Audit Role - Insurance

- Audit payroll and personnel records to determine unemployment insurance premiums, workers- compensation coverage, liabilities, and compliance with tax laws.

- Collect and analyze data to detect deficient controls, duplicated effort, extravagance, fraud, or non-compliance with laws, regulations, and management policies.

- Conduct pre-implementation audits to determine if systems and programs under development will work as planned.

- Confer with company officials about financial and regulatory matters.

- Direct activities of personnel engaged in filing, recording, compiling and transmitting financial records.

- Evaluate taxpayer finances to determine tax liability, using knowledge of interest and discount rates, annuities, valuation of stocks and bonds, and amortization valuation of depletable assets.

- Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.

- Examine inventory to verify journal and ledger entries.

- Examine records and interview workers to ensure recording of transactions and compliance with laws and regulations.

- Examine records, tax returns, and related documents pertaining to settlement of decedent's estate.

- Examine whether the organization's objectives are reflected in its management activities, and whether employees understand the objectives.

- Inspect account books and accounting systems for efficiency, effectiveness, and use of accepted accounting procedures to record transactions.

- Inspect cash on hand, notes receivable and payable, negotiable securities, and canceled checks to confirm records are accurate.

- Prepare detailed reports on audit findings.

- Prepare, analyze, and verify annual reports, financial statements, and other records, using accepted accounting and statistical procedures to assess financial condition and facilitate financial planning.

- Produce up-to-the-minute information, using internal computer systems, to allow management to base decisions on actual, not historical, data.

- Report to management about asset utilization and audit results, and recommend changes in operations and financial activities.

- Review data about material assets, net worth, liabilities, capital stock, surplus, income, and expenditures.

- Review taxpayer accounts, and conduct audits on-site, by correspondence, or by summoning taxpayer to office.

- Supervise auditing of establishments, and determine scope of investigation required.

Work activities:

- advise clients on financial matters

- analyze financial data

- compile data for financial reports

- compute financial data

- conduct financial investigations

- confer with taxpayer or representative

- determine tax liability according to prescribed laws

- direct and coordinate financial activities

- fill out business or government forms

- follow tax laws or regulations

- gather relevant financial data

- inspect account books or system for efficiency, effectiveness, or acceptability

- interview client to obtain additional tax information

- make presentations on financial matters

- note discrepancies in financial records

- obtain financial information from individuals

- perform general financial analysis

- prepare audit reports or recommendations

- prepare correspondence relating to financial discrepancies

- prepare financial reports

- use accounting or bookkeeping software

- use accounting terminology

- use computers to enter, access and retrieve financial data

- use cost benefit analysis techniques

- use spreadsheet software

- verify bank or financial transactions

- write administrative procedures services manual

- write business correspondence