As the name says, experienced audit associates are expert accounting specialists who verify the financial information. They are responsible for preparing budget analysis by carrying out detailed study of the organization's financial status. The experienced audit associate responsibilities also include providing suggestions to the organizations about various financial and investment planning schemes and strategies. The experienced audit associates are also experts in finance related legal matters and provide legal consulting to the clients. They generally keep a track of their client records and are responsible of paying taxes on time. The experienced audit associates generally work in any of the following auditing fields:
The experienced audit associates are generally provided with complicated and complex financial issues. Some of the common duties of an experienced audit associate are as follows:
To start a career as an experienced audit associate, the candidate must possess essential qualification and skills. Along with the qualifications, the candidate must also be aware of the various job responsibilities of an experienced audit associate. Following is the detailed information about the educational qualification, skills, and experienced audit associate responsibilities that will help you in gaining ample knowledge about this field.
Educational Qualification of an Experienced Audit Associate
The experienced audit associate is expected to have at least a bachelor's degree in accounting, finance, economics, or any other relevant subject. Along with the bachelor's degree, the candidate must also possess a minimum experience of 130 credit hours. The post of an experienced audit associate is a highly responsible post and thus many employers prefer hiring candidates with a master's degree and some professional experience as an auditor. The candidates can even achieve the post of an experienced audit associate by qualifying certain certified courses such as the certified public accountant course. The experienced audit associates must also possess sound knowledge about various software applications used during auditing and accounting.
Key Skills of an Experienced Audit Associate
Expert mathematical skills is one of the most common skills of an experienced audit associate. Along with the mathematical skills, the experienced audit associate must also possess the following skills:
Job Responsibilities of an Experienced Audit Associate
The experienced audit associate is responsible for carrying out complex auditing assignments. Along with this, they are also responsible for carrying out the following tasks:
Salary of an Experienced Audit Associate
According to the United States Bureau of Labor Statistics, the median annual salary of an experienced audit associate is about $69,000. According to various employers, the salary of an executive audit associate generally ranges in between $36,000 to $102,000. This salary, however, may fluctuate according to the employer and the experience level of the audit associate.
The experienced audit associate responsibilities mentioned above will make you aware about the essential qualifications, key skills, and salary earned by the these experts. This information will also educate you about the work profile and job duties of an experienced audit associate. The above provided information will thus definitely guide you in planning your career in this field.