You’re not looking for an accountant.
You’re looking for a professional auditor who can assess your financials.
Here are some tips to get you set up.
AUDITING INTRODUCES AUSTRALIA’S LARGEST AUDITORS ANAL INSTRUMENTS AUDITERS are the nation’s largest auditors, with nearly 70,000 auditors across Australia, according to a new report.
AUDITS ARE A ‘MOMENTUM MAKER’ AUDIT professionals are now a regular presence in Australia’s business environment.
That means they are used to analysing large numbers of business documents, from contracts to financial statements.
AUDIAC, which is run by the Australian Financial Review, said auditors now make up about one in five employees in the Australian economy.
They are used for the most mundane tasks: making payments, confirming invoices, assessing accuracy of contracts, and auditing a range of financial instruments.
The report said AUDIACC also identified a growing number of “audit professionals” who were “increasingly being recruited as a result of their increasing role in financial reporting”.
AUDIADELIC, the audit agency that oversees the Australian Institute of Chartered Accountants (AICA), has also reported an increase in the number of auditors in the industry, with a rise of about 10 per cent over the past year.
AUDILOGICAL AUDIT, the national audit agency, said it expects to add another 15,000 audit jobs by 2020.
It has also launched a new online tool for auditors that allows them to create a profile and search for an audit job, and send out job offers.
AUDIFACT, a recruitment company for auditing firms, said more than 6,000 people have applied to become an audit professional since it launched its app in January 2017.
It said more companies were using it, including the Sydney Morning Herald.
AUDINT ANALYSIS: How do I prepare for a financial audit?
What are the most common mistakes made in auditing?
How do you keep track of your progress?
These are some of the most important questions to ask an accountant in a financial auditing role.
Some auditors use a “scripted audit”, which involves writing the audit notes down, and then scanning them on paper.
Another option is “in-person auditing”, which can involve a person reading the documents, and comparing them with notes in the person’s handwriting.
Auditors also use digital auditing software such as Kite or a mobile phone app.
AUDIO: Aussie accounting firm reveals it has created its own auditing system for customers’ money Read more “AudiAudit” and “Audit for All” are two popular online auditing tools, which allow people to perform tasks such as checking a contract or analysing an invoice.
Audits can also be done by computer, but it can take longer to perform.
The “Audium” app was launched in December 2017, and provides an online tool that allows users to perform the same tasks as the in-person process, but with a greater number of questions and more advanced reporting.
It can also show you how your audit has progressed over time.
“The goal is to make it easy for audited clients to make informed financial decisions, to improve financial outcomes for their customers and to provide more insight into the financial health of their business,” said Lisa Anderson, chief executive officer of AUDIAudit.
AUDIENCE MEMBERSHIP: The best places to meet an accountant with a passion for the field.