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Job Title: Assistant Manager – Audit & Assurance

Years of Experience: 3-6 years

Location: Mumbai

Department: Audit & Assurance

Reports to: Partner

Email Resume: [HIDDEN TEXT]

Connect with Ms. Uttara Srinivas (Human Resources) here.

About the Company

Bhuta Shah & Co. LLP is a fast-growing, multi-disciplinary Chartered Accountancy firm with a strong pan-India presence. Our practice spans Direct Tax & Regulatory, Transaction Advisory, Audit & Assurance, Indirect Tax, Corporate Finance, Due Diligence, Forensic, Outsourcing, Legal, Technology and Risk Consulting, etc.

Key Responsibilities:

1. Statutory Audit Execution

Execute statutory audits in accordance with Standards on Auditing (SAs).
Review financial statements and ensure compliance with Indian GAAP, Ind AS, IFRS, Companies Act, and applicable regulatory requirements.
Handle CARO reporting, audit documentation, and preparation of audit observations/reports.
Perform risk assessment, substantive testing, and evaluation of internal financial controls (IFC).
Coordinate with client stakeholders for audit queries, schedules, and issue resolution.
Assist in finalization of accounts, reporting packages, and group reporting requirements.
Review and guide junior team members to ensure timely completion of engagements.

2. Financial Reporting & Compliance

Verify compliance with applicable accounting standards, Companies Act requirements, and financial reporting frameworks.
Review financial statements, schedules, notes to accounts, and annual reports.
Identify accounting inconsistencies, reporting gaps, and compliance issues.
Assist clients in implementing audit recommendations and corrective actions.

3. Risk Assessment & Internal Controls

Understand business processes and evaluate internal control systems.
Identify financial and operational risks impacting audit engagements.
Conduct walkthroughs and control testing across key business cycles.
Report internal control weaknesses and recommend process improvements.

4. Client Coordination & Stakeholder Management

Coordinate with client finance teams for audit data, schedules, and clarifications.
Handle audit queries and communicate observations professionally.
Maintain strong client relationships and ensure timely resolution of issues.
Participate in discussions with senior management regarding audit findings.

5. Audit Documentation & Reporting

Prepare and maintain audit working papers and supporting documentation.
Ensure audit files are complete, accurate, and compliant with firm standards.
Draft audit observations, management letters, and audit reports.
Support managers and partners during audit reviews and finalization.

6. Team Collaboration & Supervision

Guide articles/associates during audit execution.
Review junior team members work for quality and accuracy.
Ensure timely completion of assigned tasks and adherence to engagement deadlines.
Contribute to team learning and knowledge-sharing initiatives.

7. Process Improvement & Quality Assurance

Identify opportunities to improve audit efficiency and controls.
Ensure adherence to internal audit methodologies and quality standards.
Stay updated with changes in accounting, auditing, and regulatory requirements.

Key Performance Indicators (KPIs)

Timely completion of audit engagements
Quality and accuracy of audit documentation
Compliance with audit and accounting standards
Client satisfaction and responsiveness
Identification of audit issues and risk areas
Effective coordination and team management

Qualifications & Skills:

Qualified CA with 2–4 years of experience in statutory audit.
Strong knowledge of accounting standards, auditing standards, and financial reporting.
Experience in handling audits independently.
Proficiency in MS Excel and audit documentation tools.
Good analytical, communication, and stakeholder management skills.

Statutory Audit - Assistant Manager