Explore Careers - Job Market Report
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. Articling students in accounting firms are included in this unit group. Financial auditors and accountants are employed by auditing and accounting firms throughout the private and public sectors, or they may be self-employed.
accountant, certified general accountant (CGA), certified management accountant (CMA), chartered accountant (CA), chief accountant, financial auditor, income tax expert, industrial accountant, internal auditor.
- Examine and analyze journal and ledger entries, bank statements, inventories, expenditures, tax returns and other accounting and financial records, documents and systems of an individual, department, company or other establishment 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.
- Plan, set up and administer accounting systems and prepare financial information for an individual, department, company or other establishment
- 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.
Outlook & Prospects for Financial Auditors and Accountants in Estrie Region
The future forecast and current conditions for an occupation can vary based on location or due to changes in the economy, technology, or demand for a product or service.
Local Employment Potential Information
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For the 2012-2014 period, job opportunities in the Estrie region are expected to be good for this occupation.
There are approximately 1,500 jobs in this occupation in the Estrie region which are found first and foremost in the professional, scientific and technical sector (50%). This industry should be in increase for the next years to come. The administration and the construction sectors also offer jobs, but to a lesser extent.
The employment level is relatively high, and an employment is expected between now and 2014. Openings will come mainly as people currently working in these positions retire and from the addition of new jobs.
In the Estrie region, the proportion of older workers is twice as high as the average for all occupational groups in the region. According to the 2006 Census data, barely 3% of the labour force in this occupational group in the Estrie region is under the age of 25. The complexity of the tasks involved, and the education and experience required to hold some of these positions explain in part the small proportion of young people in the profession. About 28% of the labour force in this occupational group in the Estrie region is self-employed.
Detainers with an accounting designation (CA, CGA, CMA) significantly increase their chances of finding a job. Non-accounting activities, such as analysis, are on the rise. Generally speaking, the broadening of tasks has had a positive impact on this occupational group.
All major accounting firms provide integrated consulting services in areas as diverse as real property, health care, mining, risk management, technology and the environment, and nearly half of their income is from services that have nothing to do with accounting, and this trend will continue. Today, clients want to obtain solutions in a single location and do not want to show their books everywhere to everyone.
Local Labour Market News
Week of May 06 – May 10, 2013
- Les Aciers Orford in Sherbrooke, which specializes in the manufacturing and installation of steel, reinforcement and welded wire, will invest $4M to expand. Thirty-some jobs will need to be filled by this summer.
Week of Apr 29 – May 03, 2013
- Ecotierra, a company that specializes in projects that offer carbone credits, has invested $800,000 to set up shop in Sherbrooke. Five jobs were created. (available in French only)
Week of Apr 22 – Apr 26, 2013
- A new filtering plant that powers the North Hatley region in potable water will be built for $11.2M (available in French only)
Week of Apr 08 – Apr 12, 2013
- The 12 employees of Bock Équipements in Sherbrooke find themselves unemployed (available in French only)
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