Auditors, Company Secretaries and Corporate Treasurers play crucial roles in the financial management and compliance of organizations in Australia. They are responsible for conducting audits of accounting systems, procedures, and financial statements, managing corporate funding and financial risk, and administering and reviewing corporate compliance activities.

Indicative Skill Level:

Most occupations in this unit group require a bachelor's degree or higher qualification. In some cases, relevant experience and on-the-job training may be necessary in addition to formal qualifications. Corporate Treasurers and Company Secretaries may substitute at least five years of relevant experience for the formal qualification (ANZSCO Skill Level 1). Registration or licensing may also be required.

Tasks Include:

• Arranging, giving notice of, and attending meetings of directors and shareholders
• Advising organizations' governing boards on compliance with stock exchange listing rules, relevant legislation, and corporation practice
• Supervising organizations' share capital by preparing documents and share issues, and handling share transfers
• Controlling treasury and treasury systems, and establishing and reviewing risk management objectives and treasury policies
• Identifying, managing, and reporting on financial risks
• Assisting with equity management, debt management, securities, and taxation planning issues
• Collecting, analyzing, and interpreting information on the financial standing, cost structures, and trading effectiveness of organizations
• Devising, reorganizing, and establishing budgetary cost control and other accounting systems
• Conducting audits and investigations, and preparing financial statements and reports for management, shareholders, and governing and statutory bodies
• Evaluating the cost effectiveness and risks of operational processes, activities, policies, and systems
• Reporting to management on the existence and effectiveness of the system of internal controls
• Establishing audit objectives, and designing and implementing audit methodologies, processes, and audit report criteria

Occupations:

• Company Secretary (221211)
• Corporate Treasurer (221212)
• External Auditor (221213)
• Internal Auditor (221214)

Company Secretary (221211)

A Company Secretary plans, administers, and reviews corporate compliance activities and effective practice concerning company board meetings and shareholdings. They ensure that all business matters and transactions are managed and implemented as directed by the board.

Skill Level: 1

Corporate Treasurer (221212)

Alternative Title: Financial Risk Manager

A Corporate Treasurer manages corporate funding, liquidity, and financial risk associated with the profitable development and operation of an organization. They may also be involved in acquisitions, disposals, and joint ventures. Registration or licensing may be required.

Skill Level: 1

External Auditor (221213)

An External Auditor designs and operates information and reporting systems, procedures, and controls to meet external financial reporting requirements. Registration or licensing may be required.

Skill Level: 1

Internal Auditor (221214)

Alternative Title: Audit Officer

An Internal Auditor examines, verifies, evaluates, and reports on financial, operational, and managerial processes, systems, and outcomes to ensure financial and operational integrity and compliance. They also assist in business process reviews, risk assessments, developing deliverables, and reporting progress against outcomes. Registration or licensing may be required.

Skill Level: 1