Job Description

Job Title: Audit Quality Assurance Associate
Reports to: Audit Quality Assurance Manager
Job Location: Ahmedabad
Joining: Immediate
Qualifications: CA, CPA, ACCA, or equivalent qualification
Experience: 3-5 yrs post qualification
salary: 60 K p.m.
Key Responsibilities:

• Financial Statement Review: Assist in reviewing client financial statements to ensure compliance with applicable accounting and auditing standards. Identify discrepancies, errors, and areas of improvement in audit documentation.
• Audit Quality & Compliance: Ensure adherence to firm-wide audit policies, procedures, and quality standards. Assist in implementing updates to audit methodologies and best practices.
• Training & Development Support: Help in developing training materials and conducting audit-related training sessions. Provide guidance to audit teams on technical issues and industry standards
• Standards Implementation: Stay updated with IFRS, ISA, and other regulatory changes. Support the rollout of new quality control procedures across the firm.
• Process Improvement: Identify gaps in the audit process and suggest improvements. Collaborate with audit teams to enhance efficiency and documentation quality.

Required Qualifications & Skills:
Education: CA, CPA, ACCA, or equivalent qualification
Experience: 25 years of experience in external audit, financial reporting, or audit quality review. Experience with Big 4 or mid-tier audit firms is a plus.
Technical Skills: Strong understanding of IFRS and ISA.
Soft Skills: Attention to detail and strong analytical skills. Excellent communication skills for interacting with engagement teams
Qualifications and Skills

• Compliance Auditing, Quality Auditing, Statutory Audits (Mandatory skill).
• Proficiency in International Financial Reporting Standards (IFRS) to ensure accurate and consistent financial reporting globally.
• Solid understanding of Generally Accepted Accounting Principles (GAAP) for maintaining standard financial practices.
• Experience in Risk Assessment Techniques to identify, evaluate, and mitigate potential financial risks within the organization.
• Ability to perform Data Analytics for Auditing to enhance audit quality and provide insightful data-driven conclusions.
• Experience with Internal Audits to evaluate and improve the effectiveness of control processes and governance.
• Strong analytical skills with the capability to process complex information and draw insights to support decision-making.
• Excellent communication skills to effectively present findings and provide recommendations to stakeholders.

Roles and Responsibilities

• Conduct thorough quality assurance reviews of audit procedures to ensure compliance with established standards.
• Collaborate with audit teams to implement standardized auditing procedures and enhance process efficiency.
• Evaluate and improve internal control systems to ensure robust governance and risk management frameworks.
• Conduct gap analysis and identify areas for improvement in audit processes and reporting practices.
• Deliver clear, actionable audit reports with recommendations to senior management and stakeholders.
• Stay updated with the latest developments in auditing standards and regulatory requirements.
• Foster a culture of continuous improvement and learning within the audit team.
• Coordinate with different departments to facilitate the implementation of audit recommendations.