Audit services ensure the legality of a company’s financial records. They are crucial components to securing trust and validity within a company. Audit jobs in Prague, specifically at EY, can be a great choice for you. After all, they are not just for students that majored in accounting or economics!
Curious to see whether auditing is the right career path for you? Read further below about the fundamentals of audit jobs in Prague, Brno, and Ostrava, and find out for yourself!
What is Auditing?
Auditing is the process of examining and verifying a company’s financial records. It primarily involves a fair and accurate evaluation of financial statements by their relevant accounting standards. Financial documents that undergo auditing include income statements, statements of changes in equity, notes on financial statements, balance sheets, and cash flow statements.
Responsibilities for Audit Jobs
Auditors are specialists with an advisory role who recommend risk aversion measures and cost savings. They are fundamentally responsible for detecting mishaps, errors, and potential frauds in such financial records.
One of the most common misconceptions about auditing is that it is merely about analysing financial statements. However, the list of job responsibilities below outlines why that is far from the truth. Auditors are also involved in the following activities and tasks:
- Meetings with company executives
- Conducting site visits
- Learning about specific industries within the company such as insurance, automotive, banking, energy sector, IT, pharmaceutical, etc.
Audit services are the bedrock of client work at companies such as EY. For this reason, audit jobs in Prague, Brno, and Ostrava are high in-demand and could be the perfect career choice for you.
Requirements for Audit Jobs
Audit jobs require objectivity, confidentially and due care in their performance. Auditors must maintain professional scepticism, which is an essential requisite for auditors. They must also adhere to the Code of Ethics and the Code of Professional Conduct.
Furthermore, audit jobs in Prague, Brno, and Ostrava and elsewhere require a concrete set of hard and soft skills.
Hard skills required for audit jobs:
- Data analysis
- IT skills
- Math skills
- Accounting skills
Soft skills required for audit jobs:
- Analytical skills
- Ability to balance work & studies
- Problem-solving skills
- Ability to meet deadlines & work under pressure
- Interpersonal & communication skills
- Critical thinking & judgement skills
- Writing skills
- Big picture & detail-oriented thinker
Interests that are nice to have for audit jobs include:
- Interest in the financial system
- Affinity with legal issues
- Familiarity with data
- Interest in behaviour & culture
Relevant work experience, past internships, side jobs, or work experience during and after your studies are always a plus. However, audit jobs in Prague, Brno, and Ostrava, such as those at EY, do not require past work experience as their junior positions are available to fresh graduates.
What is Working in Auditing Like?
To better understand what auditing entails, this article takes a closer look at audit jobs in Prague, Brno, and Ostrava at companies such as EY.
Auditors in Prague, Brno, and Ostrava use the latest technology tools to assist with assessing financial documents within a company. Companies make significant investments in digital technology and innovation for auditors to utilise and deliver digital audits. As a result, auditing services are provided to companies regardless of their size, scope, structure or sector.
Auditing consists of multidisciplinary teams that work together to address and confront issues by deploying auditing tools and technologies. Team-building and collaboration enable the training and deployment of young talent in auditing services.
An audit job in Prague, Brno, or Ostrava will let you work with clients across dozens of industries including:
- Industrial products
- Media & Entertainment
- Real estate
EY hires graduates even when they have no experience in auditing or accounting. Their educational system enables all graduates to acquire the hands-on experience they need to excel at their position. In fact, one of the job benefits is coverage of costs for ACCA exams and study days.
Auditing is an exceptional opportunity if you consider yourself qualified. Through proper training and team collaboration, audit jobs in Prague, Brno, and Ostrava will help you get familiarised with the market and its financial shape. At the same time, you will help you get acquainted with different industries since you usually get the opportunity to work with different clients on a regular basis.
EY works as a team to help one another. Junior consultants learn from their Senior consultant colleagues all the time.