Statutory Auditor - Indian Assurance - CA Fresher - Mumbai

Qualification Bachelor' of Commerce and CA, CPA, CS or pursuing ACCA

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.

Skills and Competencies

Technical Skills CA, CPA or pursuing ACCA. No experience required.

Preferred:

Knowledge of financial statements and the ability to distinguish between material and immaterial items.

Knowledge of generally accepted accounting principles (GAAP) / IND AS accounting standards and knowledge of review, compilation, and auditing standards.

Behavioral Skills:

- Ability to effectively delegate, supervise, and review work of less experienced staff.

- Strong attention to detail.

- Ability to handle sensitive information and maintain confidentiality. Ability to work independently, multitask, and prioritize work to meet deadlines.

- General Skills Excel, PPT, Word, and use of audit software and new technology.

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