Description
Examine and evaluate financial records, processes, and internal controls to provide independent assurance of accuracy, compliance, and reliability. Conduct audits, prepare reports, and recommend improvements to control systems and financial and budgetary reporting.
- • Prepare detailed reports on audit findings.
- • Report to management on audit results, asset utilization, and recommended operational or financial changes.
- • Collect and analyze data to detect control deficiencies, inefficiency, fraud, or non-compliance.
- • Inspect account books and accounting systems for efficiency, effectiveness, and adherence to GAAP or applicable frameworks.
- • Plan and supervise audits, defining scope, objectives, and testing procedures.
- • Confer with executives and process owners on financial, operational, and regulatory matters.
- • Evaluate financial and information systems and recommend controls to ensure reliability, data integrity, and security.
- • Verify cash balances, receivables, payables, securities, and canceled checks against records.
- • Examine records and interview personnel to confirm transaction recording and regulatory compliance.
- • Test and evaluate accounting records and financial statements for accuracy and completeness.
- • Propose audit adjustments and review client-prepared journal entries.
- • Review accounts and reconciliations to identify discrepancies and resolve differences.
- • Assess chart of accounts structure and the classification of transactions.
- • Observe and test inventory to verify existence and valuation.
- • Analyze operations, trends, costs, and revenues to assess risks and performance.
- • Present audit conclusions and risk-based recommendations to management and audit committees.
- • Assess and document internal controls, workflows, and recordkeeping systems, leveraging current technology.
- • Perform compliance testing for payroll, benefits, and HR processes, including tax and labor requirements.
- • Conduct audits on-site or remotely, including walkthroughs, sampling, and substantive testing.
- • Advise management on control design, process improvements, and regulatory compliance.
- • Lead and mentor audit staff; coordinate fieldwork and timelines.
- • Perform pre-implementation and post-implementation audits of new systems and programs.
- • Test budgetary controls and compare actual results to budgets for variance analysis.
- • Verify disclosures and supporting documentation for annual reports and financial statements.
- • Review and analyze data on assets, liabilities, equity, income, and expenditures for completeness and classification.
- • Maintain audit workpapers and documentation in accordance with professional standards.
- • Ensure audits comply with GAAS, IIA Standards, or other applicable frameworks.
- • Use data analytics and computer-assisted audit techniques to enhance testing.
- • Monitor remediation of audit findings and validate corrective actions.
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Financial Services
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Tasks & skills:
O*NET occupational data (work activities, skills, knowledge).
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Sources & Standards:
This site includes information from O*NET by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under the CC BY 4.0 license. Career Clutch has modified some of this information for student readability. USDOL/ETA has not approved, endorsed, or tested these modifications. O*NET® is a trademark of USDOL/ETA.
Last reviewed: Jan 2026
