Title: Steps to Become a Financial Auditor
1Steps to Become a Financial Auditor
A financial auditor focuses on analyzing and
recording policies and finances in an
Organization based on government regulation in
the current country theyre at. Making sure that
liabilities, expenses, income and the others are
in balance and that the company legal
requirements are complete. To be a Financial
Auditor, it is required to have at least a
bachelor or masters degree in accounting,
finance or equivalent field with the required
certification. Note that main responsibilities
will be on financial statements, tax and public
records. Updating financial status and creating
an annual plan based on the market
trend. Financial Auditor are most of the time
independent and working with companys financial
records as a project based or contracted by
private businesses and even in government
organization. As this field has good stability
and growth rates, those who are in major in
business aside from accounting or even if you
are someone who are planning for a career change,
you can consider this as one of your
choices. Read Also Why a Financial Auditor is
Significant for a Business Here are some useful
steps to shift and be a Financial Auditor.
2- Steps to Become a Financial Auditor
- Know all about the position. Specially, if you
are someone not familiar with the field this is
important. Being knowledgeable with the new
career path youre going into will give a clear
decision and mindset. Remember that changing jobs
is never easy and it will take a lot of time,
effort and even money. - First
- It is required that the classes you will take is
discipline related to economics and finance or at
least, equivalent. Being extra cautious about
the classes will be a big help as it will take a
long time to complete and accomplish. Though
having an accounting or finance background is an
advantage. But for those who do not have can take
advance related certification courses. However,
others will still require a bachelors degree and
freshers should always focus on understanding
the every classes. - Second
- After completing the required educational
background, an exam to be a qualified CPA is
needed before taking another step towards your
goal To be a Financial Auditor. The exam is not
that much easy thats why, a person who are
really interested to take another step towards
his/her goal should take extra measures and do
some research about the upcoming exam to have an
idea and to be more prepared. - Third
- Exam have four parts but this will still depends
on the country you are taking this finance or
accounting course/classes. Below is not
synchronize to come first or last on the exam - Federation taxation including business law and
ethics under Regulation. - Reporting for Financial and Accounting Principles
for private, government and nonprofit
organizations. - General Business Transactions is about the
different types of business such as Sole
Proprietorship, Partnership and Corporation.
Keeping track on year-end fiscal. - Break-even analysis for auditing and attestation
covers the basic and main tasks in related to
engagement and issuance of reports.