At a Glance
- Tasks: Ensure audit quality and compliance through reviews, guidance, and training.
- Company: Join a leading firm dedicated to maintaining high audit standards.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Dynamic role with opportunities for career advancement and skill development.
- Why this job: Make a real impact on audit quality and work with experienced professionals.
- Qualifications: Professional accountancy qualification and strong knowledge of UK auditing standards.
The predicted salary is between 36000 - 60000 £ per year.
Overview
The Technical and Compliance Department (TCD) ensures that the Firm\'s business is conducted in accordance with applicable laws, regulations, codes, and standards issued by regulators and standard setters. TCD supports the Firm\'s system of quality management (SOQM) through audit quality reviews on selected engagements, monitoring engagement performance, and developing and delivering audit quality guidance and training materials. As an Audit Quality Assistant Manager / Manager, you will support partners and staff to achieve audit quality and ensure compliance with auditing and accounting standards. You will apply your audit knowledge to answer audit-related queries, perform cold, in-flight and thematic reviews, and issue guidance and training on audit quality initiatives. You must be a strong team player, able to work effectively within TCD and across the Firm, and capable of liaising with senior partners, staff, the Firm\\\'s network and external regulatory bodies.
Responsibilities
- Perform audit quality reviews of selected audit engagements, including in-flight reviews, thematic reviews, follow-up of regulatory findings and cold file reviews.
- Prepare and submit reports on the findings from all audit quality reviews to the relevant compliance partners, the Professional Standards Committee (PSC), the Audit Quality Oversight Team (AQOT), and, where required, the wider Firm.
- Identify areas for improvement in the Firm\\\'s audit methodology and/or audit training based on audit quality review findings, and deliver those actions in conjunction with other TCD members.
- Participate in relevant audit quality projects and initiatives devised by the AQOT.
- Review existing working practices, suggest improvements, and deliver agreed monitoring and recommendations.
Audit Quality Liaison & Queries
- Support the development of audit quality sessions, guidance and materials for managers, RIs and engagement quality reviewers.
- Respond to queries and information requests from audit regulators, audit engagement teams and others related to audit quality matters.
- Ensure liaison and cooperation with divisional audit quality teams to address AQOT objectives and identify findings and trends.
- Provide support to the Technical and Compliance Department by answering audit-related queries and developing audit-related materials and training, including audit methodology.
- Review audit reports of public interest entities and other entities within the Firm\\\'s technical review requirements to confirm compliance with auditing standards, company legislation and regulatory requirements.
- Review proposed modified audit reports prior to issuance.
- Share best practices with audit teams to improve the overall audit quality initiative and reduce risk.
Monitoring & Remediation
- Undertake relevant audit quality monitoring activities related to quality risks and responses in the Firm\\\'s system of quality management, and report findings to the Technical and Compliance Partner responsible for monitoring and remediation.
- Involve in root cause analysis for deficiencies from reviews and regulatory findings, including documenting discussions, communicating outcomes, and performing monitoring to ensure remedial actions are implemented.
Qualifications
- Professional accountancy qualification (e.g., ICAEW, ACCA or equivalent) with at least 3 years post-qualification experience (Manager) or 1 year post-qualification experience (Assistant Manager).
- Strong working knowledge of UK auditing requirements including legislation (e.g., Companies Act 2006), auditing standards (ISAs UK), the FRC\\\'s Revised Ethical Standard, and UK GAAP and IFRS.
- Previous experience in audit practice and/or in a similar audit quality position; suitable for an auditor with strong technical aptitude seeking a move into audit quality.
- Ability to develop and deliver audit quality training initiatives and materials.
- Ability to handle complex, multi-faceted issues and reach clear evidence-based conclusions.
- Excellent communication skills (verbal and written).
- Proficiency in Microsoft Office (Excel, Word, PowerPoint) and SharePoint.
Audit Quality Assistant Manager / Manager in Camden Town employer: PKF Littlejohn
As an Audit Quality Assistant Manager / Manager at our firm, you will thrive in a dynamic work culture that prioritises professional development and collaboration. We offer comprehensive training programmes, opportunities for career advancement, and a supportive environment where your contributions directly impact audit quality and compliance. Located in a vibrant city, our firm provides a unique blend of professional growth and a fulfilling work-life balance, making it an excellent choice for those seeking meaningful employment.
StudySmarter Expert Advice🤫
We think this is how you could land Audit Quality Assistant Manager / Manager in Camden Town
✨Tip Number 1
Network like a pro! Reach out to your connections in the audit field and let them know you're on the lookout for opportunities. You never know who might have a lead or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UK auditing standards and regulations. Be ready to discuss how your experience aligns with the role of Audit Quality Assistant Manager/Manager, and don’t forget to showcase your teamwork skills!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to get comfortable answering common questions. This will help you articulate your thoughts clearly and confidently during the real deal.
✨Tip Number 4
Don’t just apply anywhere; apply through our website! We want to see your application and get to know you better. Tailor your approach to highlight how you can contribute to our audit quality initiatives.
We think you need these skills to ace Audit Quality Assistant Manager / Manager in Camden Town
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Audit Quality Assistant Manager / Manager role. Highlight your relevant experience and skills that match the job description, especially your audit knowledge and compliance expertise.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of your past experiences in audit quality and how they relate to the responsibilities outlined in the job description.
Showcase Your Team Spirit:We love team players! In your application, mention instances where you've successfully collaborated with others, especially in audit or compliance settings. This will show us you can work effectively within TCD and across the Firm.
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it makes the process smoother for everyone involved.
How to prepare for a job interview at PKF Littlejohn
✨Know Your Audit Standards
Make sure you brush up on UK auditing requirements, including ISAs and the Companies Act 2006. Being able to discuss these confidently will show that you’re not just familiar with the standards but can apply them in real-world scenarios.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific audit quality issues or regulatory findings. Think of examples from your past experience where you identified areas for improvement or successfully managed compliance challenges.
✨Showcase Your Team Player Skills
Since this role involves liaising with various teams and senior partners, be ready to share examples of how you've effectively collaborated in the past. Highlight your ability to communicate clearly and work towards common goals.
✨Demonstrate Your Training Abilities
You’ll need to develop and deliver training materials, so be prepared to discuss any experience you have in this area. If you’ve created training sessions or guidance before, share those experiences and the impact they had on audit quality.
