Associate Auditor Responsibilities

Auditing of accounts or processes is an important phase for any organization. It helps the organization to plan future strategies to improve the functions and the financial position of the organization. Associate auditor responsibilities help in this regard. An associate auditor is entitled to a job wherein he gets a chance to further learn about auditing and also serve the organization with his expertise in auditing.

Associate auditor usually works under the direction and guidance of senior auditor or audit manager. While a process associate auditor will be working to examine a specific or a few processes, an accounts auditor on the other hand concentrates solely on the examination of finance and accounts of an organization.

The responsibilities of an associate process auditor are to check the functioning of a particular process and the concerned staff. He has to go through the activities of staff or department and the outcome for a specific period of time. Upon completion, he will have to present and discuss the findings and analyze the output of the process and whether it meets the organizational or industry standards. Together with the senior auditors, he finds out whether any improvisations are needed and if yes, then how they need to be implemented to make a process more productive.

As for the accounts associate auditor, the responsibilities are to compile the overall financial records from the accounts of an organization. For this process, he has to coordinate with the accounts department and verify the accuracy of accounts before finalizing the facts and figures. The data so collected helps in acknowledging current position of an organization in terms of finance and whether the profit or loss has been correctly represented in the annual statements.

The associate auditor responsibilities will let you understand the work flow you will be adapting when selected for this position

Associate Process Auditor Responsibilities

• An associate process auditor contacts the clients to get the information about the process and the number of people employed in the process.
• He prepares a detailed report regarding the workflow of the process and specific duties of each employee in the process.
• He obtains information about the time period allotted to the various staff of the process and the actual time taken to complete a specific task or project.
• He also gathers information about the resources such as computer systems, equipments and other materials assigned for a project or the whole process.
• He compiles the above said statistics and presents the detailed report to the senior auditor or audit manager for further review.
• He researches for possible alternatives with the senior auditor/audit manager that will further help in improving the efficiency of people and resources.

Associate Accounts Auditor Responsibilities

• An associate accounts auditor compiles the information gathered through the financial records. He has to check all the records personally and verify the accuracy of each transaction.
• He presents the information in the form of statistics that help the senior auditor to analyze not just the financial position, but also in studying the growth or decline in the business.
• He assists the senior auditor to recommend strategies for financial planning and budgeting to the clients.
• He also helps in assessing the total taxable amount and in filing tax returns.

Skills of an Associate Auditor

An associate auditor is expected to be an excellent listener and speaker as he is required to work in coordination with many people. He should be able to interpret complex data and present the same in a very simple manner for the understanding of senior staff. He should be self motivated and a goal oriented individual who can work flawlessly in stringent deadlines.

Becoming an Associate Auditor

Getting into this job is easy with a bachelor's or master's degree in finance, business, information technology or a related course. Prior experience is beneficial, though not mandatory for all positions.

Career Scope for Associate Auditor

An associate auditor is eligible to earn an income of $50,000 to $70,000 annually.

Associate auditor responsibilities are to help execute the audit projects successfully through effective implementation of expertise and knowledge.