Auditors, Company Secretaries and Corporate Treasurers conduct audits of accounting systems, procedures and financial statements, manage corporate funding and financial risk, and administer and review corporate compliance activities.

A Bachelor Degree or higher is usually needed and half of workers have a university degree. Sometimes relevant experience or on-the-job training is also needed. Corporate Treasurers and Company Secretaries with at least 5 years of relevant experience may not need a formal qualification. Registration or licensing may be required.

Tasks

  • arranging, giving notice of and attending meetings of directors and shareholders
  • advising organisations' governing boards on matters concerning compliance with stock exchange listing rules, relevant legislation and corporation practice
  • supervising organisations' share capital by preparing documents and share issues, and handling share transfers
  • controlling treasury and treasury systems and establishing and reviewing risk management objectives and treasury policies
  • identifying, managing and reporting on financial risks
  • assisting with equity management, debt management, securities and taxation planning issues
  • collecting, analysing and interpreting information on the financial standing, cost structures and trading effectiveness of organisations
  • devising, re-organising and establishing budgetary cost control and other accounting systems such as computer-based systems
  • conducting audits and investigations and preparing financial statements and reports for management, shareholders, and governing and statutory bodies
  • evaluating the cost effectiveness and risks of operational processes, activities, policies and systems
  • reporting to management on the existence and effectiveness of the system of internal controls
  • establishing audit objectives, and designing and implementing audit methodologies, processes and audit report criteria

Job Titles

  • Company Secretary
  • Corporate Treasurer, or Financial Risk Manager
  • External Auditor
  • Internal Auditor, or Audit Officer
  • Company Secretary

    Plans, administers and reviews corporate compliance activities and effective practice concerning company board meetings and shareholdings, ensuring all business matters and transactions are managed and implemented as directed by the board.

  • Corporate Treasurer, or Financial Risk Manager

    Manages corporate funding, liquidity and financial risk associated with the profitable development and operation of an organisation. May be involved in acquisitions, disposals and joint ventures. Registration or licensing may be required.

  • External Auditor

    Designs and operates information and reporting systems, procedures and controls to meet external financial reporting requirements. Registration or licensing is required.

  • Internal Auditor, or Audit Officer

    Examines, verifies, evaluates and reports on financial, operational and managerial processes, systems and outcomes to ensure financial and operational integrity and compliance, and assists in business process reviews, risk assessments, developing deliverables and reporting progress against outcomes. Registration or licensing may be required.

Fast Facts

  • Avg. Weekly Pay

    $1,839 Before Tax
  • Future Growth

    very strong
  • Skill Level

    Bachelor Degree or higher
  • Employment Size

    19800
  • Unemployment

    above average
  • Male Share

    43.8%
  • Female Share

    56.2%
  • Full-Time Share

    87.5%

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This is a medium sized occupation employing 19,800 workers. Over the past 5 years the number of jobs has grown strongly.
Very strong growth is expected in the future. New jobs and turnover from workers leaving may create between 10,001 and 25,000 job openings over the 5 years to 2020.

  • While there are jobs in many parts of Australia, New South Wales has a large share of Auditors, Company Secretaries and Corporate Treasurers.
  • They mainly work in: Professional, Scientific and Technical Services; Financial and Insurance Services; and Public Administration and Safety.
  • Full-time work is very common. Full-time workers, on average, work 40.3 hours per week (compared to the all jobs average of 40 hours).
  • Average earnings for full-time workers are around $1,839 per week (very high compared to the all jobs average of $1,230). Earnings tend to be lower when starting out and higher as experience grows.
  • The average age is 38 years (compared to the all jobs average of 40 years).
  • Around 6 in 10 workers are female.
  • In 2016, the unemployment rate was above average.

Employment Outlook

Number of Workers

Source: ABS Labour Force Survey, Department of Employment trend data to November 2015 and Department of Employment projections to 2020.
YearNumber of Workers
200511500
200614900
200715800
200812300
200917100
201014000
201115600
201216700
201317900
201419000
201519800
202024200

Weekly Earnings

Full-time Earnings

All Jobs Average

Weekly Earnings (before tax)

Source: Based on ABS Characteristics of Employment survey, August 2015, Cat. No. 6333.0, Customised Report. Median earnings are before tax and do not include superannuation. Earnings can vary greatly depending on the skills and experience of the worker and the demands of the role. These figures should be used as a guide only, not to determine a wage rate.
EarningsAuditors, Company Secretaries and Corporate TreasurersAll Jobs Average
Full-Time Earnings18391230

Hours

Weekly Hours Worked

Source: Based on ABS Labour Force Survey, annual average 2016, Cat. No. 6291.0.55.003: Customised Report. Hours actually worked by people who usually work full-time, and share of employment by full-time and part-time status, for this job compared to the all jobs average.
CategoryAuditors, Company Secretaries and Corporate TreasurersAll Jobs Average
Full-time87.568.4
Part-time12.531.6
Average Weekly Hours (full-time)40.340

Main Industries

Top Industries

Main Employing Industries (% share)

Source: Based on ABS Labour Force Survey, annual average 2016, Cat. No. 6291.0.55.003: Customised Report. Industries are based on the Australian and New Zealand Standard Industrial Classification (ANZSIC 06).
Main Employing IndustriesIndustry (% share)
Professional, Scientific and Technical Services32.6
Financial and Insurance Services27.8
Public Administration and Safety18
Transport, Postal and Warehousing4.7
Other Industries16.9

States and Territories

  • NSW

  • VIC

  • QLD

  • SA

  • TAS

  • NT

  • ACT

Employment by State and Territory (% share)

Source: Based on ABS Labour Force Survey, annual average 2016, Cat. No. 6291.0.55.003: Customised Report. Share of workers across Australian States and Territories, in this job compared to the all jobs average.
StateAuditors, Company Secretaries and Corporate TreasurersAll Jobs Average
NSW42.331.8
VIC2125.5
QLD22.219.8
SA36.8
WA7.911.2
TAS1.52
NT0.91.1
ACT1.11.8

Age Profile

Age Profile (% share)

Source: Based on ABS Labour Force Survey, annual average 2016, Cat. No. 6291.0.55.003: Customised Report. Age profile of workers in this job compared to the all jobs average.
Age BracketAuditors, Company Secretaries and Corporate TreasurersAll Jobs AverageAll Jobs Average
15-190-5.45.4
20-2411.6-9.99.9
25-3431.9-23.423.4
35-4425.9-21.721.7
45-5414.8-21.121.1
55-5911.7-8.78.7
60-643.1-5.95.9
65 and Over1-3.83.8

Gender

Male Share

Female Share

Gender (% share)

Source: Based on ABS Labour Force Survey, annual average 2016, Cat. No. 6291.0.55.003: Customised Report. Male and female share of employment in this job compared to the all jobs average.
CategoryAuditors, Company Secretaries and Corporate TreasurersCategoryAll Jobs Average
Males43.8Males53.6
Females56.2Females46.4

Education Level

Top Education Levels

Highest Level of Education (% share)

Source: ABS, Education and Work (2016). Findings based on use of ABS TableBuilder data. Highest qualification completed by workers in this job (in any field of study). Skill level requirements can change over time, the qualifications needed by new workers might be different from the qualifications of workers already in the job.
Type of QualificationAuditors, Company Secretaries and Corporate TreasurersAll Jobs AverageAll Jobs Average
Post Graduate/Graduate Diploma or Graduate Certificate23.8-8.68.6
Bachelor degree31.8-17.917.9
Advanced Diploma/Diploma8.9-10.110.1
Certificate III/IV11.7-18.918.9
Year 126.1-18.718.7
Years 11 & 1017.8-17.717.7
Below Year 100-8.18.1

A Bachelor Degree or higher is usually needed and half of workers have a university degree. Sometimes relevant experience or on-the-job training is also needed. Corporate Treasurers and Company Secretaries with at least 5 years of relevant experience may not need a formal qualification. Registration or licensing may be required.

If you are interested in this style of work, there are a wide range of training options available that could lead to this or a similar job.
The pathway that is right for you will depend on your skills and interests.

It is a good idea to speak to industry bodies, employers, and workers to learn more about the skills and qualifications you will need.

Employers look for Auditors, Company Secretaries and Corporate Treasurers who have strong attention to detail, are organised and work independently.

Knowledge

The topics, subjects, or knowledge areas workers rate as most important are shown below.

  1. Economics and Accounting

    96% Important

    Economics and accounting, the financial markets, banking and checking and reporting of financial data.

  2. English Language

    86% Important

    English language including the meaning and spelling of words, rules of composition, and grammar.

  3. Mathematics

    80% Important

    Arithmetic, algebra, geometry, calculus, or statistics.

  4. Administration and Management

    79% Important

    Planning and coordination of people and resources.

  5. Customer and Personal Service

    78% Important

    Customer and personal services. This includes understanding customer needs, providing good quality service, and measuring customer satisfaction.

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O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration. The information on this site is derived from the US Department of Labor O*NET Database Version 21.2

Learn about the daily activities, and physical and social demands faced by workers. Explore the values and work styles that workers rate as most important.

Activities

The work activities workers rate as most important are shown below.

  1. Checking Compliance with Standards

    95% Important

    Deciding whether events or processes comply with laws, regulations, or standards.

  2. Getting Information

    94% Important

    Looking for, getting and understanding different kinds of information.

  3. Communicating with Supervisors, Peers, or Staff

    92% Important

    Giving information to supervisors, co-workers, and staff by telephone, in written form, e-mail, or in person.

  4. Updating and Using Relevant Knowledge

    92% Important

    Keeping up-to-date with technology and new ideas.

  5. Making Decisions and Solving Problems

    90% Important

    Using information to work out the best solution and solve problems.

Occupational Information Network Treasurers and Controllers Opens in a new window
O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration. The information on this site is derived from the US Department of Labor O*NET Database Version 21.2

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