What's it like to be an Audit Associate?
An Audit Associate usually works within a team to help review and check important financial records and information. They can either be hired in an accounting firm or as part of a company’s in-house audit team. Their role is primarily to help ensure that the company's financial statements are accurate and follow all the necessary rules and regulations. An Audit Associate is tasked to carefully review a company’s financial records, such as their expenses, sales, purchases, salaries, and other transactions. They examine them thoroughly and compare the information in the records with other documents to ensure everything is correct. They also check if the company follows the proper accounting standards and laws.
Tasks and duties
- Reviewing and examining financial records, statements, and transactions.
- Ensuring compliance with accounting standards and regulations.
- Verifying the accuracy of financial data.
- Using specialized software and tools to analyze financial information.
- Preparing detailed reports summarizing audit findings and recommendations.
- Collaborating with audit team members and effectively communicating audit results.
Many companies prefer Audit Associate candidates with a degree relevant to auditing, backed up with practical experience.
Complete a bachelor degree in a related field such as accountancy, finance or business administration.
Gain experience in auditing at an auditing or accounting firm. You will need 24 months of internal audit experience before earning a Certified Internal Auditor (CIA) certification.
Work on earning your CIA certification and passing the exam.