Examines and analyzes accounting records to determine financial status of establishment and prepares financial reports concerning operating procedures:
Reviews data regarding material assets, net worth, liabilities, capital stock, surplus, income, and expenditures. Inspects items in books of original entry to determine if accepted accounting procedure was followed in recording transactions. Counts cash on hand, inspects notes receivable and payable, negotiable securities, and cancelled checks. Verifies journal and ledger entries of cash and check payments, purchases, expenses, and trial balances by examining and authenticating inventory items. Prepares reports for management concerning scope of audit, financial conditions found, and source and application of funds. May make recommendations regarding improving operations and financial position of company. May supervise and coordinate activities of auditors specializing in specific operations of establishments undergoing audit. May audit banks and financial institutions and be designated Bank Examiner (government ser.). May examine company payroll and personnel records to determine worker's compensation coverage and be designated Payroll Auditor (insurance).