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Audit Methodology Senior Manager

Morgan McKinley
London, United Kingdom
£85k - £90k
Closing date
Aug 5, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Top 10 firm with an International client base in London is seeking an Audit Methodology Senior Manager to join it's growing team. This is a role full of variety and gives the job holder the opportunity to grow, share their ideas and build on their existing experience.

The Audit Methodology Senior Manager will perform an important role in relation to the performance of audit engagements across the firm.

The role is responsible for the development and updating of the firm's audit methodology, dealing with audit related technical queries, the development and delivery of audit related training and materials, as well as the review of selected audit reports.

You must have the ability to liaise with and win the confidence of senior partners and staff within the firm, the firm's network, and externally including with the firm's regulatory bodies.

The Role:
  • Reviewing and updating of the firm's audit methodology for developments and changes in the underlying standards, regulations, and regulatory findings.
  • Identifying and implementing general enhancements in the firm's audit methodology.
  • Reviewing divisional specific audit related templates to ensure consistency with the firm's methodology and the underlying standards and guidance.
  • Reviewing all proposed revisions to the firm's audit methodology as a result of developments in digital audit including the use of data analytics and changes in the firm's underlying audit software.
  • Monitoring the audit regulatory framework for any updates, identifying the impact, and reporting the recommended changes or information to the relevant compliance partners, and the firm as a whole.
  • Developing and issuing technical papers explaining the requirements of, including any changes to, the underlying standards and regulations, including the firm's audit methodology.
  • Developing and maintaining the firm's audit manual / audit procedures manual including all audit methodology related sector specific manuals.
  • Preparing and presenting audit methodology related training, including, but not limited to, induction, annual updates, and ISA / methodology changes.
  • Reviewing all divisional specific audit related training materials to ensure consistency with the firm's methodology and the underlying standards and guidance.
  • Developing and issuing audit methodology materials, guidance, and articles.
  • Updating and maintaining the audit methodology related technical content on the firm's intranet (e.g. audit report templates, audit engagement letters, audit related communications etc).
  • Reviewing the audit reports of 'in-scope' audited entities (as established by the firm's policies and procedures) prior to issuance.
  • Reviewing the proposed modified audit reports of all the firm's audited entities prior to issuance.
  • Researching, drafting, and responding to technical queries covering audit methodology related matters, including the firm's electronic working paper system.
  • Providing advice on audit methodology developments and responding to requests by the audit quality team relating to enhancements / changes to the firm's audit methodology.
  • Providing technical support and advice on audit methodology matters, to the firm's partners and staff.
  • Day to day oversight of the short-term secondment staff as assigned directly to work on audit methodology related projects and tasks of the technical and compliance department
  • Performance of the first level review of all work performed by seconded staff, audit quality staff working on behalf of the Audit and other personnel assigned to work on audit methodology related projects and tasks.
  • Liaison with and attendance at relevant mid-tier meetings, network meetings and external regulatory events pertaining to audit methodology related matters.
  • Any other duties appropriate to the grade and level of responsibility of the post, for which the post holder has the necessary experience and/or training.

Person Specification

This is a position that requires a high standard of technical audit proficiency coupled with a capacity to ensure quality is achieved in the firm's audit related engagements. You will be a strong team player able to work effectively within the department and across the firm.

In addition :
  • Professional accountancy qualification (e.g. ICAEW, ACCA or equivalent)
  • Proven technical skills, knowledge and understanding of the UK auditing requirements including legislation, auditing standards (ISAs (UK) the FRC's Revised Ethical Standard and accounting standards (UK GAAP and IFRS).
  • Previous and proven experience of:
  • Working in audit practice and/or in a similar audit methodology position; developing and delivering audit methodology including associated guidance and training materials; and working autonomously and as a member of a team.
  • Recognised and evidenced ability to:
  • Interpret audit regulations and standards and how to apply the requirements in a practical manner
  • Deal with complex, multi-faceted issues and reach clear evidenced based conclusions; and communicate verbally and in writing in a clear and concise manner.
  • Strong organisational (i.e. time and project management) and presentational skills.

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.


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