Assurance Senior

About the role

The Assurance Senior will coordinate the day-to-day "in-charge" duties of planning, fieldwork and "wrap-up" to include preparing financial statements with disclosures, applying most areas of GAAP as necessary and documenting, validating, testing and assessing various control systems. This position acts as the client contact for basic questions and information and may be involved in reviews and agreed-up-on procedure engagements.

Responsibilities

• Control Environment: Applies knowledge and understanding of the collective effect of various factors on establishing or enhancing effectiveness, or mitigating the risks, of specific policies and procedures by:

  • Applying knowledge of transactional flow and key transactional cycles to complete audit work
  • Documenting, validating and assessing the design and operating effectiveness of the clients’ internal control system
  • Identifying and communicating suggested improvements to client internal controls and accounting procedures in an effort to reduce risk within the client organization
  • Supervising and reviewing the work of audit staff

• Gaap: Applies knowledge and understanding of governing principles; applying these principles to client transactions; and documenting and communicating an understanding and application of these principles by:

  • Communicating financial statement disclosure requirements to clients
  • Drafting complex sets of financial statements with disclosures
  • Recognizing and applying new pronouncements to client situations
  • Identifying, analyzing and discussing alternative generally accepted accounting principles with the Manager, Senior Manager and engagement partner and the client, as needed
  • Identifying complex accounting issues and bringing them to the attention of superiors for resolution

• SEC And PCAOB: Applies knowledge and understanding of SEC regulations and PCAOB guidelines, and documents and communicates the application of these principles by:

  • Reading and reviewing clients’ SEC filings, ensuring accuracy and completeness, and also ensuring that all financial information is documented in the workpapers and through appropriate testing
  • Preparing required communications to the Client and the Audit Committee
  • Planning and executing Section 404 internal control audits including obtaining an understanding of the control environment, designing test plans, evaluating deficiencies and assessing the overall financial reporting control environment

• Gaas: Applies knowledge and understanding of professional standards; application of the principles contained in professional standards; and the ability to document and communicate an understanding and application of professional standards on an engagement by:

  • Formulating and communicating the audit plan
  • Employing audit skepticism and determining when to reduce or expand testing
  • Utilizing BDO audit manuals as appropriate for the situation
  • Documenting deviations from BDO policy, with approval

• Methodology: Applies knowledge and application of BDO standards to guide effective and efficient delivery of quality services and products by:

  • Coordinating the day-to-day conduct of the audit plan by ensuring the field work is executed and completed as planned, in accordance with timetable, with Firm’s policies and procedures and within budget
  • Employing audit skepticism and determining when to reduce or expand testing
  • Utilizing BDO audit approach and methodologies, including tools and technology, to execute the audit
  • Identifying and proposing outcomes to critical issues

• Research: Applies methodology used to seek or maintain information from authoritative sources and to draw conclusions regarding a target issue based on the information by:

  • Utilizing of internal and external research tools and selecting methodology for routine research requests
  • Researching complex areas of accounting, forming an initial opinion on the correct treatment independently and considering and documenting the impact on the client and audit engagement
  • Documenting and organizing complicated findings in a usable format, based on information obtained from Accounting Research Manager, BDO Assurance Manual, Yahoo Finance, etc.
  • Assisting the engagement manager with gathering appropriate information about the business and information system, including the accounting system, to form an adequate basis for the preparation of the audit strategy
  • Developing the draft Audit Engagement Planning Memorandum, audit programs and budgets

• Other duties as required: Supervises the work assignments of Audit Associates

Qualifications, Knowledge, Skills and Abilities

• Bachelor’s degree in Accounting, Finance, Economics, or Statistics, required OR Bachelor’s degree in other focus area and CPA certification, required
• Master’s degree in Accountancy, preferred
• Two (2) or more years of prior relevant audit experience and/or public accounting, private industry accounting or consulting/professional services experience, required
• Prior basic supervisory experience, preferred

License/Certifications

• Eligible to sit for the CPA exams upon starting employment, required and actively pursuing completion of the exams, required
• CPA, preferred

Software Proficiency

• With the Microsoft Office Suite, preferred

Experience with assurance applications and research tools

• Preferred

Language

• N/A

Other Knowledge, Skills & Abilities

• Solid understanding and experience planning and coordinating the stages to perform an audit of a basic public and/or private company
• Knowledge of internal accounting controls and professional standards and regulations (GAAP, GAAS, Sarbanes-Oxley, etc)
• Strong verbal and written communication skills with the ability to adapt style and messaging to effectively communicate with professionals at all levels both within the client organization and the firm
• Superior analytical and diagnostic skills and ability to break down complex issues and implementing appropriate resolutions
• Solid project management skills

About Us

Join us at BDO, where you will find more than a career, you’ll find a place where your work is impactful, and you are valued for your individuality. We offer flexibility and opportunities for advancement. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to yourself, all while making a positive difference in the world. At BDO, our purpose of helping people thrive every day is at the heart of everything we do. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients, and our communities. BDO is proud to be an ESOP company, reflecting a culture that puts people first, by sharing financially in our growth in value with our U.S. team. BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization. BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well-being. The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewards benefits* offerings. The annual allocation to the ESOP is fully funded by BDO through investments in company stock and grants employees the chance to grow their wealth over time as their shares vest and grow in value with the firm’s success, with no employee contributions.