At a Glance
- Tasks: Kickstart your career by assisting in auditing and accounting while studying for the ACA qualification.
- Company: Join a dynamic firm that values growth and teamwork.
- Benefits: Gain hands-on experience, competitive salary, and support for your professional development.
- Other info: Perfect for those who thrive in a fast-paced environment and want to grow their career.
- Why this job: Make a real impact while learning essential skills in finance and client communication.
- Qualifications: 5 GCSEs including Maths and English, plus strong A-levels or equivalent.
The predicted salary is between 25000 - 32000 £ per year.
This is an entry-level position that combines starting the ACA qualification with hands-on experience in auditing and accounting. Trainees will assist in the preparation of financial statements, perform largely profit and loss audit testing and will help to ensure compliance with the relevant accounting standards and regulations. Trainees work under the supervision of senior auditors and accountants, developing key skills such as financial analysis, report preparation, and client communication.
Specific Duties:
- Research industry using IBISWorld to gain a full understanding of the client's environment.
- Review permanent file for any information which may impact on the assignment.
- Roll forward prior year working papers and lead schedules in Pro Audit accordingly.
- Prepare draft Letter of Engagement for senior review.
- Prepare draft Assignment Terms Letter for senior review.
- Assist the Senior with preparation/update of detailed systems notes with reference to personnel, key responsibilities and authorisation procedures.
- Perform tests of internal controls and assess whether controls are sufficiently implemented and effective.
- Prepare coded trial balance, allocating client nominal ledgers to appropriate codes in AP and reviewing against prior year for consistency.
- Review draft financial statements for casting, reference, comparative and grammatical errors.
- Perform detailed transactions tests for various sections of the audit file.
- Demonstrate a clear understanding of how audit procedures address specific financial statements assertions.
- Review client prepared reconciliations, agreeing ledger balances, and reconciling items to other documentary evidence.
- Perform recalculation checks, ensuring client workings behind ledger postings are accurate.
- Perform proof in total tests, comparing client ledger postings to expectations formed from results.
- Review nominal ledger activity reports for reasonableness and confirm postings are in line with our expectations and client explanations.
- Make use of third-party sources (e.g. Companies House, Google, Bank of England, HMRC etc.) to aid with audit procedures.
- Ensure awareness of audit methodologies i.e. on how to derive sample sizes, test of details, etc.
- Present problems encountered to senior on a timely and efficient manner.
- Present and discuss ideas for resolving any problems encountered with audit senior.
- Update audit senior with detailed progress reports by email.
- Prepare supervisor review, self-assessing performance.
- Review final financial statements for casting, reference, comparative and grammatical errors and agree figures to audit working papers.
- Prepare covering letters and other general client correspondence.
- Prepare a summary of outstanding information for areas of work which remain incomplete due to client delays (where relevant).
Essential specifications for the role:
- Communication skills
- Attention to detail
- Ability to manage time efficiently to balance work and studying for a Level 7 qualification
- Ability to work as a team and individually
You will need a minimum of 5 GCSEs (grade 9-4) including at least a level 7 in Mathematics and 5 in English, 128 UCAS Tariff points (A,A,B) or equivalent plus an expectation of at least a 2.1 degree classification in any discipline, with consistently strong module results throughout your degree. If you have a 2:2 degree classification, we can consider your application if you have A,A,A at A-level.
Non-essential but desirable specifications include:
- Ability to multitask and complete assignments within time constraints and deadlines
- Knowledge of professional/technical standards, software and agreed auditing practices
- Problem-solving abilities
Audit & Accounts Trainee employer: HAT Group of Accountants
As an Audit & Accounts Trainee, you will join a dynamic team that values professional development and offers a supportive work culture. Our firm provides comprehensive training for the ACA qualification alongside hands-on experience in auditing and accounting, ensuring you gain essential skills while working closely with experienced professionals. Located in a vibrant area, we foster a collaborative environment where your contributions are recognised, and opportunities for growth are abundant.
StudySmarter Expert Advice🤫
We think this is how you could land Audit & Accounts Trainee
✨Tip Number 1
Network like a pro! Reach out to your connections on LinkedIn or at university. Let them know you're on the hunt for an Audit & Accounts Trainee role. You never know who might have a lead or can put in a good word for you!
✨Tip Number 2
Prepare for interviews by practising common questions related to auditing and accounting. We recommend doing mock interviews with friends or family. This will help you articulate your thoughts clearly and show off your communication skills!
✨Tip Number 3
Research the companies you're applying to. Understand their values, recent projects, and industry challenges. This knowledge will not only impress interviewers but also help you tailor your answers to fit their needs.
✨Tip Number 4
Don't forget to apply through our website! We make it super easy for you to find and apply for roles that match your skills. Plus, it shows you're genuinely interested in joining our team!
We think you need these skills to ace Audit & Accounts Trainee
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Audit & Accounts Trainee role. Highlight any relevant coursework or projects that showcase your financial analysis and communication skills.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're excited about this position and how your background makes you a great fit. Don’t forget to mention your eagerness to start the ACA qualification!
Show Off Your Attention to Detail:Since this role requires a keen eye for detail, make sure your application is free from typos and errors. Double-check everything before hitting send – it shows you care about quality!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining the StudySmarter team!
How to prepare for a job interview at HAT Group of Accountants
✨Know Your Numbers
Brush up on your financial knowledge, especially around profit and loss statements. Be ready to discuss how you would approach preparing financial statements and performing audit tests. This shows you’re not just a candidate but someone who understands the core of the role.
✨Research is Key
Use resources like IBISWorld to understand the industry and the specific clients you might be working with. Being able to discuss industry trends or challenges during your interview will impress the interviewers and demonstrate your proactive approach.
✨Showcase Your Communication Skills
Since client communication is crucial in this role, prepare examples of how you've effectively communicated in past experiences. Whether it’s presenting ideas or resolving issues, being able to articulate your thoughts clearly will set you apart.
✨Demonstrate Attention to Detail
Prepare to discuss how you ensure accuracy in your work. You might be asked about how you would review financial statements for errors or discrepancies. Highlight any past experiences where your attention to detail made a difference in your work.
