auditing-clerk/references/tasks.md

Tasks & work activities — auditing clerk

Source: O*NET 30.3, occupation 13-2011.00 (Accountants and Auditors).

Task statements

• [Core] Prepare detailed reports on audit findings.
• [Core] Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.
• [Core] Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.
• [Core] Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.
• [Core] Supervise auditing of establishments, and determine scope of investigation required.
• [Core] Confer with company officials about financial and regulatory matters.
• [Core] Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
• [Core] Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.
• [Core] Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.
• [Core] Prepare, examine, or analyze accounting records, financial statements, or other financial reports to assess accuracy, completeness, and conformance to reporting and procedural standards.
• [Core] Prepare adjusting journal entries.
• [Core] Review accounts for discrepancies and reconcile differences.
• [Core] Establish tables of accounts and assign entries to proper accounts.
• [Core] Examine inventory to verify journal and ledger entries.
• [Core] Analyze business operations, trends, costs, revenues, financial commitments, and obligations to project future revenues and expenses or to provide advice.
• [Core] Report to management regarding the finances of establishment.
• [Core] Develop, implement, modify, and document recordkeeping and accounting systems, making use of current computer technology.
• [Core] Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets.
• [Core] Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.
• [Core] Audit payroll and personnel records to determine unemployment insurance premiums, workers' compensation coverage, liabilities, and compliance with tax laws.
• [Supplemental] Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.
• [Supplemental] Compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting, or other tax requirements.
• [Supplemental] Advise clients in areas such as compensation, employee health care benefits, the design of accounting or data processing systems, or long-range tax or estate plans.
• [Supplemental] Direct activities of personnel engaged in filing, recording, compiling, and transmitting financial records.
• [Supplemental] Conduct pre-implementation audits to determine if systems and programs under development will work as planned.
• [nan] Develop, maintain, or analyze budgets, preparing periodic reports that compare budgeted costs to actual costs.
• [nan] Prepare, analyze, or verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.
• [nan] Process invoices for payment.
• [nan] Review data about material assets, net worth, liabilities, capital stock, surplus, income, or expenditures.

Detailed work activities

• Advise others on business or operational matters.
• Advise others on financial matters.
• Advise others on human resources topics.
• Analyze budgetary or accounting data.
• Analyze business or financial data.
• Analyze financial information.
• Assess financial status of clients.
• Calculate tax information.
• Collect evidence for legal proceedings.
• Conduct financial or regulatory audits.
• Coordinate regulatory documentation activities.
• Develop business or financial information systems.
• Discuss business strategies, practices, or policies with managers.
• Evaluate effectiveness of personnel policies or practices.
• Examine financial records or processes.
• Examine financial records.
• Investigate legal issues.
• Oversee business processes.
• Pay charges, fees, or taxes.
• Prepare financial documents, reports, or budgets.
• Prepare financial documents.
• Prepare operational budgets.
• Report information to managers or other personnel.
• Verify accuracy of financial information.
• Verify accuracy of records.