Audits/examines or oversees audits/examinations of financial records, business and individual tax returns, electronic data processing systems, and/or an organization's activities and operations to ascertain financial status, accuracy of data, efficiency, or compliance with laws and regulations.
Positions in this class perform the most complex and highly technical audits and/or supervise other professional auditors.
Conducts on-site reviews, disaster recovery procedures, and controls of negotiable instruments. Reviews controls and implementation procedures and ensures systems are documented. Explains proposed adjustments to tax returns and suggests ways of improving accounting procedures to avoid future irregularities and better conform to proper reporting procedures. Reviews disputed audits and coordinates conferences to discuss audit issues and the agency's position with taxpayers and/or their legal representatives. Assists in the discovery of non-filers and the selection of tax returns that meet the productivity criteria for audit. Assists the Office of Attorney General by providing factual information, technical assistance, and serving as expert witness on litigated cases. Makes procedural, legislative, and policy recommendations, and presents justification for recommendations. Measures voluntary compliance of taxpayers by the review and analysis of returns filed. Maintains internal controls and follow-up procedures to ensure field responsibility and taxpayer compliance. Performs research and analyses of proposed and existing federal legislation. Supervises and participates in field audits of nonresident and multistate corporations to determine the accuracy and completeness of returns filed and to ensure compliance with South Carolina tax laws. Conducts highly complex or specialized audits of the accounts of individuals, partnerships, fiduciaries, domestic corporations, banks, savings and loans, and insurance companies to verify the accuracy of returns filed and to ensure compliance with South Carolina tax laws. Assists in the development of new or revised tax regulations and procedures. Reviews assets of companies to ensure clear title and proper evaluations. Determines adequacy of insurance company reserves. Reviews processing of claims and claims practices. Verifies inventories, cash receipts, and disbursement records, and reconciles agency accounts. Audits source documentation submitted from state agencies to ensure transactions are in accordance with all laws, rules, and regulations governing payments. Recommends to program managers and administrators different staffing patterns, agency policies and procedures, organizational alignments, service delivery methods, equipment usage, storage and inventory controls, internal agency budgetary item classifications, cost center designations, purchasing practices, accounting techniques, space utilization and benefits/cost or other evaluative measures. Supervises audits of compliance with legislative and administrative requirements, operational audits of the efficiency of agency procedures, practices, and controls, and program audits of the effectiveness of agency services. Prepares various report schedules including comparative statements of condition and income, interest rate risk exposure measurements, recapitulation of securities, and liquidity and dependency ratio. Coordinates the operations function of the examination of banks, including overseeing preparation of various schedules and comments included in the examination report, primarily on examinations of larger banks. Ensures all premium quotes, endorsements, cancellations, correspondence, and renewals are processed in accordance with the National Council on Compensation Insurance Guidelines and SC Workers’ Compensation Commission rules. Provides consultations, training seminars, and presentations on premium calculation and the annual renewal and audit process. Independently conducts risk-focused annual and quarterly audits of insurer financial statements and all related supplemental regulatory filings. Customizes the nature and extent of analysis procedures performed to ensure effectiveness and efficiency in accordance with the size, risk, and complexity of the insurer. Summarizes and documents results of analysis and assessment of risks based upon information reviewed as well as communications with the insurer and other regulators. Schedules audits, assigns work to staff, determines time frames, reviews and approves audit reports, and determines priorities of audits. Presents audit results to the representatives of the entity being audited. Functions as a lead worker during audit examinations and writes complex audit reports.
Knowledge of principles, practices, theories, and techniques of accounting, auditing, financial management, banking, and insurance. Knowledge of programming languages, system design, computer operations, EDP system adaptations, and software applications. Knowledge of federal and state laws and regulations related to the programs being audited. Knowledge of security procedures for computer operations and data and disaster recovery procedures. Knowledge of complex rate setting and reimbursement methodologies. Knowledge of mathematical and statistical sampling techniques. Ability to interpret and analyze complex accounting and financial data. Ability to negotiate effectively with taxpayers, attorneys, Certified Public Accountants, tax managers, or other representatives. Ability to establish and maintain effective working relationships with persons contacted in the course of work. Ability to train and supervise subordinate staff. Ability to communicate effectively, both orally and in writing.
C.P.A. (Certified Public Accountant), C.I.A. (Certified Internal Auditor), or C.F.E. (Certified Financial Examiner) designation may be required.
A bachelor's degree and professional experience in accounting, auditing, finance, insurance, or tax preparation and/or analysis.