Job Description of a Principal-in-Charge

Principals-in-charge handle tax matters.

The term "principal-in-charge" refers to an auditor who handles tax matters. Principals-in-charge typically work for accounting firms, where they make sure clients--and sometimes, their own companies--have filed taxes accurately, in accordance with federal, state and local governments.

Basics

Principals-in-charge oversee the accuracy of financial records. They check to ensure that receipts match with reported spending, monitoring for money mismanagement or fraud. Some organize financial budgets. High earners, they often make more than $100,000 per year.

Skills

Principals-in-charge are master accountants with a strong knowledge of math and finances. They are motivated, focused and exhibit excellent communication skills. They must thoroughly understand computers and accounting software needed for the job.

Qualifications

Most principals-in-charge have a bachelor's degree in accounting. Other qualifying areas of study include mathematics, economics and business administration. Some earn a master's degree and display years of experience as an accountant.

References

• Principal-in-Charge Job Description