An Audit Senior works under the supervision of Supervisor on particular engagements. Their main responsibility is to prepare the working papers in accordance with the firm and professional standard, as delegated by the senior. Their primary job is to ensure that they deliver quality services on a timely basis.
Major duties and responsibilities
Overall responsible for the audit as an in charge for medium and small clients. In case of large clients, act as semi senior.
Mentoring of Assistant, Associate, trainees & assist them with the office orientation
Involved in planning and strategy of the audit
Monitoring budgets of the engagements
Reporting including annual financial statements, managements letters, key features memoranda, etc.
Ensuring that all review notes are cleared
Analytical review of full financial statements
Consolidations (specific high risk areas)
Follow through to finalisation
Client relations interaction with client staff
Preparation and updating of system documentation
Preparation / completion of general file documents
Analytical Review (AR) of financial statements
Specifically focused on audit of key financial statement captions e.g.
Accounts payable (AP)
Accounts receivable, excluding the evaluation of the provision for doubtful debts
Fixed assets, excluding the assessment of capital work in progress and fixed policies when these audits are complex and more risky
Inventory, including the evaluation of the obsolescence provision
Investments, excluding complex financial instruments
Coaching, review and delegation of work performed by team members & ensure that the engagement reviews are completed within the given time
Updating of system documentation
Clearing review notes raised by the job in charge and mangers. Prior to management review conduct a thorough check on the working papers
Develop industry knowledge to complement functional skills
Compliance testing, including system work through
The audit of the clients statutory records, internal controls and consolidated accounts
Attending stock counts and the follow up of the counts
Participates in the pre engagement planning, with team members and client staff when needed. Discuss clients need/expectations, team roles, budgets and other things necessary to carry out the engagement.
Understand the clients business, products, performance and accounting policies.
Adhere to the KPMG code of conduct and all KPMG risk management policies and procedures
Perform effective wrap-up of engagement, assisting manager/partner after leaving the field, clearing all review notes, assisting manager with report issuance/concurring review process, placing files to disks/network and complying with document retention policy, binding and filing work papers in the office.
Bachelor in Commerce or Completed A levels or equivalent
ACCA – Should have completed a minimum of 9 papers (F1-F9)
CPA Complete 2 papers
ICAEW Complete Professional Stage
Work Experience Requirements
2yrs 3yrs and above post graduate experience
Knowledge in accounting concepts
KPMG was established in the Lower Gulf in 1973 and has grown to over 1,300 professionals, led by more than 90 partners and directors, across six regional offices. Over the last 40 years, KPMG has worked with leading industry players across the region, helping identify and manage risks and capitalize on opportunities – making us a preferred professional services provider.
We play a pivotal role in helping clients make their own success stories. At various stages of growth, our clients look to us for timely and independent advice. Our professionals are selected from a deep talent pool of industry specialists. They offer significant knowledge, local experience, and a client-focused approach and are integrated into a network of professionals working with KPMG firms around the world.