The primary task of accountants, which extends to all the others, is to prepare and examine financial records. They make sure that records are accurate and that taxes are paid properly and on time. Accountants and auditors perform overviews of the financial operations of a business in order to help it run efficiently. Accountants are responsible for the validity of the financial statements they work on, and they must perform their duties in accordance with all applicable principles, standards and laws. They have to compute taxes owed and prepare tax returns, ensuring compliance with payment, reporting and other tax requirements. They also have to develop, maintain, and analyze budgets, preparing periodic reports that compare budgeted costs to actual costs. On the other hand auditors perform (internal) financial and risk management audits and independent statutory (external) financial audits of commercial and public sector organizations. Auditors assess local and central government departments with the aim of improving efficiency and effectiveness. An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements, as well as non-financial disclosures, present a true and fair view of the concern. The auditor has a responsibility to plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether caused by error or fraud. Auditors may work in warehouses, or at retail locations to see how materials are being sold in stores. Auditors are good with counting, and increasingly are using handheld devices and tablets to record data.
Accountants and auditors jobs in Pakistan:
Auditor jobs in Pakistan