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Degrees and Schools
A degree in accounting is common for the occupation. Some financial examiners have a degree in finance.
Classes
Students typically study the following subjects:
- Accounting
- Business
- Finance
- Economics
- Math
- Information systems
Online Classes and Programs
Many schools provide online degrees in accounting and finance. Online students should look for schools which have been provided accreditation from agencies which have been approved by the United States Department of Education or the Council for Higher Education.
Employment Requirements
Many private and public employers require a bachelor's degree in accounting or finance for entry-level financial examiner jobs. For some positions an advanced degree is required. Financial examiners should have a solid foundation in computer databases and other relevant types of software. Some employers may require financial examiners to have credentials such as CPA, CISA and CISSP.
Financial examiners work in almost every industry. The primary employers for financial examiners are the federal government, state agencies and private corporations. Companies involved with financial investment activities, securities and commodity contracts, and deposit credit intermediation are also major employers.
How to Evaluate Schools and Programs
The answers to the following questions can help students select the appropriate school:
- Training - Does the program include relevant externships? Do students have to find their own externship?
- School's Reputation - Does the school have a good reputation?
- Job Placement - Are students provided job placement services? Does the school provide job fairs?
- Curriculum - What type of electives are offered? Can students select an area of specialization?
- Financial Aid - What types of financial aid are available? Is the school qualified to provide federal financial aid?
- Accreditation - Is the school accredited by an agency which has been approved by the the United States Department of Education or the Council for Higher Education?
Financial Examiners Job Description
Financial examiners evaluate the financial records of an organization to make sure it's complying with federal, state or local laws. A financial examiner also makes sure that the financial records of an organization or individual are accurate. Some financial examiners make sure financial and securities institutions follow the laws and regulations.
They examine a company's or an individual's tax returns for accuracy and to verify that credits and deductions are legitimate. A financial examiner working for a private company may examine the company's tax documents prior to filing to make sure they are accurate. Some financial examiners design and manage accounting procedures for automated PC or large computer accounting and auditing systems.
Shown below are some of the responsibilities of financial examiners:
- Develop guidelines for policies and procedures that comply with new and revised regulations
- Verify and examine bank owned securities, cash reserves and assigned collateral
- Ensure legality of transactions and operations and financial solvency
- Investigate the activities of organizations to enforce laws and regulations
- Provide recommendations for coordinating existing systems with examination procedures
- Resolve problems regarding the overall financial integrity of banking institutions
- Provide recommendations to ensure compliance with laws and regulations and to protect the solvency of organizations
Resources
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