Statutory Audit (Associate Director / Manager) Job Description Template
The Statutory Audit (Associate Director / Manager) is responsible for leading audit engagements with a focus on compliance and financial accuracy. This role involves collaborating with clients, supervising audit teams, and ensuring the delivery of high-quality audit services. The position requires a deep understanding of statutory regulations and accounting standards.
Responsibilities
- Lead and manage statutory audit engagements from planning through to completion.
- Ensure compliance with accounting standards and regulatory requirements.
- Supervise audit team members, providing guidance and support.
- Review financial statements and ensure accuracy and compliance.
- Develop and maintain strong client relationships.
- Identify and communicate audit findings and recommendations.
- Prepare detailed audit reports for senior management and clients.
- Stay updated on changes in regulatory requirements and accounting standards.
Qualifications
- Bachelor's degree in Accounting, Finance, or related field.
- Certified Public Accountant (CPA) or equivalent qualification.
- Minimum of 8 years of experience in statutory audit, with at least 3 years in a managerial role.
- Strong knowledge of GAAP, IFRS, and local statutory requirements.
- Proven experience in managing audit engagements and teams.
Skills
- Auditing
- Financial Reporting
- GAAP
- IFRS
- Leadership
- Client Relationship Management
- Regulatory Compliance
- Analytical Thinking
- Attention to Detail
- Communication
Frequently Asked Questions
A Statutory Audit Associate Director oversees audit projects, ensuring compliance with statutory regulations and standards. They lead audit teams, evaluate financial documents, identify discrepancies, and provide insights for financial integrity. They also liaise with stakeholders to communicate findings and recommendations effectively.
To become a Statutory Audit Manager, individuals typically need a bachelor's degree in accounting or finance, followed by relevant certifications such as CPA, ACA, or ACCA. Experience in audit, managerial skills, and expertise in financial regulations are essential. Continuous professional development and networking can aid career progression.
The average salary for a Statutory Audit Associate Director varies by location and experience, generally ranging within competitive figures in the financial sector. Compensation often includes base salary, performance bonuses, and benefits. Researching industry standards through trusted career platforms can provide more specific insights.
A Statutory Audit Manager role requires a bachelor's degree in accounting or a related field. Professional certifications like CPA or ACCA are often mandatory. Additionally, profound knowledge of audit standards, compliance regulations, and robust analytical and leadership skills are critical for success in this role.
A Statutory Audit Associate Director should possess skills in leadership, strategic thinking, and thorough knowledge of audit regulations. Responsibilities include managing audit teams, reviewing compliance reports, advising on risk management, and ensuring adherence to financial standards. Strong communication skills are also crucial for liaising with clients.