Audit and Regulatory Due Diligence Advisor (Private Equity Acquisition)

ReachX; United Kingdom; Remote; GBP 80,000 - 100,000; Full time

Job summary

ReachX is seeking an Audit and Regulatory Due Diligence Advisor to support a private equity firm in assessing audit and compliance risks associated with acquisitions. The advisor will evaluate potential impacts of investigations and prepare detailed reports, advising on risk mitigation strategies. Ideal candidates are qualified Chartered Accountants with experience in regulatory compliance and due diligence in the financial services sector.

Qualifications

• Significant experience in audit practice and regulatory compliance.
• Deep knowledge of ICAEW regulations and audit licensing.
• Experience in due diligence for private equity or M&A transactions.

Responsibilities

• Evaluate audit and compliance risks for potential acquisitions.
• Prepare comprehensive due diligence reports summarizing findings.
• Advise on mitigation strategies and deal structuring options.

Skills

Analytical skills

Communication skills

Regulatory compliance

Financial analysis

Education

Chartered Accountant

Job description

Audit and Regulatory Due Diligence Advisor (Private Equity Acquisition)

Audit and Regulatory Due Diligence Advisor (Private Equity Acquisition)

1 day ago Be among the first 25 applicants

Audit and Regulatory Due Diligence Advisor (Private Equity Acquisition)

Role Overview

• The ReachX advisor will support a private equity (PE) firm in assessing the audit and compliance risks associated with a potential acquisition.
• The advisor’s core responsibility is to evaluate the plausibility and potential impact of an ICAEW investigation on an alleged audit breach, including the likelihood of licence removal and the adequacy of provisions made in the target’s accounts.

Key Responsibilities

• Review all available reports and documentation relating to the ICAEW investigation, including the claim, correspondence, and the target’s internal assessments and provisions.
• Conduct Q&A sessions with the target’s management and relevant personnel to clarify facts, timelines, and the basis for provisions and risk assessments.
• Analyse the target’s compliance with audit and ethics regulations, referencing ICAEW audit standards, ethical rules, and relevant Financial Reporting Council (FRC) guidance.
• Assess the likelihood of the ICAEW removing the target’s audit licence, drawing on regulatory precedent, disciplinary processes, and the specifics of the alleged breach.
• Evaluate the sufficiency and appropriateness of the amounts provided for in the target’s accounts in relation to the ongoing investigation and potential liabilities.
• Prepare a comprehensive due diligence report summarizing findings, key risks, and recommendations, with a particular focus on the risk of licence removal and its impact on the business’s value and ongoing operations.
• Advise the PE firm on mitigation strategies and deal structuring options to address identified risks, including possible warranties, indemnities, or price adjustments.

Essential Skills and Experience

• Qualified Chartered Accountant with significant experience in audit practice, regulatory compliance, and professional ethics.
• Deep knowledge of ICAEW regulations, audit licensing requirements, and the disciplinary process for audit breaches.
• Demonstrated experience in due diligence for private equity or M&A transactions, with a focus on regulated professional services firms.
• Strong analytical skills and the ability to interpret complex regulatory and financial information.
• Excellent communication skills for conducting interviews, presenting findings, and advising senior stakeholders.
• Ability to provide clear, evidence-based opinions on regulatory risk and financial adequacy of provisions.
• Experience liaising with regulatory bodies such as the ICAEW or FRC.
• Background in legal or compliance advisory roles within the audit or financial services sector.
• Track record of advising on transactions involving regulated entities and/or professional services firms.

Location

• UK/London/Remote

Duration

• Dependent on Advisor availability

Start Date

• Dependent on Advisor availability

Interview Process

• 2 quick stages to learn about the project

Compensation

• Paid on a highly competitive day rate

Please apply today and a member of our team will be in touch

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Contract

Job function

• Job function

  Accounting/Auditing and Finance

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