Auditor also designated as Junior Accountant in Central Governments Offices deals with the accounts related matter of the departments they are attached with. Their work profile includes taking care of the financial transaction of the departments of government they are employed. They have to take care of the resources of these departments and make it sure that the sources of the departments are being used judicially and with prior approval of the competent authorities.
Auditors are responsible for the judicious use of all the financial and other resource available to the department without any kind of discrepancies. To discharge their duties honestly sometimes they have to take bold steps. To perform these duties is not a mean thing as some time they have to deal with high profile people like politician, public figure and even their own bosses etc.
Thus to discharge his duties auditor need to be intelligent, well informed, brave, hardworking, honest as well as tactful as he has to deal with so many high profile people that may use their influence in high echelons to save themselves and in turn prove the Auditors wrong or impartial.
To become an Auditor/Junior Accountant one has to undergo a selection process of written and oral exams conducted by Staff Selection Commission so that only the competent among the aspirants could be selected
Auditor/Junior Accountant Eligibility
1. Educational Qualification
To be eligible for becoming an Auditor/Junior Accountant one should hold a Bachelor's degree in any stream.
The candidate must have attained the age of 18 years on 1st July of the year of examination and must not have attained 27 years of age on that date.
The upper age limit will be relaxed by 3 years for OBC candidates and 5 years for SC/ST candidates.
The upper age limit is also relaxed in favour of certain categories of employees working under the Government of India and Defence Services Personnel.
Auditor/Junior Accountant Required Skills
Auditors should be able to plan, schedule and conduct audits of businesses, agencies, schools, corporations, or others to determine compliance with laws and regulations.
They should have knowledge of generally accepted accounting principles and practices; of auditing theories and techniques; of public and business administration; of financial statements, ledgers, journals and reports and analytical principles.
They should also be able to prepare audit reports; makes recommendations concerning changes in policies or operating procedures.
They also possess skills regarding financial records and other business records; evaluates financial controls; identifies deficiencies; provides advice on requirements for compliance with existing laws, policies and standards.
How to become an Auditor/Junior Accountant?
To become an Auditor/Junior Accountant one has to follow the below given steps:-
As a first step the aspirant has to procure the “Application Form” along with required information from the employment newspaper generally published in the month of April. sent the filled Application form to the regional centres as mentioned.
Note:- The notification for the examination with relevant details regarding rules and syllabus is published in the month of April in the 'Employment News' / 'Rozgar Samachar' , 'Gazette of India', and in some leading Newspapers of the country.
In the month of May or June the aspirants have to take the “Preliminary examinations” consisting of two papers. The papers are on:
No. of Question
Part A General Intelligence and General Awareness
Part B Arithmetic
Note:- This exam is just a qualifying exam for the Final exam and scores obtained in this exam are not added to make the final result.
Those candidates who are declared qualified in the “Preliminary examination” are supposed to take the final exam.
Final examination will consists of two part .Part A will be of written examination and second Part B will be of Personality Test-
2Hr. 20 Min.
2Hr. 20 Min
Communication Skill and Writing
2Hr. 20 Min
Once you are through the final stage is the interview. The aspirants are grilled in the interview to test their personality and mental ability. Then the final list of the successful candidates is prepared.
Auditor Career Prospects
An auditor job profile is somewhat similar to an accountant in fact these are the two designation of same post in some organizations. Job description of auditor includes verifying financial records of a company, checking company's bookkeeping and accounting methods, comparing company's books with records stated in banks, creditors, brokers, etc.
The main objective of an auditor is to analyze and prepare reports on profits, income tax savers and management cut costs.
Auditors can be basically classified as external auditor and internal auditor. An internal auditor works as any other employee of a specific company and receives salary other benefits for all audit-related work.
Where as an external auditor is an independent auditor who audits for self-employed individuals and public accounting firms. External auditors usually audit for a company, once in a year.
Main tasks of Auditors who are operating independently are:-
To prepare detailed audit report of the company
To review accounts of taxpayers
To conduct on-site audits as and when required
To evaluate the finances of a taxpayer to find out tax liability
To collect and analyze the data to find out if there is any fraud, violation of laws, regulations and management policies, duplication, etc of the concerned company/organization
To inspect the account books of a company for analyzing the transactions and efficiency of the accounting procedures
To report the management of the company regarding the audit results and suggest changes in financial activities and operations of the company
An Auditor/Junior Accountant gets the pay scale of Rs. 4,500 to Rs. 7,000. The Government of India has fixed salary grades for its employees at various posts. Their salary keeps on changing with new pay commission.
Note:-The above scales only provide an idea of the pay scales. Different branches of the service have different scales of pay. Even personnel of same branches may have different pay according to their area of posting and responsibility they are holding at a particular time.
In addition to the salary Auditor/Junior Accountants receive various types of allowances such as Dearness Allowance, City compensatory Allowance, Leave Travel Allowance, Medical and subsidized housing.