Audit Quality and Technical Specialist– Suit Audit Senior Manager from a top 10 firm

Location
London
Salary
Competitive
Posted
28 Sep 2019
Closes
28 Oct 2019
Ref
CK LN073
Contract Type
Permanent
Hours
Full Time
Travel
0-25% Travel

Our client is responsible for promoting transparency and integrity in business. They  are the UK Competent Authority for audit and set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. They  monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries.

Our client is  responsible for promoting transparency and integrity in business. They  are the UK Competent Authority for audit and set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. They monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries.

AQR monitors the quality of listed and major public interest audits undertaken by the major UK audit firms and is a leading international audit regulator, playing a significant role internationally in the promotion and development of audit regulation. 
 
As a member of the AQR team, successful candidates will be responsible for the technical and quality aspects of the inspection reviews at the Big 4 and other audit firms. AQR work covers both inspections of individual audits and reviews of firm-wide arrangements to support audit quality and meet ethical requirements. AQR also periodically undertakes thematic inspections which focus on particular aspects of audit across a sample of audits and firms.
 
This is an exciting time to work at our client as they respond to the government-led reviews of the audit market, enhance our effectiveness and transition to a stronger regulator.
 
The Role:

The successful candidate will be a member of AQR’s technical and quality team. The role provides a unique insight into how the major firms operate and how they are responding to current issues in the profession and the changes in regulatory requirements. Successful candidates will have the satisfaction of being able to influence the practices and procedures of the major audit firms to enhance quality. They will be given responsibility for significant elements of projects relevant to the regulation of auditors and accountants, including:

  • Providing high quality support and guidance on technical and reporting matters to AQR inspection teams. This can include participating in ongoing discussions with AQR inspection teams and the audit team including senior partners for major audits
  • Overseeing the AQR quality review process  
  • Contributing to the assessment of the work carried out on major audits. This includes the appropriateness of judgements made on key audit and accounting issues and the sufficiency and appropriateness of the audit evidence obtained
  • Collating and analysing findings across the major firms
  • Developing summaries and insights arising and communicating these both within the FRC and externally

The Person:

An accounting qualification coupled with membership of ICAEW, ACCA, ICAS or ICAI (or equivalent) are required. Experience at Audit Senior Manager or above in public practice is essential with experience working in a large UK audit firm preferred.

Prior experience in a technical or quality review role would be advantageous. 

The ideal candidate will have:

  • Excellent knowledge of current auditing and ethical requirements
  • Experience of auditing UK listed companies and/ or other major entities
  • Strong technical auditing and accounting skills (including a good knowledge of IFRS)
  • Excellent analytical skills and can make sound decisions about the significance of issues
  • Strong team working skills with the confidence and the ability to engage with and, where appropriate, challenge the judgements made.
  • Experience at managing the resolution of sensitive issues and potentially confrontational situations in a constructive and professional manner
  • Advanced oral communication and written skills with the ability to express issues in a clear, balanced and concise manner
  • Excellent attention to detail and accuracy
  • Experience of working in highly effective teams and recognises when it is appropriate to consult with /involve others
  • Strong understanding of the regulatory and audit environment

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