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FPSC Senior Auditor Guide 2017 Edition By ILMI

A FPSC senior auditor plays an important role in the financial audit process. As a senior-level professional, they hold more responsibility than a staff auditor and report directly to an audit manager who supervises both staff auditors and seniors. If you are planning to specialize your degree in financial auditing, it is important that you know the role of each player that makes up an audit team. Here are the duties and responsibilities of senior auditors.

See Also: FPSC Senior Auditor Guide By Caravan Publisher

There are internal audits and there are external audits. You first need to decide which specialty area you want to work in before you can learn what you do at a senior level. If you work in external auditing, the audit team will collect, evaluate and assess financial statements and records to see if the records are accurate and the data is presented fairly, according to the Association of Certified Fraud Examiners. The team will check to see if the accountants followed the Generally Accepted Accounting Principles and will look for errors and fraud. The results are presented to stakeholders, government agencies and creditors.

Internal auditing is a bit different. Instead of looking financial statements and investment records, internal specialists are looking at internal control systems to see if the company is effectively managing risks. The auditing team will evaluate the controls first to see if they comply with government regulations. After this, the team will review efficiency and make recommendations on improvements that can be made to processes and systems. The purpose is to mitigate risk and to ensure the company is complying.

A senior auditor plays an important role in the financial audit process. As a senior-level professional, they hold more responsibility than a staff auditor and report directly to an audit manager who supervises both staff auditors and seniors. If you are planning to specialize your degree in financial auditing, it is important that you know the role of each player that makes up an audit team. Here are the duties and responsibilities of senior auditors.

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    A FPSC senior auditor plays an important role in the financial audit process. As a senior-level professional, they hold more responsibility than a staff auditor and report directly to an audit manager who supervises both staff auditors and seniors. If you are planning to specialize your degree in financial auditing, it is important that you know the role of each player that makes up an audit team. Here are the duties and responsibilities of senior auditors.

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