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 engagements
• 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
• Evaluation 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 supervision (e.g. Companies Act, 2016 and Strata Management Act, 2013)
• Resolve client inquiries and issues relating to auditing 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
• 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 companies
• Manage time and tasks effectively to meet business needs and professional commitments