An associate auditor guides other auditors and often monitors and provides training to staff of 3 or more trainees or senior auditors, who may be appointed for auditing of particular firm, or on a complex and large audit, may be accountable for handling a particular functional section of a company being audited.
Senior auditors engage in operating as "journey level" auditors carrying out various activities related with the demeanor of performance and financial audits. Associate auditors supervise, review, examine and develop the maintenance and preparation of accounting as well as financial records, supporting documentation and records and implement and develop accounting procedures and systems.
Responsibilities of an associate auditor
• Directs and plans the activities of research work on the company to be reviewed to decide its functions, major purposes, money involved and applicable regulations, rules and laws leading its operation
• Establishment of audit scope by determining and analyzing sections for audit and a specific time outline to be inspected.
• Plans different audit operations including particular audit tasks and decides audit schedule.
• Participates or conducts some conferences with the management of the company being confirmed to describe audit methodology and goals and also to get accessibility to records.
• Inspects different claims to make sure accurate modes of payment in some cases involving better rewards.
• Decides if any particular problem occurs for the advantage of employees appointed for the auditing work.
• Develops modified or new methods to get along with particular audit requirements
• Also implements statistical example plans.
• Analyzes the effectiveness and efficiency of the company in fulfilling its priorities and goals by inspecting program operations and contrasting different plans to those of other competitor organizations.
Besides discussing different findings of audit with the authorities of the firm, organizes or participates in some exit conferences.
Qualifications and experience
In order to augment the chances of getting a high paying job of associate auditor, one needs to pursue graduation in accounting or in commerce. However in some bigger corporations, a Master's degree in accounting is also demanded. No doubt, prior industry experience will improve the chances of getting a good position in the auditing industry. Moreover, in order to be presented as a skillful candidate for the specified job, the applicants also need to attend some training sessions or conferences. Capability to work with a team, good communication skills, problem solving and good judgment are some of the basic requisites that are needed by an associate auditor.
The future prospect of associate auditors is good as there has been observed a tremendous escalation in the number of associate auditors due to swiftly varying accounting rules and regulations.
So, pursue an accounting degree so as to ensure a bright and brilliant future.
