The work of compliance auditor is to protect the assets by conducting and completing the audits, ensuring the compliance of rules and regulations, and recommending the necessary changes in the internal control system structure. He needs to manage the efficient and effective day-to-day government organisation’s operations and also monitoring and coordinating other compliance programs.

Job description:

The job of the compliance auditor is to inspect or investigate the government property for ensuring compliance with government regulations and contract agreements. He has to analyse and examine the accounting records for determining the financial status of any government establishment and prepare reports. He needs to communicate with the supervisors, sub- ordinates and peers and develop cooperative and constructive working relationships with them. The job of the compliance auditor is a respected one in the market with lots of reputation and high earnings.

Skill requirements:

Since the job of compliance auditor is important so there are also several skill requirements associated with the job. Some of them are as follows:

  • Must have time management as well as stress management skills.
  • Must have leadership qualities in order to govern the work properly.
  • Must be respectful and trust worthy.
  • Must have ability to work for long hours.
  • Must have mathematical skills to solve problems.
  • Must be an active listener giving full attention to the implications of information for problem solving.
  • Critical thinking adds to another skill which helps in identifying the weaknesses and strengths of alternative solutions and approaches to the problems.
  • Must be efficient in decision making and judgement.
  • Must be good in system analysis and system evaluation.
  • Good in quality control enquiry.
  • Must have computer skills also.
  • Strong learning strategies are also essential.
  • Proper management of resources.
  • Must be well- organised.

Job duties:

Job duties of a good compliance auditor include:

  • Assemble and analyse the data for duplicate efforts, fraud, deficient controls, non- compliance of rules and regulations and other management policies.
  • Prepare detailed and complete reports on the audit findings.
  • Submitting the report of the audit results to the management and recommend the necessary changes in the financial activities.
  • Review all the data about the assets, capital stock, income, surplus and other expenditures.
  • Examine all the information and financial systems.
  • Recommend changes to ensure data integrity and system reliability.
  • Inspect the accounting details including account books for the efficiency and effectiveness of accounting procedures.
  • Confer with all the company officials regarding financial matters.
  • Examine if the organisation’s objectives are fulfilled by the management activities.
  • Maintain an anti-fraud manual with all the updated rules, policies, regulations and procedures.
  • Interview the officials for ensuring recording of the transactions and other laws.
  • Supervise and support the junior employees and enhance their work by providing the required information.
  • Plan and conduct properly managed audits.
  • Perform other assigned duties properly.

Work conditions:

The job of a compliance auditor is to plan and conduct an audit in the government organisations. They need to go out for conducting the audit and thereafter they prepare a complete report on the financial activities of the organisation, in their office using the computer.

Tips for a good job:

  • Examine the financial system properly and prepare an efficient report.
  • Must ensure the compliance of the policies, procedures and other rules and regulations.
  • Be honest towards his job.

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