GENERAL DESCRIPTION OF CLASS

The FISCAL AUDITOR 2 audits the accounting records and financial statements of governmental agencies, utilities, and private businesses subject to State regulation or functions as an internal auditor. Employees in this class work independently, or in teams, to determine the accuracy of financial statements, accounting systems, and the adequacy of internal controls. Audits may be performed in the field or by desk review. Employees in this class coordinate team audits and training of lower-level auditors.

DISTINGUISHING FEATURES

This is the third level of a three-level series. It is distinguished from the lower levels by the complexity of audits assigned to employees in this class and the added responsibility for coordinating team audits and training lower-level staff.

DUTIES AND RESPONSIBILITIES

1. Team Audits. Typical tasks: works independently on complex areas of the audit; coordinates and assigns work to lower-level auditors; reviews work of lower-level audit staff and gives input to supervisor concerning performance evaluations; may explain audit findings and recommendations and/or conduct the exit interview with company or agency representatives.
2. Staff Training. Typical tasks: trains lower-level auditors; helps keep lower-level auditors up-to-date on changes in laws, rules, regulations, accounting theory, and audit practices; discusses with the audit manager how lower-level auditors are progressing in on-the-job training.
3. Audit Preparation. Typical tasks: reviews work papers from prior audits as assigned; assists in the preparation of the audit programs for review by an audit manager; identifies areas of audit concern for the entity to be audited; researches new developments or legislation relative to the entity to be audited to identify new areas that may require audit emphasis.
4. Audit Work. Typical tasks: audits the accounting records and financial statements of State agencies, regulated private companies, and/or utilities doing business in the state to determine the accuracy of financial statements and the integrity of manual or automated accounting systems; determines the accuracy of reported net profits, investment in capital assets, liabilities, and the appropriateness of depreciation rates and rates of return; performs on-site audits to evaluate accounting procedures; conducts tests to analyze internal controls; assists companies and/or agencies in setting up accounting systems or procedures to correct any areas of noncompliance; participates in defining, developing, and implementing necessary corrective actions; determines if accounting procedures comply with established State and Federal laws, rules, and regulations and are consistent with generally accepted accounting principles; interviews company or agency representatives to obtain information and explain audit findings; prepares or assists in the preparation of audit reports; researches, writes, and/or gives oral testimony in rate cases; conducts performance and efficiency audits; conducts related research as needed.

RELATIONSHIPS WITH OTHERS

Employees in this class have daily in-person and telephone contact with agency or corporate officials, accountants, and representatives during the course of an audit to answer questions and document information. Contact with these individuals may be required during rate-case issues, studies, or special audits for obtaining additional information or to provide documentation.

SUPERVISION RECEIVED

Employees in this class receive general supervision from an administrative supervisor. Work is reviewed for accuracy and compliance with established State and Federal rules, regulations, guidelines, policies and procedures, and professional audit standards. Employees work independently, or in teams, on an assigned audit schedule or team project.

GENERAL INFORMATION

Positions are found in central and remote locations throughout State government (e.g., general government agencies, human or natural resource agencies, correctional, mental health, or higher education institutions, hospitals, etc.). They require the willingness to work within the environment associated with the position's location. They require the willingness to travel, perhaps in inclement weather and under adverse road conditions, to perform audits at entities in various geographic locations throughout the State.

MINIMUM QUALIFICATIONS

• Two years of financial auditing experience including one year of experience auditing government agencies and a Bachelor's degree with thirty quarter hours or twenty semester hours in Accounting and Auditing