Graduate auditors are responsible for auditing financial operations, as well as preventing fraud and mismanagement on behalf of their organization. They are in charge of reviewing financial analysis and company statements to identify possible errors in the documentation. These individuals process large amounts of textual and numerical data to find misstatements in financial reports. For the graduate level, they should be able to develop audit plans and be the point of contact for banks and other government institutions.
Graduate auditors identify scope for auditing activities and follow specific procedures for operations. The actual auditing process can be done at different company locations, as documentation can be located at several places. Among their main duties are reviewing contracts and finding issues with program controls, fund expenses, and potential frauds in agreement terminology. Graduate auditors know how to use automated auditing software to process informations in a faster manner. They participate in business meetings to suggest new ways to improve auditing processes to use less company resources and increase productivity. They follow strict financial and legal policies to prevent incidents. They obtain records to analyze and present their findings and opinions in a detailed report. They work in an office setting with other financial professionals, who work together to perform all auditing functions in a timely manner. They are organized individuals that are capable of running calculations to verify financial accuracy. They report their progress to the auditor supervisor in their department.
A graduate degree in accounting, finance, economics, or a related field is required for this position. In addition, previous years of work experience in an auditor capacity can be helpful. Accounting certifications are a plus.
Graduate Auditor Tasks
- Perform basic accounting, such as recording revenues and reconcile and audit daily cash.
- Prepare and review financial statements and accounting entries.
- Assist with month end closing, including reports and explanations of variances.