ISCO Specialization 2411.1.7 Financial Auditor
From Open Risk Manual
Definition
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.
Essential Skills
- Pose Questions Referring To Documents
- Economics
- Accounting Entries
- Inspect Tax Returns
- Conduct Financial Audits
- Interpret Financial Statements
- Check Accounting Records
- Accounting Department Processes
- Accounting Techniques
- Monitor Banking Activities
- Arrange Audit
- Financial Analysis
- Analyse Financial Risk
- Control Financial Resources
- Financial Department Processes
- Develop Audit Plan
- Present Reports
- Prepare Financial Auditing Reports
- Obtain Financial Information
- Corporate Law
- Accounting
- Observe Confidentiality
Optional Skills
- Liaise With Shareholders
- Ensure Compliance With Accounting Conventions
- Advise On Tax Planning
- Fraud Detection
- Trace Financial Transactions
- Communicate With Banking Professionals
- Financial Jurisdiction
- Disseminate Information On Tax Legislation
- Ensure Compliance With Disclosure Criteria Of Accounting Information
- Use Consulting Techniques
- Advise On Financial Matters
- Idenfify If A Company Is A Going Concern
- Advise On Credit Rating
- Financial Management
- Analyse Financial Performance Of A Company
- Maintain Records Of Financial Transactions
- Financial Products
- National Generally Accepted Accounting Principles
- Banking Activities
- Develop Financial Statistics Reports
- Tax Legislation
- Financial Statements
- Make Strategic Business Decisions
- International Tariffs
- International Financial Reporting Standards
- Internal Auditing
- Maintain Financial Records
- Evaluate Budgets
- Follow The Statutory Obligations
- Mergers And Acquisitions
- Maintain Trusts
- Joint Ventures
- Identify Accounting Errors
- Produce Statistical Financial Records
- Commercial Law
- Provide Support In Financial Calculation
- Insolvency Law
Alternative Names
- Internal Auditor
- Chartered Accountant
- Bank Examiner
- Auditor
- Internal Examiner
- Internal Auditors
- External Examiner
- External Auditor
- External Auditors
- Audit Manager
- Financial Examiner
- Bank Examiners
- Financial Systems Analyst
- Bank Auditor
- Senior Internal Auditor
- Auditors
- Finance Auditor
- Finances Auditor
