Audit Quality - Audit Stream Risk Management Senior Manager

Job Description

Ideas | People | TrustWere BDO. An accountancy and business advisory firm, providing the advice and solutions entrepreneurial organisations need to navigate todays changing world. We work with the companies that are Britains economic engine - ambitious, entrepreneurially-spirited and high-growth businesses that fuel the economy - and directly advise the owners and management teams leading them. Well broaden your horizons Audit quality is central to our strategy as an Audit Stream, the key ingredient to our success. Consistent high audit quality enables us to attract, develop and retain talented people and be proud of our work. Audit quality allows us to compete in the marketand demonstrate that we can play a key role in market reform. Consistently high audit quality does not happen by chance. It requires a mindset and culture of challenge and professional scepticism, appropriate resources both people and intellectual, investment in central support for engagement teams and technology solutions.Within the last year we have increased our headcount significantly, invested in new partners, and commenced a significant investment programme in our central quality support team. Well help you succeed The work we do is underpinned by quality. We deliver audits which are trusted and transparent which can be relied upon by companies and their stakeholders. Youll be someone who is comfortable working pro-actively and, managing your own tasks, as well as confident collaborating with others and communicating regularly with Senior Managers, Directors, and BDOs Partners. Youll help deliver accurate and transparentreporting to all relevant stakeholders as you provide long term value. This is an opportunity for talented, high performing and ambitious Senior Manager to join the Audit Stream Risk Management Team in the Audit Quality Directorate (AQD) in an exciting period and help to shape the role and the expanding team. You will report intothe Audit Quality Improvement Team Partner and work closely with Audit Stream Risk Management Team Director. The Audit Stream Risk Management Team is a new team and will provide support to audit teams when audit risk issues emerge. You will assist the audit team in resolving the issue to enable them to manage any reputational risks and consistently deliver high qualityaudits. The role will include performing detailed reviews of audit files, providing the teams with proactive support to resolve the risk issue and involving specialists from the legal team and wider AQD team when required. As part of this supportive and knowledgeableteam, youll have a chance to use and develop your technical skills and experience to risk solutions to complex audit risk issues and contribute to the delivery of high quality audits. The principal responsibilities for this role:

• Triage audit risks arising from the Audit Stream and ensuring they are satisfactorily resolved.
• Support the Director in resolving complex audit risk issues that emerge, including performing detailed review of audit files to establish the nature and extent of the risk bringing in specialist support from the legal team and wider AQD team as required.
• Support the Director in reporting audit risk issues to stakeholders so they have clear oversight of any significant risk and reputational issues that could impact the firm.
• Support on ad hoc investigations arising within the audit stream.
• Identity when firm wide action may be required and feed into the RCA and/or Actions Committee to ensure that any required remedial actions are taken to strengthen the System of Quality Management.
• Contribute to audit quality initiatives led by the wider Audit Quality Improvement Team.

Youll be someone with:

• ACA or similar professional accountancy qualification.
• Excellent practical and technical auditing experience, particularly on more complex audits.
• As this role will involve reviewing audit files for quality and risk purposes, experience as an audit manager is essential and experience of AQR scope audits is preferable.
• Wide-ranging practical experience regarding application of ISAs and audit methodology is essential.
• Ability to be objective and sceptical and to have confidence to challenge more senior members of an audit team.
• Ability to work both independently and collaboratively as part of a small team and able to use own initiative.
• Excellent communication skills, both written and verbal, including an ability to communicate difficult messages.
• An awareness of the UK regulatory requirements is useful but not essential.
• Previous audit risk experience is useful but not essential.

Youll be able to be yourself; well recognise and value you for who you are and celebrate and reward your contributions to our business. Were committed to agile working, and we offer everyone the opportunity to work in ways that suit them, their teams, andthe task at hand. At BDO, well help you achieve your personal goals and career ambitions, and we have programmes, resources, and frameworks that provide clarity and structure around career development. Were in it togetherMutual support and respect is one of BDOs core values and were proud of our distinctive, people-centred culture. From informal success conversations to formal mentoring and coaching, well support you at every stage in your career, whatever your personaland professional needs. Our agile working framework helps us stay connected, bringing teams together where and when it counts so they can share ideas and help one another. At BDO, youll always have access to the people and resources you need to do your best work. We know that collaboration is the key to creating value and satisfying experiences at work, so weve invested in state-of-the-art collaboration spaces in our offices. BDOs people represent a wealth of knowledge and expertise, and well encourage you to buildyour network, work alongside others, and share your skills and experiences. With a range of multidisciplinary events and dedicated resources, youll never stop learning at BDO. Were looking forward to the future At BDO, we help entrepreneurial businesses to succeed, fuelling the UK economy. Our success is powered by our people, which is why were always finding new ways to invest in you. Across the UK thousands of unique minds continue to come together to help companieswe work with to achieve their ambitions. Weve got a clear purpose, and were confident in our future, because were adapting and evolving to build on our strengths, ensuring we continue to find the right