11100 – Financial auditors and accountants
11100 – Financial auditors and accountants
Financial auditors examine and analyze the accounting and financial records of individuals and establishments to ensure accuracy and compliance with established accounting standards and procedures. Accountants plan, organize and administer accounting systems for individuals and establishments. They are employed by private sector accounting and auditing firms or departments and public sector accounting and auditing departments or units, or they may be self-employed. Articling students in accounting firms are included in this unit group.
Profile
Index of titles
Accountant
Accountant-controller
Accountants supervisor
Accounting controller
Analyst-accountant
Assistant controller
Audit unit head - taxation
Auditor - finance
Auditor-chartered accountant (CA)
Auditors supervisor
Bank branch accountant
Bank reserves auditor
Bankruptcy trustee
Budget accountant
Certified general accountant (CGA)
Certified management accountant (CMA)
Chartered accountant (CA)
Chartered accountant (CA) student
Chartered professional accountant, certified general accountant (CPA, CGA)
Chartered professional accountant, certified management accountant (CPA, CMA)
Chartered professional accountant, chartered accountant (CPA, CA)
Chief accountant
Claims accountant
Computer audit specialist
Cost accountant
Cost accounting supervisor
Departmental accountant
Division controller - accounting
Field auditor - finances
Financial accountant
Financial auditor
Financial control officer
Financial management officer
Financial management officer - pension plan analysis
Financial management officer - program budgeting
General accountant
Income tax adjuster
Income tax adviser
Income tax consultant
Income tax expert
Income tax investigator
Income tax specialist
Industrial accountant
Industrial auditor
Intermediate accountant
Internal audit project manager
Internal audit supervisor - finances
Internal auditor
Internal auditor - finances
Internal auditors supervisor - finances
Machine processing accountant
Management accountant
Management accounting chief
Manufacturing accountant
Plant accountant
Plant controller
Production accountant
Project accountant
Property accountant
Public accountant
Public accountants chief
Public accountants supervisor
Reinsurance analyst
Sales auditor - finances
Senior accounting analyst
Senior cost accountant
Senior intern auditor
Tax accountant
Tax adviser
Tax analyst
Tax auditor
Tax consultant
Tax evaluator
Tax examiner
Tax expert
Tax specialist
Taxation rulings officer
Main duties
This group performs some or all of the following duties:
Financial auditors
Examine and analyze journal and ledger entries, bank statements, inventories, expenditures, tax returns and other accounting and financial records, documents and systems of individuals, departments within organizations, businesses or other establishments to ensure financial recording accuracy and compliance with established accounting standards, procedures and internal controls
Prepare detailed reports on audit findings and make recommendations to improve individual or establishment's accounting and management practices
Conduct field audits of businesses to ensure compliance with provisions of the Income Tax Act, Canadian Business Corporations Act or other statutory requirements
May supervise other auditors or professionals in charge of accounting within client's establishment.
Accountants
Plan, set up and administer accounting systems and prepare financial information for individuals, departments within organizations, businesses and other establishments
Examine accounting records and prepare financial statements and reports
Develop and maintain cost finding, reporting and internal control procedures
Examine financial accounts and records and prepare income tax returns from accounting records
Analyze financial statements and reports and provide financial, business and tax advice
May act as a trustee in bankruptcy proceedings
May supervise and train articling students, other accountants or administrative technicians.
Employment requirements
Chartered professional accountants, chartered accountants (CPA, CA) require a university degree and completion of a professional training program approved by a provincial Institute of Chartered Accountants and, depending on the province, either two years or 30 months of on-the-job training and membership in a provincial Institute of Chartered Accountants upon successful completion of the Uniform Evaluation (UFE).
Chartered professional accountants, certified general accountants (CPA, CGA) and chartered professional accountants, certified management accountants (CPA, CMA) require a university degree and completion of an approved training program and several years of on-the-job training and certification with a regulatory body is required in all provinces and territories.
Auditors require education, training and recognition as indicated for chartered professional accountants, chartered accountants (CPA, CA), chartered professional accountants, certified general accountants (CPA, CGA) or chartered professional accountants, certified management accountants (CPA, CMA) and some experience as an accountant.
Auditors may require recognition by the Institute of Internal Auditors.
To act as a trustee in bankruptcy proceedings, auditors and accountants must hold a licence as a trustee in bankruptcy.
Licensing by the provincial or territorial governing body is usually required for accountants and auditors practising public accounting.
Additional information
Progression to auditing or accounting management positions is possible with experience.
There is limited mobility among the three professional accounting designations: chartered professional accountant, chartered accountant (CPA, CA); chartered professional accountant, certified general accountant (CPA, CGA), and chartered professional accountant, certified management accountant (CPA, CMA).
Exclusions
Accounting technicians and bookkeepers (12200)
Financial managers (10010)
Policy and program researchers, consultants and officers (4140)
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