STATUTORY AUDIT

About the Role

• Statutory Audit role within the Assurance team.
• Focus on statutory audit assignments, reviewing financial statements, examining accounting records, performing audit procedures, testing internal controls, and preparing audit documentation.
• Gain exposure to client interactions, accounting standards, and statutory requirements.
• Work closely with experienced Managers and Partners.

Key Responsibilities

Audit Execution

• Assist in planning and executing statutory audit assignments.
• Understand client business processes and financial reporting systems.
• Perform audit procedures as assigned.
• Examine books of accounts, ledgers, schedules, and supporting documents.
• Perform substantive audit procedures and assist in testing financial statement balances and transactions.
• Perform analytical procedures and variance analysis.
• Assist in verification of assets, liabilities, income, and expenses.
• Prepare and maintain audit working papers.
• Identify unusual transactions or potential audit issues and escalate them to senior team members.

Financial Statement Review

• Assist in reviewing financial statements.
• Check compliance with applicable accounting standards.
• Review disclosures and supporting schedules.
• Understand the linkage between financial statements, ledgers, and supporting documentation.
• Assist senior team members in resolving financial reporting and accounting queries.

Internal Controls

• Understand client business processes and internal control environments.
• Assist in walkthroughs and control testing.
• Document process understanding and control observations.
• Identify control gaps and communicate them to the senior team.
• Support internal financial control-related audit procedures.

Client Interaction

• Coordinate with client finance teams for audit-related information.
• Follow up on pending schedules and supporting documents.
• Participate in client discussions under the supervision of senior team members.
• Maintain professional communication with client stakeholders.

Professional Development

• Develop practical knowledge of statutory audit and assurance.
• Build expertise in Ind AS and applicable Accounting Standards.
• Understand Standards on Auditing.
• Develop knowledge of the Companies Act and other relevant statutory requirements.
• Learn the organization's audit methodology and documentation standards.
• Participate in internal training and knowledge-sharing sessions.

Requirements & Tech Stack

• Chartered Accountant (CA) Qualified is mandatory.
• Freshly qualified Chartered Accountants are encouraged to apply.
• 0–1 years of relevant experience.
• Strong understanding of accounting principles and auditing concepts.
• Good analytical, problem-solving, and communication skills.
• Strong academic and professional credentials will be preferred.

Compensation & Benefits

• CTC up to ₹8.5 LPA.
• Opportunity to work on statutory audit and assurance assignments.
• Exposure to experienced Managers and Partners.
• Opportunity to build a strong foundation in audit and assurance.