RecordMove

Audit supervisor to financial auditor

An audit supervisor already meets 37% of what the financial auditor role asks for. The move turns on 12 required skills not yet in the profile.

Fig. 1 · Skill transfer ESCO v1.2.1 · directional

From audit supervisor

Distant match

To financial auditor

19 You already bring

12 Still to learn

60 Skills in the target role2

Learning distance Substantial retraining

67.6/ 100

adjacentmoderatesubstantialcareer change

1 How much of what a financial auditor is expected to do is already part of an audit supervisor’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the financial auditor role is recorded as needing, required and optional together. What these numbers mean.

Why

Why this move works

A financial auditor role treats 10 of its required skills as things an audit supervisor already does. You would walk in with these on day one.

accounting department processes
arrange audit
conduct financial audits
corporate law
develop audit plan
financial department processes

What stands in the way is 12 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.

Table 2

Table 2 · What you already bring

Of the 19 skills that carry over, these are the ones fewest other occupations ask for. A financial auditor role needs them, and most people applying for one will not have them already. This is the part of an audit supervisor background worth leading with.

Skill the target role also needs Area

already held arrange audit information skills
already held develop audit plan management skills
already held internal auditing business, administration and law
already held pose questions referring to documents communication, collaboration and creativity
already held national generally accepted accounting principles business, administration and law
already held international financial reporting standards business, administration and law

All 19 carried skills, including the 10 the financial auditor role treats as required.

Table 3

Table 3 · What you may need to learn

The 41 missing skills fall into 8 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.

Skill to pick up Tier

01 information skills 4 required, 10 supplementary

still to learn monitor banking activities required
still to learn analyse financial risk required
still to learn check accounting records required
still to learn obtain financial information required

optional, not held identify if a company is a going concern optional
optional, not held develop financial statistics reports optional
optional, not held ensure compliance with accounting conventions optional
optional, not held ensure compliance with disclosure criteria of accounting information optional
optional, not held identify accounting errors optional
optional, not held maintain financial records optional
optional, not held maintain records of financial transactions optional
optional, not held produce statistical financial records optional
optional, not held provide support in financial calculation optional
optional, not held trace financial transactions optional

02 business, administration and law 4 required, 9 supplementary

still to learn accounting required
still to learn accounting entries required
still to learn accounting techniques required
still to learn financial analysis required

optional, not held commercial law optional
optional, not held international tariffs optional
optional, not held banking activities optional
optional, not held financial jurisdiction optional
optional, not held financial management optional
optional, not held financial products optional
optional, not held insolvency law optional
optional, not held joint ventures optional
optional, not held mergers and acquisitions optional

03 communication, collaboration and creativity 1 required, 6 supplementary

still to learn present reports required

optional, not held advise on credit rating optional
optional, not held advise on tax planning optional
optional, not held communicate with banking professionals optional
optional, not held disseminate information on tax legislation optional
optional, not held liaise with shareholders optional
optional, not held use consulting techniques optional

04 management skills 1 required, 2 supplementary

still to learn control financial resources required

optional, not held evaluate budgets optional
optional, not held maintain trusts optional

05 assisting and caring 1 required

still to learn inspect tax returns required

06 social sciences, journalism and information 1 required

still to learn economics required

2 further areas in the appendix

Table 4

Table 4 · Where to start

The 3 entries a financial auditor role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 19 skills that carry over

Skill Type

already held accounting department processes knowledge
already held arrange audit skill
already held conduct financial audits skill
already held corporate law knowledge
already held develop audit plan skill
already held financial department processes knowledge
already held interpret financial statements skill
already held observe confidentiality skill
already held pose questions referring to documents skill
already held prepare financial auditing reports skill
already held advise on financial matters skill
already held analyse financial performance of a company skill
already held financial statements knowledge
already held follow the statutory obligations skill
already held internal auditing knowledge
already held international financial reporting standards knowledge
already held make strategic business decisions skill
already held national generally accepted accounting principles knowledge
already held tax legislation knowledge

The 2 learning areas not shown above

Skill to pick up Tier

07 information and communication technologies (icts) 1 supplementary

optional, not held core banking software optional

08 services 1 supplementary

optional, not held fraud detection optional

29 supplementary skills, helpful but not required

Skill to pick up Tier

optional, not held commercial law optional
optional, not held core banking software optional
optional, not held identify if a company is a going concern optional
optional, not held international tariffs optional
optional, not held advise on credit rating optional
optional, not held advise on tax planning optional
optional, not held banking activities optional
optional, not held communicate with banking professionals optional
optional, not held develop financial statistics reports optional
optional, not held disseminate information on tax legislation optional
optional, not held ensure compliance with accounting conventions optional
optional, not held ensure compliance with disclosure criteria of accounting information optional
optional, not held evaluate budgets optional
optional, not held financial jurisdiction optional
optional, not held financial management optional
optional, not held financial products optional
optional, not held fraud detection optional
optional, not held identify accounting errors optional
optional, not held insolvency law optional
optional, not held joint ventures optional
optional, not held liaise with shareholders optional
optional, not held maintain financial records optional
optional, not held maintain records of financial transactions optional
optional, not held maintain trusts optional
optional, not held mergers and acquisitions optional
optional, not held produce statistical financial records optional
optional, not held provide support in financial calculation optional
optional, not held trace financial transactions optional
optional, not held use consulting techniques optional

18 held skills the financial auditor role does not ask for

Skill Type

not needed by the target role adhere to Standard Operating Procedures skill
not needed by the target role adhere to organisational guidelines skill
not needed by the target role adhere to questionnaires skill
not needed by the target role advise on efficiency improvements skill
not needed by the target role attend to detail in preparation for audits skill
not needed by the target role audit contractors skill
not needed by the target role audit techniques knowledge
not needed by the target role communicate problems to senior colleagues skill
not needed by the target role company policies knowledge
not needed by the target role design questionnaires skill
not needed by the target role employment law knowledge
not needed by the target role execute ICT audits skill
not needed by the target role global standards for sustainability reporting knowledge
not needed by the target role perform quality audits skill
not needed by the target role prepare audit activities skill
not needed by the target role quality standards knowledge
not needed by the target role revise questionnaires skill
not needed by the target role supervise staff skill

16 gaps that are knowledge rather than practice

Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.

Skill to pick up Tier

still to learn accounting required
still to learn accounting entries required
still to learn accounting techniques required
still to learn economics required
still to learn financial analysis required
optional, not held commercial law optional
optional, not held core banking software optional
optional, not held international tariffs optional
optional, not held banking activities optional
optional, not held financial jurisdiction optional
optional, not held financial management optional
optional, not held financial products optional
optional, not held fraud detection optional
optional, not held insolvency law optional
optional, not held joint ventures optional
optional, not held mergers and acquisitions optional

Index

Other moves recorded from audit supervisor

Full index of moves from audit supervisor

FAQ

Common questions about this move

Can an audit supervisor become a financial auditor?

Yes, and it is a substantial move. An audit supervisor already covers 37% of what a financial auditor is expected to do: 19 skills carry over, 10 of which the financial auditor role treats as required.

What skills does an audit supervisor need to become a financial auditor?

12 required skills are missing, plus 29 optional ones. They fall into 8 areas of the ESCO skill hierarchy, led by information skills. The single most important is monitor banking activities.

How hard is the move from audit supervisor to financial auditor?

Its learning distance is 67.6 out of 100, which is the substantial band. That accounts for both how much is missing and how specialised those skills are.

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.