Audit Supervisor/Assistant Manager

CHONG, LIM & PARTNERS LLP; Penarth; On-site; GBP 50,000 - 70,000; Full time

Job summary

CHONG, LIM & PARTNERS LLP in the United Kingdom seeks an Audit Supervisor / Assistant Manager to run engagements end-to-end and act as the main link between the engagement partner, the audit team and clients.

You will plan audits, coordinate fieldwork, review papers and financial statements, and coach juniors while ensuring deadlines, budget and regulatory compliance.

Qualifications

• Degree in Accountancy or ISCA qualification recognised by ISCA.
• 4+ years external audit in a public firm (5+ for Assistant Manager).
• Group audit and consolidation experience.
• Proficient in Excel and audit software; supervising remote/offshore teams is an advantage.
• Exposure to corporate tax computations is an advantage.
• Strong written and spoken communication skills.
• Excellent time management and organisation.

Responsibilities

• Plan audits by understanding client business, risk, materiality, and audit approach.
• Coordinate concurrent statutory and special-purpose engagements.
• Perform and supervise fieldwork in high-risk areas such as revenue, inventory, impairment, related parties and going concern.
• Coordinate group audits and instruct component auditors' work where applicable.
• Review working papers for quality and sufficiency of evidence and compliance with standards.
• Prepare and review financial statements under FRS / SFRS(I), including consolidated statements and notes.
• Identify and resolve accounting and auditing issues, escalating significant matters with proposed resolutions.
• Draft management letters and close partner review points within deadlines.
• Guide, coach and develop audit associates and seniors on the job.

Skills

Audit leadership

Time management

Communication skills

Education

Degree in Accountancy

ISCA qualification

Tools

MS Excel

Audit software

Job description

We are looking for an Audit Supervisor / Assistant Manager to run audit engagements end-to-end and serve as the key link between the engagement partner, the audit team and our clients.

KEY RESPONSIBILITIES

Engagement planning and execution

• Plan audits, including understanding the client’s business, assessing risks and materiality, and setting the audit approach and timetable.
• Manage and perform the coordination function across various concurrent statutory audits and special-purpose engagements (e.g. agreed-upon procedures, grant and compliance audits).
• Perform and supervise fieldwork on key and higher-risk areas such as revenue, inventory, impairment, related parties and going concern.
• Coordinate group audits and consolidations, including instructions to and review of component auditors’ work where applicable.

Review and reporting

• Review working papers prepared by team members and offshore support teams for quality, sufficiency of audit evidence and compliance with the Singapore Standards on Auditing and firm methodology.
• Prepare and review financial statements under FRS / SFRS(I), including consolidated financial statements, statements of cash flows and disclosure notes.
• Identify, research and resolve accounting and auditing issues, escalating significant matters to the engagement partner with proposed resolutions.
• Draft management letters and completion memoranda, and clear partner review points within agreed timelines.

Team leadership

• Guide, coach and develop audit associates and seniors on the job, and provide performance feedback.
• Allocate and monitor work, time budgets and deadlines so that engagements are delivered on time and within fee.

Client and practice management

• Serve as the day-to-day contact for client management, managing information requests, expectations and reporting deadlines.
• Review client acceptance and continuance procedures, including independence and AML/CFT checks.
• Support the partner on fee estimates, billing and recovery, and contribute to the firm’s quality management and training initiatives.

JOB REQUIREMENTS

• Degree in Accountancy or a professional qualification recognised by ISCA is an advantage.
• At least 4 years’ external audit experience in a public accounting firm (5 years or more for Assistant Manager).
• Group audit and consolidation experience.
• Sound working knowledge of the Singapore Standards on Auditing, FRS / SFRS(I) and the financial reporting requirements of the Companies Act 1967.
• Able to independently prepare a full set of financial statements with notes.
• Proficient in MS Excel and Word; experience with audit software and with supervising remote or offshore teams is an advantage.
• Exposure to corporate tax computations is an advantage.
• Good written and spoken communication skills
• Strong time management and organisational skills, with the ability to handle multiple engagements during peak periods