Associate Audit Job Description

Associate Audit Job Description

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Associate audit provides assistance to IT audit staff preparing analysis that support audits and ensures compliance with statutory and generally accepted accounting principles.

Associate Audit Duties & Responsibilities

To write an effective associate audit job description, begin by listing detailed duties, responsibilities and expectations. We have included associate audit job description templates that you can modify and use.

Sample responsibilities for this position include:

Ensures accurate and timely auditing of sales and sufficient control over cash
Ensures the daily auditing of sales transactions from retail stores
Prepare commercially effective audit conclusions and findings, and present to senior management and business clients
Participate in department-wide initiatives aimed at continually improving processes and supporting infrastructure
Ensure third party credit balancing reporting
Supports monthly financial close process (journal entries, balancing, returns reserves, review, analysis)
Manages the reporting of over/short issues, liability reconciliations and policy violations
Performs process review and offers recommendations for improvements in efficiency and accuracy
Verifies cash deposits, credit card activity and petty cash activity and researches any tender variances
Alerts Sales Audit Supervisor of any shortages or suspicious transaction activity

Associate Audit Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Associate Audit

List any licenses or certifications required by the position: CPA, CISA, CISSP, CIA, CISM

Education for Associate Audit

Typically a job would require a certain level of education.

Employers hiring for the associate audit job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Taxation, Education, Business/Administration, Business, Public Accounting, Economics, Internships, Information Technology

Skills for Associate Audit

Desired skills for associate audit include:

U.S. Generally Accepted Accounting Principles and accounting procedures
PowerPoint and Word
Industry-specific accounting literature
Current and upcoming regulatory requirements which impact ICOFR
Internal controls and SOX requirements
Auditing
U.S. Generally Accepted Accounting Principles Auditing Standards
Current audit and accounting concepts
Microsoft Office programs
General IT controls

Desired experience for associate audit includes:

Manages the verification of sales have been captured in the system and there are no missing transactions
Prepare clear and concise planning documents, risk/control matrices and audit programs
Analyze business processes, procedures, and risks
Prepare clear and concise work papers that support conclusions
Draft and communicate audit findings and recommendations/reports to management
Assist in developing and planning the scope of audits

Associate Audit Examples

1

Associate Audit Job Description

Job Description Example
Our company is growing rapidly and is hiring for an associate audit. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for associate audit
  • Auditing of broker agent/agency files to ensure compliance with CHS and CMS policies/requirements
  • Assist on Corporate Finance audit engagements with limited supervision in line with department deadlines
  • Participate in audit engagement teams, performing timely review and providing honest and constructive feedback
  • Preparation and review of financial statements, workpapers, audit programs
  • Prepare reports and audit findings
  • Monitor daily sales activities through the analysis of key metrics relative to sales and manageable assets at an increasingly granular level
  • Assist in the ongoing development, maintenance and improvement of reconciliation tools and exception reports
  • Independently identify, develop and implement process improvements or procedural changes as needed to address potential weaknesses
  • Prepare daily / weekly / monthly or ad hoc reports for distribution to the Assistant Controller, Internal Audit and DSD Management
  • Ensure accounting records are maintained and procedures are in accordance with the Company’s Cash Handling Policy
Qualifications for associate audit
  • Commercial Audit experience preferred
  • EBP/pensions experience preferred
  • 2 - 5 years of audit experience with exposure to financial services, banking industry, e-commerce or a Big 4 environment preferred
  • 1+ year of Audit experience (Financial and Operational)
  • 1 to 2 years in accounting or related field preferred
  • Working to obtain CPA designation
2

Associate Audit Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of associate audit. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for associate audit
  • Developing the audit pipeline using risk-based criteria to identify key risks
  • Drafting and sending audit confirmation letters prior to performing the on-site, virtual, and NT audits to inform property owners that an audit will be conducted and note which financial records and requested supporting documentation will be required to complete the audit
  • Communicating and discussing preliminary audit results with stakeholders including, with property owners and managers, , senior leaders within the Brand Operations, Legal, and Finance teams to identify recommendations and action plans to mitigate significant audit findings and resolve potential audit disputes
  • Obtain year-end additional or return premium on voluntary audits
  • Obtain accounts exposure basis through financial information and tax records
  • Sort and review workloads and assignments before distributed
  • Enter into Automated Commercial lines system (ACL) for billing
  • Assist in the planning, execution, and completion of audit, examination, or consulting services
  • Perform specific audit steps under the supervision of a more experienced auditor
  • Create complete, accurate and detailed audit documentation to support work performed
Qualifications for associate audit
  • Master’s Degree and / or CPA candidacy is strongly preferred
  • Minimum of 1 year of Financial Audit experience preferred
  • 0-3 years of public audit experience required
  • Strong interpersonal and written communications skills strongly preferred
  • Minimum of three years previous financial services experience preferably in public accounting, internal audit or risk and control functions
  • Two years’ experience in public accounting
3

Associate Audit Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of associate audit. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for associate audit
  • Participate in CPE relevant to work assignments and maintain compliance with firm CPE requirements
  • Demonstrate an active interest in the accounting and business world by keeping abreast of market trends and business developments, changes to accounting standards and guidance
  • Interacting with clients and team members and reporting to project managers
  • Preparing compliance reports to ensure findings and recommendations are objective, factual and in conformation with overall report-writing procedures and best practices
  • Develop an understanding of the client's business and needs, and become a consumer products industry specialist
  • Develop an understanding of the client's business, and become a private equity funds industry specialist to understand client specific needs
  • Develop an understanding of the client's business, and become an industrial products industry specialist to understand client specific needs
  • Assist in leading /lead audit engagements as outlined above including risk assessment, audit planning, audit testing, control evaluations, report drafting and follow up and verification of issue closure
  • Work closely with audit colleagues in the early identification of emerging control issues and reporting them timely to Audit management and business stakeholders
  • Partner with colleagues, clients and control community members to evaluate the control environment
Qualifications for associate audit
  • Experience with GoFileRoom, Pfx Engagement, Pfx Tax, preferred
  • Knowledge of MS Word, Excel, Visio and PowerPoint
  • Experience with accounting for alternative investments preferred
  • Masters in Accounting preferred
  • 2-4 years of public accounting audit experience, Financial Institutions, Health Care, and/or Manufacturing & Distribution experience preferred
  • Minimum 6 months DC environment
4

Associate Audit Job Description

Job Description Example
Our innovative and growing company is looking for an associate audit. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for associate audit
  • Analyzing financial and/or operational data to assess the adequacy/effectiveness/efficiency of business processes and to identify trends and root causes of business issues
  • Participating in the development of new audit processes and ongoing process improvements, including leveraging technology to gain efficiencies and maximize audit scopes
  • Providing progressive and creative input that will drive greater efficiency and add value to the audit process
  • Reports to the Audit Senior and Audit Team Lead on each engagement and administratively reports to an Audit Strategist
  • Must be willing to travel up to 25% of the year both domestically and internationally
  • Interface with the client on a day-to-day basis, manages and executes specific tasks within estimated time frames and budget constraints
  • Independently perform a major segment of the A-123 audit
  • Assist clients and staff to develop client and project risk assessments, and implement opportunities
  • Prepare financial statements and related reports as assigned by senior
  • Collaborate with Seniors to ensure effective communication and service delivery
Qualifications for associate audit
  • Advanced degrees/Professional certifications desired
  • Bachelor degree or above with strong academic credentials (minimum GPA of 3.2) in Accounting, Finance, Economics, Business Management or related disciplines required
  • Commitment to pursuing and achieving relevant accounting qualification
  • 3-5 years audit (or business)experience within the financial services industry, preferably the asset management or brokerage business
  • At least three years of progressively responsible experience in consulting and/or directly relevant industry experience in all aspects of project and task management
  • Minimum of year of experience acting in a technical or functional lead capacity
5

Associate Audit Job Description

Job Description Example
Our company is looking to fill the role of associate audit. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for associate audit
  • Preparation and WINS entry of manual audits
  • Work with department lead for any discrepancies
  • Ensure that the warehouse and work area is consistently clean and free of debris
  • Schedule and conduct daily Hold Compliance audits
  • Analyze and evaluate the Firm's Wealth Management brokerage business focusing on the investment products and services, investment advisory, branch operations, sales practices, and client suitability to evaluate the risk and control framework supporting the business
  • Execute the annual risk-based audit plan to provide appropriate coverage of retail brokerage activities within departmental methodology, policies and standards
  • Involvement in audit planning memos, developing testing plans, issue identification, issue discussions with clients, and report writing
  • Display a curios and questioning mindset, display professional skepticism
  • Build technical knowledge about Information Technology General Controls (ITGC) and application control testing techniques including understanding of Federal Information System Controls Audit Manual (FISCAM) and other audit methodology Horizon (located in GEL)
  • Build knowledge of technologies including O/S, applications, databases, network, General understanding in year one followed by increased specialization in upcoming years
Qualifications for associate audit
  • Ability to bridge the gap between financial accounting processes and events and standard and unique Federal Government business processes (e.g., contracting, Fund Balance with Treasury, logistics)
  • Math skills, understanding of financial information and financial statements
  • Bachelor's degree in accounting/finance and CPA preferred
  • Willingness to travel within assigned regions/entities both domestically and internationally to complete testing
  • 2+ years tax and/or audit experience
  • Bachelor's degree 150 semester hours of education preferred and must either possess or be actively seeking a CPA or CISA certification

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