Audit Specialist Responsibilities

Job Descriptions » Audit » Audit Specialist Responsibilities

Auditing is a process wherein the financial records of an organization are examined and analyzed to reflect the transparency and truth of the financial transactions made by a particular company. This also shows that the company is free of fraud and is accurate and perfect in maintaining the financial records. A person who specializes in assisting and performing these essential duties is called an audit specialist. Audit specialist responsibilities include assessing of the reports by a professional auditor that will help in enhancing the growth of the organization to achieve its goals and objectives.

Key Responsibilities of Audit Specialist

Audit specialists help in the progress of the company by using a systematic approach to achieve the goals set by an organization. The role of an audit specialist is highly demanding and requires handling of some of the major responsibilities which are as under:

He is actively involved in handling complex and difficult audit projects
He conducts audits of financial, control and other operating records data and information to ensure its effectiveness and efficiency
He designs, implements different audit strategies, procedures and programs for complex assignments
He formulates different policies and procedures as per the requirements of the specific assignment
He also makes recommendations to improve the efficiency of a particular project
He coordinates and plans training programs for the development of audit staff-members

In addition to these responsibilities he is also responsible for handling various other duties which are as under:

He keeps himself updated with the latest developments in the auditing field and prepares and conducts special studies and reports related to that field
He helps in the preparation of budgets
He maintains all the records, data and the relevant information for further reference and correspondence
He acts as an important link between the clients and the subordinates
He constantly communicates with the staff-members to solve the issues related to work thus helping to improve the work flow and efficiency

Essential Skills of an Audit Specialist

If you have the following set of skills you can definitely become a good audit specialist:

Thorough knowledge of the auditing principles and practices
Should have an ability and skill to perform complex mathematical computation
Should be good at written and oral presentation skills
Should be proficient in computers, especially in Microsoft Word, Excel, PowerPoint and other related audit software
Should have an ability to identify the audit problems and take corrective action
Should be able to develop and maintain positive working relationships with the clients and the employees within an organization

Educational Requirements for an Audit Specialist

A bachelor's degree in finance, management, audit or economics is necessary. An audit specialist should have a Certificate in Public Accounting or a Certified Management Accounting certification. A demonstrated auditing experience will definitely prove to be beneficial.

Salary Details

The salary offered for an audit specialist is generally satisfactory. However, higher salaries may be offered to candidates who are more experienced and qualified for that particular post.

Work Schedule

Audit specialist works generally from 8 a.m. To 5 p.m. He may need to work extra if he needs to complete some work on a priority basis or needs to meet some clients. He may be required to travel occasionally.

Career Advancement

An audit specialist has ample opportunities for career advancement in the form of an audit director or a finance director. He can be promoted to a senior post once he has proved his ability as an audit specialist.

Audit specialist responsibilities are complex in nature, but if they are backed with strong academic qualifications, skills and relevant auditing experience the handling of these duties would definitely become much more easier. These duties if shouldered well help the business to grow by eliminating all the errors and frauds and presenting the company that has good moral values.

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