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Working in Audit

Careers in Audit logoDoes a company's record of its cash balance agree with the records of the bank? Do the employees really exist? Does a company own its fixed assets? How much is its stock really worth? How effective are the company's financial controls? Are the published accounts really a 'true and fair' reflection of the reality?

Working in Audit demands the ability to find definitive answers to key questions like these. A great starting point for a business career, Audit will stretch your analytical ability, and help you build a thorough understanding of different client businesses.

The fundamental role of an auditor is defined as: to report to the shareholders of a company on whether the annual accounts show "a true and fair view" of the company's financial activity and position, and to ensure that the accounts comply with the Companies Act 1985/2006.

One of the most challenging sides of audit comes into play with the first part of this definition. It is possible for company directors (or others working in an organisation) to interpret accounting policies and present financial information so that the performance of their business is shown in the best light.

It is therefore a key role of the audit provider to help ensure that appropriate accounting policies and processes are being applied and irregularities in financial reporting are identified.

The opportunities for qualified auditors are growing by leaps and bounds. There are and will be opportunities both in private firms and within the government. There are audit jobs available in both external roles - working independently or with a firm of auditors - and internal ones. Some of the most exciting of those roles will lead to senior management positions. Besides standard auditing, there will be increasing opportunities for specialised positions such as insolvency, taxation and forensic auditing.

Do you have what it takes to land the best audit job with the best firm? The list below outlines the ideal profile that employers are seeking when filling an audit job:

  • Desire to collaborate in a team environment
  • Thorough understanding of the risks in the business environment
  • Commitment to continued personal learning and development
  • High levels of personal integrity
  • Adherence to best practices
  • Excellent verbal and written communication skills
  • Analytical thinking and intellectual curiosity

To gain a better understanding and insight on working within Audit - see the articles below.

For more information about audit careers, search thousands of audit vacancies or discuss your options and experiences with other auditors across the world, visit www.CareersinAudit.com today. CareersinAudit.com is the world's leading job board and industry resource for the global audit community.