A real interest in business (as well as any form of organisations – charities, NGOs etc.) – an understanding and knowledge of the business:
- Objectives, values & culture
- Services and/or products
- Market and potential market(s)
- Corporate Structure and style of management
- Key risks
Always be curious about understanding the entity, and always ask questions. Do not be afraid to challenge to obtain a clearer understanding.
Investigative and analytical skills
As an auditor, you must equip yourself with the necessary skills required to identify, collect and process documents relevant to the scope of your audit procedure.
Ability to offer Practical and cost effective solutions
Rather than spelling out the issue at hand, your clients and partners will want solutions towards various issues that arise during engagement. Your ability to provide quality solutions based on past experience whilst respecting the boundaries of authority will prove useful and save valuable time.
In order to ensure that your colleagues and superiors are on the same page as you, you will be required to communicate clearly actively throughout the audit process. Notwithstanding you will be also required to communicate with your clients on a daily basis, for your clients to understand your queries and their concerns.
Inter-personal relationship skills
You will be required to develop a good relationship with your peers, as well as your clients, as you work with them to tackle major obstacles during the audit process, such as strict deadlines and outstanding issues.
An auditor provides assurances that a business’ financial performance for a given period and its financial status at a given point in time provides a fair picture of the business that would assist stakeholders in the business to measure the business’ performance in financial terms and contribute to develop strategy for sustainable on-going success and growth of the business.
A Chartered Accountant uses an organisation’s financial and other data to evaluate an organisation’s past performance, project its likely performance in the future within the framework set out above, thereby contributing to the business development and sustainable growth.