subject: Understanding Audit Trainee Jobs [print this page] In case you have excellent analytical skills and like figures, audit trainee jobs could just be the suitable work for you. As an audit trainee, you will be under the direct guidance of a senior manager in a consulting firm, accounting firm or a public listed company.
Part of your job would be to review and analyze the company's internal policies and strategies, identify weak control areas, work on "high risk areas" and making sure that the financial reports are accurate and correct. Should discrepancies occur in the audit reports, a follow up is to be produced afterwards to make sure that the corrective methods were used. Trainee jobs are entry level jobs that require at least two to four years college degree.
Tax Audit - Tax auditors are the people who will assist business organizations to abide tax laws, regulations, and commitments. For business owners who want to learn how to save on taxes, these people are ready to help and evaluate your current set up.
If you work in a tax audit organization, senior tax auditors will direct you when you perform your duties. Typical projects include investigation of operations data, revenue, and determination if proper recording, control, and reportage were accomplished for global activities.
As a tax trainee, senior auditors will teach you the way to determine, review and verify whether correct taxes were applied to sales and if the organization paid those taxes to federal, state or local collection offices. Analysis and overview of monthly sales taxes and verifying if they were deposited on time can become part of your duties.
Financial Audit - Financial auditors are accountable for making sure that financial records were prepared according to the accepted accounting concepts and practices. The job involves financial trainees to evaluate the credibility of information from recording to reporting. With the supervision of senior auditors, trainees can analyze business trends, financial statements and examine the company's performance. In addition, trainees should be able to compare historical data from previous financial reports for audit purposes.
Inside Auditors - Trainee jobs for inside auditing entails an understanding in operating controls, guidelines and procedures segmentation, management styles, and resources policies. Internal auditors are accountable for ensuring that controls are applied as well as evaluating these control policies if they are sufficient and effective. Business entities need control to clarify tasks and to provide accuracy in financial statements. These guidelines can remedy deficiencies once discovered.
Budget Analysis and Finance - Trainees in this area work under the umbrella of a senior budget analysts, which will support them understand the business metrics, operating performance and functioning capital models. Analysis of historical data, forecasting of future activities and recommending solutions for underperforming areas of the business are few of the many duties exercised by budget and finance analyst. For much more about trainee jobs please click our links below for more details.
