Audit Associate
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Job summary
As an Audit Associate, you will be a key member of the engagement teams, responsible for examining financial records and ensuring compliance with regulatory standards. You will work closely with senior auditors and clients to uphold financial integrity and provide actionable business insights.
Min Qualification:
Bachelors
Experience Level:
Entry level
Experience Length:
1 year
Job descriptions & requirements
Genius Hub is a recruitment firm that specializes in talent search and placement of highly skilled individuals. We are looking for a highly motivated and knowledgeable individual for our client as Audit Associate.
Job Description
Our client, an audit and accounting firm that provides first-class professional services of audit and assurance, risk management, tax advisory, financial consultancy, payroll management, recruitment services and business advisory is looking for an Audit Associate to undertake all roles related to auditing and accounting at our clients’ premises.
Job summary: As an Audit Associate, you will be a key member of the engagement teams, responsible for examining financial records and ensuring compliance with regulatory standards. You will work closely with senior auditors and clients to uphold financial integrity and provide actionable business insights.
Key Responsibilities
- Participate in audit planning and risk assessment meetings, to define the scope and timeline for specific engagement areas in accordance with relevant IASs.
- Perform substantive testing on account balances (e.g., cash, inventory, accounts payable) and verify third-party evidence by sending confirmations and reviewing bank statements or contracts.
- Prepare clear work papers that detail objectives, risks, testing procedures, and conclusions in accordance with firm methodology.
- Assist in assessing the design and operational effectiveness of a client’s internal controls through walkthroughs and transactions.
- Verify financial statements that comply with relevant auditing standards such as IAS, GAAP, IFRS, or local statutory regulations.
- Manage the end-to-end client acceptance process, including setting up new audit files, forwarding previous year data, and establishing secure collaboration sites for document exchange.
- Lead the processing of third-party audit confirmations for banks, accounts receivable, and legal counsel, tracking responses and performing follow-up procedures.
- Respond to and clear review notes from Senior Associates or Managers, updating work papers to address technical queries or documentation gaps.
- Actively participate in firm-wide training on new auditing standards.
- Provide day-to-day guidance and review of simple tasks performed by audit interns or apprentices.
- Identify process gaps during testing and draft initial findings or recommendations for the Management Letter to help clients improve their internal systems.
Requirements
- Bachelor’s degree in Accounting, Finance, or related field.
- Strong knowledge of GAAP/IFRS and proficiency in Microsoft Excel (PivotTables, VLOOKUPs).
- Professional certifications .e.g. CPA or ACCA level 1 preferred.
- Relevant work experience of 1 year in auditing, accounting or finance.
How to Apply:
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