High-income level and diverse auditing job opportunities have attracted the attention of many candidates. If you are contemplating pursuing this industry, you must know about the tasks performed and the recruitment requirements to make it easier to apply. Follow the article below of Navigos Search to understand this information!
1. What is auditing?
Auditing is the process of synthesizing, analyzing, and evaluating the accuracy of the numbers on the financial statements provided by the chief accountant. Through that, the auditor will assess the enterprise's financial situation to help leaders make the right investment and business decisions.
An auditor is a person who summarizes, analyzes and evaluates data in financial statements
2. Types of current audits
Here are the most common types of audits:
Internal audit
Internal audit is the process of ensuring that an enterprise's operations always comply with the law, business ethics, and regulations. The internal auditor will be responsible for detecting errors in the business activities of the enterprise and advising and orienting the director on risk management strategies.
Independent audit
The independent audit is a type of audit performed by professional auditors. They operate independently at the audit organization and perform the audit at the request of the client.
Operational audit
This is a type of audit to examine and evaluate the economy, efficiency, and effectiveness in the management and use of finance and public assets of an enterprise. It's usually performed by internal or independent auditors. This audit report mainly focuses on explaining the assessment and making suggestions for improvement of the operation.
Compliance audit
Compliance audit can simply be understood as the audit to assess whether the inspected enterprise complies with regulations and laws. The person doing this job should conduct a review of all information, transactions, and operational compliance of the audited entity.
Financial statement audit
This audit type is the process of checking and giving an opinion on the truthfulness and reasonableness of the information in the financial statements of the enterprise. The audit will be performed based on principles, standards, current policies, and regulations. Financial statement audit is currently the most popular and crucial form in businesses.
Auditor perform many important work
3. Auditor recruitment requirements
The auditing job requires candidates to meet the following conditions:
Qualifications and experience
Auditing recruiters all require candidates to have a university degree or higher in the Faculty of Auditing, Finance, Accounting, or Economics with at least 3-5 years of experience in an equivalent position. Possessing ACCA and CFA practice certificates and being fluent in foreign languages and proficient in Microsoft Office (Word, Excel, Powerpoint) is an advantage when applying for this job.
Being good at calculation
The nature of the job requires you often work with numbers, calculations to check, calculate costs, revenues and expenditures, review information, etc. Being good at calculations will help you perform tasks easily and quickly.
Ability to express ideas concisely and persuasively
A professional auditor must express ideas persuasively to gain the trust of superiors and parties using audit services. Based on aggregated data, applying this professional knowledge and skills will help auditors easily convince listeners to receive issues accurately and quickly.
Time management skills and ability to work well under pressure
Auditors have to take on a lot of different jobs, so the pressure on their shoulders is inevitable. To pursue a long-term career, it is necessary to withstand high pressure.
An auditor must manage many various projects. In a project, there will be a workload to be directly performed, work to be monitored, and important meetings to be met. At this time, only by improving time management skills will they ensure all these jobs are well done.
Observational and high analytical thinking skills
The difference between the accounting and auditing professions is the way of looking at the problem. If the main job of accountants goes from detail to summary, the prime auditor's task is to look at the summary and then go to each specific detail. Therefore, the auditor must have observation skills to identify and grasp new problems. In addition, the pressure of completing the work within a certain time also requires understanding the problem quickly to find the mistake in the financial statements.
The characteristics of the audit industry require high observational and logical thinking abilities. Each problem that occurs in the financial statements will have many separate solutions and produce completely different results. Therefore, you must constantly improve your analytical thinking skills to arrange work scientifically and find the most optimal adjustment plan.
You have to hone numerous critical skills
Objectivity and prudence
These qualities will help the auditor to draw a fair and accurate conclusion without being influenced by anyone or any other factors. The auditor must check and evaluate the accuracy of the data provided by the accountant, so carefulness and honesty are vital factors. You must make sure to draw conclusions when there is a basis of true, specific, and complete information and always respect the provisions of the law.
Excellent teamwork skills
The auditing job includes a process with many steps to follow so that an individual cannot complete the task. Therefore, you must work well with other members to discuss, solve problems, and ensure high-quality work progress.
4. Benefits received
The current average income of an auditor is 9-20 million VND per month. This number will vary depending on capacity, work experience, and work efficiency. Besides, there are many remuneration regimes such as a high bonus, 13th-month salary, vacation, insurance regime, and many other benefits.
In addition to performing an audit career, you can also take on many other positions, including tax and corporate finance consulting, risk management, accounting services consulting, and fixed asset management. When possessing expertise, extensive experience, and continuing to improve your qualifications to a Master's degree, constantly making great efforts in your work, you can totally advance to the senior leadership position of Chief Financial Officer (CFO).
Salary and benefits in the profession
5. Applying for an auditing job at Navigos Search
To find this job quickly and get the best working environment, the first choice is still to apply at the headhunter company.
Established in 2002, Navigos Search is currently considered Vietnam's leading prestigious headhunter company. We constantly update recruitment news in the auditing field and many other ones for candidates to choose from in the Jobs category on Navigossearch.com.
Navigos Search belongs to Navigos Group which is the owner of the number 1 recruitment website in Vietnam - VietnamWorks. With a massive data volume of more than 5 million employer accounts, we have supported candidates in finding jobs.
Besides, we also have a team of well-trained consultants through specialized courses on professional skills. All of them graduate from University or higher and have extensive experience in recruitment. With a strict working process based on the candidate's capacity and experience and the current labor market situation, our specialists will search, exchange, and advise you on the most suitable job.
Find jobs quickly at Navigos Search
Notably, with 375,000+ senior candidates, 85,000+ senior management candidates available, and optimal recruitment solutions, Navigos Search has become the leading digital "talent hunter" in Vietnam. With a mission to help candidates and businesses achieve their goals, we call our consultants "Dream Makers" to affirm and remind every day of our mission.
If you want to find a job in the audit industry, do not hesitate to send us your CV to receive an interview invitation when there is a suitable vacancy. If your business needs to recruit middle and high-level personnel, we will hunt for talent to bring your company the best candidates. We are confident to be the most reliable choice for candidates and employers in Vietnam!
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