Audit Supervisor

Employer
Bellwether Consulting
Location
Islamabad, Pakistan
Salary
PKR. 40K - 50K /Month
Posted
Aug 23, 2019
Closes
Sep 02, 2019
Ref
996238
Job Role
Auditor
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Level of qualification
CIMA, Newly qualified, Qualified
This position is primarily responsible for controlling and coordinating audit/ review/ special assignments/investigation engagement as well as to ensure that the engagement is carried out within guidelines/requirements of the applicable Audit Framework.

Principal Accountabilities:
  • Monitor/review overall audit/review/investigation/ special assignment of audit and preparation of audit reports within budgeted timelines provided by firm.
  • Review / validate "Risk Assessment Data of Business" and preparation of "Risk Assessment and Planning" sheet of auditable entities.
  • Discuss audit observations with audit and obtain management comments on these observations. Escalate critical issues that warrant immediate action with Management through coordination with firm.
  • Review work of subordinates to assure that audit work has been properly documented; working papers include adequate audit evidence and work has been performed as per audit program.
  • Consolidation of exceptions according to their significance and Recommend Audit Rating for the auditable entity.
  • Prepare a draft report/report for review, by the senior management of the firm.
  • Ensure that working paper file is adequately prepared for archiving.
  • Continually assess work being performed for greater efficiencies and effectiveness.
  • Analyze issues identified during engagements/ assignments, establish root cause with full reasons behind breakdowns in controls and suggest appropriate solutions.
  • Ensure compliance of regulators approved policies, guidelines, manuals, procedures etc. and government laws and regulations, ISA's standards etc. to make audit activity effective.
  • Brief team members on their particular areas to provide effective coaching throughout the assignment to ensure the work is appropriate.
  • Sign-off working papers in the ‘Working Paper File' to evidence preparation/review of fieldwork.
  • Periodic or Surprise Inspection of stock held with the audit clients as security or given in audit master data or given in clients approved policies, guidelines, manuals and procedures etc.
  • Be alert for new developments and assess their significance/implication as to audit procedures. Initiate new ideas and discuss with senior members/counterparts for their implementation/escalation for decision.