Assurance Role - Statutory Audit

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.