Audit Associate Job Description Template
The Audit Associate is responsible for assisting in the planning and execution of audit engagements. This includes working with clients to gather information, preparing audit documents, and performing testing. The Associate must be able to communicate effectively with clients and team members. They must also have strong analytical and problem-solving skills.
Audit Associate Job Responsibilities
- Conducting fieldwork for audits, including planning, executing, and documenting procedures
- Supervising audit staff on assigned engagements
- Identifying and assessing risks, developing and implementing risk mitigation strategies
- Developing an understanding of clients' business operations and processes
- Identifying process improvements and recommending solutions to clients
- Preparing reports detailing findings and recommendations
- Assisting in the development of audit plans and programs
- Participating in firmwide initiatives such as quality control reviews
Objectives
- Examine financial statements and accounting records to ensure compliance with laws and regulations
- Detect and prevent fraud by reviewing internal controls
- Identify errors and recommend corrective action
- Prepare reports summarizing findings and recommending improvements in internal controls, accounting procedures, and governance processes
- Assist in developing audit plans that reflect risks and areas of potential exposure
- Evaluate the effectiveness of management's response to previous audit findings
Audit Associate Job Skills & Qualifications Needed
- The skills and qualifications needed for the role of Audit Associate are:
- A bachelor's degree in accounting or a related field
- At least 2 years of experience working in auditing or a related field
- Strong analytical and problem solving skills
- Excellent communication and interpersonal skills
- Detail oriented and able to work independently