Tax advisor to financial auditor
A tax advisor already meets 27% of what the financial auditor role asks for. The move turns on 16 required skills not yet in the profile.
76.1/ 100
1 How much of what a financial auditor is expected to do is already part of a tax advisor’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 this move works
A financial auditor role treats 6 of its required skills as things a tax advisor already does. You would walk in with these on day one.
- accounting entries
- conduct financial audits
- inspect tax returns
- interpret financial statements
- observe confidentiality
- prepare financial auditing reports
What stands in the way is 16 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.
Table 2 · What you already bring
Of the 16 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 a tax advisor background worth leading with.
- already held inspect tax returns assisting and caring
- already held accounting entries business, administration and law
- already held national generally accepted accounting principles business, administration and law
- already held international financial reporting standards business, administration and law
- already held advise on tax planning communication, collaboration and creativity
- already held disseminate information on tax legislation communication, collaboration and creativity
All 16 carried skills, including the 6 the financial auditor role treats as required.
Table 3 · What you may need to learn
The 44 missing skills fall into 7 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.
- still to learn accounting department processes required
- still to learn financial department processes required
- still to learn accounting required
- still to learn accounting techniques required
- still to learn corporate law required
- still to learn financial analysis required
- 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 financial statements optional
- optional, not held insolvency law optional
- optional, not held internal auditing optional
- optional, not held joint ventures optional
- optional, not held mergers and acquisitions optional
- still to learn monitor banking activities required
- still to learn analyse financial risk required
- still to learn arrange audit 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 analyse financial performance of a company 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
- still to learn pose questions referring to documents required
- still to learn present reports required
- optional, not held advise on credit rating optional
- optional, not held communicate with banking professionals optional
- optional, not held liaise with shareholders optional
- still to learn control financial resources required
- still to learn develop audit plan required
- optional, not held evaluate budgets optional
- optional, not held maintain trusts optional
- still to learn economics required
- optional, not held follow the statutory obligations optional
1 further area in the appendix
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.
- 01 monitor banking activities practise this
- 02 accounting department processes study this
- 03 financial department processes study this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 16 skills that carry over
- already held accounting entries knowledge
- already held conduct financial audits skill
- already held inspect tax returns skill
- already held interpret financial statements skill
- already held observe confidentiality skill
- already held prepare financial auditing reports skill
- already held advise on financial matters skill
- already held advise on tax planning skill
- already held commercial law knowledge
- already held disseminate information on tax legislation skill
- already held fraud detection 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
- already held use consulting techniques skill
The 1 learning area not shown above
- optional, not held core banking software optional
28 supplementary skills, helpful but not required
- 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 analyse financial performance of a company 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 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 financial statements optional
- optional, not held follow the statutory obligations optional
- optional, not held identify accounting errors optional
- optional, not held insolvency law optional
- optional, not held internal auditing 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
26 held skills the financial auditor role does not ask for
- not needed by the target role advise on efficiency improvements skill
- not needed by the target role advise on legal decisions skill
- not needed by the target role advise on tax policy skill
- not needed by the target role business management principles knowledge
- not needed by the target role cadastral taxation knowledge
- not needed by the target role calculate tax skill
- not needed by the target role check official documents skill
- not needed by the target role civil law knowledge
- not needed by the target role collect tax skill
- not needed by the target role compile legal documents skill
- not needed by the target role develop taxation policies skill
- not needed by the target role inform on fiscal duties skill
- not needed by the target role inspect taxation documents skill
- not needed by the target role international taxation of transfer prices knowledge
- not needed by the target role legal department processes knowledge
- not needed by the target role legal terminology knowledge
- not needed by the target role manage payroll reports skill
- not needed by the target role manage personal finances skill
- not needed by the target role negotiate in legal cases skill
- not needed by the target role prepare financial statements skill
- not needed by the target role prepare tax returns forms skill
- not needed by the target role provide legal advice skill
- not needed by the target role research taxation procedures skill
- not needed by the target role secure sensitive customer's information skill
- not needed by the target role sign income tax returns skill
- not needed by the target role value-added tax law knowledge
18 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- still to learn accounting department processes required
- still to learn financial department processes required
- still to learn accounting required
- still to learn accounting techniques required
- still to learn corporate law required
- still to learn economics required
- still to learn financial analysis required
- 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 financial statements optional
- optional, not held insolvency law optional
- optional, not held internal auditing optional
- optional, not held joint ventures optional
- optional, not held mergers and acquisitions optional
Other moves recorded from tax advisor
- tax clerk 52% covered · moderate
- tax inspector 48% covered · moderate
- tax compliance officer 41% covered · substantial
- legal consultant 30% covered · substantial
- audit supervisor 30% covered · substantial
- financial fraud examiner 30% covered · substantial
- accountant 28% covered · career change
- tax policy analyst 27% covered · substantial
Common questions about this move
Can a tax advisor become a financial auditor?
Yes, and it is a career change move. A tax advisor already covers 27% of what a financial auditor is expected to do: 16 skills carry over, 6 of which the financial auditor role treats as required.
What skills does a tax advisor need to become a financial auditor?
16 required skills are missing, plus 28 optional ones. They fall into 7 areas of the ESCO skill hierarchy, led by business, administration and law. The single most important is monitor banking activities.
How hard is the move from tax advisor to financial auditor?
Its learning distance is 76.1 out of 100, which is the career change band. That accounts for both how much is missing and how specialised those skills are.
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.