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Audit Methodology Senior Manager/ Director

Employer
Warner Scott Recruitment
Location
London, United Kingdom
Salary
GBP80000 - GBP120000 per annum
Closing date
Jul 19, 2024

View more

Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
The Audit Methodology Senior Manager/Director plays a crucial role in the execution of audit engagements across the firm. This role involves developing and updating the firm's audit methodology, responding to audit-related technical queries, and creating and delivering audit-related training and guidance materials. Additionally, this position includes reviewing selected audit reports.

This role demands high technical proficiency in audit practices and a strong commitment to quality in audit engagements. The successful candidate must be a collaborative team player, capable of working effectively within the department and across the firm. They must also be able to build and maintain the confidence of senior partners, staff, the firm's network, and external regulatory bodies.

Key Responsibilities:

Audit Methodology Development:

.Update and enhance the firm's audit methodology in line with new standards, regulations, and regulatory findings.
.Ensure consistency and accuracy in the methodology within the electronic working paper system and external templates.
.Identify and implement improvements to the audit methodology and supporting templates.
.Review divisional audit templates to align with firm standards and guidelines.
.Integrate digital audit advancements, including data analytics, into the audit methodology.
Regulatory Monitoring:

.Stay updated on audit regulatory changes, assess impacts, and report recommended changes to relevant compliance partners and committees.
.Develop and distribute technical papers detailing changes in standards and regulations.
Training and Guidance:

.Develop and maintain the firm's audit manuals, including sector-specific manuals.
.Create and deliver audit methodology training, including inductions, annual updates, and changes in ISAs/methodology.
.Review divisional training materials for consistency with firm standards.

Technical Support and Advice:

.Provide technical support on audit methodology to partners and staff.
.Oversee seconded staff working on audit methodology projects and review their work.
.Participate in relevant meetings and regulatory events.

Report Review:

.Review audit reports for 'in-scope' entities before issuance.
.Assess proposed modified audit reports of all entities before issuance.
.Research and respond to technical queries related to audit methodology.
Other Responsibilities:

Qualifications:

.Professional accountancy qualification (e.g., ICAEW, ACCA, or equivalent) with a minimum of 3 years (Senior Manager) / 5 years (Director) post-qualification experience.
Technical Skills:

.Deep understanding of UK auditing requirements, including legislation, ISAs (UK), the FRC's Revised Ethical Standard, and UK GAAP/IFRS.
Proficiency in Microsoft Office applications (Excel, Word, PowerPoint, and SharePoint).
Experience:
.Proven experience in audit practice or a similar audit methodology role.
Experience developing and delivering audit methodology and related training.
Ability to work both autonomously and as part of a team.
Competencies:
.Capability to interpret and apply audit regulations and standards practically.
Strong problem-solving skills, capable of handling complex issues and drawing clear, evidence-based conclusions.
.Excellent verbal and written communication skills.
.Strong organizational and presentational skills.

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