to determine tax liability, using
knowledge of interest and discount rates,
annuities, valuation of stocks and bonds,
and amortization valuation of depletable
assets.
- Examine and evaluate
financial and information systems,
recommending controls to ensure system
reliability and data integrity.
- Examine inventory to
verify journal and ledger entries.
- Examine records and
interview workers to ensure recording of
transactions and compliance with laws and
regulations.
- Examine records, tax
returns, and related documents pertaining
to settlement of decedent's estate.
- Examine whether the
organization's objectives are reflected in
its management activities, and whether
employees understand the objectives.
- Inspect account books
and accounting systems for efficiency,
effectiveness, and use of accepted
accounting procedures to record
transactions.
- Inspect cash on hand,
notes receivable and payable, negotiable
securities, and canceled checks to confirm
records are accurate.
- Prepare detailed
reports on audit findings.
- Prepare, analyze, and
verify annual reports, financial
statements, and other records, using
accepted accounting and statistical
procedures to assess financial condition
and facilitate financial planning.
- Produce
up-to-the-minute information, using
internal computer systems, to allow
management to base decisions on actual,
not historical, data.
- Report to management
about asset utilization and audit results,
and recommend changes in operations and
financial activities.
- Review data about
material assets, net worth, liabilities,
capital stock, surplus, income, and
expenditures.
- Review taxpayer
accounts, and conduct audits on-site, by
correspondence, or by summoning taxpayer
to office.
- Supervise auditing of
establishments, and determine scope of
investigation required.
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