11100 - Financial Auditors and Accountants in Canada (2024)

Financial Auditors and Accountants are in high demand across Canada’s popular Financial and Accounting departments. The demand for skilled workers under this TEER has been rapidly expanding post the pandemic, and this trend is expected to continue over the coming years. There will be many job opportunities available for Financial Auditors and Accountants in Canada.

The high demand for skilled workers in this field has resulted in competitive salaries and excellent benefits for Financial Auditors and Accountants can range from $44,300 to $120,300 per year, depending on experience, location, and specialization, but they tend to be higher than average in this industry.

Financial Auditors and Accountant Jobs in Canada also offer many opportunities for career advancement in employment areas including banks, investment firms, and insurance companies. Professionals have numerous opportunities to expand their skills and take on new challenges as Financial Auditors and Accountants in Canada.

Financial Auditors and Accountants in Canada can avail of a wide range of benefits, from strong job security to high compensation, a supportive work environment, a direct Canada PR for Financial Auditors and Accountants pathway, and free healthcare. Canada is known for its welcoming and diverse culture, making it a great place for individuals under this TEER to live and work.

Let us help you Apply for Canada PR as Financial Auditors and Accountants.

Example Titles

• Accountant
• Chief accountant
• Financial auditor
• Income tax expert
• Industrial accountant
• Internal auditor

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 the 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.

Employment Requirements

• Chartered professional accountants, chartered accountants (CPA, CA) require a university degree and completion of a professional training program approved by a provincial Institute of Chartered Accountants and, depending on the province, either two years or 30 months of on-the-job training and membership in a provincial Institute of Chartered Accountants upon successful completion of the Uniform Evaluation (UFE).
• Chartered professional accountants, certified general accountants (CPA, CGA) and chartered professional accountants, certified management accountants (CPA, CMA) require a university degree and completion of an approved training program and several years of on-the-job training and certification with a regulatory body is required in all provinces and territories.
• Auditors require education, training, and recognition as indicated for chartered professional accountants, chartered accountants (CPA, CA), chartered professional accountants, certified general accountants (CPA, CGA), or chartered professional accountants, certified management accountants (CPA, CMA) and some experience as an accountant.
• Auditors may require recognition by the Institute of Internal Auditors.
• To act as a trustee in bankruptcy proceedings, auditors and accountants must hold a license as a trustee in bankruptcy.
• Licensing by the provincial or territorial governing body is usually required for accountants and auditors practicing public accounting.

Salary Prospects

Job Openings - TEER 11100

Over the period 2022-2031, new job openings for Financial Auditors and Accountants are expected to total 88,000, while 79,800 new job seekers are expected to be available to fill them. Immigrants learning how to get Financial Auditors and Accountant jobs in Canada from India can find it relatively easier to land a job under TEER 11100.