Performs professional auditing/examining duties. Examines and analyzes business and individual tax returns, electronic data processing systems and/or an organization’s activities and operations to ascertain financial status, accuracy of data, efficiency, or compliance with laws and regulations.
This class is the journey-level of the auditing series. Some positions have supervisory or lead worker responsibilities.
Inspects accounting files to determine the existence of sufficient documentation for journal or ledger entries. Tests samples of past accounting transactions for accuracy, endorsement, and correct posting. Examines financial records and interviews employees to ensure proper recording of transactions and determine compliance with laws and regulations. Conducts audits of the accounts of individuals, partnerships, fiduciaries, small businesses, banks, savings and loans, and domestic corporations to verify the accuracy of returns filed and to ensure compliance with South Carolina income tax, sales and use tax, license, motor fuel and gasoline tax, and estate and gift tax laws. Confers with taxpayers and/or their representatives in matters pertaining to tax laws. Reviews financial statements of companies licensed to sell insurance in the state. Ensures that insurance companies satisfy state financial requirements. Investigates and reviews the financial background of companies applying for admission to the state. Concludes settlements subject to appeal to the Department of Revenue. Instructs providers and/or accountants in the proper completion of cost reports, in changes in desk audit policies and practices, and in changes in state and federal regulations. Audits computer application systems, system software, documentation, and controls. Identifies problems and recommends solutions. Evaluates specifications and system designs, tests transactions, and determines the effectiveness and efficiency of systems. Directs the examination, analysis, and computation of insurance company tax returns to determine compliance with statutory requirements. Reviews and classifies assets, liabilities, notes, collateral loans, and mortgage loans. Evaluates and verifies collateral and other supporting data. Verifies cash and securities owned. Examines and analyzes profit and dividend statements and policies. Writes audit reports to document findings and recommendations. Prepares various report schedules including comparative statements of condition and income, interest rate risk exposure measurements, recapitulation of securities, and liquidity and dependency ratio. Coordinates the operations function of the examination of banks, including overseeing preparation of various schedules and comments included in the examination report. Supervises employees, completes employee performance appraisals, and provides training by serving as classroom instructor, technical leader, or on-the-job instructor.
Knowledge of the principles, practices, methods, and theories of accounting, auditing, banking and/or insurance. Knowledge of budgetary practices. Knowledge of EDP system adaptations, and state financial transaction procedures. Knowledge of federal and state laws and regulations relevant to the area of auditing responsibility. Knowledge of management principles and practices. Skill in the use of calculators, notebook computers, and Microsoft Word and Excel . Ability to analyze and verify accounting, statistical and financial data. Ability to interpret and explain laws, procedures, and policies to other individuals. Ability to communicate effectively, both orally and in writing. Ability to establish and maintain effective working relationships with others.
An associate degree and experience in accounting, auditing, finance, insurance, or tax preparation and/or analysis. A bachelor's degree with multiple accounting courses may be substituted for the work experience.