Every year companies, every profit and non profit organization and even governments have to get their financial books checked by an independent specialist better known as an auditor.

An auditor is hired to go through the client’s accounts, making sure that the money gone out and the money came in are all reasonable and accurate and is matching with the company’s actual monetary condition or the officially announced profit and loss.

Description

Typical tasks that Auditors’ perform are: knowing in detail about the client company or organization, Checking the balance sheets and the profit and loss accounts, talking to clients to authenticate the transactions mentioned in the statements, identifying any irregularity , making recommendations.

Skills

1) Time Management – Managing to finish work in time.

2) Mathematics – Good ability in mathematical calculations.

3) Thinking ability — Using logic and reasoning to identify the both the positives and the negatives and come up with of alternative solutions or approaches to problems.

4) Comprehension — Understanding the technical writing work related documents.

5) Listening – Always Giving proper attention to what other people are saying, fully understanding the points that are raised.

6) Writing — Communicating effectively in writing.

7) Speaking – Effective verbal skills to exchange views and information with others.

8) Coordination – Tuning own activity to match up with others.

9) Decision Making — Considering the implications of potential actions to make the best decision.

Duties and Activities

1) Report to management about asset utilization and result of audit, and recommend changes in operations and financial activities to make them better.

2) Prepare detailed reports on the findings of the auditing process

3) Review data about assets, net worth, liabilities, capital stock, surplus, income, and expenditures.

4) Inspect the account books and system of accounting. Find out their accuracy, efficiency, effectiveness, and make sure by using certain method, are accurate.

5) Go through the financial and information systems and assess them. Make recommendations to make sure system reliability and data integrity.

6) Monitoring – Regularly Assessing own performance as well as of other individuals, or organizations to make improvements or take corrective action.

7) Instructing – Giving proper instructions to people working with you.

8) Problem Solving — Identifying difficult problems and reviewing related information to develop permanent or immediate solutions.

9) Management of l Resources — Motivating, developing, and guiding people as they do their job to find out the best among them.

10) Service Orientation – Help people to get accustomed with their job.

11) Strategies — Selecting and using various training and instructional methods to learn strategies and then spread it among others.

12) Negotiation – In case of any problem, bring everyone together and try to find out a solution.

13) Management of Financial Resources – Determining the best way to spend money for each purpose so that the company or organization gets the best return.

Qualification

Detailed Knowledge of – economic and accounting rules and methods, the condition of the market, banking operations and the analysis and reporting of financial data

Work Condition

Auditor’s job is primarily office based with occasional extra hours of work.

Tips

Those who are good with calculation and numbers can make this their profession.

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