Audit Clerk

Aliases: Audit Trainee

Industry/Sector(s): BFSI

JOB DESCRIPTION ¹

The tasks an Audit Clerk is expected to perform include:

Assisting auditor in examining accounts and comparing vouchers, counterfoils, etc.
Comparing entries in cash book, ledger, pass-book, etc. concerning various financial and business transactions
Verifying entries of cash books, ledger accounts, stores register, etc. with supporting bill vouchers to ensure accuracy
Ensuring that prior sanction from competent authority exists for all financial transactions of the company or office
Checking and ensuring that required certificates are recorded in cash and accounts registers
Reporting discrepancies to the supervisors

WORK ENVIRONMENT ^{1, 2}

It is a desk job
Need not handle a team
Local travelling is not a part of this job role
Part-time work and contractual jobs are available
Work from home option is not available

Working hours

Organizations usually work for 5/6 days a week and 8/9 hours everyday. This may vary from organization to organization
Shift system is not available
Overtime may be required

Is the job suitable for a candidate with special needs?

This job is suitable for candidates with One Arm (OA), One Leg (OL), Both Leg (BL), One Arm and One Leg (OAL), Muscular Weakness (MW) and those who have Hearing Impaired (HH)
This may vary from organization to organization

EDUCATIONAL QUALIFICATIONS AND TRAINING ⁴

Preferably, B.Com. and IPCC Level I & II qualified

KEY COMPETENCIES ¹

Knowledge of Corporate Laws, accounting standards and tax
Proficient in MS Excel, presentation and report writing skills
Knowledge of Indirect Tax, FEMA and transfer pricing
Proficient in preparing reconcile records of bank transaction
Well-versed in preparing trial balances of books
Knowledge of various documents required to validate a transaction
Proficient in identifying fraudulent activities
Knowledge of different nature of businesses

DESIRABLE COMPETENCIES ¹

Problem-solving skills
Analytical thinking

AVAILABLE SKILL TRAINING AND LEARNING INSTITUTES

Commerce colleges across India
Institute of Chartered Accountants of India

AVAILABLE SKILL TRAINING SCHEMES/SCHOLARSHIPS

SAMPLE OF TRAINING AND LEARNING COURSES

http://www.aoc-india.co.in/ca_ipcc_group2.html

CAREER PROGRESSION PATH ¹

Senior Executive - Audit

↑

Executive - Audit

↑

Auditor

↑

Audit Clerk

The progression is indicative

EXPECTED EARNINGS ³

For new entrants - Rs 6,000 to Rs 10,000 per month
For candidates with experience - Rs 20,000 to Rs 35,000 per month

These figures are indicative and subject to change

REQUIRED WORK EXPERIENCE ⁴

Generally, 1 year of experience required

PROBABLE EMPLOYERS ^{3, 4}

Charter Accounting firms

KEYWORDS

Audit Clerk
Audit Trainee

OCCUPATIONAL CODES AND STANDARDS

Standard	Code	Description
NCO 2015	4311.0500	Audit Clerk
ISCO 2008	4311	Accounting and Bookkeeping Clerks
NIC 2008	69201	Accounting, bookkeeping and auditing activities
QP Reference	Not available	Not available
NSQF	Not available	Not available

REFERENCES

1	National Classification of Occupations Division 4
2	http://www.payscale.com/research/IN/Job=Audit_Clerk/Salary

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