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The Role of the Auditor. All associations must conduct two audits a year. An audit is a formal examination of the financial books and records the PTA. An audit serves to certify that receipts and expenditures, as authorized in the minutes, are in conformity with Bylaws, Standing Rules, and budget limitations.

Other important tax assistant tasks at a glance: Audit of annual and consolidated financial statements (in ance IFRS and GAAP) Preparation of annual financial statements. Preparation of tax returns. Recording structures within a company and, if applicable, restructuring and transformations.

When a PA/PTA decides to conduct an internal audit, an audit committee must be formed. This committee must be selected by the general membership and the majority must be general members.

checking that financial reports and records are accurate and reliable. ensuring that assets are protected. identifying if and where processes are not working as they should and advising on changes to be made. preparing reports, commentaries and financial statements.

An audit assistant usually assesses the strengths and weaknesses of the finances of the organisation under audit. This includes determining the accuracy of accounting procedures and systems and making recommendations for changes in business unit accounting systems and controls.