Essential career knowledge for any newly-qualified auditor
Once you’ve achieved your ACCA certificate or diploma, you’re probably going to experience a strange mix of different emotions. On the one hand, you’ll be excited and spurred on with a potent sense of achievement. On the other, you’re likely to find the prospect of a career in finance somewhat daunting and confusing.
In this post, we’ll go over some key pieces of knowledge to
help you get the start that’s right for you:
Internal or external auditing?
We’ll start by looking at two of the most popular positions
in the accountancy niche: internal and external auditors. The biggest audit
companies in Cyprus, such as PwC Cyprus, KPMG, Deloitte Cyprus, Ernst Young (EY)
Cyprus, Grant Tornton Cyprus and Eurofast, often have the need for ambitious,
qualified individuals to fill these positions.
The main difference between the roles is that internal
auditors work within a given organisation and then pass reports onto its
directors or audit committee. They generally have some part in designing the
company’s organising systems, and the development of risk management policies.
By and large, internal auditors can enjoy a continuous, consistent stream of
work based on the internal controls of a given business.
External auditors, on the other hand, are independent from
the organisation which they audit. They’re there to give a professional opinion
on the accuracy of a business’s financial statements, and work in the context
of a test to monitor existing systems.
Financial controller roles
Another popular target amongst new accountancy graduates is to become a financial controller. These professionals are responsible for all the day-to-day operations in a finance department, and report directly to the company’s finance director.
As you’re probably aware, this isn’t a job title you can
simply walk into and pick up as you go along. The large majority of successful
financial controllers have a background in management, or many years of
experience in accounting. Those just taking their first steps into the world of
finance will have to work hard to prove themselves and move up to a position in
this echelon of a company.
Financial controllers generally have their eyes on another,
more senior role, such as finance director, or even managing director for the
most capable and ambitious candidates.
Cyprus is knows as major retail forex center in the world.
Having over 150 regulated investment firms dealing with CFDs, forex and binary
instruments, CySEC requires to have internal audit position fulfilled in-house
or outsourced. Moreover, the same requirement is for external audit positions
which are covered by personnel from the auditing firms.
As we expect the trend or registered investment firms in Cyprus will continue to grow it will create more job opportunities for specialists from this domain.
Our job website can help you get started with auditing job opportunities in Cyprus, sign up today!