Accountant and Auditor Responsibilities

Accountants and auditors are responsible for the efficient and effective functioning of the financial companies. They study, examine, check, prepare and verify financial papers in order to provide clients' data. They ensure that the common financial records are correctly documented and reported. They assure that the taxes are cashed decently and at the right time. They supervise the data systems that provide information to managers in trade, commercial enterprise and system organizations. Nowadays, their work limit has been widened. They are now also inclusive of cost and fiscal planning, fund analysis, limited lawful services and data technology consulting.

There are 4 major branches of accounting. These are public, management, government auditing and internal auditing. The accountant and auditor responsibilities include reviewing and checking the final operations, projects and work to ensure that the firms run smoothly. Each branch of accounting has an accountant for it. The accountants who deal with public accounts are called public accountants. Similarly, the others are called management, government auditing and internal auditing accountants. The key responsibilities of these accountants and auditors are as under:

Qualifications and Skills

The candidate must have a bachelor's degree in accounting or a related field. Certification with a specified branch of accounting would be an asset. Having a master's degree in commerce with majors in accounts would be apt.

Work Environment

They usually work 8 hours a day and 40 hours per week. They may have to work overtime during certain periods of the year like during the levy season or at the end of the fund year.


The annual salary of the accountants and auditors is USD 63,690. But this varies from one place to another and also depends on the standard of the firm.

Thus, the accountant and auditor responsibilities include summing up the present financial condition of the company, presenting results and fixing particular financial reports, keeping control on the accounts and verifying that the taxes are paid regularly on time.

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