Audit Senior

About the Company:

The client is a leading firm of chartered accountants, and tax advisers. They have over 100 years of experience, and possess numerous industry experts, demonstrating the key role they play in the industry. They work with many of the most successful businesses and entrepreneurs, helping them facilitate growth and preserve wealth. Their core values are central to everything they do, with the highest standards of technical excellence and professionalism always maintained.

They understand that people are the most key asset and work hard to ensure that all staff are aided throughout their personal development and have a great work life balance. Additionally, there is significant opportunity to progress within the practice, through internal recruitment and clear progression plans. The culture is inclusive and encourages diversity, ensuring all individuals are supported to grow together.

About the Role:

They are looking for a motivated and skilled individual to join the busy and expanding Audit Team as an Audit Senior. The role involves reporting primarily to an audit manager and in some cases the audit partner, with clients being assigned to the audit team. The company works with many of the most exciting and rapidly growing small and medium-sized companies. Subsequently, you will be able to reach the peak of your career through highly stimulating work with high calibre clients.

Benefits:

There are numerous benefits to joining this prestigious firm. This includes joining one of the most vibrant and fast paced workplaces in the industry, in which the client service offering is constantly changing. The salary will be highly competitive, as well offer several benefits, including great training opportunities. Furthermore, you will also have the strong opportunity of future progression with over half of the firm’s partners having trained with the firm. You will also be offered full freedom and a great work-life balance through work from home options, as well as a generous holiday allowance.

Responsibilities:

• Obtain a trial balance from Sage or Xero (or other bookkeeping software) and arrange draft accounts on CCH (or other software as appropriate).
• Revise any notes to the accounts and evaluate that the required disclosures have been made in agreement with the applicable accounting standards.
• Implement an audit risk analysis specific to the client with reference to the client’s activity in the year, the industry in which they operate, regulatory environments if appropriate, and any other issues which may affect audit risk.
• Complete preliminary analytical processes on the draft accounts and identify how we plan to test the various audit assertions. Calculate materiality and use this to calculate sample sizes.
• Guarantee that the planning section of Audit Automation reflects all planning concerns and discussions and is properly signed off.
• Communicate with AH CT department around the collection of information on tax-sensitive categories, and regarding a draft CT provision for the accounts.
• Co-ordinate work within audit team on assignments requiring more than one auditor to carry out the work.
• Carry out audit tests which may include, but is not limited to, physical inspection of assets, evaluation of documents and requesting third party confirmations, and document the evidence in support of conclusions to each audit test.
• Post adjusted journals for any errors identified which are in excess of materiality, or otherwise considered essential to adjust for.
• Guarantee that results and conclusions of audit work are recorded in Audit Automation fieldwork section and is completely signed off.
• List out any unadjusted journals individually during the audit, to be provided to the client once the assignment has come to its end.
• Formulate a list of points for Audit Manager and points for Audit Partner to emphasize key issues to the intended reviewer of the file.
• Formulate a schedule of audit highlights recapping the crucial points for each part of the file.
• Prepare a schedule of points forward to next year for any issues o be brought to our attention in the following year.
• Evaluate the completed accounts and ensure fulfilment with all necessary disclosures as required by accounting standards, including completion of a disclosure checklist where considered required.
• Study accounting or tax issues as and when necessary, and record the research with references.
• Examine current processes and provide suggestions to improve company policies and procedures to be included in a letter to management.
• Prepare a letter to management and letter of representation for each audit.
• Guarantee Audit Automation completion section has been fully finalized and signed off.

Requirements

• Must be either ACCA/ACA qualified or part qualified
• Possess broad and relevant Audit experience.
• Have exceptional verbal and written communication skills.
• Be accessible and have a desire to assist others.