Demand in Canada for Financial Auditors and Accountants in 2024

Sanjay Yadav
[Published 24 Aug, 2023 | 05:47 PM]
About Author - 9 min read
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Owing to the booming Finance and Banking industries, the demand for Financial Auditors and Accountants in Canada has continued to be on the rise. With the growing demand in Canada for Financial Auditors and Accountants in 2023, more and more Finance and Banking firms are looking to hire immigrants to fill in the drastic labor market gaps.

The Canadian government has established various initiatives and programs to attract & retain professionals in these sectors - making it an attractive destination for immigrants with skills & experience as Financial Auditors and Accountants.

Check Eligibility for Canada PR as a Financial Auditor and Accountant

Are Financial Auditors and Accountants in Demand in Canada?

The demand in Canada for Financial Auditors and Accountants is more than ever. Canada’s booming Finance and Banking industry has led to a continuous need for professionals in this field. The sudden growth of banks, investment, and insurance firms along with the expansion of established ones have all contributed to the demand in Canada for Financial Auditors and Accountants.

Requirements to work as a Financial Auditor and Accountant

To be eligible to work in Canada as a Financial Auditor and Accountant, you would need to meet the following employment requirements:

• Chartered professional accountants, chartered accountants (CPA, CA) require a university degree and completion of a professional training program approved by a provincial Institute of Chartered Accountants and, depending on the province, either two years or 30 months of on-the-job training and membership in a provincial Institute of Chartered Accountants upon successful completion of the Uniform Evaluation (UFE).
• Chartered professional accountants, certified general accountants (CPA, CGA) and chartered professional accountants, certified management accountants (CPA, CMA) require a university degree and completion of an approved training program and several years of on-the-job training and certification with a regulatory body is required in all provinces and territories.
• Auditors require education, training, and recognition as indicated for chartered professional accountants, chartered accountants (CPA, CA), chartered professional accountants, certified general accountants (CPA, CGA), or chartered professional accountants, certified management accountants (CPA, CMA) and some experience as an accountant.
• Auditors may require recognition by the Institute of Internal Auditors.
• To act as a trustee in bankruptcy proceedings, auditors and accountants must hold a license as a trustee in bankruptcy.
• Licensing by the provincial or territorial governing body is usually required for accountants and auditors practicing public accounting.

How to get a job in Canada as a Financial Auditor and Accountant?

The NOC for Financial Auditors and Accountants in Canada is 11100. To get a job in Canada as a Financial Auditor and Accountant, follow these steps:

• Enhance your skills: Focus on improving your expertise as a Financial Auditor and Accountant by staying updated with the latest advancements in the field of accounting and finance. Keep up with emerging trends, such as technology-driven accounting, data analytics, and international financial reporting standards. Consider pursuing advanced courses or certifications to expand your knowledge and demonstrate your proficiency in specialized areas of auditing and accounting practices.

• Build a strong portfolio: Attend industry events, conferences, and meetups related to accounting and auditing. Engage with online communities, forums, and professional groups to connect with other professionals in the field. Networking can help you discover job opportunities and build relationships with potential employers in Canada's financial and business sectors.

• Networking: Conduct thorough research on the Canadian job market for Financial Auditors and Accountants. Identify cities or regions with a strong demand for professionals in this field, accounting firms or financial institutions actively hiring, and the specific skills and qualifications required. Stay informed about the regulations and licensing requirements for practicing as an Auditor or Accountant in Canada.

• Research the Canadian job market: Conduct thorough research on the Canadian job market for Financial Auditors and Accountants. Identify cities or regions with a strong demand for professionals in this field, accounting firms or financial institutions actively hiring, and the specific skills and qualifications required. Stay informed about the regulations and licensing requirements for practicing as an Auditor or Accountant in Canada.

• Apply for jobs: Make use of online job portals, professional networking platforms, and financial organization websites to search and apply for relevant positions as a Financial Auditor and Accountant. Tailor your resume and portfolio to highlight your experience in financial auditing, financial reporting, and providing financial advice.

• Consider immigration programs: Explore immigration programs such as the Express Entry system, Provincial Nominee Programs (PNPs), or work permits designed for skilled financial professionals. These programs offer opportunities to work and apply for Canada PR from India as a Financial Auditor and Accountant. Check eligibility requirements, including language proficiency, education credentials evaluation, and the CRS score calculator.

• Prepare for interviews: Familiarize yourself with common interview questions in the field of auditing and accounting. Practice explaining your experience in conducting financial audits, interpreting financial data, and ensuring compliance with accounting standards. Be prepared to discuss your ability to work in a team and handle complex financial situations.

• Obtain necessary work permits: If you receive a job offer, ensure that you understand the work permit or visa requirements for working legally in Canada. Consult the Government of Canada's official immigration website for accurate and up-to-date information on the application process. Be aware of any additional registration or licensing requirements for practicing as a Financial Auditor and Accountant in Canada.

Remember to stay persistent, be proactive in your job search, and leverage your skills and experiences to demonstrate your value to potential employers.

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Average salary in Canada for Financial Auditors and Accountants

One of the attractive aspects of pursuing a career as a Financial Auditor and Accountant in Canada is the competitive salaries and excellent benefits offered. Depending on factors such as experience, location, and specialization, Financial Auditors and Accountants can expect to earn anywhere between $44,300 and $120,300 per year. Salaries in this industry tend to be higher than average, reflecting the high demand in Canada for Financial Auditors and Accountants in 2023.

Pathways for Financial Auditors and Accountants to Immigrate to Canada

Owing to Canada’s booming Finance and Banking industries, Financial Auditors and Accountants find it relatively easier to immigrate to Canada - which is why the government offers quick and hassle-free work permits to skilled workers under this NOC. There are numerous pathways for Financial Auditors and Accountants to apply for Canada PR. Some of the most popular ones in 2023 include:

• Express Entry’s Federal Skilled Worker Program
• British Columbia Skills Immigration Stream
• Ontario Human Capital Priorities Stream
• Manitoba Skilled Worker Stream

It is important to note that immigration policies and requirements can change over time, so it is advisable to consult the official websites of the Government of Canada or seek professional advice from ICCRC-registered consultants for the most up-to-date information.

How can we help?

We at Nationwide Visas have assisted thousands of individuals to successfully immigrate to Canada as Financial Auditors and Accountants. In housing some of the best Canada immigration consultants in Delhi, we are equipped with the proficiency to accurately undertake the process to apply for Canada PR from India - and advise the most suitable course of action for best serving your needs.

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Nationwide Visas has accumulated a treasure of goodwill and exhaustive experience over the last 16+ years in this dynamic immigration industry and has constantly facilitated a wide range of aspiring immigrants to achieve their overseas goals.

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