Financial examiners examine financial records to ensure compliance with the law and accuracy. They require training in accounting and law, high personal integrity, attention to detail, and knowledge of up-to-date standards and laws. In the US, they specifically inspect tax records, while in other regions, they examine financial records more generally.
People use the term “financial examiner” to describe many different types of jobs. All of these jobs involve examining financial records to confirm that they comply with the law and comprise an accurate representation of an individual’s or organization’s financial situation. Financial examiners usually have training in accounting and law and may have some additional specialized training depending on where they work and what types of materials they work with.
Like other financial professionals, examiners are expected to be of high personal integrity. They have access to confidential and potentially compromising information, including detailed data about financial activities and accounts. They must demonstrate that they can adhere to an ethical code, that they clearly understand the areas of law that pertain to the documents they inspect, and that they have no conflict of interest.
In the United States, a financial examiner is specifically someone who inspects tax records. The examiner examines a tax return to confirm that it is correct and that the taxpayer is indeed eligible for all of the exemptions claimed on the return. Some financial examiners work for the Internal Revenue Service, examining taxpayers’ records for signs of wrongdoing. Others work in the private sector, reviewing tax documents before they are filed to help individuals and businesses avoid common pitfalls that can cause problems or delay the processing of their tax information.
In other regions of the world, financial examiners work more generally, examining financial records and may not focus or deal with tax documentation in particular. Financial examiners may work within organizations, auditing their financial data to ensure it is accurate, and they may also be called on to inspect financial data. This type of financial examiner ensures that financial activities comply with the law and that documents are filed legally and in accordance with industry standards.
Someone who is interested in being a financial examiner must pay attention to detail. The job requires the ability to patiently sift through large volumes of material to identify deviations and problems. A financial examiner needs to be aware or risk missing important information, and these professionals also need to be familiar with up-to-date standards, practices and laws. Many financial examiners belong to professional organizations designed to keep people current in their field.
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