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Financial auditors perform some or all of the following duties:
* Examine and analyze journal and ledger entries, bank statements, inventories, expenditures, tax returns and other accounting and financial records, documents and systems of an individual, department, company or other establishment to ensure financial recording accuracy and compliance with established accounting standards, procedures and internal controls
* Prepare detailed reports on audit findings and make recommendations to improve individual or establishment's accounting and management practices
* Conduct field audits of businesses to ensure compliance with provisions of the Income Tax Act, Canadian Business Corporations Act or other statutory requirements
* May supervise other auditors or professionals in charge of accounting within client's establishment.
Accountants perform some or all of the following duties:
* Plan, set up and administer accounting systems and prepare financial information for an individual, department, company or other establishment
* Examine accounting records and prepare financial statements and reports
* Develop and maintain cost finding, reporting and internal control procedures
* Examine financial accounts and records and prepare income tax returns from accounting records
* Analyze financial statements and reports and provide financial, business and tax advice
* May act as a trustee in bankruptcy proceedings
* May supervise and train articling students, other accountants or administrative technicians.