Tuesday, June 18, 2024

Duties and Responsibilities of an Audit Associate

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Nyongesa Sande
Nyongesa Sandehttps://bizmart.africa
Nyongesa Sande is a Kenyan blogger, Pan Africanist,c olumnist Political Activist , blogger, informer & businesman who has interest in politics, governance, corporate fraud, human rights and television personality.

Audit Associates are specialists in accounting who assist the auditing team with planning and administration of assignments. Duties and Responsibilities of an Audit Associate. Audit Associates draft financial statements, prepare budgets, conduct financial audits, and verify the financial information of an organization.

Audit Associate Duties:

  • -Provide accurate accounting of financial activities
  • -Liaise with management on managerial and financial reporting procedures
  • -Receive and review accounting and financial data
  • -Maintain budgets and financial records

Audit Associate Responsibilities:

  • Perform audits of accounts receivable, inventory, fixed assets and accounts payable
  • Complete journal entries and reconciliations
  • Conducts audit procedures, including problem identification, policy compliance, internal controls testing, and documentation; identifies trends and recommends corrective measures
  • Document audit findings by hand writing audit reports and bookkeeping journal entries
  • Assist in preparation of non audit assignments

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