• Review and analyze financial statements, balance sheets, tax returns, and accounting entries for accuracy and legal compliance.
• Examine company accounts and financial control systems to ensure they are correct and in line with relevant laws and regulations.
• Assess levels of financial risk, including the potential for fraud or mismanagement, and prioritize audit efforts accordingly.
• Evaluate the effectiveness of internal controls and processes, recommending improvements to safeguard assets and maintain data accuracy.
• Prepare detailed audit reports, commentaries, and financial statements, and present findings and recommendations to management and stakeholders.
• Ensure that procedures, policies, legislation, and regulations are correctly followed and complied with.
• Communicate audit findings and recommendations clearly to management, boards, and other stakeholders.
• Follow up on audit recommendations to ensure corrective actions are implemented.
• Maintain accurate documentation of audit work, findings, and conclusions.
• Stay current with changes in financial regulations and industry best practices through continuing education.
Skills and Qualifications
• Bachelor’s degree in accounting, finance, or a related field is typically required; a master’s degree or certifications such as CPA (Certified Public Accountant) or CIA (Certified Internal Auditor) are often preferred1.