Financial managers

Job Description

Main duties

Financial auditors perform some or all of the following duties :

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 perform some or all of the following duties :

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.