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Auditor Tasks: 1. Planning and Preparation: Conducting preliminary research and gathering relevant information about the organization being audited. 2. Risk Assessment: Identifying and evaluating potential risks and vulnerabilities within the organization's operations, financial statements, and internal controls. 3. Internal Control Evaluation: Assessing the effectiveness and efficiency of the organization's internal control systems to ensure compliance with regulations and policies. 4. Financial Statement Analysis: Reviewing and analyzing financial statements, including balance sheets, income statements, and cash flow statements, to ensure accuracy and adherence to accounting standards. 5. Testing and Sampling: Selecting and examining a sample of transactions, records, and documents to verify their accuracy, completeness, and compliance with established procedures. 6. Documentation: Documenting audit procedures, findings, and recommendations in a clear and organized manner for future reference and reporting purposes. 7. Communication: Communicating audit results, including identified deficiencies and recommendations for improvement, to relevant stakeholders such as management, board of directors, and regulatory authorities. 8. Follow-up: Monitoring and tracking the implementation of audit recommendations to ensure that corrective actions are taken and risks are mitigated. 9. Continuing Education: Staying updated with the latest auditing standards, regulations, and industry practices through ongoing professional development and training. 10. Ethical Conduct: Adhering to professional ethics and maintaining independence, objectivity, and confidentiality throughout the auditing process.
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