Opening for Associate/AM in Indian Assurance for Global Consulting firm - Mumbai (BKC)

The duties of the Candidate will include the following :

- Trace procedures from the origin of the transaction through its initial recording to final disposition in the accounts.

- Review accounts receivable for collectability; evaluate the adequacy of provision for loss.

- Trace inventory items observed at the initial count to actual final inventory record.

- Search for unrecorded liabilities by examining unpaid bills, accounts payable, and disbursements subsequent to balance-sheet date.

- Obtain signed inventory and liability certificates from the client.

- Reconcile intercompany payables and receivables.

- Index audit working paper files.

- Review internal control.

- Prepare charts of accounts.

- Check the control over accounts written off.

- Investigate the possibility of unrecorded revenues.

- Classify accounts for financial statement presentation.

- Supervise the observation of a large inventory count.

- Determine whether inventory items are obsolete or slow moving.

- Review the basis of inventory valuation.

- Evaluate the propriety of the depreciation methods and lives used.

- Inspect the securities owned, verify their cost and present values, and review the form in which title is held.

- Determine possible contingent liabilities by corresponding with attorneys, examining minutes, and making inquiries to clients.

- Verify purchases and sales cutoffs.

- Determine the extent of test checking required in an audit and select the period to be tested.

- Write comments for management letters.

- Review entries subsequent to balance-sheet date to determine need for disclosures.

- Obtain and write up other disclosure data such as leases, and differences between tax and accrual reporting.

- Review and update the client's permanent file.

- Draft reports including footnotes.

- Prepare audit programs.

- Supervise and train assistants.

- Prepare routine correspondence to the client for the approval and signature of a partner, manager or assistant manager.

- Prepare budgets.

- Design forms.

- Install accounting systems.

The Candidate will perform and direct the broadest range of auditing tasks so that the direct participation of assistant managers, managers, senior managers, practice directors or partners is kept to a minimum.

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.