Description
Financial auditors collect and examine financial data for clients, organisations and companies. They ensure the financial data is properly maintained and free of material misstatements due to error or fraud, that it adds up, and functions legally and effectively. They review lending and credit policies or numbers in databases and documents, evaluate, consult and assist the source of the transaction if necessary. They use their review of the client's financial governance as assurance to give testimony to the shareholders, stakeholders and board of directors of the organisation or company that all is up to par.
EssentialOptional
Theoretical Knowledge
accounting department processesaccounting entriesaccountingfinancial analysiseconomicscorporate lawaccounting techniquesfinancial department processesjoint venturesfraud detectioninternational tariffsfinancial jurisdictionfinancial managementbanking activitiesnational generally accepted accounting principlesfinancial statementsfinancial productscore banking softwareinternational financial reporting standardstax legislationinsolvency lawcommercial lawinternal auditingmergers and acquisitions
Practical Skills
analyse financial riskcontrol financial resourcesarrange auditprepare financial auditing reportsdevelop audit planmonitor banking activitiesconduct financial auditsobtain financial informationcheck accounting recordspresent reportspose questions referring to documentsinspect tax returnsinterpret financial statementsobserve confidentialityprovide support in financial calculationanalyse financial performance of a companyidentify accounting errorsmaintain financial recordsuse consulting techniquesmaintain records of financial transactionscommunicate with banking professionalsadvise on financial mattersliaise with shareholdersensure compliance with disclosure criteria of accounting informationevaluate budgetsadvise on tax planningensure compliance with accounting conventionsfollow the statutory obligationsidentify if a company is a going concernmake strategic business decisionsdisseminate information on tax legislationtrace financial transactionsmaintain trustsproduce statistical financial recordsadvise on credit ratingdevelop financial statistics reports