STATUTORY AUDIT

About the Role

This opportunity is ideal for freshly qualified Chartered Accountants (CA) looking to build a strong foundation in statutory audit, financial reporting, and assurance services.

Key Responsibilities

• Statutory Audit & Audit Execution
• Assist in planning and executing statutory audit assignments.
• Examine books of accounts, general ledgers, financial schedules, and supporting documents.
• Perform substantive audit procedures and test financial statement balances and transactions.
• Verify assets, liabilities, income, and expenses as part of audit procedures.
• Conduct analytical procedures and variance analysis.
• Identify unusual transactions or potential audit issues and escalate them.
• Prepare and maintain audit working papers and supporting documentation.
• Financial Statement Review
• Assist in reviewing financial statements for accuracy and completeness.
• Check compliance with applicable accounting standards.
• Review financial statement disclosures and supporting schedules.
• Understand the linkage between financial statements, ledgers, and supporting documentation.
• Assist senior team members in resolving accounting and financial reporting queries.
• Internal Controls & Compliance
• Understand client business processes and internal control systems.
• Assist in conducting process walkthroughs and control testing.
• Document process understanding, control observations, and identified gaps.
• Support internal financial control-related audit procedures.
• Develop practical knowledge of Standards on Auditing, Ind AS, applicable Accounting Standards, and relevant statutory requirements.
• Client Coordination & Documentation
• Coordinate with client finance teams to obtain audit-related information.
• Follow up for pending schedules, financial records, and supporting documents.
• Participate in client discussions under the supervision of senior team members.
• Maintain professional communication with client stakeholders.
• Ensure audit documentation is complete, organised, and prepared within timelines.
• Professional Development
• Develop practical expertise in statutory audit and assurance assignments.
• Learn audit methodologies, documentation standards, and professional practices.
• Build a strong understanding of financial reporting and audit requirements.
• Participate in internal training and knowledge-sharing sessions.

Key Deliverables

• Accurate and timely completion of assigned audit procedures.
• Proper preparation and maintenance of audit working papers.
• Effective review of financial statements and supporting schedules.
• Identification and documentation of audit observations and control gaps.
• Timely collection and verification of audit evidence.
• Effective coordination with client finance teams.
• Adherence to audit timelines, professional standards, and documentation requirements.

Requirements & Tech Stack

• Skills:
• Statutory Audit
• Audit Execution
• Audit Planning
• Financial Statement Analysis
• Financial Reporting
• Accounting Standards
• Ind AS
• Standards on Auditing
• Substantive Audit Procedures
• Audit Working Papers
• Internal Controls
• Control Testing
• Financial Reconciliation
• Variance Analysis
• Audit Documentation
• Companies Act
• Client Coordination
• Analytical Skills
• Attention to Detail
• Communication Skills
• Core Competencies:
• Strong accounting and financial reporting fundamentals.
• Analytical thinking and attention to detail.
• Ability to identify discrepancies and potential audit issues.
• Professional communication and client coordination skills.
• Strong documentation and organisational abilities.
• Commitment to professional standards and confidentiality.
• Ability to learn quickly and work effectively within an audit team.

Qualifications

• Chartered Accountant (CA) qualification is mandatory.
• Completion of CA articleship is mandatory.
• Freshly qualified CAs are encouraged to apply.
• Candidates awaiting CA Final results will not qualify unless specifically approved by the hiring team.
• Strong understanding of accounting principles and financial statements.
• Knowledge of statutory audit procedures, accounting standards, and Standards on Auditing.
• Understanding of internal controls, audit documentation, and financial reporting.
• Strong analytical, numerical, and problem-solving abilities.
• Good communication and interpersonal skills.
• Attention to detail and the ability to meet deadlines.
• Willingness to learn, work collaboratively, and coordinate with clients and senior team members.
• Strong academic and professional credentials will be preferred.

What we Offer

• CTC of up to ₹8 LPA.
• Opportunity to build a career in statutory audit and assurance.
• Exposure to financial statement audits, internal controls, and accounting standards.
• Guidance from experienced audit professionals.
• Opportunities for professional learning and development.