I realize it has been a week since I last posted, but times have been tiring. My new job seems pretty cool still. I am really looking forward to the telecommuting part three days a week when I am fully trained. Of course there will still be a lot of driving to audits, but it will give me a relief on the commute.
The duties seem fairly straightforward. My co-workers do have a lot of responsibilities, but I do notice that the technical skills required for this job are fairly specific. When I audited governmental agencies, I was required to keep up with all GAAP and GAGAS requirements (both the new accounting requirements for all types of entities and governmental requirements). I would perform financial statement audits, federal contract compliance audits and other audits that determined if the government was following state and local laws, along with following their own policies. These types of audits are specifically for one type of item, and totally different then any of the above things I did. It requires less accounting/auditing knowledge utilizing CPA firm type knowledge and more of a focus on specific tax codes. A bit more like an IRS Revenue Agent.
I found I get to investigate whoever I feel is at risk for avoiding taxes in our District Tax Office area. I have a quota of 3 UE audits (Underground Economy audits which means I have to find, audit and fine 3 businesses a month once I am fully trained) with an additional 2 program audits. Program audits are randomly selected businesses and they do not need to be shown to owe money, they are just audited to conform with the requirements from the Department of Labor (Fed agency for unemployment). It makes me nervous to not only have the power to select and investigate businesses but also to assess any fines. Along with that responsibility (which I have no problem with) I do have a quota I have to reach a month. I don’t think I would abuse it, but any person who has a quota, has the power to select and fine/penalize people makes me uncomfortable.
Although I have to say the people in my office seem really cool. None of them are UE (Underground Economy Auditors) I will be the only one for my office (they all do the randomly assigned program audits) who investigates people. It also makes me nervous that none of them volunteered to take this position. My position is actually on a higher pay grade than the rest of the auditors (even though it maxes out way below my last job). When I asked why no-one went for the opening, they all told me they like their current jobs (they have all been there years and years). Makes me nervous about this position, BUT I have to say everyone (including management, and people in Olympia) have been nothing but supportive. So I think its worth giving a chance.
Oh, last thing I forgot to mention was this is a perfect resume job if I ever try and hop to the IRS (which if the DoD doesn’t work out, is my next target). This is almost exactly like an investigative revenue agent, except instead of income tax I am looking for unpaid unemployment taxes.