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Financial Auditors and Accountants  (NOC 1111)
Ottawa Region
Description |  Titles |  Duties |   Related Occupations

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.

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 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.
Accountants perform some or all of the following duties:
  • 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.
Included Cities in Region | Service Canada Offices

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

View a list of Service Canada offices in this area.

Education & Job Requirements for Financial Auditors and Accountants in Ottawa Region

Education and job requirements can vary by region. Workers in regulated occupations require a licence to work legally. Workers in non-regulated occupations do not require a licence, but employers may have other certification requirements.

Skills Requirements

There are often specific abilities, aptitudes and knowledge that are prerequisites to obtain employment in an occupation.

Most employers who advertise are looking for workers who have the following experience and skills:

Experience:
3-5 years

Accountant Specific Skills:
Prepare financial statements and reports. Analyze financial documents and reports. Prepare financial information for individuals, departments or companies.

Financial Auditor Specific Skills:
Ensure accuracy and compliance to accounting standards, procedures and internal control. Examine financial records and transactions. Prepare reports and audit findings.

Additional Skills:
Supervise trainee or staff.

Essential Skills:
Oral communication, working with others, computer use, problem solving, job task planning and organizing, writing, reading text, document use, finding information, critical thinking, decision making, continuous learning, numeracy and significant use of memory.

List of Associations

AssociationsLink opens in a new window are organizations that may provide news to its members about networking events, professional development and other common issues for people working in the same industry.

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[ Source: CanLearn - HRSDC ]

Local Training

The following link provides information on Ontario universities that offer business administration, accounting and financial programs that may be relevant to this occupation:
http://www.electronicinfo.ca/

Newcomers can find additional information at the following link:
Ministry of Citizenship and Immigration
www.citizenship.gov.on.ca

[ Report Publication Date: 2011-11-16 | Source: Labour Market Information - HRSDC ]
Information for Newcomers

Getting your language skills assessed

If you do not know what your English or French language level is, visit one of the Language Assessment Centres across Canada. They will assess your language level and direct you to the appropriate language training program.

Please consult the Ontario and Canada tabs for more useful information related to education and job requirements.