financial auditor

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.

Alternative Labels

audit manager

auditor

bank auditor

bank examiner

chartered accountant

external auditor

external examiner

finance auditor

finances auditor

financial auditor

financial examiner

financial systems analyst

internal auditor

internal examiner

senior internal auditor

Regulatory Aspect

To see if and how this occupation is regulated in EU Member States, EEA countries or Switzerland please consult the Regulated Professions Database of the Commission. Regulated Professions Database:

http://ec.europa.eu/growth/single-market/services/free-movement-professionals/qualifications-recognition_en

Skills & Competences

Essential Skills and Competences

analyse financial risk arrange audit check accounting records conduct financial audits control financial resources develop audit plan inspect tax returns interpret financial statements monitor banking activities observe confidentiality obtain financial information pose questions referring to documents prepare financial auditing reports present reports

Essential Knowledge

accounting accounting department processes accounting entries accounting techniques corporate law economics financial analysis financial department processes

Optional Skills and Competences

advise on credit rating advise on financial matters advise on tax planning analyse financial performance of a company communicate with banking professionals develop financial statistics reports disseminate information on tax legislation ensure compliance with accounting conventions ensure compliance with disclosure criteria of accounting information evaluate budgets follow the statutory obligations identify accounting errors identify if a company is a going concern liaise with shareholders maintain financial records maintain records of financial transactions maintain trusts make strategic business decisions produce statistical financial records provide support in financial calculation trace financial transactions use consulting techniques

Optional Knowledge

banking activities commercial law financial jurisdiction financial management financial products financial statements fraud detection insolvency law internal auditing international financial reporting standards international tariffs joint ventures mergers and acquisitions national generally accepted accounting principles tax legislation

Concept URI

Concept Uri

http://data.europa.eu/esco/occupation/1ad59946-d13e-441e-9b36-56e1df055e21

Status

released

Occupations