An audit specialist provides internal audit services to a company to ensure that various departments are adhering to company guidelines and legal requirements. The audit specialist must have proficient computer skills, as creating reports is often required. The audit specialist must carry out audits in an objective manner and must be familiar with company operations and products. Often, a software program is used in this process and to detect anomalies.
The audit specialist analyzes operations and documents to ensure that they are running effectively and appropriately. The audit specialist oversees various audits, including those involving financial performance and company operations. The position often requires leading an audit team to carry out various audits. When these audits are assigned, the audit specialist oversees them to ensure that they are carried out correctly within the specified time frame. The audit specialist should also make sure that each team member is carrying out the audits according to pre-determined guidelines.
The audit specialist must stay up to date with changes in laws to ensure that departments within the company are educated and adhere to the changes. The audit specialist should also carry out continuous research to learn about changes and trends within the field, reporting them to management to determine if changes in operations need to be carried out accordingly.
The position generally requires a bachelor’s degree in business, accounting, or a related field. Many positions require experience in auditing positions.
Audit Specialist Tasks
Assist with month end closing, including reports and explanations of variances.
Prepare and review financial statements and accounting entries.
Perform basic accounting, such as recording revenues and reconcile and audit daily cash.