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

  • $1,839 Weekly Pay
  • 18,000 workers Employment Size
  • Very strong Future Growth
  • Very high skill Skill level rating
  • Average unemployment Unemployment
  • 91.5% Full-Time Full-Time Share
  • 38.9 hours Average full-time
  • 38 years Average age
  • 42.2% female Gender Share

The number of Auditors, Company Secretaries and Corporate Treasurers stayed fairly stable over the past 5 years and is expected to grow very strongly over the next 5 years:
from 18,000 in 2017 to 22,200 by 2022.
There are likely to be around 12,000 job openings over this time from workers leaving and new jobs being created.

  • Size: This is a medium sized occupation.
  • Unemployment: Unemployment was average in 2017.
  • Location: Auditors, Company Secretaries and Corporate Treasurers work in most regions of Australia.
  • Industries: Most work in Financial and Insurance Services; Professional, Scientific and Technical Services; and Public Administration and Safety.
  • Earnings: Full-time workers earn 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.
  • Full-time: Most work full-time (91.5%, much higher than the all jobs average of 68.4%) showing part-time work may be hard to find.
  • Hours: Full-time workers spend around 38.9 hours per week at work (compared to the all jobs average of 40.0 hours).
  • Age: The average age is 38 years (compared to the all jobs average of 40 years).
  • Gender: 42.2% of workers are female (compared to the all jobs average of 46.7%).

Employment Outlook

Number of Workers

Source: ABS Labour Force Survey, Department of Jobs and Small Business trend data to May 2017 and Department of Jobs and Small Business projections to 2022.
YearNumber of Workers
200716700
200812900
200914500
201014500
201116600
201218000
201315600
201418800
201516700
201622300
201718000
202222200

Weekly Earnings

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

Main Industries

Main Employing Industries (% Share)

Source: Based on ABS Labour Force Survey, annual average 2017, 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)
Financial and Insurance Services30.2
Professional, Scientific and Technical Services22.4
Public Administration and Safety19.4
Education and Training4.0
Other Industries24.0

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 2017, 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
NSW39.631.6
VIC28.326.2
QLD13.019.7
SA6.46.7
WA7.410.8
TAS1.52.0
NT1.01.1
ACT2.81.8

Age Profile

Age Profile (% Share)

Source: Based on ABS Labour Force Survey, annual average 2017, 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
15-190.6-5.25.2
20-244.7-9.99.9
25-3430.7-23.623.6
35-4430.1-21.721.7
45-5417.2-20.820.8
55-5910.6-8.88.8
60-642.9-6.06.0
65 and Over3.1-4.04.0

Education Level

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.

Before starting a course, check it will provide you with the skills and qualifications you need.

  • Compare undergraduate and postgraduate student experiences and outcomes on the QILT website.
  • Compare Vocational Education and Training (VET) courses, providers and student outcomes on the My Skills website.
  • You might be interested in Financial Services VET training pathways on the AAPathways website.

The course listings on this page are provided by Good Education Group.

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

Knowledge

These are important topics, subjects or knowledge areas.

  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.

Occupational Information Network
O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
The importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 13-2011.02 - Auditors.

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

These are kinds of activities workers regularly do in this job.

  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
O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
The importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 13-2011.02 - Auditors.

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