Audit Associate

Dear All,

IRIS KPO Resourcing

Job Location:

• Work From Home

Shift Timings:

• 2:00 PM to 11:00 PM

Key Responsibilities:

As an associate / senior Associate in the audit department, you will play a crucial role in delivering high-quality audit services to a diverse portfolio of clients within the United Kingdom. You will work closely with audit managers and partners of UK accountancy practice to plan and execute audit engagements, ensuring compliance with professional standards, regulations, and firm policies. The position requires strong technical and analytical skills, attention to detail, and the ability to work effectively within a team environment.

• Conduct audits of financial statements, operational processes, and compliance programs, ensuring accuracy, integrity, and adherence to applicable standards
• Review and audit the financial statements of UK-based enterprises to ensure adherence to legal accounting requirements (UK GAAP or IFRS)
• Participate in statutory audit work preparation with good understanding of all the phases (planning, execution and closure)
• Perform end to end audit function for entities across sectors, including small and medium companies

Experience & Qualifications:

• Participate in planning, organizing, and executing audit engagements for various clients, including conducting risk assessments, developing audit programs, and testing controls
• Perform substantive testing and analytical procedures to evaluate the accuracy and completeness of financial statements, ensuring compliance with auditing standards and relevant regulations
• Document audit procedures performed, findings, and conclusions in a clear and concise manner
• Identify control deficiencies and provide recommendations for improving clients' internal control systems and financial processes
• Collaborate with client personnel to gather necessary information and resolve audit-related queries or issues
• Strong application of data analytics in audit framework
• Work closely with audit team members, including associates and interns, providing guidance, reviewing their work, and offering constructive feedback
• Assist in the preparation of financial statements and related disclosures in accordance with applicable accounting standards (IFRS, UK GAAP, FRS)
• Stay up-to-date with changes in auditing standards, accounting regulations, and industry developments, and apply the knowledge to audit engagements
• Contribute to the development and enhancement of audit methodologies, tools, and templates
• Maintain effective communication with clients, building and maintaining professional relationships

Desired Competencies & Software expertise:

• 2-5 years of experience in end-to-end audit for UK clients
• Proficiency in audit software (CaseWare, Wolters Kluwer CCH Audit, MyWorkPapers, Inflo, Thomson Reuters etc.,)
• Experience in using accounting applications (IRIS, Sage, Xero etc.,)
• Knowledge in MS Office Suite
• In-depth knowledge of auditing standards, financial reporting frameworks (IFRS, FRS, UK GAAP) and relevant regulations (e.g., Companies Act)

Working knowledge of HAT and Mercia methodology

IRIS KPO Resourcing

Interested candidates can apply now!