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Audit Associate

Accounting | New York, NY | Full Time

Job Description

Job Description

EDIT

 We have a number of audit associate and Audit senior roles around the country. They will provide relocation for the right candidates.  





The Audit Associate will be responsible for preparing financial statements with disclosures, applying basic areas of GAAP as necessary and documenting, validating, testing and assessing various control systems. This position may also be involved in reviews and agreed-upon procedure engagements. External Job Description - Essential Duties/Functions

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:
- Identifying and considering all applicable policies, laws, rules, and regulations of the firm, regulators, or other authoritative bodies as part of engagement team;
- Making constructive suggestions to improve client internal controls and accounting procedures;
- Documenting and validating the operating effectiveness of the clients’ internal control system.

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:
- Providing support of conclusions with authoritative literature;
- Drafting basic sets of financial statements with disclosures;
- Researching intermediate areas of accounting and forming an initial opinion on the correct treatment independently;

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:
- Developing and applying an intermediate knowledge of auditing theory, a sense of audit skepticism, and the use of audit manuals;
- Applying auditing theory to various client situations;
- Documenting in line with policy, identifying deviations and notifying more senior team members in order to obtain appropriate approvals;
- Applying knowledge to identify instances where testing may be reduced or expanded and notifying more senior team members of the occurrence ;
- Contributing ideas/opinions to the engagement teams;

Methodology
Applies knowledge and application of standards to guide effective and efficient delivery of quality services and products by:
- Completing all appropriate documentation of work papers;
- Ensuring assigned work is performed in accordance with methodology and requirements

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:
-  Researching basic and intermediate accounting topics and forming an initial opinion on the treatment independently.

 

Other duties as required
External Job Description - Qualifications
Education:
- Bachelors degree in Accounting or equivalent required
- Masters in Accountancy or equivalent preferred

Experience:
- One (1) to two (2) years prior experience in public or private accounting firm
- Accounting based internship beneficial

License/Certifications:
- CPA preferred
-  Actively pursuing completion of CPA licensing required

 

Software:
- Proficiency in Microsoft Office Suite, specifically Word, Excel and PowerPoint
-  Prior experience with various assurance applications and research tools beneficial

 

Other Knowledge, Skills & Abilities:
- Basic understanding and experience planning and coordinating the stages to perform an audit of a basic public and/or private company
- Knowledge of internal accounting controls and professional standards and regulations (GAAP, GAAS, Sarbanes-Oxley, etc).
- Strong verbal and written communication skills with the ability to adapt style and messaging to effectively communicate with professionals at all levels both within the client organization and the firm
- Ability to successfully multi-task while working independently and within a group environment
- Solid analytical and diagnostic skills and ability to break down complex issues and implementing appropriate resolutions
- Capable of working in a demanding, deadline driven environment with a focus on details and accuracy
-  Solid project management skills