Article | Statutory Audit Job Description Template
As an Article in Statutory Audit, you will play a key role in auditing financial records and statements to ensure compliance with statutory requirements. This position provides a unique opportunity to work under experienced auditors, learn essential auditing practices, and contribute to the financial integrity of our clients.
Responsibilities
- Assist in conducting statutory audits of financial statements
- Verify compliance with statutory regulations and standards
- Examine financial records, reports, and documentation
- Prepare audit reports with findings and recommendations
- Collaborate with senior auditors to develop audit strategies
- Ensure accurate documentation of audit processes and results
- Identify and assess potential risks and control deficiencies
- Support audit teams in various audit assignments and projects
Qualifications
- Pursuing a degree in Accounting, Finance, or a related field
- Basic understanding of accounting principles and auditing standards
- Strong analytical and problem-solving skills
- Attention to detail and high level of accuracy
- Excellent written and verbal communication skills
- Ability to work collaboratively in a team environment
- Proactive approach to learning and professional development
Skills
- Microsoft Excel
- Audit software
- Financial analysis
- Accounting principles
- Attention to detail
- Time management
- Communication skills
- Risk assessment
Frequently Asked Questions
An Article in Statutory Audit assists in evaluating financial records to ensure compliance with legal standards. They gather financial data, review ledger details, and work closely with audit teams to help execute audits according to industry regulations and standards.
To become an Article in Statutory Audit, one typically needs to be enrolled in a professional accounting course like CA. Completing articleship or internship programs with a recognized audit firm is essential to gain practical experience in audit procedures and financial analysis.
The average salary for an Article in Statutory Audit can vary based on location and firm size. Although typically lower than fully qualified auditors, the compensation is competitive for an entry-level role and increases with experience and successful completion of qualifications.
To work as an Article in Statutory Audit, individuals generally need to be pursuing or have completed foundational courses in accounting or finance, like a CA or ACCA. Strong understanding of accounting principles and regulations is crucial, along with analytical and communication skills.
An Article in Statutory Audit should possess strong analytical skills and attention to detail to examine financial statements accurately. Responsibilities include aiding in audit planning, collecting data, testing internal controls, and preparing reports under guidance, all while maintaining client confidentiality.