Audit is the process of understanding how a company or any other legal entity operates in order to provide an independent opinion assessing the validity of their financial reporting. This process involves tracing and understanding the risks emerging from the rapid and dramatic changes in today's business world. Audit provides a comprehensive and effective review of a company’s business processes and controls in the context of the market environment and industry. It also looks to determine how the key risks can affect their financial results. The work of the audit team is frequently utilised to identify opportunities for improving the financial performance of the company’s underlying business. The assurance provided by such auditing of a company’s financial reporting is crucial for creating confidence amongst various stakeholders in the company and the regulatory authorities.
As an analyst within Audit you will be working with various types of businesses and across a wide range of sectors who differ significantly in their organization, structure and operations. You will need to display a genuine passion for understanding how different businesses operate. In order to be a good financial auditor you must be able to demonstrate that you have very good attention to detail with sound analytical and numerical skills. You will be dealing with clients from different industries on a regular basis and must possess good communication skills and be able to demonstrate good commercial awareness.
Over a six-eight week period, you’ll gain priceless insight into risk management processes while performing key risk assessment tasks. You’ll further develop other essential professional skills by contributing to a team, presenting findings to management, and collaborating with experienced professionals.
- Understand client businesses, operating strategies & critical processes
- Identify & analyse the risks inherent in client businesses
- Evaluate existing risk management controls
- Test controls by reviewing documentation, meeting with management to discuss the business processes & observing general business operations
- Identify issues & collaborate with management to determine cost-effective solutions for improving their control environment
Programme Requirements
- On track for a 2.1 or above
- Ideally minimum 'BBB' at A level (or equivalent in UCAS points)
- No specific degree subject is required
- Broad knowledge of the finance industry is required
- Excellent quantitative and analytical skills
- Able to review, assess and make decisions based on large amounts of information with excellent attention to detail
- Assertiveness - the confidence to share opinions and insights and stick by them
- Diligence - the ability to maintain exceptionally high standards of work at all times
