Accountant  and Auditor

Accountant and Auditors examine, analyze, and interpret accounting records to prepare financial statements, give advice, or audit and evaluate statements prepared by others. Install or advise on systems of recording costs or other financial and budgetary data

Some of the job titles of this field are Accountant, Accounting Officer, Audit Partner, Auditor, Certified Public Accountant (CPA), Cost Accountant, Financial Auditor, General Accountant, Internal Auditor, and Revenue Tax Specialist.

Occupation specific Information

Tasks:

·         Prepare detailed reports on audit findings

·         Report to management about asset utilization and audit results, and recommend changes in operations and financial activities

·         Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.

·         Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions

·         Supervise auditing of establishments, and determine scope of investigation required

Occupational Requirement

Work Activities

·         Prepare financial documents, reports, or budgets.

·         Advise others on financial matters.

·         Report information to managers or other personnel.

·         Advise others on business or operational matters.

·         Examine financial records.

Education & Experience Requirement

Education

B.Com/M.Com, CA, CMA, CS, CPA

Related Experience

A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

Job Training

Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Skills Required

Reading Comprehension — Understanding written sentences and paragraphs in work-related documents.

Active Listening — giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.

Speaking — talking to others to convey information effectively.

Judgment and Decision Making — Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Knowledge Required

Economics and Accounting — Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data

English Language — Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar

Mathematics — Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications

Administration and Management — Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modelling, leadership technique, production methods, and coordination of people and resources

Customer and Personal Service — Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction

Worker Characteristic

• Conventional — Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.

• Enterprising — Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.

• Investigative — Work involves studying and researching non-living objects, living organisms, disease or other forms of impairment, or human behaviour. Investigative occupations are often associated with physical, life, medical, or social sciences, and can be found in the fields of humanities, mathematics/statistics, information technology, or health care service.

Related Occupation

·         Book Keeping,  Accounting and Auditing clerk

·         Budget Analysts

·         Financial Examiners

·         Tax Preparers

·         Treasurers and controllers