Profession audit supervisor
Audit supervisors oversee audit staff, planning and reporting, and review the audit staff's automated audit work papers to ensure compliance with the company's methodology. They prepare reports, evaluate general auditing and operating practices, and communicate findings to the superior management.
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- Conventional / Enterprising
- Corporate law
The legal rules that govern how corporate stakeholders (such as shareholders, employees, directors, consumers, etc) interact with one another, and the responsibilities corporations have to their stakeholders.
- National generally accepted accounting principles
The accounting standard accepted in a region or country specifying the rules and procedures to disclose financial data.
- Audit techniques
The techniques and methods that support a systematic and independent examination of data, policies, operations and performances using computer-assisted audit tools and techniques (CAATs) such as spreadsheets, databases, statistical analysis and business intelligence software.
- Tax legislation
Tax legislation applicable to a specific area of specialisation, such as import tax, government tax, etc.
- International financial reporting standards
The set of accounting standards and rules aimed at companies listed in the stock exchange which are required to publish and disclose their financial statements. Standard that facilitates comparability and understandability across countries.
- Financial statements
The set of financial records disclosing the financial position of a company at the end of a set period or of the accounting year. The financial statements consisting of five parts which are the statement of financial position, the statement of comprehensive income, the statement of changes in equity (SOCE), the statement of cash flows and notes.
- Pose questions referring to documents
Revise and formulate questions in regards to documents in general. Investigate about the completeness, confidentiality measures, style of the document, and specific instructions to handle documents.
- Develop audit plan
Define all organisational tasks (time, place and order) and develop a checklist concerning the topics to be audited.
- Interpret financial statements
Read, understand, and interpret the key lines and indicators in financial statements. Extract the most important information from financial statements depending on the needs and integrate this information in the development of the department's plans.
- Communicate problems to senior colleagues
Communicate and give feedback to senior colleagues in the event of problems or non-conformities.
- Observe confidentiality
Observe the set of rules establishing the nondisclosure of information except to another authorised person.
- Analyse financial performance of a company
Based on accounts, records, financial statements and external information of the market, analyse the performance of the company in financial matters in order to identify improvement actions that could increase profit.
- Arrange audit
Arrange a systematic examination of books, accounts, documents, and vouchers to ascertain how far the financial statements present a true and fair view, and to ensure that the books of accounts are properly maintained as required by law.
- Supervise staff
Oversee the selection, training, performance and motivation of staff.
- Prepare financial auditing reports
Compile information on audit findings of financial statements and financial management in order to prepare reports, point out improvement possibilities, and confirm governability.
- Ensure continuous preparedness for audits
Ensure constant compliance with standards and requirements, such as keeping certifications up to date and monitoring activities to ensure correct procedures are followed, so that audits can occur smoothly and no negative aspects can be identified.
- Prepare audit activities
Prepare an audit plan including both pre-audits and certification audits. Communicate with the different processes in order to implement the improvement actions that lead to certification.