What is the difference between Auditor and Financial Analyst?
Asked by Anne V
Can an Auditor apply for a Financial Analyst job as well?

Best Answer:
Auditors have to dig deep into a company's financial transactions and determine whether, or not, the transactions are reported in accordance to Generally Accepted Accounting Principles. Auditors also have to make sure that the company is not breaking any other laws and that the company has strong internal controls. Financial analysts, in the other hand, dig deep into a company's financials to determine whether the company is doing well and, perhaps, make recommendations to the company's management on how they can improve operations...or they might just write a report on their findings/analyses. Yes, an auditor can apply for a financial analyst position. But, in most cases, s/he will be taking a pay cut if s/he makes the transition.

An auditor is someone that goes through various financial records and looks for specific detail, and then will go through sometimes thousands of financial statements to notice things that need to be rectified or changed. Auditors can audit your tax returns, and can audit reports where companies have falsely stated things, and can also audit information about taxes that haven't been paid such as GST, PST, Social Service Taxes etc. A financial analyst is more like that of a economist. They look for trends and other patterns within the bulk of the companies or the individuals. I don't see why not, but it would be different ways of thinking, so from that stand point, I don't really know how it would completely work, but it is not impossible.
Answered by mtwaites