Opportunity For International Audit and Assurance Team

Knav Business Solutions; Pune District; Hybrid; INR 900,000 - 1,400,000; Full time

Job summary

Knav Business Solutions is seeking an Associate International Assurance and Accounting Advisory to perform audits, reviews, and compilations of financial statements under IFRS, IndAS and local country GAAP. The role includes supervising staff, budgeting, and ensuring audit quality.

The candidate should be proficient in GAAP/IND AS standards and have CA/CPA qualifications or pursuing ACCA, with strong knowledge of accounting principles and audit procedures.

Qualifications

• Qualified CA/CPA or pursuing ACCA.
• Knowledge of GAAP/IND AS and auditing standards.
• Experience with IFRS/IndAS in audits or reviews.

Responsibilities

• Perform audits, reviews, compilations of financial statements under IFRS/IndAS.
• Direct and supervise staff assistants, review work and instruct revisions.
• Prepare audit programs, budgets and client communications.

Skills

Audit

IFRS

IndAS

Staff supervision

Education

CA

CPA

ACCA pursuing

Tools

GAAP

IND AS accounting

Audit standards

Job description

Role & responsibilities

As an Associate International Assurance and Accounting Advisory, the Candidate will perform compilations, reviews, audits and other examinations of financial statements prepared in accordance with IFRS, IndAS and local country GAAP with a minimum of supervision.

The Candidate will direct a number of staff assistants, instruct them in work to be performed, review the work done, and direct necessary revisions. Candidate will set up time budgets on jobs they handle and will direct staff assistants to employ methods that will accomplish audit, review or compilation objectives.

The duties of the Candidate will include the following:

• Trace procedures from the origin of the transaction through its initial recording to final disposition in the accounts.
• Review accounts receivable for collectability; evaluate the adequacy of provision for loss.
• Trace inventory items observed at the initial count to actual final inventory record.
• Search for unrecorded liabilities by examining unpaid bills, accounts payable, and disbursements subsequent to balance-sheet date.
• Obtain signed inventory and liability certificates from the client.
• Reconcile intercompany payables and receivables.
• Index audit working paper files.
• Review internal control.
• Prepare charts of accounts.
• Check the control over accounts written off.
• Investigate the possibility of unrecorded revenues.
• Classify accounts for financial statement presentation.
• Supervise the observation of a large inventory count.
• Determine whether inventory items are obsolete or slow moving.
• Review the basis of inventory valuation.
• Evaluate the propriety of the depreciation methods and lives used.
• Inspect the securities owned, verify their cost and present values, and review the form in which title is held.
• Determine possible contingent liabilities by corresponding with attorneys, examining minutes, and making inquiries to clients.
• Verify purchases and sales cut offs.
• Determine the extent of test checking required in an audit and select the period to be tested.
• Write comments for management letters.
• Review entries subsequent to balance-sheet date to determine need for disclosures.
• Obtain and write up other disclosure data such as leases, and differences between tax and accrual reporting.
• Review and update the clients permanent file.
• Draft reports including footnotes.
• Prepare audit programs.
• Supervise and train assistants.
• Prepare routine correspondence to the client for the approval and signature of a partner, manager or assistant manager.
• Prepare budgets.
• Design forms.
• Install accounting systems. The Candidate will perform and direct the broadest range of auditing tasks so that the direct participation of assistant managers, managers, senior managers, practice directors or partners is kept to a minimum.

Technical Skills

CA, CPA or pursuing ACCA.

Preferred: Knowledge of financial statements and the ability to distinguish between material and immaterial items. Knowledge of generally accepted accounting principles (GAAP) / IND AS accounting standards and knowledge of review, compilation, and auditing standards