Occupation

External auditor

External auditors are engaged from outside an organisation to examine its financial statements and report whether they are fairly presented under the applicable framework. Work is organised into client engagements with concentrated reporting deadlines, and signing an audit opinion is a regulated act in many places.

Also known as: Statutory auditor · Audit associate · Assurance associate · Public accountant (audit)

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Occupation content

Part of Finance, accounting and insurance

A visual day in the work

What the work involves

  1. Plan an engagement, including risk assessment and what will be treated as material.

  2. Request client records and test balances, transactions, and controls against them.

  3. Confirm balances and terms directly with banks, customers, or suppliers.

  4. Evaluate accounting estimates, policies, and disclosures for reasonableness.

  5. Document working papers so another reviewer can follow the conclusion.

  6. Discuss findings and required adjustments with client management.

Entry-route stepper

How people commonly enter

  1. An accounting or business degree followed by a professional accounting and audit qualification.

  2. A graduate or school-leaver training contract with an audit firm that sponsors exams.

  3. An apprenticeship route into an audit practice combined with professional study.

  4. A transfer from internal audit or financial accounting into external assurance work.

Typical training: Bachelor's degree

Licensing: Regulated in most jurisdictions. Confirm the current requirement with the regulator in your province, state, or country.

Pathways: Apprenticeship route

Work-context map

Typical work context

  • Client sites
  • Team based
  • Fast paced
  • Involves travel
  • Desk based

Client sites · Team based · Fast paced · Involves travel · Desk based

Related interests

  • Investigative (analytical)
  • Conventional (organizing)

Investigative (analytical) · Conventional (organizing)

Related aptitude preparation

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Skills to practise

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Finance, accounting and insurance: licensing

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