Overview
Primary purpose of the role Advise, consult, assist and support partners, managers, audit staff, and other BDO departments on requirements and practical applications of accounting standards.
Principle outcomes:
- Technical audit consultations
- Qualified audit staff training
- Communications regarding changes to methodology, tool, standards and procedures
- Audit efficiency via templates
- Efficiency Projects
Job Description
- Provide advice to partners, managers, audit staff and other BDO departments on requirements and practical application of accounting standards.
- Consult with BDO Global when deemed necessary.
- Provide answers to accounting issues raised on the technical help desk.
- Advise clients on impact of new standards and amendments and advise on practical implementation.
- Provide written formal opinions when requested.
- Assist partners in replying to IRBA queries regarding accounting standards.
- Assist clients in replying to questions arising from JSE pro-active monitoring.
- Provide first-line support on practical application of Companies Act in so far as it affects financial reporting.
- Assist in preparing briefs for attorneys on legal matters arising on audits.
- Participate in BDO Global IFRS Working Group and sub-groups.
- Provide input to BDO Global on comments on exposure drafts, proposed amendments to standards, technical interpretations.
- Monitor annual reports of non-BDO listed clients to compare to BDO reports and ideas for wordings and explanations for inclusion in annual reports.
- Review annual reports when requested for compliance with accounting standards, JSE Listing Requirements and King Code Committee codes.
- Review working papers and agreements relating to areas of compulsory consultation.
- IAS 36 Impairment of Assets
- IFRS 13 Fair Value measurement
- IFRS 2 Share-Based