The Senior Audit Executive/ Audit Manager (Statutory Audit)

The Audit Executive (Statutory Audit) will be responsible for conducting financial audits in compliance with applicable accounting and auditing standards. The role involves verifying financial statements, assessing internal controls, ensuring regulatory compliance, and identifying risks to enhance the accuracy and transparency of financial reporting.

Key Responsibilities:

Audit Planning & Execution

• Assist in planning and executing statutory audits for listed and private companies.
• Perform substantive testing and analytical procedures to verify financial statement assertions.
• Evaluate accounting policies, internal controls, and risk management frameworks.
• Identify misstatements, non-compliance with regulations, and areas of financial risk.

Financial Statement Review & Compliance

• Review financial statements to ensure compliance with Indian Accounting Standards (Ind AS), IFRS, Companies Act, and SEBI regulations.
• Verify tax compliance (Direct & Indirect) and statutory payments such as GST, TDS, and EPF.
• Ensure adherence to auditing standards (SA), SEBI (LODR), RBI, and other regulatory requirements.

Documentation & Reporting

• Prepare working papers, audit documentation, and audit reports with findings and recommendations.
• Assist in drafting reports on audit observations, financial irregularities, and process improvements.
• Maintain proper documentation as per SA 230 (Audit Documentation) and SA 315 (Risk Assessment).

Stakeholder Coordination

• Communicate with clients, auditors, and regulatory bodies to resolve audit queries.
• Collaborate with cross-functional teams to ensure the timely completion of audits.
• Assist in discussions with management on audit findings and recommendations.

Qualifications & Experience:

- Education: Qualified Chartered Accountant

- Experience: In statutory audit, assurance, or financial reporting.

- Technical Skills:

• Strong knowledge of Ind AS, IFRS, Companies Act, and Income Tax Act.
• Familiarity with CARO, SA 700 (Audit Reports), and SA 500 (Audit Evidence).
• Hands-on experience with audit tools and ERP systems (Tally, SAP, Oracle, etc.).
• Understanding of financial statement preparation, ledger scrutiny, and variance analysis.

Soft Skills:

- Strong analytical and problem-solving abilities.

- Excellent communication and report-writing skills.

- Attention to detail and ability to meet deadlines.

- Ability to work independently and as part of a team.

Additional Requirements:

- Willingness to travel for audits.

- Experience with listed company audits or large corporate audits is an advantage.