One thing to consider as well is what type of activities are billable and which are not, and will vary by office. Because of this, it is difficult to pin down how many hours you will be at work without simply asking your supervisors. Access the contact form and send us your feedback, questions, etc.
We are always welcome to help someone out. You can also contact us if you wish to submit your writing, cartoons, jokes, etc. Email Address. What is Busy Season in Accounting? Public, Private, Audit and Tax Accountants No matter what type of accountant you are, you will likely have a busy season. Many picture auditors as people crunching numbers on Excel all day long. Another important part is the people side and this exists at every level of the job.
The people side of audit is just as important as the numbers side — and very often this is forgotten. As a professional service, some see audit as a very demanding career.
As with many professional services careers, at times there will be long hours, but this does not mean work-life balance is impossible. Work-life balance is not necessarily being able to divide your time equally between your work and other aspects of your life every single day. This may not be possible with any job because they all have their own form of busy season. Some days you may have a heavier workload, but other days you will find yourself with a lighter one.
Daniel arrives at the office at am and spends his first hour checking voicemail and email. From am to am, he meets with the audit director to go over departmental projects and news.
He delves into his projects starting at am, which typically includes meeting with various departmental personnel to collaborate on solutions to problems and risks identified by management or his department. On a typical day, the projects he works on might include process improvements, internal control identification and testing, reviews of policies and procedures, audit planning, external audit assistance, reviewing work papers, inventory counts, IT audits, and, on rare occasions, fraud investigations.
Daniel spends a lot of time on operational audits and reviews, which examine how things work and the risks involved in operations. This work often requires significant collaboration with various departments and different levels of senior and executive management.
After an hour's lunch break, Daniel spends two hours attending meetings similar to his morning meetings. Then from pm to pm, Daniel digests and documents the information gathered during his meetings.
He leverages his Microsoft Office skills, spending a lot of time working on process flow, advanced data analytics, and writing reports. From pm to pm, he wraps up any open items and prepares for the following day.
Any and all changes made to programs, systems, or procedures must be documented, tested, and approved by a board of peers to mitigate risks related to unintended consequences of change, Daniel explains. Possible changes might include code changes, hardware and software upgrades, new system implementations, and policy and procedure changes.
Quarterly, he prepares presentations to update executive management on change control audits, which entail verification of development and testing activities, checking for requisite approvals throughout the process, and post-implementation reviews to ensure that all policies and procedures for change management have been adhered to. He assists in risk identification and in producing an audit plan. Identifying risks specific to his company and its different operational areas requires great collaborative and analytical skills, he says.
As a relatively new employee, he gets 2. Career Advice. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice.
Popular Courses. Careers Career Advice. Table of Contents Expand. Audit Manager. Senior Accountant. Internal Audit Manager. Key Takeaways An auditor's workday gets crazy during tax season, from January through April. The job often entails working with several companies, meetings across internal departments, or both. If you like auditing but want some variety on the job, you might consider a career as a CPA. Compare Accounts.
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