Sorry to read that you did not get the job, but don't let it get you down and keep at it.
Audit work is usually checking to see that the records and accounts of a business are correct and properly maintained.
I see you are doing AAT, not sure if they still do it but they used to do an Audit unit for level 4 as an optional unit might be worth going on the website and having a look, if I remember rightly they used to do some decent e-learning modules for it but that was for the 2013 syllabus.
HTH
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Doug
These are only my opinions of how I see things and therefore should not be taken as advice
I studied audit at an advanced level but there is no way that I would have anything to do with it. Just studying it really makes you understand the intricacies of financial reporting standards and helps develop one's level of professional cynicism.
There is no protection on general accountancy, but audit (as with insolvency work) is protected in statute. An AAT person might work in audit as a junior doing specific tasks but you would not be an auditor. i.e. you could not pass comment upon the financial statements or communicate with the client.
There are numerous different legs to audit with the commonality being that the auditor is attempting to ensure that the subject matter is not materially different to the reported information and that the information has been prepared in an acceptable manner using the correct definitions of regulatory guidance.
There is a whole different set of standards applicable to audit. There are enhanced ethical considerations. And it's also the area most likely to get you sued even when you've done nothing wrong.
Considering the Bannerman, Johnstone and Maclay vs RBS (2002) where the audit junior was the one who got to do jail time I would say that not getting this was a narrow escape but sorry that the role didn't turn out to be the one that you thought that it would be. Keep at it... But avoid audit work (except internal audit).
If you want to know much more about audit and audit standards look at materials for ACCA paper F8 (P7 is too advanced so avoid those).
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Im not considering studying it in depth. My interview was for a claims administrator role which deals with funding from the ESF and other grant based partners. I would have had to evidence all claims and steps within that claim to make sure funding was realeased. This in mind, i was asked what experience I had of doing audit work? I said none, i did work on a vat investigation which led me to check all data, make sure everything had beem recorded correctly and argue my case based on my findings not sure if this counts as audit work and left it at that.
I got great feedback for the interview but was told another candidate had substantial audit experience.
