As an independent financial expert, you will be employed by companies and individuals to carry out thorough due-diligence checks on their end-of-year accounts. This check is a detailed look into the company's ingoing and outgoings, looking for any erroneous payments or deposits that have not been authorised or declared. As well as checks on the books, you will also be asked to advise the company on any areas where savings can be made whether working for a private sector or public sector company, it's vital that spending is kept to a minimum. As well as figures, you will be expected to audit any stock or equipment the company may have.
An innate understanding of how companies work and operate is absolutely essential. As well as thorough investigations into your client's books, you will also be expected to put systems in place to ensure that any discrepancies or oversights do not happen in the future. Working as an independent, you will be expected to highlight any potential fraud, overspending, non-compliance with tax laws or respected procedures, and any wrong doings related to the business.
Auditors need to have a firm head for numbers, an eagle eye for detail, and a thorough and methodical way of working and superb communication skills. An auditing job is a number's game. Profit and loss accounts, balance sheets and bank statements will be your every day tools. An auditor's key responsibilities include developing a strong working relationship with clients, which will enable you to understand their balance sheets and the inner workings of their business. If any areas of concern arise, you must be able to communicate honestly and clearly with the client, helping them to reduce risk within the company, and take advantage of any cost-saving opportunities. At busy times of the financial year, you will be expected to work the hours necessary in order to complete the audits required by your client.