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.
Ottawa, Gloucester, Nepean, Brockville, Cornwall, Vanier, Carleton Place, Clarence-Rockland, Gananoque, Hawkesbury, Mississippi Mills, Perth, Prescott, Smiths Falls, Bourget, Buckham's Bay, Clarence, Constance Bay, Embrun, Hazeldean, Kars, Old Stittsville, Richmond, Rockland, Rockland East, Russell, South March, South March Station, Stittsville, St-Onge
Outlook & Prospects for Financial Auditors and Accountants in Ottawa 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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In the Ottawa region the outlook for financial auditors and accountants is expected to be fair for the period 2012-2013. According to the 2006 census, this significant occupation had more than 6,500 workers in the Ottawa region. The public administration sector in the Ottawa region is a major source of jobs with more than one-third of these professionals working in this industry.
In Ontario, the outlook for financial auditors and accountants is expected to be fair for the period 2012-2013. Auditors and accountants are concentrated in large urban areas where accounting firms and head offices of companies are located. With businesses going global, financial auditors and accountants are now required to deal with mergers and acquisitions and international accounting practices. Corporate governance and forensic accounting are evolving specializations in this field. Financial auditors and accountants, who are up to date with the changing regulatory environment and who are proficient in financial information technology, will have better job prospects.
According to the 2006 census, there were over 70,000 financial auditors and accountants in Ontario, an increase of 6% from the previous census. Given the size of this occupation grouping, the need to replace workers who retire or leave the workforce will be a source of job openings over the next several years.
Local Labour Market News
Week of May 06 – May 10, 2013
- Granite Networks, an Ottawa-based data centre firm, has raised $2M in funding to be used to grow the company's client base and hire more sales staff in the near future
Week of Apr 22 – Apr 26, 2013
- FedDev Ontario has invested $1.85M in four Ottawa area software companies. 360pi Corporation, SWIX Inc., Therapeutic Monitoring Systems and Capital Angel Network, are expected to create up to 44 jobs initially, with an additional 67 jobs by 2016.
Week of Apr 15 – Apr 19, 2013
- Fusebill, an Ottawa-based automated billing firm, raised $2M in investments to increase the sales and marketing aspects of its business. The company plans to expand its workforce by the end of the year.
Week of Apr 08 – Apr 12, 2013
- DragonWave, an Ottawa based technology company, will eliminate one-third of its senior management positions as well as restructure a deal with Nokia Siemens Networks to cut operating costs
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