Senior Auditor ( CPA)

Job Title: Audit Senior 

Job Responsibilities:

Audit Approach:

• Ensure all audits are conducted in line with the Client Audit Manual.
• Apply audit procedures effectively in financial statement assertions, audit risk model, materiality, business environment assessment, planning, and completion procedures.
• Stay updated with changes to audit procedures and apply new procedures as needed.
• Demonstrate a comprehensive understanding of all sections of the audit file and the audit requirements of each.

Planning and Programming Work:

• Identify audit and engagement risks, determining appropriate audit strategy in conjunction with the audit partner or manager.
• Plan audit assignments, including agreeing timetables with clients, scheduling staff, reviewing past files, and liaising with the client for additional areas to address.
• Program fieldwork, including liaison with the client on timing, preparing audit planning documentation, and ensuring low-risk areas are not over-audited.

Control and Supervision of Work:

• Ensure staff understand the audit process, individual roles, reporting structures, and deadlines.
• Allocate work to staff in line with the audit plan, providing clear instructions and on-the-job training as necessary.
• Monitor work completion to meet time and budgetary constraints, keeping the manager or partner informed of any variances.
• Ensure work papers are prepared in line with firm standards.

Completion Procedures:

• Review work papers for compliance with the audit plan and audit procedures.
• Consolidate management letter points and draft the management letter.
• Finalize the audit file for manager review, ensuring work papers are complete and all necessary confirmations received.
• Participate effectively in exit meetings with clients and provide feedback to staff on their performance.
• Assist in finalizing job billing and explain any cost overruns.

Client Liaison:

• Maintain a high standard of professional appearance and approach in dealing with clients.
• Demonstrate superior communication skills, both written and oral.
• Develop a thorough understanding of the clients business and identify areas where value can be added.
• Build trust and confidence with clients through proactive liaison and prompt issue resolution.
• Keep the manager and partner informed of any issues impacting client relationships.

Professional and Technical Skills:

• Display good knowledge and understanding of Australian reporting requirements and apply these standards practically.
• Use appropriate analytical techniques in completing audits and accurately prepare financial reports.
• Demonstrate solid knowledge of income tax for corporations and have a working knowledge of income tax for individuals and other entities.
• Stay updated on technical issues such as changes to legislation and reporting requirements.

Report Writing:

• Provide constructive feedback and advice to clients through concise business reports and management letters.
• Ensure all correspondence is professional and sensitive to the recipients attitude, avoiding implied criticism.
• Adhere to legal and professional requirements when providing written advice or opinions.

Marketing:

• Be aware of all services the firm can supply and the responsible partners.
• Promote the services of the firm to clients through proactive client liaison.

Computer Skills:

• Demonstrate a good working knowledge of Word, Excel, CaseWare, and Solution 6.
• Ensure proper training in all products used and efficient use of these products.

Other General Areas:

• Adhere to client typing policy, file naming conventions, and other audit requirements.
• Maintain comprehensive daily records of time spent and submit fully and accurately completed timesheets.
• Participate effectively in all meetings, completing assigned action points by set deadlines.
• Actively participate in the firms training programs, demonstrating the skills taught on the job.
• Develop good relations with other staff in the division and participate effectively as part of the team.

Qualifications:

• Minimum of 5 years of audit experience in a similar role.
• CA qualified or equivalent (i.e., ACCA, CPA).
• Ability to work autonomously with high levels of organization and attention to detail.
• Demonstrate initiative and sound judgment to ensure the smooth running of the audit.
• Excellent written and verbal communication skills.
• Ability to build relationships internally and with clients.
• In-depth understanding of auditing and control practices.
• Experience in managing and reviewing the work of a small engagement team.
• Working knowledge and application of International Financial Reporting Standards (IFRS) and other applicable legislation.
• Demonstrate a good working knowledge of Word, Excel, CaseWare, and Solution 6.