Position
Audit Associate
Job Summary
We are seeking a detail-oriented and analytical Audit Associate to support internal and external audit activities. The role involves reviewing financial records, verifying transactions, preparing audit working papers, identifying discrepancies, ensuring compliance with accounting standards and company policies, and assisting senior team members in completing audits efficiently.
Key Responsibilities
Audit & Assurance
- Assist in planning and executing internal and external audit assignments.
- Examine financial statements, accounting records, invoices, vouchers, bank statements, and supporting documents.
- Perform testing of income, expenses, assets, liabilities, receivables, payables, and other financial transactions.
- Verify the accuracy, completeness, and validity of financial information.
- Conduct bank, vendor, customer, inventory, and balance-sheet reconciliations.
- Perform sample testing and analytical review procedures.
- Identify accounting errors, control weaknesses, unusual transactions, and potential risks.
- Maintain proper audit working papers and supporting documentation.
- Assist in preparing audit reports and management letters.
- Follow up on audit observations and management responses.
- Ensure audit procedures are performed in accordance with applicable standards, policies, and regulations.
Accounting & Compliance Support
- Assist with month-end and year-end closing activities.
- Review accounting entries and supporting documentation.
- Assist in statutory and regulatory compliance reviews.
- Support tax-related audits and documentation requirements where applicable.
- Coordinate with finance and operational teams to obtain required information.
- Maintain confidentiality of financial and business information.
Reporting & Documentation
- Prepare audit schedules, reconciliations, checklists, and working papers.
- Document audit findings clearly and accurately.
- Prepare periodic reports for the Audit Manager/Senior Auditor.
- Maintain organized records of completed and pending audit procedures.
- Communicate audit issues and discrepancies to the appropriate team members.
Candidate Profile
- Bachelor's degree in Accounting, Finance, Commerce, or a related field.
- 1–3 years of experience in audit, accounting, finance, or a related role.
- Candidates pursuing CA, ACCA, CMA, CPA, or equivalent professional qualifications are preferred.
- Good understanding of accounting principles and financial statements.
- Knowledge of auditing procedures and internal controls.
- Strong analytical and numerical skills.
- Excellent attention to detail and accuracy.
- Good written and verbal communication skills.
- Proficiency in MS Excel and accounting/ERP software.
- Ability to work independently as well as part of an audit team.
- Willingness to travel for audit assignments, if required.
Key Skills
- Financial Statement Analysis
- Auditing & Assurance
- Account Reconciliation
- Internal Controls
- Risk Assessment
- Financial Data Analysis
- MS Excel
- Accounting/ERP Software
- Documentation & Reporting
- Attention to Detail
- Time Management
- Professional Communication
Key Performance Indicators (KPIs)
- Timely completion of assigned audit procedures
- Accuracy and completeness of audit working papers
- Identification and documentation of audit findings
- Quality of reconciliations and audit testing
- Compliance with audit procedures and deadlines
- Effective communication with internal and external stakeholders
- Timely follow-up and closure of audit observations
