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ASU - FAAS - Financial&AccountingAdv
Assurance s purpose is to inspire confidence and trust to enable a complex world to work. we'do so by protecting and serving the public interest, promoting transparency, supporting investor confidence and economic growth and nurturing talent to provide future business leaders . We help clients by
1) Ensuring their accounts comply with the requisite audit standards
2) Providing a robust and clear perspective to audit committees and
3) Providing critical information for stakeholders.
Our Service Offerings include External Audit, Financial Accounting Advisory Services (FAAS) , IFRS & US GAAP conversion , IPO and other public offering, Corporate Treasury - IFRS 9 accounting & implementation support etc
Your key responsibilities
- The opportunity we're looking for an individual who is competent enough to provide advisory services including Accounting and regulatory support for accounting change and special matters; accounting processes and controls (remediation, long-term contract accounting and cost accounting); GAAP Conversion and implementation; IPO and other public offering assistance and transaction accounting and financial reporting assistance (purchase price allocation). Your key responsibilities
- Manage quality of service delivery
- Execute the following FAAS solutions using Global service delivery framework o Financial Accounting and Reporting Excellence o Accounting Processes o Regulation, Governance and Financing o Remediation and readiness
- Ensure quality in delivering client service by directing daily progress of fieldwork, informing Supervisors of engagement status
- Follow through on client requests in a timely fashion, and manage expectations regarding the timing of deliverables and reports
- Identify engagement and client service issues. Research and benchmark client data to industry data.
- Explain the clients critical success factors to the engagement team.
- Benchmark client data to industry data in order to make possible recommendations for improvements
- Apply independent and objective professional judgment in applying accounting standards to meet
- engagement expectations, including regulatory requirements.
- Demonstrate a good understanding of accounting concepts; stay informed of professional standards and firm policies (eg, guidelines of the EY FAAS Policy Manual); and effectively apply this knowledge to moderately difficult and/or complex client situations
- Receive direction from the Manager, Senior Manager and Partner Skills and attributes for success
- Good understanding of IFRS/US/UK GAAP and International auditing standards.
- Good understanding of Indian accounting and auditing standards.
- Strong written and verbal communication, presentation and technical writing skills
- Ability and comfort level in researching client inquires and emerging issues, including regulations, industry practices and new technologies
- Flexibility and willingness to travel on short notice, as necessary
- Working experience in relation to the following services/solutions (atleast three)
- GAAP conversions and implementation of new accounting standards
- Drafting and designing accounting policies
- Technical accounting research and advice
- Consolidation and Compilation support
- Financial statement close process support
- Transaction accounting and reporting - IPO s , Carve Outs , PPA etc
- Remediation and readiness Benchmarking services and market analysis
Qualification