If you are interested in working as a Financial Auditor or Accountant in Canada, you will be pleased to know that the outlook of your occupation in Canada is extremely healthy with significantly more opportunities than job seekers.
You can use this overview of the Canadian employment prospects in your field to start planning your immigration and settlement in Canada.
Important statistics for this occupation:
- This field allows progression to auditing or accounting management positions with experience.
- Retirements account for the majority of openings in this field, due to the higher average age of workers in this field and the lower average retirement age.
- A number of workers are also projected to leave this line of worker for other occupations, generally in management, which will allow for greater opportunities for newcomers.
- The median yearly income for a Financial Auditors and Accountants is $58,700 in Canada, with high incomes reported in the range of $106,700.
Duties for Financial Auditors and Accountants
Financial auditors examine and analyze the accounting and financial records of individuals and establishments to ensure accuracy and compliance with established accounting standards and procedures. Accountants plan, organize and administer accounting systems for individuals and establishments. Articling students in accounting firms are included in this unit group. Financial auditors and accountants are employed by auditing and accounting firms throughout the private and public sectors, or they may be self-employed.
Description of Main Duties
Financial Auditors perform some or all of the following duties:
- Examine and analyze journal and ledger entries, bank statements, inventories, expenditures, tax returns and other accounting and financial records, documents and systems of an individual, department, company or other establishment to ensure financial recording accuracy and compliance with established accounting standards, procedures and internal controls
- Prepare detailed reports on audit findings and make recommendations to improve individual or establishment's accounting and management practices
- Conduct field audits of businesses to ensure compliance with provisions of the Income Tax Act, Canadian Business Corporations Act or other statutory requirements
- May supervise other auditors or professionals in charge of accounting within client's establishment.
Accountants perform some or all of the following duties:
- Plan, set up and administer accounting systems and prepare financial information for an individual, department, company or other establishment
- Examine accounting records and prepare financial statements and reports
- Develop and maintain cost finding, reporting and internal control procedures
- Examine financial accounts and records and prepare income tax returns from accounting records
- Analyze financial statements and reports and provide financial, business and tax advice
- May act as a trustee in bankruptcy proceedings
- May supervise and train articling students, other accountants or administrative technicians.
Example job titles for Financial Auditors and Accountants:
- Certified general accountant (CGA)
- Certified management accountant (CMA)
- Chartered accountant (CA)
- chief accountant
- Financial auditor
- Income tax expert
- Industrial accountant
- Internal auditor
Find out about salary ranges for Financial Auditors and Accountants in different Canadian cities with our Canada Salary Calculator.