subject: Job Profile for a Career in Internal Auditing and Taxation [print this page] The purpose of internal auditing focuses upon helping organisations to achieve their objectives. The basic requirement for the audit jobs includes analysing the business procedures and processes of the organisation in order to find out any of the underlying organisational problems. Internal auditors would have to search for the efficacy of financial reporting, operations, as well s investigation of fraudulent elements that may surface the organisation. Furthermore, the audit jobs may also ask the person to solve any of the errors that come alongside while safeguarding assets, as well as financial reporting.
On the contrary, chartered accountant jobs vary from auditing in that the person is required to provide strategic advice in order to solve the issues that surface owing to forensic accounting, taxation, corporate finance, and business recovery. In the commercial sector, the chartered accountant jobs levy their focus onto liaising external as well as internal auditors, preparing financial reports and statements, financial planning, negotiation, while at the public level a chartered accountant may need to advise clients on the business transactions, tax planning, business improvement, as well as analysing risk. In general, a chartered accountant is responsible for offering trustworthy information on the financial records for an individual or a company.
The primary responsibilities that come along with cost accountant jobs include comparing the costs with that of the estimates, analysing of the manufacturing costs, costs achieved from sales, as well as during the production development. The basic requirement of the cost accountant jobs is to assert inventory system of the company with integrity. The person is also required to take care of the ordering, negotiation with clients in terms of costs, as well as handling any delays that may come upfront in a product delivery. Furthermore, cost accountant job profile also requires balancing the records and resoling any of the accounting issues. Inventory reconciliation as well as cost analysis forms the core of this job profile.
Internal audit jobson the contrary, pertain to tax planning for an individual or for an organisation, as the case may be. The inputs from a tax manager are crucial for analytical support as well as decision making in terms of finance and risks. The person may be required to handle both indirect as well as direct taxes, though they require marked differences. Although, the common requirements for both forms of taxes include knowing of the regular tax updates that could have a marked effect on the company and business, as well as attending any of the events that could help better the taxation process. For the same, taxation jobs ask for good communications about tax counsels, statutory authorities, as well as auditors.
Job Profile for a Career in Internal Auditing and Taxation
