Auditors are professionals who review the company accounts and examine the financial performance of the organization. The auditors advise the clients based on their assessment of the accounts on viable measures that the company can take to strengthen their financial position and the extent of financial risk that the company can take at the moment. The role of the auditors is important in monitoring the financial position of the organization and assessing the future capabilities of the firm in terms of its operational viability and potential risk assumption in future business development activities. The auditor thus helps in assisting the firm in financial decision making and ensuring that the firm fulfills its accountability requirements.
The auditor works with the accounting department of the firm or with chartered firms or professional firms. Their job profile involves collecting of vital financial information, analyzing data, and ensuring that the accounting standards comply with the existing rules and regulations.
The auditors are responsible for analyzing financial statements, checking the financial records of the company for accuracy and reliability, preparing reports, and advising the firm on financial decisions and viability of existing and proposed operations. The auditors identify the firm’s ability to assume financial risks and recommend suitable measures after reviewing its existing operations.
- Excellent numerical abilities and problem solving skills
- Eye for detail
- High level of motivation and dedication to their work