Audit Supervisor

Found in: Whatjobs AE C2 - 1 week ago

dubai, United Arab Emirates AlAlamein International University Full time
Job Description

As an Audit Supervisor, you will be responsible for overseeing and managing external audit engagements for clients across various industries. You will lead a team of auditors in conducting independent examinations of financial statements, internal controls, and compliance with regulatory requirements. Your role is critical in providing assurance to stakeholders, including shareholders, investors, and regulatory authorities, regarding the accuracy and reliability of financial reporting.


Key Responsibilities:


1. Lead External Audit Engagements:


  • Manage and coordinate all aspects of external audit engagements, including planning, execution, and reporting, in accordance with auditing standards and regulatory requirements.
  • Allocate resources effectively, assign tasks to audit team members, and oversee their work to ensure timely completion and adherence to quality standards.
  • Review audit workpapers, documentation, and audit findings to ensure accuracy, completeness, and compliance with professional standards.

2. Risk Assessment and Audit Planning:


  • Conduct risk assessments to identify significant audit areas and develop comprehensive audit plans tailored to each client's specific risks and objectives.
  • Collaborate with clients, understanding their business operations, industry dynamics, and regulatory environment to tailor audit approaches and procedures accordingly.
  • Determine materiality thresholds, audit scope, and sampling methodologies based on assessed risks and regulatory requirements.

3. Financial Statement Audits:


  • Perform detailed examinations of financial statements, including balance sheets, income statements, and cash flow statements, to assess their accuracy and compliance with applicable accounting standards (e.g., GAAP, IFRS and ISA).
  • Evaluate the effectiveness of internal controls over financial reporting (ICFR) and identify deficiencies or weaknesses that may impact financial statement assertions.
  • Document and communicate audit findings, including significant accounting issues, to management and audit committees, providing clear and actionable recommendations.

4. Regulatory Compliance and Reporting:


  • Ensure compliance with regulatory requirements, including statutory reporting obligations, specifically with RERA, SEC (Securities and Exchange Commission) filings, and other applicable regulations (e.g., SOX compliance) (will be an added advantage).
  • Prepare and review audit reports, Management letters, letters of recommendation, and other communication to clients, regulators, and stakeholders, summarizing audit findings, conclusions, and recommendations.
  • Assist clients in addressing regulatory inquiries (e.g. RERA and ADM), responding to group auditor's requests, and implementing remediation plans for identified deficiencies or non-compliance issues.

5. Client Relationship Management:


  • Build and maintain strong relationships with client management, serving as a trusted advisor on audit-related matters and providing value-added insights and recommendations.
  • Proactively identify opportunities to enhance client service delivery, streamline audit processes, and improve audit quality through continuous feedback and collaboration.
  • Address client concerns, resolve conflicts, and escalate issues as appropriate to ensure client satisfaction and retention.

6. Team Development and Training:


  • Provide leadership, guidance, and mentorship to audit staff, fostering a culture of professional growth, excellence, and teamwork.
  • Conduct performance evaluations, provide constructive feedback, and support the career development of audit team members.
  • Facilitate training sessions, workshops, and knowledge-sharing initiatives to enhance technical skills, industry knowledge, and audit proficiency within the team.

Qualifications:


  • Qualified Chartered Accountant
  • 5+ years experience in external auditing, preferably with a public accounting firm.
  • Thorough understanding of auditing standards, accounting principles, and regulatory requirements applicable to external audits (e.g., IFRS, IAS and ISAs; PCAOB standards, SEC rules (will be an added advantage).
  • Proficiency in audit software tools (particularly in Caseware), data analytics, and Microsoft Office suite (Excel, Word, PowerPoint).
  • Strong analytical, problem-solving, and critical thinking skills with attention to detail and accuracy.
  • Excellent communication and interpersonal skills, with the ability to interact effectively with clients, audit team members, and stakeholders at all levels.
  • Proven leadership abilities, including experience in leading audit engagements, managing teams, and prioritizing competing demands.
  • Commitment to upholding professional ethics, integrity, and independence in all aspects of audit engagements.

Job Requirements null #J-18808-Ljbffr

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