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Financial auditors

OaSIS code 11100.01

Financial auditors examine and analyze the accounting and financial records of individuals and establishments to ensure accuracy and compliance with established accounting standards and procedures.

Overview

Also known as

  • Auditors supervisor
  • Financial auditor
  • Income tax investigator
  • Tax examiner

Main duties

This group performs some or all of the following duties:

  • Examine and analyze journal and ledger entries, bank statements, inventories, expenditures, tax returns and other accounting and financial records, documents and systems of individuals, departments within organizations, businesses or other establishments to ensure financial recording accuracy and compliance with established accounting standards, procedures and internal controls
  • Prepare detailed reports on audit findings and make recommendations to improve individual or establishment's accounting and management practices
  • Conduct field audits of businesses to ensure compliance with provisions of the Income Tax Act, Canadian Business Corporations Act or other statutory requirements
  • May supervise other auditors or professionals in charge of accounting within client's establishment.

Additional information

  • Progression to auditing or accounting management positions is possible with experience.

Similar occupations classified elsewhere

Exclusions:

  • Financial managers (10010)
  • Accounting technicians and bookkeepers (12200)
  • Natural and applied science policy researchers, consultants and program officers (41400)
  • Economists and economic policy researchers and analysts (41401)
  • Business development officers and market researchers and analysts (41402)
  • Social policy researchers, consultants and program officers (41403)
  • Health policy researchers, consultants and program officers (41404)
  • Education policy researchers, consultants and program officers (41405)
  • Recreation, sports and fitness policy researchers, consultants and program officers (41406)
  • Program officers unique to government (41407)
  • Other professional occupations in social science (41409)

Skills match:

View occupations with similar skills and abilities requirements

NOC hierarchy breakdown

NOC version

NOC 2021 Version 1.0

Broad occupational category

1 – Business, finance and administration occupations

TEER

1 – Occupations usually require a university degree

Major group

11 – Professional occupations in finance and business

Sub-major group

111 – Professional occupations in finance

Minor group

1110 – Auditors, accountants and investment professionals

Unit group

11100 – Financial auditors and accountants

Occupational profile

11100.01 – Financial auditors

Work characteristics

Work characteristics gathers the various components describing the work environment of each occupation, such as employers, work activities, and the work context. Each category displays up to 10 descriptors in descending order based, firstly, on their attributed ratings by the level of complexity (for Work Activities) or other measurement dimensions (for Work Context), and secondly, in alphabetical order. The whole list of descriptors and their ratings can be expanded at the bottom of each page.

Work Activities

Proficiency or complexity level
Analyzing Data or Information
5 - Highest Level
Evaluating Information to Determine Compliance
5 - Highest Level
Applying New Knowledge
4 - High Level
Clerical Activities
4 - High Level
Coaching and Developing Others
4 - High Level

Work Context

Structural Job Characteristics

Structured versus Unstructured Work
Degree of freedom to determine tasks and priorities
3 - Moderate amount of freedom
Work Week Duration
Worked hours in a typical week
2 - Between 35 to 40 hours

Physical Work Environment

Physical Proximity
Physical distance from others
3 - Somewhat close (e.g. share office)

Physical Demands

Sitting
Duration
4 - More than half the time
Standing
Duration
1 - Very little time
Bending or Twisting the Body
Duration
1 - Very little time

Interpersonal Relations

Contact with Others
Frequency
4 - Every day, a few times per day
Duration
5 - All the time, or almost all the time
Work with Work Group or Team
Importance
4 - Highly important
Frequency
3 - Once a week or more but not every day

Workplaces/employers

  • Private sector accounting and auditing firms/departments
  • Public sector accounting and auditing departments/units
  • Self-employed

Skills and abilities

This section displays the various competencies required for an occupation. Each category displays up to 10 descriptors in descending order based, firstly, on their attributed ratings by the level of proficiency (for Skills and Abilities) or importance (for Personal Attributes) and secondly, in alphabetical order. The whole list of descriptors and their ratings can be expanded at the bottom of each page.

Abilities

Proficiency or complexity level
Mathematical Reasoning
5 - Highest Level
Numerical Ability
5 - Highest Level
Categorization Flexibility
4 - High Level
Deductive Reasoning
4 - High Level
Fluency of Ideas
4 - High Level

Skills

Proficiency or complexity level
Critical Thinking
4 - High Level
Decision Making
4 - High Level
Digital Literacy
4 - High Level
Evaluation
4 - High Level
Management of Financial Resources
4 - High Level

Personal Attributes

Importance
Analytical Thinking
5 - Extremely important
Attention to Detail
5 - Extremely important
Active Learning
4 - Highly important
Adaptability
4 - Highly important
Collaboration
4 - Highly important