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, mentorship, and support for your professional development.
- Other info: Perfect for those looking to balance work with study in a supportive environment.
- Why this job: Make a real impact while learning essential skills in finance and auditing.
- 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 in 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.
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 in London employer: HAT Group of Accountants
Join a dynamic and supportive team as an Audit & Accounts Trainee, where you will gain invaluable hands-on experience while pursuing your ACA qualification. Our company fosters a collaborative work culture that prioritises professional development, offering tailored training and mentorship from experienced auditors and accountants. Located in a vibrant area, we provide a stimulating environment that encourages growth, innovation, and a strong sense of community among our employees.
StudySmarter Expert Advice🤫
We think this is how you could land Audit & Accounts Trainee in London
✨Tip Number 1
Get to know the company inside out! Research their values, recent projects, and industry standing. This will help you tailor your conversations and show that you're genuinely interested in being part of their team.
✨Tip Number 2
Practice your interview skills with a mate or in front of the mirror. Focus on articulating your experiences and how they relate to the role. Remember, confidence is key, so don’t shy away from showcasing your strengths!
✨Tip Number 3
Network like a pro! Connect with current employees on LinkedIn or attend industry events. Building relationships can give you insider info and might even lead to a referral, which is always a bonus!
✨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 serious about joining us at StudySmarter and starting your journey in auditing and accounts.
We think you need these skills to ace Audit & Accounts Trainee in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Audit & Accounts Trainee role. Highlight any relevant experience or skills that match the job description, like your attention to detail and communication skills. We want to see how you fit into our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about auditing and accounting, and how you can contribute to our team at StudySmarter. Keep it concise but engaging – we love a good story!
Showcase Your Academic Achievements:Don’t forget to mention your academic qualifications, especially if you’ve got strong results in Maths and English. We’re looking for candidates who meet our educational criteria, so make sure this info stands out in your application.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss any important updates. Plus, it’s super easy – just follow the prompts!
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 prepared to discuss how you would approach auditing these documents and ensure compliance with accounting standards.
✨Research is Key
Familiarise yourself with the industry using resources like IBISWorld. Understanding the client's environment will not only impress your interviewers but also help you answer questions more effectively.
✨Showcase Your Communication Skills
Since this role involves client communication, practice articulating your thoughts clearly. Think of examples where you've successfully communicated complex information, whether in a team project or during your studies.
✨Demonstrate Attention to Detail
Prepare to discuss how you ensure accuracy in your work. Bring examples from your academic projects or any relevant experience where attention to detail was crucial, such as reviewing financial statements or preparing reports.
