Audit Senior Job in Raleigh 27713, North Carolina US
Control Environment
Applies knowledge and understanding of the collective effect of various factors on establishing or enhancing effectiveness, or mitigating the risks, of specific policies and procedures by:
- Applies knowledge of transactional flow and key transactional cycles to complete audit work;
- Documents, validates and assesses the design and operating effectiveness of the clients’ internal control system;
- Identifies and communicates suggested improvements to client internal controls and accounting procedures in an effort to reduces risk within the client organization;
- Supervise and reviews the work of audit staff
GAAP
Applies knowledge and understanding of governing principles; applying these principles to client transactions; and documenting and communicating an understanding and application of these principles by:
- Communicating financial statement disclosure requirements to clients;
- Drafting complex sets of financial statements with disclosures;
- Recognizing and applying new pronouncements to client situations;
- Identifying, analyzing and discussing alternative generally accepted accounting principles with the Manager, Senior Manager and engagement partner and the client, as needed;
- Identifying complex accounting issues and brings them to the attention of superiors for resolution;
- Coaching less experienced team members in new areas
SEC and PCAOB
Applies knowledge and understanding of SEC regulations and PCAOB guidelines, and documents and communicates the application of these principles by:
- Reading and reviewing clients’ SEC filings, ensuring accuracy and completeness, and also ensuring that all financial information is documented in the workpapers and through appropriate testing;
- Preparing required communications to the Client and the Audit Committee;
- Planning and executing Section 404 internal control audits including obtaining an understanding of the control environment, designing test plans, evaluating deficiencies and assessing the overall financial reporting control environment.
GAAS
Applies knowledge and understanding of professional standards; application of the principles contained in professional standards; and the ability to document and communicate an understanding and application of professional standards on an engagement by:
- Formulating and communicating the audit plan;
- Applying GAAS to a variety of complex issues and consults others as appropriate;
- Employing audit skepticism and determining when to reduce or expand testing;
- Utilizing BDO audit manuals as appropriate for the situation;
- Documenting deviations from BDO policy, with approval.
Methodology
- Applies knowledge and application of BDO standards to guide effective and efficient delivery of quality services and products by:
- Coordinating the day-to-day conduct of the audit plan by ensuring the field work is executed and completed as planned, in accordance with timetable, with Firm’s policies and procedures and within budget;
- Applying BDO audit approach and methodologies, including tools and technology, to execute the audit;
- Identifying and proposing outcomes to critical issues.
Research
Applies methodology used to seek or maintain information from authoritative sources and to draw conclusions regarding a target issue based on the information by:
- Utilizing of internal and external research tools and selecting methodology for routine research requests;
- Researching complex areas of accounting, forming an initial opinion on the correct treatment independently and considering and documenting the impact on the client and audit engagement;
- Documenting and organizing complicated findings in a usable format, based on information obtained from Accounting Research Manager, BDO Assurance Manual, Yahoo Finance, etc.;
- Assisting the engagement manager with gathering appropriate information about the business and information system, including the accounting system, to form an adequate basis for the preparation of the audit strategy;
- Developing the draft Audit Engagement Planning Memorandum, audit programs and budgets;
- Collaborating with the engagement manager to establish the responsibilities of individual audit staff for specific areas of audit work
Supervisory Responsibilities:
- Provides verbal and written performance feedback to Audit Associates
- Supervises the work assignments of Audit Associates within assigned engagement team
Other duties as required