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Audit careers

Explore some of the variety of specialisms and roles available to those working in audit. Audit careers are currently changing, with AI and other new technology transforming day-to-day tasks. Some specialisms are developing fast, with new opportunities emerging for digital asset or cryptocurrency auditors.

Audit senior

Job summary: As an audit senior, you’ll be responsible for leading and managing audits, from planning through to completion. Acting as a bridge between the audit manager and junior auditors, you will typically also review work performed by junior colleagues, providing them with guidance and support.

Qualities needed: strong understanding of auditing standards, procedures and key risks. Excellent written and verbal communication skills, combined with good attention to detail and analytical skills. Audit seniors will often need to work under pressure and manage multiple tasks efficiently, while maintaining high professional standards.

Typical tasks:

  • Preparing UK GAAP compliant financial statements
  • Visiting clients at their premises, supervising and supporting junior members on site visits
  • Reviewing and assessing the accuracy of the client’s financial records, looking for any material misstatements
  • Working with clients to understand their financial and business processes
  • Providing clients with reports containing recommendations to improve their internal controls and financial reporting procedures

Resources:

Audit manager

Job summary: As an audit manager, you’ll use your industry experience to manage each audit as a project, providing clear objectives, deadlines and feedback for your team. You will oversee the audits carried out by your team, ensuring compliance with relevant regulations and standards.

Qualities needed: excellent leadership, communication, project management and time management skills. Deep technical expertise in auditing and financial reporting standards

Typical tasks:

  • Supporting the Audit Partner to plan and execute audits
  • Assigning audits and responsibilities to audit team members
  • Monitoring the work of audit team members to ensure they are meeting professional standards
  • Maintaining strong client relationships
  • Conducting performance reviews and providing constructive feedback and coaching to team members
  • Identifying opportunities for improving audit processes and methodologies

Resources:

Audit partner

Job summary: The audit partner holds a senior, pivotal role within an audit firm. They are ultimately responsible for the quality and execution of each audit carried out, holding Responsible Individual status.

Qualities needed: Excellent analytical and critical thinking abilities are required, in order to assess complex financial data and maintain professional scepticism. An audit partner will also need strong interpersonal and motivational skills to lead their team, maintain relationships with clients and win new business.

Typical tasks:

  • Managing audit budgets and ensuring appropriate allocation of resources
  • Developing business opportunities and winning new work for the firm
  • Ensuring excellent client service delivery, building and maintaining strong relationships
  • Overseeing, mentoring and supporting the audit team
  • Identifying and assessing audit engagement risks and implementing mitigation strategies
  • Reviewing and approving audit reports before they are presented to clients
  • Staying up-to-date with industry changes, new regulations and best practices

Resources:

Internal auditor

Job summary: An internal auditor in the UK ensures the efficiency, effectiveness, and compliance of their organization's operations.

Qualities/skills needed: Attention to detail, knowledge of regulatory standards, risk management expertise, internal controls knowledge

Typical tasks:

  • Perform internal audits of financial, operational, and compliance areas.
  • Prepare audit reports summarizing findings and making recommendations for improvements.
  • Monitoring the implementation of audit recommendations.
  • Advise senior management on risk management, internal controls, and governance issues.

Resources:

External auditor

Job summary: An external auditor in the UK specialises in providing an independent and objective assessment of the finances of organisations they audit. They will ensure an organisation’s financial statements are accurate and comply with accounting standards and regulatory requirements.

Qualities/skills needed: familiarity with accounting principles and auditing standards, evaluation and investigation skills, critical thinking, ability to develop client relationships, good time management and project management skills.

Typical tasks:
  • Collecting and analyzing financial data and supporting documents to verify the accuracy and completeness of financial statements.
  • Checking that the organization complies with all relevant financial reporting standards, laws, and regulations.
  • Producing audit reports that provide an opinion on the financial statements.
  • Communicating audit findings to senior management and making recommendations to improve financial practices and internal controls.

Resources:

Public auditor

Job summary: Auditors may decide to specialise in carrying out public sector external audits (also known as local audits). This might typically involve auditing local government, NHS trusts, transport authorities, police or fire services. Public audits provide taxpayers with assurance that the money spent by local public bodies has been spent properly, giving accountability and transparency. Rather than just auditing financial statements, local auditors also report on the audited body’s arrangements to secure value for money.

Qualities needed: Good organisational skills, strong attention to detail, excellent communicator capable of building relationships with clients

Typical tasks:
  • Preparing UK GAAP compliant financial statements
  • Visiting clients at their premises, supervising and supporting junior members on site visits
  • Reviewing and assessing the accuracy of the client’s financial records, looking for any material misstatements
  • Working with clients to understand their financial and business processes
  • Providing clients with reports containing recommendations to improve their internal controls and financial reporting procedures

Resources:

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