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 Annapolis Valley 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
|Location||Employment Potential||Release Date|
|Annapolis Valley Region||2011-10-06|
Currently the chances of qualified Financial Auditors and Accountants finding employment are considered to be good in the local area. The main reason why the employment potential is Good in the local area is that local firms have indicated that it is hard to keep qualified people in the area thereby limiting the potential supply of candidates. After obtaining their Certified Accountant (CA) credentials many tend to migrate to more urban centres where there is a greater opportunity for promotion and higher earnings potential. Others move to comptroller positions with larger employers in the local area or explore opportunities abroad in more taxation-friendly countries. In addition, there was a significant increase in advertised job openings during 2010 compared to previous years where numbers have been holding at fairly stable levels. As most local accounting firms are small, they tend to have a constant stream of CA students working with them while studying for their CA's.
Some of the growing demand for this occupation is being fuelled by changes in accounting controls, increasing complexity of corporate transactions, changing financial and tax regulations, and the focus by many organizations on stressing efficiency through cost control and focus more on analyzing and planning rather than just providing financial data. Financial Auditors and Accountants need to be familiar with accounting software packages.
In addition to employment opportunities locally, opportunities may exist in other areas of the province or in other regions of the country. People who are able to work elsewhere may want to research opportunities for this occupation in other labour markets within Nova Scotia and across the country. The future employment outlook for Financial Auditors and Accountants in Nova Scotia is expected to be good over the next 5 years.
Additional information on Financial Auditors and Accountants (opportunities in other areas, training, who hires, current job openings, statistics and other information), is available on other parts of this web site.
Local Labour Market News
Week of Feb 04 – Feb 08, 2013
Week of Dec 17 – Dec 21, 2012
- In a recent report, "Renewing Regional Economic Development in Nova Scotia", a proposal has been put forward to replace the current Regional Development Authority model with six Regional Enterprise Networks (RENs)
Week of Dec 10 – Dec 14, 2012
Week of Dec 03 – Dec 07, 2012
- Overall residential sales activity in October 2012 in the Annapolis Valley region was down compared to October 2011, according to the Annapolis Valley Real Estate Board
- Date Modified: