Audit Supervisor

KPMG-SouthAfrica; Durban; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A global audit firm in Durban seeking an Audit Supervisor to lead audit engagements, ensure compliance with standards, and mentor junior staff. The role requires completion of SAICA articles and passing the APC exam to register as a CA(SA). Experience in the consumer market is preferable. Join a collaborative team committed to audit quality.

Qualifications

• Completed SAICA articles.
• Passed APC exam and be eligible to register as a CA(SA).
• Consumer market experience is preferable.

Responsibilities

• Guide, manage, and oversee audit engagements.
• Ensure audit quality and compliance with professional standards.
• Provide training and mentorship to team members.

Skills

Ethics and integrity

Leadership skills

Ability to coach and mentor

Technical audit knowledge

Collaborative culture

Education

Completed SAICA articles

Passed APC exam and eligible to register as CA(SA)

Job description

Overview

Job title / position: Audit Supervisor

Function and Business Unit: KPMG is a global network of firms with three main disciplines, namely Audit, Tax and Advisory. As we pursue our vision of being the most trusted and trustworthy service provider to our external audit clients we are looking to appoint an audit supervisor to join our Durban audit management team consisting of 1 supervisor, 8 audit managers, 2 Associate Directors and 1 Director. The supervisor will be based in the KPMG Durban office. Our clients mostly operate in the consumer market industry with 1 financial services client currently in our portfolio.

Description of the role and purpose of the job: The audit supervisor has the operational responsibility to guide, manage and oversee the planning, staffing and supervision of audit engagements. Provides technical, audit operational, and audit quality leadership with a focus on professional skepticism. Demonstrates a strong tone and culture supporting audit quality through a commitment to maintain objectivity, professional skepticism, ethics and integrity. The audit supervisor has the operational accountability and responsibility to drive audit quality in response to the needs of stakeholders and external regulators. The supervisor will also act as a performance manager and will be responsible for overseeing the professional development of a number of allocated trainees.

Note: This description reflects the current role requirements and expectations for this position.

Skills and attributes required for the role

The successful candidate will be required to demonstrate the following skills and attributes at a junior manager level

Tone & Culture

• Required to comply with the requirements of the Code of Conduct, which defines the minimum standards of ethical conduct that KPMG requires of its personnel

Operational responsibilities

• Model a collaborative culture by building constructive working relationships with specialists and across different team(s) and encourage individuals within the audit team to do the same
• Cascade messaging which prioritizes the responsibility that their team(s) have for audit quality in the performance of engagements or activities within the system of quality management
• Communicate audit quality expectations and accountability to their team(s)

Portfolio Management

• Adhere to the firm's process for audit client acceptance and continuance executing timely completion of the engagement set-up and annual client re-evaluation / continuance procedures
• Monitor client service standards and takes action to improve poor audit quality service
• Actively participate with the audit partner in the optimization and rationalization of our portfolio of clients
• Lead / Manage multiple projects or programs, through the management of a team of professionals and possibly with the contribution of specialists
• Take commercial and contractual responsibility for managing engagement billings, collections and identification of change order opportunities. Facilitate timely identification and analysis of potential change orders, discuss the change order opportunities with clients at interim periods during the year

Resource Management

• Determine during the planning phase that the engagement team has the appropriate proficiencies, resources, tools and capabilities deployed to drive audit quality
• Determine that the work performed by less experienced members of the engagement team is directed, supervised and reviewed by more experienced engagement team members
• Supervise and review the work of the engagement team being suitably involved throughout the engagement
• Develop, coach, mentor and share expertise with team members, providing stretch assignments to advance their capability
• Take action to support the wellbeing of individuals in their team(s)
• Adhere to the firms policies or procedures for staffing and resource allocation, performance management and engagement review evaluation of individuals within their teams(s)
• Take a leading role in developing team members to their full potential promoting collaboration
• Provide technical knowledge, direction and training to engagement team members
• Determines that the audit engagement team undertake the appropriate training and coaching in line with member firm requirements
• Work on professional development to maintain status and accreditation undertaking all mandatory and regulatory training as required by the due date
• Keep up to date with technical developments in audit quality, audit and accounting standards, and comply with latest quality directives

Monitoring and Quality Initiatives

• Determine adequate and timely planning by involving the audit partner. audit director, engagement quality control reviewer, and relevant specialists
• Contribute to the development of the audit strategy, materiality, risk assessment, risk of fraud and planned audit approach, prior to commencing field work
• Propose the most appropriate audit approach and audit workflow to be taken for the engagement
• Adopt new approaches to improve audit quality including new audit methodology and technology tools
• Determine that audit procedures obtain sufficient appropriate cumulative audit evidence to support the audit opinion in accordance with professional standards, applicable legal and regulatory requirements
• Focus on complex, high risk and sensitive technical issues, involving the engagement partner and the engagement quality control reviewer early in discussions and consulting with the Department of Professional Practice as necessary. Document the conclusion reached and the disposition of the consultation in accordance with firm requirements
• Lead and coach team members on the exercise of professional skepticism including robust challenge, consideration of alternatives and disconfirming evidence
• Lead the preparation of the proposed auditor's reports considering the proposed wording to be included in the Key Audit Matters section and the conclusions reached in formulating the auditor's report
• Lead the engagement team's assessment of the significance and disposition of corrected and uncorrected misstatements identified and matters to be communicated to management and those charged with governance
• Participate in consultation on matters involving differences of opinion with the EQCR or other personnel involved in the audit and document the conclusions arising from those consultations in accordance with firm requirements
• Facilitate debrief sessions upon completion of and during projects to identify lessons learned and enhance future quality and commercial planning
• Determine that the engagement files are assembled within an appropriate period of time after the engagement reports have been finalized and the engagement documentation retained is in accordance with firm requirements
• Lead and coach the engagement team in :
• (a) Determining appropriate substantive procedures on significant accounts and risk areas and material non-significant account;
• (b) Coordinating with specialists and assessing the impact of specialists findings on the audit;
• (c) Completing tasks and deliverables to a high quality standard as part of client engagements -working to an agreed plan, budget, and quality;
• (d) Understanding of the importance of the work being completed and how it contributes to the audit overall;
• (e) Identifying and documenting risks, issues and conclusions -consulting with appropriate team members as necessary; and,
• (f) Keeping senior team members informed of significant developments and progress on the engagement

Minimum requirements to apply for the role (including qualifications and experience)

• Completed SAICA articles
• Passed APC exam and be eligible to register as a CA(SA)
• Consumer market, which includes listed company and vehicle dealership experience, will be preferable