Statutory Auditor Career

Functional Skills

Functional Skills are essential skills that help individuals perform tasks effectively in everyday life, work, and education.

Auditing Principles and Standards

Financial Statement Analysis

Tax Laws and Regulations

Risk Assessment and Management

Internal Controls Evaluation

Data Analysis and Interpretation

Regulatory Compliance

Communication and Reporting

Problem-Solving and Critical Thinking

Professional Ethics and Integrity

Industry Knowledge

IT and Systems Auditing

Soft Skills

Communication, teamwork, and critical thinking to ensure seamless project execution.

Analytical Skills

Attention to Detail

Communication Skills

Problem-Solving Skills

Integrity and Ethics

Time Management

Adaptability

Teamwork and Collaboration

Technical Skills

Technical Skills are specialized abilities and knowledge needed to perform specific tasks or functions.

Auditing Software Proficiency

IFRS and Accounting Standards

Risk Assessment and Internal Controls

Data Analytics and Visualization

Regulatory Compliance and Legal Knowledge

Communication and Report Writing

Problem-Solving and Critical Thinking

Industry Knowledge

Forensic Accounting

Duties and Responsiblities

Task

95%

Conduct thorough audits of financial statements to ensure compliance with statutory requirements and accounting standards.

92%

Evaluate internal control systems to identify weaknesses and recommend improvements for better governance.

90%

Verify the accuracy and reliability of financial data by examining source documents and records.

88%

Assess the organization's adherence to applicable laws, regulations, and industry-specific guidelines.

85%

Prepare detailed audit reports summarizing findings, conclusions, and recommendations for management.

82%

Communicate audit results and recommendations to clients, stakeholders, and regulatory authorities.

80%

Plan and execute audit engagements, including defining scope, objectives, and timelines.

78%

Stay updated on changes in accounting standards, auditing regulations, and relevant legislation.

75%

Provide guidance and support to junior auditors and audit team members during engagements.

72%

Identify and assess risks of material misstatement in financial statements due to fraud or error.

70%

Perform analytical procedures to identify trends, patterns, and anomalies in financial data.

68%

Document audit procedures, findings, and conclusions in accordance with professional standards.

Work Activities

95%

Examine financial statements for accuracy and compliance with accounting standards and regulations.

92%

Ensure the organization adheres to all statutory requirements and legal obligations.

90%

Assess and improve internal control systems to safeguard assets and ensure data integrity.

88%

Support tax audits by preparing documentation and liaising with tax authorities.

85%

Identify and evaluate financial and operational risks to provide recommendations for mitigation.

82%

Prepare detailed audit reports and present findings to management and stakeholders.

80%

Implement procedures to detect and prevent fraudulent activities within the organization.

78%

Recommend improvements to financial and operational processes based on audit findings.

75%

Review and verify the accuracy and completeness of financial documentation.

72%

Communicate effectively with clients to gather information and address audit-related queries.

Detailed Work Profile

Interests