Audit Senior Associate

Main Duties, Tasks and Responsibilities

Plan, control and monitor the audit engagement process, including preparing and updating the permanent audit file and briefing the engagement team

Determine levels of risk and use them to document the audit plan and design audit programmes for a statutory audit

Evaluate risk in a client's internal control structure and make any necessary changes to the audit programme or plan of work

Coordinate, assist and support the audit team in carrying out statutory audits and other assurance services to clients

Manage team members whilst out on-site effectively to deliver high quality statutory audits to agreed deadlines and budgets and delivering a positive client experience

Allocate work effectively to team members

Carry out performance appraisals of team members at the end of audit assignments

Work closely with partners, supervisors and team members on client management and practice development

Review primary financial statements drafted by team members in compliance with audit functions and accounting standards (e.g. MPERS), regulations and legislation (Companies Act 2016)

Correct primary financial statements for errors and account for or disclose events after the reporting date

Ensure that the policies and procedures of the Firm are fit for the purpose of preparing external financial statements

Evaluate evidence, demonstrate professional skepticism, investigate areas of concern and ensure audit documentation is complete and all significant issues are highlighted to supervisors

Review documentation of audit evidence and evaluate for sufficiency and appropriateness

Identify and resolve all audit issues and ensure that there are no outstanding queries

Discuss the findings and implications of a statutory audit with management and governance teams

Draft written representations and report significant control deficiencies identified during the course of the statutory audit to management and governance teams

Identify and communicate accounting and auditing matters to supervisors and partners

Prepare audit reports in accordance with relevant accounting standards (e.g. MPERS), regulations and legislation (e.g. Companies Act 2016 and Strata Management Act 2013)

Resolve client inquiries and issues relating to audit functions

Keep up to date with current technical matters

Interact with clients to help ensure that the information flow from the client to the audit team is efficient

Ensure compliance with best practices of all audit procedures and standards

Check transactions and supporting documents to verify the accuracy of accounting records

Extract and analyse data from financial records and filing information to prepare draft income tax computations and related supporting documents

Review the computation or assessment of income tax for individuals and single companies

Review and advise on the potential tax risks and/or tax minimisation measures for individuals and single companies

Identify any allowable claims, or the need to appeal an income tax assessment, in a timely way

Know when to refer matters to a supervisor with more specialist income tax knowledge

Communicate professionally with the client and the tax authorities in both routine and specific inquiries

Train, mentor, review and assess performance of Audit and Tax Associates and Audit and Tax Interns

Identify performance improvement opportunities

Improve organisational systems or tools to drive process improvement

Highlight issues at work which cause ineffectiveness or inefficiencies and recommend solutions

Work within supervisor's requirements and give the supervisor regular progress updates

Keep sensitive client information confidential and disclose only to those who need it or when disclosure is legally required

Manage time and tasks effectively to meet business needs and professional commitments

Essential Skills, Attributes, Qualifications and Experience

Recognised Bachelor's Degree in Accounting or equivalent

Professional Accounting qualification such as ACA, CA, ACCA, CPA or equivalent is an advantage and highly desirable

In the absence of a Professional Accounting qualification, incumbents are encouraged to pursue a recognised Professional Accounting qualification as part of professional trainin

Strong technical accounting skills with proficiency with MPERS as well as ISA

2 to 4 years of progressive audit experience

Strong business awareness and an ability to identify audit issues arising from commercial transactions

Strong computer skills including proficiency with various computer applications e.g. Microsoft Office Suite (Microsoft Word, Excel and PowerPoint)

Strong verbal, written, presentation and interpersonal skills

Able to communicate effectively, both orally and in writing

Adapt communication style to meet the needs of the situation and targeted audience

Strong client service and communication skills with a demonstrated ability to develop and maintain outstanding client relationships

Excellent analytical, problem-solving, organisation and project management skills, including effectively dealing with difficult individuals or groups

Build rapport and collaborate effectively with others, creating a positive team environment