Associate-Statutory Audit, USGAAP

Control Environment

• Applies knowledge and understanding of the collective effect of various factors on establishing or enhancing effectiveness, or mitigating the risks, of specific policies and procedures by:
• Applies knowledge of transactional flow and key transactional cycles to complete audit work; Documents, validates and assesses the design and operating effectiveness of the clients’ internal control system; Identifies and communicates suggested improvements to client internal controls and accounting procedures in an effort to reduces risk within the client organization; Supervise and reviews the work of audit staff  

   

  GAAP
• Applies knowledge and understanding of governing principles; applying these principles to client transactions; and documenting and communicating an understanding and application of these principles by:
• Communicating financial statement disclosure requirements to clients; Drafting complex sets of financial statements with disclosures; Recognizing and applying new pronouncements to client situations; Identifying, analyzing and discussing alternative generally accepted accounting principles with the Manager, Senior Manager and engagement partner and the client, as needed; Identifying complex accounting issues and brings them to the attention of superiors for resolution; Coaching less experienced team members in new areas  

   

  SEC and PCAOB
• Applies knowledge and understanding of SEC regulations and PCAOB guidelines, and documents and communicates the application of these principles by:
• Reading and reviewing clients’ SEC filings, ensuring accuracy and completeness, and also ensuring that all financial information is documented in the workpapers and through appropriate testing; Preparing required communications to the Client and the Audit Committee; Planning and executing Section 404 internal control audits including obtaining an understanding of the control environment, designing test plans, evaluating deficiencies and assessing the overall financial reporting control environment.  

   

  GAAS
• Applies knowledge and understanding of professional standards; application of the principles contained in professional standards; and the ability to document and communicate an understanding and application of professional standards on an engagement by:
• Formulating and communicating the audit plan; Applying GAAS to a variety of complex issues and consults others as appropriate; Employing audit skepticism and determining when to reduce or expand testing; Utilizing BDO audit manuals as appropriate for the situation; Documenting deviations from BDO policy, with approval.  

   

  Methodology
  • Applies knowledge and application of BDO standards to guide effective and efficient delivery of quality services and products by:
  Coordinating the day-to-day conduct of the audit plan by ensuring the field work is executed and completed as planned, in accordance with timetable, with Firm’s policies and procedures and within budget; Applying BDO audit approach and methodologies, including tools and technology, to execute the audit; Identifying and proposing outcomes to critical issues.  

   

  Research
  • Applies methodology used to seek or maintain information from authoritative sources and to draw conclusions regarding a target issue based on the information by:
  Utilizing of internal and external research tools and selecting methodology for routine research requests; Researching complex areas of accounting, forming an initial opinion on the correct treatment independently and considering and documenting the impact on the client and audit engagement; Documenting and organizing complicated findings in a usable format, based on information obtained from Accounting Research Manager, BDO Assurance Manual, Yahoo Finance, etc.; Assisting the engagement manager with gathering appropriate information about the business and information system, including the accounting system, to form an adequate basis for the preparation of the audit strategy; Developing the draft Audit Engagement Planning Memorandum, audit programs and budgets; Collaborating with the engagement manager to establish the responsibilities of individual audit staff for specific areas of audit work  

   

  Supervisory Responsibilities:
  • Provides verbal and written performance feedback to Audit Associates
  • Supervises the work assignments of Audit Associates within assigned engagement team
    
  • Other duties as required

   

  Qualifications, Knowledge, Skills and Abilities  
  Education:
  • Bachelors degree in Accounting or equivalent required
  • Masters degree in Accountancy preferred
  • CA/ Semi Qualified CA/ ACCA/ Semi Qualified ACCA
    
  License/Certifications:
  • CPA preferred
  • Actively pursuing completion of CPA licensing required
    
  Software:
  • Proficiency in Microsoft Office Suite, specifically Word, Excel and PowerPoint
  • Prior experience with various assurance applications and research tools beneficial
    
  Language:
  • N/A
    
  Other Knowledge, Skills & Abilities:
  • Solid understanding and experience planning and coordinating the stages to perform an audit of a basic public and/or private company
  • Knowledge of internal accounting controls and professional standards and regulations (GAAP, GAAS, Sarbanes-Oxley, etc).
  • Strong verbal and written communication skills with the ability to adapt style and messaging to effectively communicate with professionals at all levels both within the client organization and the firm
  • Ability to successfully multi-task while working independently and within a group environment
  • Superior analytical and diagnostic skills and ability to break down complex issues and implementing appropriate resolutions
  • Capable of working in a demanding, deadline driven environment with a focus on details and accuracy
  • Solid project management skills