Director – Audit

Description

The role as a Director in Audit & Assurance, will focus on the management and delivery of client engagements. In this role, he/she will develop high- performing people and teams, leading and supporting them to make an impact that matters, and setting the direction to deliver exceptional client service. During his/her tenure as a Director/ Partner in Audit & Assurance, he/she will demonstrate and develop his/her capabilities in the following areas:

• Ability to demonstrate thoughtful execution of audit procedures in accordance with the applicable professional auditing standards and internal requirements, in order to fulfill responsibility to stakeholders, investors, capital markets, and other users of the financial statements

• Tailor audit procedures based on deep understanding of the entity’s business to respond to risks, including risks due to fraud

• Ability to obtain a deep understanding of an entity’s business processes and flows of transactions to identify the relevant audit risks and related controls and perform audit procedures in accordance with relevant auditing standards

• Ability to conduct thorough review of working papers to ensure all necessary work has been appropriately documented and that all audit risks are effectively addressed. Capable of conducting a final review of the audit documentation prior to archiving for compliance with the standards and relevant local professional standards in order to ensure the required quality standards are met and that the file archive is completed on time

• Ability to leverage the Audit platform and other approved innovative technology based solutions for use on audit engagements to transform the delivery of the audit engagement

• Ability to leverage and apply knowledge of applicable accounting and auditing standards relevant to the entity on audit engagements in order to identify and resolve routine accounting and audit issues and inform entity management on a timely basis of any unresolved complex issues, and where relevant report to those charged with governance

• Develop and execute a comprehensive audit project plan to optimize and innovate the timing and delivery of procedures throughout the audit cycle

• Mentor and coaches junior staff on an engagement to ensure they are capable of delivering on assigned tasks in accordance with the Audit Approach and understands their role as leaders to provide junior staff with development opportunities to enhance their skills and experience

• Be responsible for the preparation of audit strategy and business plans, setting budgets and pricing, scheduling audits, selecting staff and assigning workloads, and financial reporting.

• Recognize and communicate opportunities to sell “add-on” work to client and contribute to a positive team attitude.

• Demonstrate ability to plan and manage engagements and people along with ensuring deliverables meet work plan specifications and deadlines.

• Develop and motivate all audit staff and provide them with counseling and career guidance.

• Research technical accounting issues and aid in the identification of business development.

• Manage client accounts including billing, fee analysis, recovery and new services development. Work with other managers to help ensure the proper deployment of the audit staff and assist with the career development of team members

• Review independence risks associated with potential assurance options. Put safeguards in place to address threats prior to acceptance and consults with the Ethics Partner where there is doubt about the acceptability of an engagement

• Leverage engagement team based learning to challenge how the audit plan will optimize audit execution, including use of project management resources, optimization of interim work, use of new innovation tools and resources including Centers of Excellence/Analytics and integration

• Modify the project plan to reflect changes in scope due to issues faced during the audit process with full understanding of the consequential impact on the extended engagement team

• Identify areas of the audit where the most significant judgements have been made and challenges whether documentation demonstrates the application of professional skepticism, without over-relying on prior audit knowledge or management’s representations, and fairly reflects the application of the concepts applied in reaching a conclusion

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