Financial Auditor Business & Administration Professionals
SaveWhat Does a Financial Auditor Do?
Financial auditors collect and examine financial data for clients, organisations and companies. They ensure the financial data is properly maintained and free of material misstatements due to error or fraud, that it adds up, and functions legally and effectively. They review lending and credit policies or numbers in databases and documents, evaluate, consult and assist the source of the transaction if necessary. They use their review of the client's financial governance as assurance to give testimony to the shareholders, stakeholders and board of directors of the organisation or company that all is up to par.
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Where Do I Start?
Financial Analysis
The process of assessing the financial possibilities, means, and status of an organisation or individual by analysing financial statements and reports in order to make well informed business or financial decisions.
Sign up to trackReady to go deeper? Pick up to 3 skills to focus on from the list below.
These are common skills for this role. Real-world experience matters more than ticking every box — use this as a guide, not a checklist.
Skills You Need to Become a Financial Auditor
Essential Skills
Essential Skills
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EssentialFinancial Analysis knowledge
The process of assessing the financial possibilities, means, and status of an organisation or individual by analysing financial statements and reports in order to make well informed business or financial …
No book recommendations available yet.
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EssentialAccounting Techniques knowledge
The techniques of recording and summarising business and financial transactions and analysing, verifying, and reporting the results.
Recommended Books
2 books -
EssentialAccounting knowledge
The documentation and processing of data regarding financial activities.
No book recommendations available yet.
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EssentialAccounting Department Processes knowledge
The different processes, duties, jargon, role in an organisation, and other specificities of the accounting department within an organisation such as bookkeeping, invoices, recording, and taxing.
No book recommendations available yet.
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EssentialCorporate Law knowledge
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.
No book recommendations available yet.
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EssentialEconomics knowledge
Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.
No book recommendations available yet.
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EssentialFinancial Department Processes knowledge
The different processes, duties, jargon, role in an organisation, and other specificities of the financial department within an organisation. Understanding of financial statements, investments, disclosing policies, etc.
No book recommendations available yet.
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EssentialAccounting Entries knowledge
The financial transactions recorded in accounting systems or books of a company together with the metadata linked to the entry such as the date, the amount, the accounts affected, and …
Recommended Books
1 book -
EssentialAnalyse Financial Risk skill
Identify and analyse risks that could impact an organisation or individual financially, such as credit and market risks, and propose solutions to cover against those risks.
Course recommendations coming soon.
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EssentialCheck Accounting Records skill
Revise the accounting records of the quarter and year and ensure that the accounting information reflects with accuracy the financial transactions of the company.
Course recommendations coming soon.
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EssentialConduct Financial Audits skill
Evaluate and monitor the financial health, the operations and financial movements expressed in the financial statements of the company. Revise the financial records to ensure stewardship and governability.
Course recommendations coming soon.
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EssentialControl Financial Resources skill
Monitor and control budgets and financial resources providing capable stewardship in company management.
Course recommendations coming soon.
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EssentialInterpret Financial Statements skill
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 …
Course recommendations coming soon.
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EssentialObserve Confidentiality skill
Observe the set of rules establishing the nondisclosure of information except to another authorised person.
Course recommendations coming soon.
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EssentialObtain Financial Information skill
Gather information on securities, market conditions, governmental regulations and the financial situation, goals and needs of clients or companies.
Course recommendations coming soon.
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EssentialPose Questions Referring To Documents skill
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.
Course recommendations coming soon.
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EssentialPrepare Financial Auditing Reports skill
Compile information on audit findings of financial statements and financial management in order to prepare reports, point out improvement possibilities, and confirm governability.
Course recommendations coming soon.
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EssentialPresent Reports skill
Display results, statistics and conclusions to an audience in a transparent and straightforward way.
Course recommendations coming soon.
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EssentialArrange Audit skill
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 …
Course recommendations coming soon.
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EssentialDevelop Audit Plan skill
Define all organisational tasks (time, place and order) and develop a checklist concerning the topics to be audited.
Course recommendations coming soon.
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EssentialInspect Tax Returns skill
Inspect the documents which declare liability for taxation which is not automatically withheld from wages and salaries to ensure correct taxes are being paid by the liable individuals and organisations.
Course recommendations coming soon.
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EssentialMonitor Banking Activities skill
Supervise and review banking activities such as lending and other transactions to ensure legality of these actions.
Course recommendations coming soon.
Optional Skills (5 of 37 displayed)
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OptionalCommercial Law knowledge
The legal regulations that govern a specific commercial activity.
Recommended Books
1 book -
OptionalBanking Activities knowledge
The broad and continuously growing banking activities and financial products managed by banks ranging from personal banking, corporate banking, investment banking, private banking, up to insurance, foreign exchange trading, commodity …
No book recommendations available yet.
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OptionalInternal Auditing knowledge
The practice of observing, testing, and evaluating in a systematic manner the processes of the organisation in order to improve effectivity, reduce risks, and add value to the organisation by …
No book recommendations available yet.
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OptionalJoint Ventures knowledge
The legal agreement between companies which get together to create a temporary legal entity where they can share knowledge, technology, and other assets aiming at developing new products or services …
Recommended Books
5 books -
OptionalInsolvency Law knowledge
The legal rules regulating the incapacity to pay debts when they fall due.
Recommended Books
2 books -
OptionalFinancial Management knowledge
The field of finance that concerns the practical process analysis and tools for designating financial resources. It encompasses the structure of businesses, the investment sources, and the value increase of …
No book recommendations available yet.
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OptionalFinancial Statements knowledge
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 …
Recommended Books
1 book -
OptionalInternational Financial Reporting Standards knowledge
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.
Recommended Books
1 book -
OptionalFinancial Jurisdiction knowledge
Financial rules and procedures applicable to a certain location, whose regulatory bodies decide on its jurisdiction
No book recommendations available yet.
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OptionalFinancial Products knowledge
The different types of instruments that apply to the management of cash flow that are available on the market, such as shares, bonds, options or funds.
No book recommendations available yet.
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OptionalFraud Detection knowledge
The techniques used to identify fraudulous activities.
No book recommendations available yet.
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OptionalMergers And Acquisitions knowledge
The process of joining together separate companies and relatively equal in size, and the purchase of a smaller company by a bigger one. The financial deals, the legal implications, and …
No book recommendations available yet.
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OptionalNational Generally Accepted Accounting Principles knowledge
The accounting standard accepted in a region or country specifying the rules and procedures to disclose financial data.
No book recommendations available yet.
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OptionalTax Legislation knowledge
Tax legislation applicable to a specific area of specialisation, such as import tax, government tax, etc.
No book recommendations available yet.
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OptionalInternational Tariffs knowledge
Know international tariffs, taxes, or duties that must be paid on a particular class of import or export materials.
No book recommendations available yet.
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OptionalAdvise On Financial Matters skill
Consult, advise, and propose solutions with regards to financial management such as acquiring new assets, incurring in investments, and tax efficiency methods.
Course recommendations coming soon.
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OptionalAdvise On Tax Planning skill
Advise on appropriate strategies to include taxes in the overall financial plan in order to reduce the tax load. Advise on questions related to tax legislation and provide advise on …
Course recommendations coming soon.
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OptionalAnalyse Financial Performance Of A Company skill
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 …
Course recommendations coming soon.
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OptionalCommunicate With Banking Professionals skill
Communicate with professionals in the field of banking in order to obtain information on a specific financial case or project for personal or business purposes, or on behalf of a …
Course recommendations coming soon.
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OptionalDevelop Financial Statistics Reports skill
Create financial and statistical reports based on collected data which are to be presented to managing bodies of an organisation.
Course recommendations coming soon.
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OptionalDisseminate Information On Tax Legislation skill
Provide advise on the possible implications for companies or individuals on decisions regarding tax declaration based on tax legislation. Advise on the favourable tax strategies that could be followed depending …
Course recommendations coming soon.
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OptionalEvaluate Budgets skill
Read budget plans, analyse the expenditures and incomes planned during certain period, and provide judgement on their abidance to the general plans of the company or organism.
Course recommendations coming soon.
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OptionalFollow The Statutory Obligations skill
Understand, abide by, and apply the statutory obligations of the company in the daily performance of the job.
Course recommendations coming soon.
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OptionalLiaise With Shareholders skill
Communicate and serve as communication point with shareholders in order to provide an overview on their investments, returns, and long-term plans of the company to increase profitability.
Course recommendations coming soon.
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OptionalMaintain Financial Records skill
Keep track of and finalise all formal documents representing the financial transactions of a business or project.
Course recommendations coming soon.
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OptionalMaintain Records Of Financial Transactions skill
Collate all the financial transactions done in the daily operations of a business and record them in their respective accounts.
Course recommendations coming soon.
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OptionalMake Strategic Business Decisions skill
Analyse business information and consult directors for decision making purposes in a varied array of aspects affecting the prospect, productivity and sustainable operation of a company. Consider the options and …
Course recommendations coming soon.
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OptionalProduce Statistical Financial Records skill
Review and analyse individual and company financial data in order to produce statistical reports or records.
Course recommendations coming soon.
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OptionalProvide Support In Financial Calculation skill
Provide colleagues, clients or other parties with financial support for complex files or calculations.
Course recommendations coming soon.
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OptionalTrace Financial Transactions skill
Observe, track and analyse financial transactions made in companies or in banks. Determine the validity of the transaction and check for suspicious or high-risk transactions in order to avoid mismanagement.
Course recommendations coming soon.
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OptionalUse Consulting Techniques skill
Advise clients in different personal or professional matters.
Course recommendations coming soon.
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OptionalAdvise On Credit Rating skill
Share your expertise in the evaluation process which assesses the debtor's ability, be it a government institution or a business, to pay back its debt.
Course recommendations coming soon.
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OptionalEnsure Compliance With Accounting Conventions skill
Exercise accounting management and abidance by generally accepted accounting conventions such as recording transactions at the current price, quantifying goods, separating personal accounts of managers from those of the company, …
Course recommendations coming soon.
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OptionalEnsure Compliance With Disclosure Criteria Of Accounting Information skill
Revise the accounting information of the company to make sure it meets the commonly agreed criteria for its disclosure such as understandability, relevance, consistency, comparability, reliability, and objectivity.
Course recommendations coming soon.
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OptionalIdenfify If A Company Is A Going Concern skill
Analyse financial statements, financial information and the outlook of the company in order to determine the going concern of the company.
Course recommendations coming soon.
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OptionalIdentify Accounting Errors skill
Trace accounts, revise the accuracy of the records, and determine the faults in order to solve them.
Course recommendations coming soon.
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OptionalMaintain Trusts skill
Handle the money meant for investing into a trust and ensure it is placed into the trust, as well as ensure that the due outgoing payments are made to the …
Course recommendations coming soon.