Steps to Become a Financial Auditor - PowerPoint PPT Presentation

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Steps to Become a Financial Auditor

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A financial auditor focuses on analyzing and recording policies and finances in an Organization based on government regulation in the current country they’re at. Making sure that liabilities, expenses, income and the others are in balance and that the company legal requirements are complete. – PowerPoint PPT presentation

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Title: Steps to Become a Financial Auditor


1
Steps 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.
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