Description

Audit clerks generally keep the company's finances under control. This includes reviewing the transactions of various departments to ensure that the financial reporting as well as other transactions are done properly. This includes performing accounting tasks like accounting, counting and balancing revenue and expenses across various departments.

Audit clerks should make sure that employees adhere to the company's policies as well as local, state, and federal laws. If there are any mistakes the auditor should inform the relevant department, and to the upper management in case there is suspicion that the errors were deliberate. Audit clerks should generally be proficient using Microsoft Office. Sometimes, a familiarity with different, more specific accounting software might be required. Audit clerks may need to record certain transactions in databases or review databases supplied by various departments that are monitored. A good typing ability and the ten keys are required to perform this task efficiently. The majority of audit clerks is employed in an office that operates during the daytime. A large portion of the work of an auditor is performed by themselves, therefore it is essential to be able to stick to deadlines and be motivated by your own efforts. But, the ability to work in a team is essential to work in a team.

Certain jobs such as auditor only require an education at the high school level and can provide on-the-job education, but a knowledge of general accounting procedures can be beneficial. Other positions require a minimum of an associate's level degree in bookkeeping or accounting.

Roles & Responsibilities

As an Audit Clerk with 0-3 years of experience in the United Kingdom, your main responsibilities include:

  • Assisting in conducting financial audits by gathering and organizing data for analysis.
  • Verifying and reconciling financial statements, invoices, and other accounting documents.
  • Performing data entry tasks to maintain accurate and up-to-date financial records.
  • Assisting in the preparation of audit reports, including findings and recommendations, based on the analysis of financial data.

Qualifications & Work Experience

For an Audit Clerk job role, the following qualifications are required:

  • Solid understanding of accounting principles and practices to ensure accurate and reliable financial records.
  • Proficient knowledge of auditing techniques and procedures to conduct thorough and comprehensive audits.
  • Excellent attention to detail and ability to spot discrepancies and errors in financial documents.
  • Strong organizational and time management skills to effectively prioritize tasks and meet deadlines.

Essential Skills For Audit Clerk

1

Financial Planning

2

Financial Modeling

3

Auditing

4

Finance Management

Skills That Affect Audit Clerk Salaries

Different skills can affect your salary. Below are the most popular skills and their effect on salary.

Auditing

25%

Career Prospects

For an Audit Clerk job role with 0-3 years of work experience in the United Kingdom, there are several alternative roles worth considering. Here are following options:

  • Junior Internal Auditor: A role that involves assisting in the examination and evaluation of an organization's internal controls and processes to ensure compliance and reduce risk.
  • Accounts Receivable Clerk: A position focused on managing and recording incoming payments, reconciling accounts, and maintaining accurate financial records.
  • Payroll Administrator: A role that entails processing and managing employee salaries, ensuring compliance with tax laws, and maintaining accurate payroll records.
  • Inventory Control Specialist: A position responsible for monitoring and managing inventory levels, conducting audits, analyzing data to optimize inventory processes, and minimizing stock losses.

How to Learn

The job role of an Audit Clerk in the United Kingdom is expected to experience a steady growth in the market. Over the past 10 years, the job role has demonstrated resilience and an increasing demand. With the growing complexity of financial regulations and the need for accurate financial reporting, the demand for skilled Audit Clerks is projected to continue to rise in the future. Consequently, there is expected to be a significant number of employment opportunities available in this field. Google's latest data points confirm the positive outlook for this job role in terms of growth and future prospects.