At a Glance
- Tasks: Lead audit quality reviews and support teams in delivering high-quality audits.
- Company: Join BDO, a leading accountancy and business advisory firm.
- Benefits: Agile working, career development programmes, and a supportive culture.
- Why this job: Make a real impact on audit quality while developing your skills.
- Qualifications: Experience in financial services and strong auditing skills required.
- Other info: Collaborative environment with opportunities for continuous learning.
The predicted salary is between 36000 - 60000 £ per year.
We are BDO, an accountancy and business advisory firm providing the advice and solutions entrepreneurial organisations need to navigate today's changing world. We work with ambitious, entrepreneurially-spirited and high-growth businesses that fuel the economy and directly advise the owners and management teams leading them.
Audit quality is central to our strategy as an Audit Stream, the key ingredient to our success. Consistent high audit quality enables us to attract, develop and retain talented people and be proud of our work. It allows us to compete in the market and demonstrate that we can play a key role in market reform.
Consistently high audit quality does not happen by chance. It requires a mindset and culture of challenge and professional scepticism, appropriate resources, investment in central support for engagement teams, and technology solutions. Within the last year, we have increased our headcount significantly, invested in new partners, and commenced a significant investment programme in our central quality support team.
As experts on a wide number of issues, our Quality Review & Support team (QRST) within the Audit Quality Department (AQD) provides support to our client-facing specialists in audit/assurance. From performing independent quality reviews on a selection of our listed and PIE audits to being on-hand to help with complex enquiries, QRST is tasked with helping our team meet their reporting requirements and consistently deliver high-quality audits.
As part of this supportive and knowledgeable team, you'll have a chance to use and develop your technical skills and experience, find solutions to complex audit technical matters, and contribute daily to the firm's commitment to deliver high-quality output.
You will help deliver accurate and transparent reporting to all relevant stakeholders as you provide long-term value. We are looking for a Senior Manager with Financial Services experience to work within its Quality Review & Support team. The individual will help our teams deliver high-quality audits by performing targeted reviews on our public interest entities (PIEs), challenging audits throughout the audit cycle, and providing coaching and support to promote consistent high-quality audits.
You will also:
- Perform in-flight reviews of audits at every stage from planning through to completion and reporting, identifying ways to improve audit quality.
- Determine areas of focus for reviews, liaising with the QRST Director to agree on approach.
- Proactively discuss audit quality matters with teams and help develop strategies to deliver high-quality audits.
- Challenge the execution of audit procedures and documentation of audit work performed.
- Support and coach teams to implement identified improvements in audit quality.
- Identify issues and matters where firm-wide action may be required, in conjunction with the Director of the QRST.
- Contribute to the development of training and guidance on performing high-quality audits.
- Provide clear and practical solutions to ad hoc audit quality queries.
- Get the opportunity to contribute to the wider audit quality agenda by getting involved in a variety of audit quality initiatives led by the wider Audit Quality Improvement team.
You will be someone with:
- Required: IFRS9 or IFRS17 expertise.
- Desirable: Experience of performing audit quality reviews (pre or post audit opinion).
- A keen interest in Audit Quality.
- Excellent practical and technical auditing experience, particularly on more complex audits.
- Good working knowledge of IFRS.
- Ability and willingness to assertively challenge and influence more senior individuals and peers.
- Ability to think innovatively and creatively to identify ways to improve audit quality.
- Attention to detail.
- Strong written and oral communication skills.
- Effective project management.
At BDO, we will help you achieve your personal goals and career ambitions, and we have programmes, resources, and frameworks that provide clarity and structure around career development. Mutual support and respect is one of BDO's core values, and we are proud of our distinctive, people-centred culture. Our agile working framework helps us stay connected, bringing teams together where and when it counts so they can share ideas and help one another.
We know that collaboration is the key to creating value and satisfying experiences at work, so we have invested in state-of-the-art collaboration spaces in our offices. BDO's people represent a wealth of knowledge and expertise, and we encourage you to build your network, work alongside others, and share your skills and experiences. With a range of multidisciplinary events and dedicated resources, you will never stop learning at BDO.
At BDO, we help entrepreneurial businesses to succeed, fuelling the UK economy. Our success is powered by our people, which is why we are always finding new ways to invest in you. We have a clear purpose, and we are confident in our future, because we are adapting and evolving to build on our strengths, ensuring we continue to find the right combination of global reach, integrity, and expertise.
Audit Quality Review in London employer: BDO UK
Contact Detail:
BDO UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Audit Quality Review in London
✨Tip Number 1
Network like a pro! Reach out to current employees at BDO through LinkedIn or other platforms. Ask them about their experiences and any tips they might have for landing a role in the Audit Quality Review team.
✨Tip Number 2
Prepare for your interview by brushing up on IFRS standards and audit quality principles. Be ready to discuss how you can contribute to maintaining high audit quality at BDO, as this is a key focus for them.
✨Tip Number 3
Showcase your problem-solving skills! During interviews, share examples of how you've tackled complex audit issues in the past. This will demonstrate your ability to think critically and creatively, which is essential for the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the BDO team.
We think you need these skills to ace Audit Quality Review in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Audit Quality Review role. Highlight your relevant experience with IFRS and audit quality reviews, and show us how you can contribute to our mission of delivering high-quality audits.
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use specific examples from your past experiences that showcase your attention to detail, project management abilities, and how you've successfully challenged audit processes in the past.
Be Authentic: We want to know the real you! Let your personality shine through in your application. Share your passion for audit quality and how you’ve contributed to team success in previous roles. We value authenticity!
Apply Through Our Website: For the best chance of success, make sure to apply directly through our website. This way, we can easily track your application and ensure it gets the attention it deserves. We’re excited to see what you bring to the table!
How to prepare for a job interview at BDO UK
✨Know Your Audit Quality Fundamentals
Before the interview, brush up on the key principles of audit quality. Understand IFRS9 and IFRS17 thoroughly, as these are crucial for the role. Being able to discuss how these standards impact audit quality will show your expertise and commitment.
✨Prepare Real-Life Examples
Think of specific instances where you've challenged audit procedures or improved audit quality in your previous roles. Be ready to share these examples during the interview to demonstrate your practical experience and problem-solving skills.
✨Show Your Collaborative Spirit
Since the role involves working closely with teams and senior management, be prepared to discuss how you’ve successfully collaborated in the past. Highlight your communication skills and how you’ve contributed to a supportive team environment.
✨Ask Insightful Questions
Prepare thoughtful questions about BDO's approach to audit quality and the challenges they face. This not only shows your interest in the firm but also your proactive mindset in wanting to contribute to their goals.