Auditors conduct audits of accounting systems, procedures and financial statements, manage corporate funding and financial risk, administer and review corporate compliance activities.
- Arrange for, giving notice of and attend meetings of directors and shareholders.
- Supervise organizations’ share capital by preparing documents and share issues and handle share transfers.
- Control treasury and treasury systems, establish and review risk management objectives and treasury policies.
- Identify, manage and report financial risks.
- Assist with equity management, debt management, securities and taxation planning issues.
- Collect, analyse and interpret information on the financial standards, cost structures and trading effectiveness of organizations.
- Devise, re-organize and establish budgetary cost control and other accounting systems such as computer-based systems.
- Conduct audits and investigations, prepare financial statements and reports for management, shareholders, governing and statutory bodies.
- Evaluate the cost effectiveness and risks of operational processes, activities, policies and systems.
- Report to management on the existence and effectiveness of the system of internal controls.
- Establish audit objectives, design and implement audit methodologies, processes and audit report criteria.
- Data on Job Outlook are updated on a yearly basis and are compiled from national statistics which may not reflect either on regional variations or more recent changes in employment conditions.
- Employment for Auditors and Company Secretaries in 2016-17 is expected to grow strongly. Employment in this medium sized occupation (17 800 in November 2011) increased moderately in the past five years and in the long-term (ten years).
- Auditors and Company Secretaries have a high proportion of full-time jobs (93.4%). For Auditors and Company Secretaries working full-time, average weekly hours are 40.7 (compared to 41.3 for all occupations) and earnings are above average . Unemployment for Auditors and Company Secretaries is average.
- Auditors and Company Secretaries are employed across several industries including: Professional, Scientific and Technical Services; Public Administration and Safety; Financial and Insurance Services; Health Care and Social Assistance.
- The (internet) vacancy level for Auditors and Company Secretaries is moderate. Annually, 10.3% of Auditors and Company Secretaries leave this group, creating potential job openings (this compares with 14.2% across all occupations).
- The mix of industries employing Auditors and Company Secretaries is favourable for employment growth prospects.
The pay scale of an internal auditor ranges between AUD$44,842 – AUD$102,459 and the median being a AUD$69,443.