Audit Associate

5 days ago


Sioux Falls, South Dakota, United States ELO CPA & ADVISORS Full time
Job Description

ELO CPAs & Advisors is a leading provider of accounting and business services, dedicated to delivering exceptional client care and utilizing cutting-edge tools and techniques to meet the evolving needs of our clients.

As a key member of our audit team, you will play a crucial role in executing audit engagements and ensuring compliance with accounting standards and regulations. You will work closely with our experienced audit professionals to deliver high-quality audit services to our diverse clientele.

Key Responsibilities:

Audit Execution:

• Assist in planning and performing audit procedures in accordance with auditing standards.

• Conduct preliminary research on the client's business, industry, and regulatory requirements.

• Conduct audits of financial statements, internal controls, and compliance with laws and regulations.

• Prepare and maintain audit budgets.

• Perform audit procedures, including walkthroughs, testing of controls, and substantive testing.

• Gather and analyze data to detect deficiencies in controls, duplication of effort, fraud, or non-compliance with laws, regulations, and management policies.

• Ensure the organization is compliant with current legislation and best practices.

• Document audit findings and prepare work papers by firm standards.

Client Interactions:

• Maintain professional relationships with clients to enhance client satisfaction.

• Communicate effectively with clients to gather information and resolve audit issues.

• Participate in meetings with clients to discuss audit results and recommendations.

• Knowledgeably answer client audit queries in a timely manner.

Documentation & Reporting:

• Prepare audit workpapers and documentation that are thorough, accurate, and compliant with firm standards.

• Draft audit reports and management letters for review by the audit manager/practice leader.

• Assist in the preparation of financial statements and related disclosures.

Team Collaboration:

• Work collaboratively with team members to achieve audit objectives.

• Provide guidance and support to fellow audit associates and interns as needed.

• Participate in team meetings and contribute to continuous improvement initiatives.

• Support the audit team in their daily functions.

• Assist in building internal auditing systems and ensuring correct application.

Professional Development:

• Stay updated on current accounting and auditing developments and industry trends.

• Pursue relevant certifications (e.g., CPA) and participate in professional training and development opportunities.

Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field. A Master's degree is a plus.

• CPA certification or progress toward obtaining a CPA is highly desirable.

• Experience in public accounting or a related field.

• Familiarity with accounting software.

Working Conditions:

• Office environment with occasional travel to client sites.

• May require extended hours during the busy season.


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