About the role
About the Company
Our client is a professional services firm supporting Australian businesses with audit, assurance, and financial reporting services. The firm works across a diverse portfolio of clients and is committed to delivering high-quality outcomes that meet Australian regulatory, accounting, and auditing standards. As part of their growing outsourced team, they are seeking an experienced Senior Audit and Financial Reporting Specialist to support audit engagements and financial reporting requirements for Australian entities.
Job Overview
The Senior Audit and Financial Reporting Specialist will be responsible for managing Australian audit engagements and financial statement preparation from planning through to completion. This role requires a strong understanding of Australian Auditing Standards (ASA), Australian Accounting Standards (AASB), and Australian regulatory requirements. The successful candidate will be capable of working independently, exercising sound professional judgment, and delivering high-quality audit and financial reporting work with minimal supervision.
Key Responsibilities
Audit Engagements
- Perform end-to-end audit engagements in accordance with Australian Auditing Standards (ASA).
- Prepare audit planning documentation, including risk assessments, materiality calculations, and audit programs.
- Conduct substantive testing, analytical procedures, and internal control testing.
- Identify and assess audit issues and their impact on financial statements.
- Prepare audit working papers and supporting documentation.
- Complete audit completion procedures, including subsequent events reviews and going concern assessments.
- Draft management letters and communicate audit findings to engagement teams.
- Prepare audit clearance files for manager and partner review.
- Prepare general purpose financial statements in accordance with Australian Accounting Standards (AASB).
- Prepare consolidated financial statements where applicable.
- Draft accounting policies, disclosures, notes to the financial statements, and supporting schedules.
- Prepare cash flow statements and financial statement reconciliations.
- Ensure compliance with Australian financial reporting and disclosure requirements.
- Research and document technical accounting treatments.
- Apply AASB and ASA requirements across audit and financial reporting engagements.
- Research and interpret complex accounting and auditing matters.
- Assess disclosure requirements and ensure compliance with applicable standards.
- Maintain current knowledge of Australian accounting, auditing, and regulatory developments.
- Exercise professional judgment in accordance with ethical and professional standards.
- Communicate professionally with Australian managers, partners, and client finance teams.
- Manage multiple audit and reporting engagements simultaneously.
- Review work completed by junior team members where required.
- Escalate technical issues and engagement risks appropriately.
- Contribute to audit quality improvements and process efficiencies.
