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Auditors

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Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.

    Work Activities
    • Prepare detailed reports on audit findings.
    • Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
    • Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
    • Supervise auditing of establishments, and determine scope of investigation required.
    • Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
    • Prepare, analyze, and verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.
    • Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.
    • Confer with company officials about financial and regulatory matters.
    • Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
    • Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.
    • Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.
    • Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.
    • Examine records, tax returns, and related documents pertaining to settlement of decedent's estate.
    • Examine inventory to verify journal and ledger entries.
    • Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets.
    • Produce up-to-the-minute information, using internal computer systems, to allow management to base decisions on actual, not historical, data.
    • Direct activities of personnel engaged in filing, recording, compiling, and transmitting financial records.
    • Conduct pre-implementation audits to determine if systems and programs under development will work as planned.
    • Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.
    • Audit payroll and personnel records to determine unemployment insurance premiums, workers' compensation coverage, liabilities, and compliance with tax laws.
    Skills
    • Active Listening

      Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

    • Reading Comprehension

      Understanding written sentences and paragraphs in work related documents.

    • Critical Thinking

      Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

    WorkKeys®
    Applied Math
    6
    Workplace Documents
    5
    Graphic Literacy
    5
    Abilities
    • Deductive Reasoning

      The ability to apply general rules to specific problems to produce answers that make sense.

    • Number Facility

      The ability to add, subtract, multiply, or divide quickly and correctly.

    • Oral Expression

      The ability to communicate information and ideas in speaking so others will understand.

    Knowledge
    • Economics and Accounting

      Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

    • English Language

      Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

    • Mathematics

      Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

    Career Video
    Additional videos and more information available on CareerOneStop
    Pay
    • Ohio Annual Salary $64,630/yr
    • Typical Salary
    • Ohio Hourly Wage $31.07/hr
    • Typical Hourly Wage
    Ohio Employment Trends
    • Currently Employed 47,430
    • Yearly Projected Openings 4,480
    Typical Education
    Personality
    Conventional: People interested in this work like activities that include data, detail, and regular routines. They do well at jobs that need:
    • Integrity
    • Attention to Detail
    • Analytical Thinking
    • Dependability
    • Stress Tolerance
    • Cooperation
    Tools
    • Scanners
    • Personal digital assistant PDAs or organizers
    • Personal computers
    • Notebook computers
    • Desktop computers
    Technology
    • Financial analysis software
    • Enterprise resource planning ERP software
    • Compliance software
    • Analytical or scientific software
    • Accounting software
    Tags
    • InDemand occupations are considered a priority by the state of Ohio.
    • Bright Outlook occupations will grow rapidly in the next few years, have a large number of openings, or are new and emerging careers.