Auditor
What's it like to be an Auditor?
An Auditor performs audits on a company’s financial and accounting records to check for any inaccuracies, and ensures they are compliant with the law and other regulations. They also check the efficiency of the company and make suggestions based on their findings. Depending on the nature of the company, an Auditor may need to check if it is compliant with industry-specific regulations as well, such as greenhouse gas emissions, commodity trading activities, and licenses.
Tasks and duties
- Preparing and finalising reports and financial statements.
- Performing audits on companies’ accounting and financial records.
- Conducting risk assessments, audit programs, and procedures.
- Providing recommendations to clients and stakeholders on improving existing financial and accounting systems.
Different kinds of Auditors include External, Internal, Forensic, and Government Auditors. External and Internal Auditors both examine a company’s financial documents, but External Auditors are hired third-party Auditors while Internal Auditors are company employees. Forensic Auditors conduct forensic accounting and audits for the court. Government Auditors audit government agencies as well as individuals and companies working with the government.
How to become an Auditor
To work as an Auditor, formal education is required.
Graduate with a bachelor degree in accountancy, finance, business administration, or banking.
Become a member of the Association of Chartered Certified Accounts or an equivalent recognised by the Institute of Singapore Chartered Accounts (ISCA). Membership with these associations may be preferred by some hirers.
Gain one to three years’ worth of experience in an accounting firm.
Progress to an Auditor role in public, forensic, or corporate fields.
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