If you want to become an Assistant Audit Officer then this article is definitely for you. AAO or Assistant Audit Officer is a post in the Indian Audit and Accounts Department under the Comptroller and Auditor General of India. AAOs have the following duties: assist the seniors for audits, check financial records, verify the compliance with laws and regulations, and find areas that can be improved. In this article we will explore the power of an AAO, what is AAO, what is an Audit Officer, eligibility criteria, role of an AAO, facilities and many more. Go through this full article to know in detail about the power of an AAO.
What is an Audit Officer?
There are many organisations, be it government or private organisations, and there are many big companies also in which audit is done from time to time, and this audit is done by the audit officer. And this vacancy is that you can first join it through Assistant Audit Officer (AAO) or you can join through Auditor. You can join it through SSC CGL i.e. the graduate level exam is conducted by the Staff Selection Commission. And through this exam, you are selected for this post. If you become an auditor, then after two-three promotions of becoming an auditor, you can reach this post. Otherwise normally you can also become Assistant Audit Officer Directly. The post of AAO is a Group B Gazetted Officer post in SSC CGL. An Assistant Audit officer does the work of audit in Central Government, State Government and Private Sector's multinational companies. They check the management of the accounts. The post of Audit Officer comes under Indian Audit and Accountant Departments i.e CAG.
Eligibility Criteria
- To apply for this post, you have to complete at least graduation with any stream from a recognised board. If you have completed graduation in BA, BSc, BCom or BTech, then you can apply for this post.
- Graduation is a primary qualification which is required by all.
- If you have a desirable qualification, then a little bit of weightage is given, such as if you have done CA/CS/MBA/Cost & Management Accountant or you have done Masters in Commerce, Master's Business Studies, then if the marks of two candidates are same then first preference will be given to the desirable candidate. Your path becomes a little easier.
- You must be at least 21 years old to apply for it. And you can apply till maximum 30 years. Age relaxation is also given as per rule, as per category.
- For AAO it is compulsory for you to clear the SSC CGL exam.
Departments of AAO
-
Accounts & Entitlements
-
Gen & Social Sector Audit
-
Economic & Revenue Sector Audit
-
Central Audit
-
Railway Audit
-
Civil Audit
-
Commercial Audit
-
Defence Audit
Promotions
- In this there is selection on the post of Assistant Audit Officer (AAO).
- After this there is the post of Audit Officer (AO) which takes 5 years to reach.
- After this there is the post of Senior Audit Officer (SAO) which takes 2-4 years to reach.
- After this there is a post of Deputy Accountant General (DAG) which takes 5 to 6 years to reach.
- After this there is the highest grade post which is Accountant General (AG).
Role
The Assistant Audit Officer helps the Audit Officer and the Audit Officer helps the Senior Audit Officer (SAO) and also has to travel according to the audit. Sometimes it takes a lot of time to audit. As an AAO, you can be posted at two places first in headquarters or on tour. In this, mainly two types of work: one you go on audit or you stay in the head quarter.
Work in Headquarter (Desk Work)
If you are posted in the headquarters, then it may be your duty to make all the arrangements for the people who are going on tour. And administrative work like giving medical allowance, travelling allowance to someone or the team that goes for audit. The team that goes for the audit prepares a report and as soon as that report is prepared, it comes to your section again, to check it again, which is known as vetting. These are the work you have to do if you have posted in the headquarters.
Work in Tour (Field Work)
The second is if you go into the field. You have to travel in this. Your basic duty in the field is to audit. In this work profile, you have to go to other places and do inspections and audits. Suppose if you went to any one unit, you have to check the day-to-day activities of that unit, according to which rules they are spending the money. Is that rule correct, under which rule, has he spent more or less etc. Low cost is also a problem, you will learn that when you will join the department because if you have got this much money, then you have to avail it. You have to provide services to the people. If you are not spending all that means the services are not reaching the people, these all work you have to do when you go on tour. So the best thing about the tour is that you meet new people, on a good post, if you are going to Panchayat tour then you will work with BDO, SDM. And whatever policies are made for the people, whether it is by the Central Government or the State Government, whether they are able to reach the people or not, it is all your work. And this touring can be done in your city as well as outside the cities.
Conclusion
The power of an Assistant Audit Officer (AAO) is significant in the financial auditing industry. They are able to uncover financial irregularities, improve the financial processes and procedures, enforce compliance with regulation and standards and prevent fraud. If you want to become an Assistant Audit Officer then this article will definitely help you. You will know in detail about the power of an AAO, what is AAO, what is an Audit Officer, eligibility criteria, role of an AAO, facilities and many more. Hopefully this article will be informative and fruitful to you. For more updates and information visit our website Sarkari Set. Sarkari Set provides all updates related to medical courses, engineering courses, paramedical, BSc courses, MSc courses etc. If you have any queries feel free to comment below and also if you have any suggestions then drop it.
Power of AAO - FAQs
Q. What is the power of an AAO?
AAO or Assistant Audit Officer works in the Indian Audit and Accounts Department (IAAD). They play an important role in auditing compliance, the financial transactions of the union and state governments, public sector organisations and union territories.
Q. What are the eligibility criteria for an AAO?
To apply for an AAO post, you have to complete at least graduation with any stream from a recognised board or University. If you have completed graduation in BA, BSc, BCom or BTech, then you can apply for this post.
Q. What is the highest salary of an AAO officer?
The highest salary of an AAO officer is almost INR 13.0 lakhs per annum. The average annual salary for an Audit Officer in India ranges between INR 1.8 Lakhs to INR 13.0 Lakhs.
Q. What is the recruitment process for an AAO?
To apply for an AAO post, you must appear for the SSC CGL exam that is conducted in 4 stages.
- In Tier 1, it will be an online exam that consists of 100 multiple choice questions (MCQs) for the duration of 60 minutes.
- In Tier 2, it will also be an online exam that consists of 500 multiple choice questions (MCQs) for the duration of 120 minutes.
- In Tier 3, it will be an offline examination that consists of only one descriptive question for the duration of 120 minutes.
- In Tier 4, it will be conducted in two stages - Data Entry Speed Test (DEST) and Computer Proficiency Test (CPT).
Q. What is the duty of an Assistant Audit Officer (AAO)?
AAOs typically have the following duties: assist the seniors for audits, checks financial records, verify the compliance with laws and regulations, and find areas that can be improved.
Q. What is the promotion of AAO?
An AAO generally gets a promotion in about 6-10 years to the rank of Audit Officer, Senior Audit Officer, Deputy Accountant General, Senior Deputy Accountant General.