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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