Accountants and auditors

Accountants and auditors

NOC
1111

- Financial auditors and accountants

Organize and administer the financial records of individuals, businesses, and organizations. Experienced accountants may specialize in auditing financial records for accuracy and compliance.

Quick facts

3 Year Outlook

Good
Good

3 Year Job Openings

242
 

Median Hourly Wage

$28.85
$16.92
Low
$43.27
High

Median Salary

$54,988
 

Typically Required

University

Employed

2,583
 

% Working Full Time

91%
 

% Working Full Year

80%
 
Job details

Full NOC Description

Financial auditors examine and analyze the accounting and financial records of individuals and establishments to ensure accuracy and compliance with established accounting standards and procedures. Accountants plan, organize and administer accounting systems for individuals and establishments. Articling students in accounting firms are included in this unit group. Financial auditors and accountants are employed by auditing and accounting firms throughout the private and public sectors, or they may be self-employed.

Main Duties

Financial auditors perform some or all of the following duties:

  • Examine and analyze journal and ledger entries, bank statements, inventories, expenditures, tax returns and other accounting and financial records, documents and systems of individuals, departments within organizations, businesses or other establishments to ensure financial recording accuracy and compliance with established accounting standards, procedures and internal controls
  • Prepare detailed reports on audit findings and make recommendations to improve individual or establishment's accounting and management practices
  • Conduct field audits of businesses to ensure compliance with provisions of the Income Tax Act, Canadian Business Corporations Act or other statutory requirements
  • May supervise other auditors or professionals in charge of accounting within client's establishment.

Accountants perform some or all of the following duties:

  • Plan, set up and administer accounting systems and prepare financial information for individuals, departments within organizations, businesses and other establishments
  • Examine accounting records and prepare financial statements and reports
  • Develop and maintain cost finding, reporting and internal control procedures
  • Examine financial accounts and records and prepare income tax returns from accounting records
  • Analyze financial statements and reports and provide financial, business and tax advice
  • May act as a trustee in bankruptcy proceedings
  • May supervise and train articling students, other accountants or administrative technicians.

Also Known As

  • accountant
  • chief accountant
  • financial auditor
  • income tax expert
  • industrial accountant
  • internal auditor
Requirements

Employment Requirements

  • Chartered professional accountants, chartered accountants require a university degree and Completion of a professional training program approved by a provincial institute of chartered accountants and, depending on the province, either two years or 30 months of on-the-job training and Membership in a provincial Institute of Chartered Accountants upon successful completion of the Uniform Evaluation (UFE).
  • Chartered professional accountants, certified general accountants and Chartered professional accountants, certified management accountants require a university degree and Comp

Provincial Regulation

  • Provincially Regulated: Yes
  • Compulsory: Yes
  • Red Seal: No
  • Certified Interprovincial Mobility: Yes

Regulation Body

Employment by Sex

The following graph shows the percentage of men and women working in this occupation in New Brunswick.

Data legend

55.8%
Female
44.2%
Male
Employment by age

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by age group.

Data legend

3.7%
15-24
20.4%
25-34
25.8%
35-44
23.7%
45-54
19.3%
55-64
7.1%
65+
Employment by highest level of education

The following graph shows the breakdown of all persons working in this occupation in New Brunswick by highest level of education achieved.

Data legend

0.0%
No Certificate, Diploma or Degree
6.7%
High School, Diploma or Equivalent
0.7%
Apprenticeship or Trades Certificate or Diploma
28.1%
College or University Below Bachelor Level
64.4%
University - Bachelor Level or Above
Employment by Industry

The following graph shows the industry groups in which the largest shares of persons working in this occupation in New Brunswick are employed. Small percentages for all top three industry groups may suggest employment for this occupation is widely distributed amongst many industry groups.

Data legend

43.6%
Professional, scientific and technical services
15.3%
Public administration
8.4%
Manufacturing
32.8%
All Other Industries
Employment by Economic Regions

The following graph shows the breakdown of all persons employed in this occupation in New Brunswick by which economic region they reside in.

Data legend

13.80%
Northeast
26.00%
Southeast
32.70%
Southwest
19.50%
Central
8.00%
Northwest
Province of New Brunswick Economic Regions

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Annual Median Salary by Economic Regions

The following graph shows the median salary of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Data legend

$52,523
Northeast
$53,315
Southeast
$62,761
Southwest
$56,927
Central
$51,892
Northwest
Province of New Brunswick Economic Regions

Economic Regions

The following map displays New Brunswick’s five economic regions. An economic region (ER) is a grouping of counties, created as a standard unit for analysis of regional economic activity across Canada.

Hourly Median Wages by Economic Regions

The following represents the median hourly wage of all persons employed in this occupation in each of New Brunswick’s five economic regions.

Northeast

$30.00
$20.00
Low
$43.59
High

Southeast

$28.85
$17.05
Low
$50.00
High

Southwest

$28.85
$16.92
Low
$39.49
High

Central

$30.00
$16.92
Low
$33.65
High

Northwest

$28.85
$16.92
Low
$43.27
High
Salary

This following represents the median salary of all persons employed in this occupation compared to the median salary of workers employed in this occupation that work full-time year-round.

All Workers Employed in this Occupation

$54,988

Workers Employed Full-time, Full-year

$62,267

This following represents the median salary of persons employed in this occupation across each of the Atlantic Provinces and nationally.

New Brunswick

$54,988

Newfoundland

$60,083

Prince Edward Island

$58,707

Nova Scotia

$40,172

Canada

$58,535
Employment Outlook

The following represents the number of job openings that are expected to occur in this occupation over the next three and ten years respectively, broken down by openings expected to result from growth (“new jobs”) and openings expected to result from attrition (death and retirements).

Three Year Outlook

Total Openings: 3 Year

242
 

New Jobs: 3 Year

-32
 

Retirements/Deaths: 3 Year

273
 

Ten Year Outlook

Total Openings: 10 Year

831
 

New Jobs: 10 Year

-18
 

Retirements/Deaths: 10 Year

850