Statutory Audit - Senior 2/3 Job Description Template
As a Statutory Audit - Senior 2/3, you will be responsible for leading audit teams and engagements, ensuring compliance with statutory requirements, and delivering high-quality audit reports. You will work closely with clients and stakeholders to provide insights and recommendations for financial and operational improvements.
Responsibilities
- Lead and manage statutory audit engagements
- Ensure compliance with financial regulations and standards
- Prepare and review high-quality audit reports
- Identify and assess business and financial risks
- Communicate audit findings and recommendations to clients
- Supervise and mentor junior audit staff
- Stay updated with changes in auditing standards and regulations
- Collaborate with other departments to ensure comprehensive audit coverage
Qualifications
- Bachelor's degree in Accounting, Finance, or a related field
- CPA or equivalent professional certification
- Minimum of 3-5 years of experience in statutory auditing
- In-depth knowledge of auditing standards and regulations
- Strong analytical and problem-solving skills
- Excellent written and verbal communication skills
- Ability to manage multiple audit engagements simultaneously
- Experience in supervising and mentoring junior staff
Skills
- Auditing
- Financial Reporting
- Risk Assessment
- Regulatory Compliance
- GAAP/IFRS
- Internal Controls
- Excel
- Audit Software (e.g., ACL, IDEA)
- Communication
- Team Leadership
Frequently Asked Questions
A Statutory Audit - Senior 2/3 is responsible for leading audit engagements and ensuring compliance with relevant laws and financial regulations. They manage audit teams, review financial statements, assess risk management strategies, and provide recommendations for improving internal controls. This role involves coordinating with clients to understand their operations and ensuring that audit processes align with statutory requirements.
To become a Statutory Audit - Senior 2/3, one generally needs a degree in accounting, finance, or a related field. Several years of experience in audit, preferably in a supervisory capacity, is required. Professional certifications, such as CPA or ACCA, enhance prospects. It's important to demonstrate leadership skills, deep knowledge of audit regulations, and the ability to manage complex audit projects.
The average salary for a Statutory Audit - Senior 2/3 varies depending on location, industry, and experience level, with compensation typically increasing with more extensive experience and additional qualifications. Candidates can expect their salary to reflect the complexity and responsibility of the role, which involves overseeing regulatory compliance and financial accuracy for clients.
Qualifications for a Statutory Audit - Senior 2/3 typically include a bachelor's degree in accounting or finance and significant experience in audit roles. Many employers prefer candidates with CPA or ACCA credentials. Strong analytical skills, proficiency in accounting software, and a solid understanding of financial regulations are also crucial for success in this position.
A Statutory Audit - Senior 2/3 should possess strong analytical and leadership skills, the ability to manage a team, and extensive knowledge of audit processes and regulations. Key responsibilities include conducting financial audits, ensuring compliance with statutory requirements, and providing guidance to junior team members. Effective communication with clients and stakeholders is essential to successfully deliver audit findings and recommendations.