Senior Associate - Audit - BFSI - CA

Qualified Chartered Accountant with 4 to 6 yrs experience in Top 10 firm (Deloitte, PwC, EY, KPMG, BDO etc).

Job Purpose:

The Audit Associate will be responsible for supporting audit engagements from planning through completion. The role involves performing audit procedures, preparing working papers, analysing financial information, identifying audit issues and ensuring compliance with applicable accounting and auditing standards.

The position will provide an opportunity to work closely with senior audit professionals and international clients.

Key Responsibilities:

Audit & Assurance:

• Assist in planning and execution of audit assignments for domestic and international clients.
• Perform audit procedures in accordance with the audit plan, applicable standards and firm methodology.
• Obtain and examine financial records, supporting documents and other relevant information.
• Perform substantive testing, analytical procedures and test of controls.
• Verify assets, liabilities, income, expenses and other financial statement items.
• Review bank reconciliations, accounts receivable, accounts payable, fixed assets, inventory and other balance sheet schedules.
• Perform vouching and verification of transactions and supporting documentation.
• Assist in revenue, expense and payroll testing.
• Participate in physical verification of inventory and fixed assets, wherever required.
• Identify unusual transactions, discrepancies and potential audit issues and report them to seniors.
• Ensure audit evidence is properly documented and maintained in working papers.

Financial Reporting & Accounting:

• Assist in reviewing financial statements and supporting schedules.
• Understand and apply applicable accounting standards such as Ind AS, IFRS, US GAAP or other relevant GAAP, depending on the client.
• Perform financial statement tie-outs and cross-referencing.
• Assist in preparation and review of audit schedules and reconciliations.
• Analyse financial data and investigate significant fluctuations and variances.
• Support preparation of audit adjustments and management recommendations.

Audit Documentation:

• Prepare clear, complete and properly referenced audit working papers.
• Maintain audit files and ensure documentation complies with internal quality standards.
• Ensure all audit procedures are completed and properly evidenced.
• Follow up on pending audit information and documentation from clients.
• Assist seniors and managers in resolving review points.

Client Coordination:

• Communicate with clients to obtain financial information, schedules and supporting documents.
• Follow up with client finance teams for pending audit requirements.
• Develop a professional relationship with client personnel.
• Participate in client meetings and discussions as required.
• Communicate audit findings and information requests professionally and clearly.

International Client Exposure:

• Work on audit and accounting assignments for international clients.
• Gain exposure to international accounting and auditing standards.
• Coordinate with overseas client teams through email, video calls and other communication platforms.
• Work according to international reporting timelines and quality requirements.
• Be comfortable working with different time zones when required.