Auditor Job Description (all industries)
Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
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.
Work Activities
- advise clients on financial matters
- analyze financial data
- compile data for financial reports
- compute financial data
- conduct financial investigations
- confer with taxpayer or representative
- determine tax liability according to prescribed laws
- direct and coordinate financial activities
- fill out business or government forms
- follow tax laws or regulations
- gather relevant financial data
- inspect account books or system for efficiency, effectiveness, or acceptability
- interview client to obtain additional tax information
- make presentations on financial matters
- note discrepancies in financial records
- obtain financial information from individuals
- perform general financial analysis
- prepare audit reports or recommendations
- prepare correspondence relating to financial discrepancies
- prepare financial reports
- use accounting or bookkeeping software
- use accounting terminology
- use computers to enter, access and retrieve financial data
- use cost benefit analysis techniques
- use spreadsheet software
- verify bank or financial transactions
- write administrative procedures services manual
- write business correspondence
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