Assistant Manager/Manager - Statutory Audit

Assistant Manager/Manager - Statutory Audit

BANK AUDIT / NBFC AUDIT MUST

Ind AS

- Apply knowledge of Ind AS in financial statement audits, including areas like revenue recognition, financial instruments, business combinations, leases, impairment, and employee benefits.

Consolidation:

- Evaluate consolidation workings of group entities, including adjustments for subsidiaries, associates, and joint ventures.

- Preparation of complicated consolidation as per Ind AS and schedule III

- Assist in group audit reporting (as per Revised SA 600), including communication with component auditors.

Group Audits & Coordination:

- Work on group audits, ensuring proper coordination with network firms/component auditors.

- Review reporting packs and consolidation schedules for compliance with Ind AS and Group reporting requirements.

Audit Execution & Supervision:

- Lead statutory audits, limited reviews, and other assurance engagements in accordance with SAs and firm methodology as per SQC 1.

- Handle end-to-end execution of audit assignments including planning, risk assessment, sampling, testing, and documentation.

- Review working papers prepared by junior staff and provide guidance.

- ICFR testing and CARO.

Quality & Compliance:

- Ensure audits are executed in compliance with SAs, SEBI/Limited Review Guidelines, and ICAI/NFRA pronouncements.

- Identify audit issues and prepare well-documented audit findings for discussion with managers/partners.

- Maintain audit quality and meet deadlines under planned schedules.

Client Management & Communication:

- Develop and maintain strong working relationships with client personnel.

- Discuss key audit findings and recommendations with client management.

- Support in preparation of audit deliverables such as management letters, CARO reporting, and audit reports.

Team Development:

- Mentor and train junior staff on Ind AS, consolidation, and audit methodology.

- Assist in internal knowledge-sharing sessions on technical updates.