Accountants and auditors

NOC

11100

- Financial auditors and accountants

organize and administer the financial records of individuals, businesses, and organizations. Experienced accountants may specialize in auditing financial records for accuracy and compliance.

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Full NOC Description

Financial auditors examine and analyze the accounting and financial records of individuals and establishments to ensure accuracy and compliance with established accounting standards and procedures. Accountants plan, organize and administer accounting systems for individuals and establishments. They are employed by private sector accounting and auditing firms or departments and public sector accounting and auditing departments or units, or they may be self-employed. Articling students in accounting firms are included in this unit group.

Main Duties

This group performs some or all of the following duties:

Financial auditors

Examine and analyze journal and ledger entries, bank statements, inventories, expenditures, tax returns and other accounting and financial records, documents and systems of individuals, departments within organizations, businesses or other establishments to ensure financial recording accuracy and compliance with established accounting standards, procedures and internal controls

Prepare detailed reports on audit findings and make recommendations to improve individual or establishment's accounting and management practices

Conduct field audits of businesses to ensure compliance with provisions of the Income Tax Act, Canadian Business Corporations Act or other statutory requirements

May supervise other auditors or professionals in charge of accounting within client's establishment.

Accountants

Plan, set up and administer accounting systems and prepare financial information for individuals, departments within organizations, businesses and other establishments

Examine accounting records and prepare financial statements and reports

Develop and maintain cost finding, reporting and internal control procedures

Examine financial accounts and records and prepare income tax returns from accounting records

Analyze financial statements and reports and provide financial, business and tax advice

May act as a trustee in bankruptcy proceedings

May supervise and train articling students, other accountants or administrative technicians.

Also Known As

accountant
chief accountant
financial auditor
income tax expert
industrial accountant

internal auditor

Requirements

Employment Requirements

Chartered Professional Accountants (CPA) require a university degree; completion of the CPA certification program; several months of practical experience; and to be registered with a regulatory body (i.e. CPA New Brunswick). The CPA profession is provincially legislated.

Licensing by the provincial or territorial governing body (i.e. CPA New Brunswick) is required for CPAs practicing public accounting. The requirements to practice public accounting differ across provinces. Depending on the provinces where CPAs provide their services, licensing in multiple provinces may be required. External Auditors may require education, training, and recognition as indicated for Chartered Professional Accountants (CPA) and some experience as an accountant.

Internal Auditors are regulated by the Institute of Internal Auditors.

To act as a trustee in bankruptcy proceedings, auditors and accountants may require a license as a trustee in bankruptcy.

Provincial Regulation

Provincially Regulated: Yes

Regulation Body

CPA New Brunswick

Employment by Sex

The following graph shows the percentage of men and women working in this occupation in New Brunswick.

Data legend

52.2%

Female

47.8%

Male

Employment by age

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by age group.

Data legend

3.6%

15-24

21.2%

25-34

29.1%

35-44

22.8%

45-54

16.8%

55-64

6.5%

65+

Employment by highest level of education

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by highest level of education achieved.

Data legend

0.0%

No Certificate, Diploma or Degree

3.4%

High School, Diploma or Equivalent

0.8%

Apprenticeship or Trades Certificate or Diploma

20.8%

College or University Below Bachelor Level

75.0%

University - Bachelor Level or Above

Employment by Industry

The following graph shows the industry groups in which the largest shares of persons working in this occupation in New Brunswick are employed. Small percentages for all top three industry groups may suggest employment for this occupation is widely distributed amongst many industry groups.

Data legend

37.2%

Professional, scientific and technical services

17.2%

Public administration

8.0%

Manufacturing

37.5%

All Other Industries

Employment by Economic Regions

The following graph shows the breakdown of all persons employed in this occupation in New Brunswick by which economic region they reside in.

Data legend

10.50%

Northeast

30.60%

Southeast

31.40%

Southwest

18.70%

Central

8.80%

Northwest

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Annual Average Salary by Economic Regions

The following graph shows the average salary of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Data legend

$69,000

Northeast

$80,000

Southeast

$90,000

Southwest

$80,800

Central

$62,000

Northwest

Economic Regions

Hourly Median Wages by Economic Regions

The following represents the median hourly wage of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Salary

The following shows the average salary of everyone who worked full-time and year-round in this occupation across each of the Atlantic Provinces and nationally.

Employment Outlook

The following represents the number of job openings that are expected to occur in this occupation over the next three and ten years respectively, broken down by openings expected to result from growth (“new jobs”) and openings expected to result from attrition (death and retirements).

Occupational Profiles