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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.
