§ OCCUPATION · GLOBAL STANDARDS

financial auditor

Financial auditors collect and examine financial data for clients, organisations and companies.

Description

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.

Theoretical Knowledge

ESSENTIALTheoretical knowledge required

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

OPTIONALAdjacent knowledge that strengthens fit

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

Practical Skills

ESSENTIALApplied skills & competences

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

Data Source: Unified Global Standards (ISCED, ISCO, O*NET, ESCO)