Job Title: Audit Quality Assurance Associate

Reports to: Audit Quality Assurance Manager 

Job Location: Ahmedabad

Joining: Immediate

Qualifications: CA, CPA, ACCA, or equivalent qualification 

Experience: 3-5 yrs post qualification

salary: 60 K p.m.

Key Responsibilities: 

1. Financial Statement Review: Assist in reviewing client financial statements to ensure compliance with applicable accounting and auditing standards. Identify discrepancies, errors, and areas of improvement in audit documentation. 
2. Audit Quality & Compliance: Ensure adherence to firm-wide audit policies, procedures, and quality standards. Assist in implementing updates to audit methodologies and best practices. 
3. Training & Development Support: Help in developing training materials and conducting audit-related training sessions. Provide guidance to audit teams on technical issues and industry standards 
4. Standards Implementation: Stay updated with IFRS, ISA, and other regulatory changes. Support the rollout of new quality control procedures across the firm. 
5. Process Improvement: Identify gaps in the audit process and suggest improvements. Collaborate with audit teams to enhance efficiency and documentation quality. 

Required Qualifications & Skills: 

✔ Education: CA, CPA, ACCA, or equivalent qualification 

✔ Experience: 2–5 years of experience in external audit, financial reporting, or audit quality review. Experience with Big 4 or mid-tier audit firms is a plus. 

✔ Technical Skills: Strong understanding of IFRS and ISA. 

✔ Soft Skills: Attention to detail and strong analytical skills. Excellent communication skills for interacting with engagement teams

Qualifications and Skills

• Compliance Auditing, Quality Auditing, Statutory Audits (Mandatory skill).
• Proficiency in International Financial Reporting Standards (IFRS) to ensure accurate and consistent financial reporting globally.
• Solid understanding of Generally Accepted Accounting Principles (GAAP) for maintaining standard financial practices.
• Experience in Risk Assessment Techniques to identify, evaluate, and mitigate potential financial risks within the organization.
• Ability to perform Data Analytics for Auditing to enhance audit quality and provide insightful data-driven conclusions.
• Experience with Internal Audits to evaluate and improve the effectiveness of control processes and governance.
• Strong analytical skills with the capability to process complex information and draw insights to support decision-making.
• Excellent communication skills to effectively present findings and provide recommendations to stakeholders.

Roles and Responsibilities

• Conduct thorough quality assurance reviews of audit procedures to ensure compliance with established standards.
• Collaborate with audit teams to implement standardized auditing procedures and enhance process efficiency.
• Evaluate and improve internal control systems to ensure robust governance and risk management frameworks.
• Conduct gap analysis and identify areas for improvement in audit processes and reporting practices.
• Deliver clear, actionable audit reports with recommendations to senior management and stakeholders.
• Stay updated with the latest developments in auditing standards and regulatory requirements.
• Foster a culture of continuous improvement and learning within the audit team.
• Coordinate with different departments to facilitate the implementation of audit recommendations.