Audit Associate

Roles and responsibilities

Participate in the planning, execution, and completion of audit engagements
Develop an understanding of the audit client's business
Participate in all phases of a financial statement audit and perform substantive tests and tests of internal controls to identify and resolve accounting or reporting
Ensure that all audit work is completed by professional standards
Working closely with the engagement manager and senior associates, and involved in engagements from initial planning through to the execution and completion phases of the audits
Clearly and accurately document the execution of specific audit procedures as defined by the engagement objectives, audit client's engagement history, and planned audit approach
Recognize potential audit issues or unusual relationships from basic analysis of the financial statements and communicate them to the assurance team
Drafting financial statements under prescribed formats
Financial Statement Review: Assisting in the examination of financial statements to ensure accuracy and compliance with accounting standards and regulations.

Audit Planning: Participating in the planning phase of audits by understanding client operations, identifying key risks, and developing audit strategies.

Data Analysis: Analyzing financial data and transactions to identify trends, anomalies, and areas for further investigation.

Testing Controls: Conducting tests of internal controls to assess their effectiveness and reliability in mitigating risks.

Documentation: Preparing detailed documentation of audit procedures, findings, and conclusions to support audit opinions.

Client Interaction: Communicating with clients to gather necessary information, clarify issues, and provide updates on audit progress.

Regulatory Compliance: Ensuring compliance with relevant laws and regulations, including GAAP and IFRS.

Report Preparation: Assisting in the preparation of audit reports that summarize findings and recommendations for clients or management.

Continuous Improvement: Providing feedback on audit processes and suggesting improvements to enhance efficiency and effectiveness.

Professional Development: Staying updated on changes in accounting standards, regulations, and industry practices to improve audit quality.

Desired candidate profile

A bachelor's degree in accounting, Finance, or a related field
A minimum of 1 to 2 years of work experience in a public accounting, or

equivalent service organization

Familiarity with internationally recognized basis of accounting such as IFRS

US GAAP, and IASs

Excellent verbal and written communication skills in English
Strong research and analytical skills
Strong working knowledge of Microsoft Office applications, including Word,

Excel and PowerPoint

Strong interpersonal and time management skills
Self-motivating and taking responsibility for personal growth and development
Accounting Knowledge: Strong understanding of accounting principles, practices, and regulations (e.g., GAAP, IFRS).

Analytical Skills: Excellent analytical and critical thinking skills to interpret financial data and identify discrepancies.

Attention to Detail: High attention to detail to ensure accuracy in audit procedures and documentation.

Communication Skills: Strong verbal and written communication skills for interacting with clients and team members.

Technical Proficiency: Familiarity with audit software and tools, as well as proficiency in Microsoft Excel and other data analysis tools.

Experience:

Educational Background: A bachelor’s degree in accounting, finance, or a related field is typically required.

Personal Attributes:
Integrity: High ethical standards and integrity when handling sensitive financial information.

Team Player: Ability to work collaboratively within a team environment and contribute to team goals.

Adaptability: Flexibility to adapt to changing audit environments and project requirements