Short Description

Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.

 

Relations

Auditor, Internal Auditor, Auditor-in-Charge, Assurance Manager, Assurance Senior, Financial Auditor, Revenue Tax Specialist.

 

Wages & Employment Trends

  1. Median wages (2006) $26.26 hourly, $54,630 annual
  2. Employment (2006) 1,274,000 employees
  3. Projected growth (2006-2016) Faster than average (14% to 20%)
  4. Projected need (2006-2016) 450,000 additional employees

 

Tasks

  1. Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
  2. Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
  3. Prepare detailed reports on audit findings.
  4. Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.
  5. Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
  6. Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
  7. Supervise auditing of establishments, and determine scope of investigation required.
  8. Prepare, analyze, and verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.
  9. Confer with company officials about financial and regulatory matters.
  10. Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.

 

Tools & Technology

Tools used in this occupation:

  1. Desktop computers
  2. Notebook computers
  3. Personal computers
  4. Personal digital assistant PDAs or organizers — Personal digital assistants PDA
  5. Tablet computers

 

Technology used in this occupation:

  1. Compliance software — Intrax ProcedureNet; Lumigent Entegra; Paisley Cardmap; TrendTracker Compliance Solution
  2. Data base user interface and query software — Microsoft Access
  3. Financial analysis software — AuditWare software; MethodWare ProAudit Advisor; Thomson PPC e-Tools Suite; Tropics software
  4. Spreadsheet software — Microsoft Excel
  5. Time accounting software — WorkForce Software EmpCenter Time and Attendance

 

Knowledge

  1. Economics and Accounting — Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  2. English Language — Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  3. Customer and Personal Service — Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  4. Computers and Electronics — Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
  5. Mathematics — Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  6. Administration and Management — Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

 

Skills

  1. Time Management — Managing one’s own time and the time of others.
  2. Mathematics — Using mathematics to solve problems.
  3. Active Learning — Understanding the implications of new information for both current and future problem-solving and decision-making.
  4. Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  5. Reading Comprehension — Understanding written sentences and paragraphs in work related documents.
  6. Active Listening — Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  7. Writing — Communicating effectively in writing as appropriate for the needs of the audience.
  8. Coordination — Adjusting actions in relation to others’ actions.
  9. Judgment and Decision Making — Considering the relative costs and benefits of potential actions to choose the most appropriate one.
  10. Speaking — Talking to others to convey information effectively.

 

Abilities

  1. Written Comprehension — The ability to read and understand information and ideas presented in writing.
  2. Inductive Reasoning — The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
  3. Near Vision — The ability to see details at close range (within a few feet of the observer).
  4. Oral Comprehension — The ability to listen to and understand information and ideas presented through spoken words and sentences.
  5. Problem Sensitivity — The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
  6. Oral Expression — The ability to communicate information and ideas in speaking so others will understand.
  7. Mathematical Reasoning — The ability to choose the right mathematical methods or formulas to solve a problem.
  8. Number Facility — The ability to add, subtract, multiply, or divide quickly and correctly.
  9. Speech Clarity — The ability to speak clearly so others can understand you.
  10. Speech Recognition — The ability to identify and understand the speech of another person.

 

Work Activities

  1. Getting Information — Observing, receiving, and otherwise obtaining information from all relevant sources.
  2. Evaluating Information to Determine Compliance with Standards — Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
  3. Analyzing Data or Information — Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
  4. Interacting With Computers — Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  5. Establishing and Maintaining Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time.
  6. Communicating with Supervisors, Peers, or Subordinates — Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
  7. Identifying Objects, Actions, and Events — Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
  8. Processing Information — Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
  9. Organizing, Planning, and Prioritizing Work — Developing specific goals and plans to prioritize, organize, and accomplish your work.
  10. Monitor Processes, Materials, or Surroundings — Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems.

 

Work Context

  1. Telephone — How often do you have telephone conversations in this job?
  2. Face-to-Face Discussions — How often do you have to have face-to-face discussions with individuals or teams in this job?
  3. Electronic Mail — How often do you use electronic mail in this job?
  4. Importance of Being Exact or Accurate — How important is being very exact or highly accurate in performing this job?
  5. Contact With Others — How much does this job require the worker to be in contact with others (face-to-face, by telephone, or otherwise) in order to perform it?
  6. Work With Work Group or Team — How important is it to work with others in a group or team in this job?
  7. Indoors, Environmentally Controlled — How often does this job require working indoors in environmentally controlled conditions?
  8. Spend Time Sitting — How much does this job require sitting?
  9. Structured versus Unstructured Work — To what extent is this job structured for the worker, rather than allowing the worker to determine tasks, priorities, and goals?
  10. Frequency of Decision Making — How frequently is the worker required to make decisions that affect other people, the financial resources, and/or the image and reputation of the organization?

 

Job Zone

Considerable Preparation Needed

  1. Overall Experience A minimum of two to four years of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
  2. Job Training Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
  3. Job Zone Examples Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, human resource managers, computer programmers, teachers, chemists, and police detectives.
  4. SVP Range (7.0 to < 8.0)

 

Education

Most of these occupations require a four – year bachelor’s degree, but some do not.

 

Interests

  1. Conventional — Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
  2. Enterprising — Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
  3. Investigative — Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.

 

Work Styles

  1. Analytical Thinking — Job requires analyzing information and using logic to address work-related issues and problems.
  2. Integrity — Job requires being honest and ethical.
  3. Attention to Detail — Job requires being careful about detail and thorough in completing work tasks.
  4. Initiative — Job requires a willingness to take on responsibilities and challenges.
  5. Achievement/Effort — Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
  6. Dependability — Job requires being reliable, responsible, and dependable, and fulfilling obligations.
  7. Leadership — Job requires a willingness to lead, take charge, and offer opinions and direction.
  8. Independence — Job requires developing one’s own ways of doing things, guiding oneself with little or no supervision, and depending on oneself to get things done.
  9. Stress Tolerance — Job requires accepting criticism and dealing calmly and effectively with high stress situations.
  10. Cooperation — Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.

 

Work Values

  1. Working Conditions — Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions.
  2. Achievement — Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement.

 

Other Occupation Details:

  1. Controller/Treasurer
  2. Chief Executive
  3. Financial Examiner
  4. Financial Manager
  5. Purchasing Manager
  6. Accountant
  7. Tax Examiner
  8. Personal Finance Advisors
  9. Bookkeeper
  10. Budget Analyst
  11. Financial Analyst
  12. Credit Analyst
  13. Supervisor
  14. Loan Officer
  15. Bill Account Controller
  16. Administrative Officer
  17. Purchasing
  18. Cost Estimator
  19. Tax Preparer
  20. Clerk – Junior Accountant
  21. Clerk – Statement
  22. Teller
  23. Cashier