Will “Auditors” be Replaced By Robots? 🤔

Unknown Chance of Automation

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Job Description

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

Job Details

The SOC (Standard Occupational Classification) code is 13-2011.02

Also Known As…

Tasks for “Auditors”

Produce up-to-the-minute information, using internal computer systems, to allow management to base decisions on actual, not historical, data.
Direct activities of personnel engaged in filing, recording, compiling and transmitting financial records.
Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
Prepare detailed reports on audit findings.
Examine records, tax returns, and related documents pertaining to settlement of decedent's estate.
Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.
Conduct pre-implementation audits to determine if systems and programs under development will work as planned.
Supervise auditing of establishments, and determine scope of investigation required.
Examine inventory to verify journal and ledger entries.
Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.
Confer with company officials about financial and regulatory matters.
Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.
Audit payroll and personnel records to determine unemployment insurance premiums, workers' compensation coverage, liabilities, and compliance with tax laws.
Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
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.
Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.
Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.
Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets.
Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.

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