INTRODUCTION:
After reading about different career paths in accounting, I would choose auditing -
internal auditing to be specific. Auditing is a verification activity of a process or system to ensure
compliance with requirements (ASQ, n.d.). A person who does auditing is called an auditor.
An auditor is an accounting specialist whose main duty is to review the financial records
of public companies and determine their accuracy and legality in line with the General Accepted
Accounting Principles (GAAP). An auditor can also work in an advisory capacity, assisting
companies to improve their operational efficiency by enabling them with methods to detect and
avoid fraud and other discrepancies that may endanger the organization/company (Liberto,
2020).
I have chosen this career path – auditing - because I like to achieve the required standards
in everything I am doing, including other activities done by others but related to my work. This
is not only applied in activities related to finance but to all my other activities – I always want to
ensure specific standards and processes are followed. This makes me a natural auditor. For this
specific assignment, I have chosen auditing, but specifically, internal auditing because (1) I
would be able to ensure my work and others within the firm I am working for – or my firm in a
near future – abide by financial standards and comply to required financial policies or processes
set. This will help the firm from the inside to achieve its goals smoothly. (2) I chose internal
auditing, not other types of auditing specifically because I would like to be associated with one
firm and help it achieve its financial objectives to succeed. Being an auditor internally would
allow me to ensure the firm prepares and conforms to all financial policies – before external
auditing – as I wouldn’t want my firm to disappoint. Also, being an internal auditor would pave
, way for me to assist a company in generating financial statements and other reports without
errors which will help the decision-making process for the company’s future. As I hinted above,
I am planning to have my own firm and by being an auditor, I will be able to avoid and detect
fraud and be able to have unbiased information that will help me run my company to the profits.
JOB DESCRIPTION OF AN AUDITOR:
In general, auditors review accounts of companies to ensure the validity and legality of
financial records. They also advise, recommending cost-saving methods as well as measures to
avoid fraud and other discrepancies (Target Jobs, n.d.).
Their key responsibilities include:
Assembly and analysis of spreadsheet data. This may include verification of assets and
liabilities by comparing items to documentation, and completing audit questionnaires to
assess the accuracy of internal control systems.
Examining company accounting and financial control systems to help in identifying
weaknesses in a company’s operational efficiency.
Identifying gaps in operational efficiency in a company and advising on changes to be
implemented to fill those gaps.
Assessing the level of financial risk in a company.
Preparing reports, statements, and commentaries by summarizing operating information
and trends.
Ensuring the reliability and accuracy of financial records and reports in line with the
General Accepted Accounting Principles (GAAP).
After reading about different career paths in accounting, I would choose auditing -
internal auditing to be specific. Auditing is a verification activity of a process or system to ensure
compliance with requirements (ASQ, n.d.). A person who does auditing is called an auditor.
An auditor is an accounting specialist whose main duty is to review the financial records
of public companies and determine their accuracy and legality in line with the General Accepted
Accounting Principles (GAAP). An auditor can also work in an advisory capacity, assisting
companies to improve their operational efficiency by enabling them with methods to detect and
avoid fraud and other discrepancies that may endanger the organization/company (Liberto,
2020).
I have chosen this career path – auditing - because I like to achieve the required standards
in everything I am doing, including other activities done by others but related to my work. This
is not only applied in activities related to finance but to all my other activities – I always want to
ensure specific standards and processes are followed. This makes me a natural auditor. For this
specific assignment, I have chosen auditing, but specifically, internal auditing because (1) I
would be able to ensure my work and others within the firm I am working for – or my firm in a
near future – abide by financial standards and comply to required financial policies or processes
set. This will help the firm from the inside to achieve its goals smoothly. (2) I chose internal
auditing, not other types of auditing specifically because I would like to be associated with one
firm and help it achieve its financial objectives to succeed. Being an auditor internally would
allow me to ensure the firm prepares and conforms to all financial policies – before external
auditing – as I wouldn’t want my firm to disappoint. Also, being an internal auditor would pave
, way for me to assist a company in generating financial statements and other reports without
errors which will help the decision-making process for the company’s future. As I hinted above,
I am planning to have my own firm and by being an auditor, I will be able to avoid and detect
fraud and be able to have unbiased information that will help me run my company to the profits.
JOB DESCRIPTION OF AN AUDITOR:
In general, auditors review accounts of companies to ensure the validity and legality of
financial records. They also advise, recommending cost-saving methods as well as measures to
avoid fraud and other discrepancies (Target Jobs, n.d.).
Their key responsibilities include:
Assembly and analysis of spreadsheet data. This may include verification of assets and
liabilities by comparing items to documentation, and completing audit questionnaires to
assess the accuracy of internal control systems.
Examining company accounting and financial control systems to help in identifying
weaknesses in a company’s operational efficiency.
Identifying gaps in operational efficiency in a company and advising on changes to be
implemented to fill those gaps.
Assessing the level of financial risk in a company.
Preparing reports, statements, and commentaries by summarizing operating information
and trends.
Ensuring the reliability and accuracy of financial records and reports in line with the
General Accepted Accounting Principles (GAAP).
