AUDITORS Job Profile

Auditors

Job Description for Auditors

Auditors design and operate information and reporting systems to meet external financial reporting requirements and examine, verify and report on financial and managerial systems and outcomes to ensure compliance.

Qualifications for Auditors

The entry requirement for this unit group is a bachelor degree or higher qualification. In some instances relevant experience is required in addition to the formal qualification.

Tasks include:

  • providing independent opinion on the financial performance of an organisation, and the extent to which its obligations are fulfilled
  • verifying the accuracy of information contained in accounting records
  • verifying the existence of assets and liabilities mentioned in reports
  • preparing financial statements and reports for management, shareholders and statutory bodies
  • establishing audit objectives, designing and implementing audit methodologies, processes and audit report criteria
  • reporting to management on the existence and effectiveness of internal control systems

Occupations: External Auditor,  Internal Auditor.

External Auditor Tasks Include:

  • provides independent opinions on the financial performance of an organisation, and the extent to which its obligations are fulfilled
  • verifies the accuracy of information contained in accounting records
  • verifies the existence of assets and liabilities mentioned in reports
  • prepares financial statements and reports for management, shareholders and statutory bodies
  • determines the efficiency and effectiveness of companies and government departments
  • may examine the records of government departments, statutory and municipal authorities and government-owned companies.

Internal Auditor Tasks Include:

  • evaluates the cost effectiveness and risks of operational processes, activities, policies and systems
  • reports to management on the existence and effectiveness of the system of internal controls
  • prepares financial statements and reports for management, shareholders and statutory bodies
  • establishes audit objectives, designs and implements audit methodologies, processes and audit report criteria
  • identifies and applies relevant professional standards and regulatory requirements
  • discusses reports with other auditors and issues reports recommending performance or control improvements.

CISA ( Course Review )