Audit and Assurance Associate

Comp: Base $60K-$75K dependent upon experience

The Audit and Assurance Associate is an entry-level position in the audit department and a valuable opportunity for individuals aspiring to pursue a career in auditing and assurance. The position is responsible for assisting in the execution of audit engagements while gaining practical experience in auditing standards and procedures, developing technical skills, and contributing to the overall success of audit engagements under guidance.

This role involves collaborating closely with senior auditors and supervisors to conduct financial audits, assess internal controls, and ensure compliance with accounting standards and regulations.

Responsibilities

Audit Procedures:

• Assist in the planning and execution of audit engagements under the guidance of senior team members.
• Perform substantive testing, analytical procedures, and other audit procedures to verify the accuracy of financial information.
• Document audit evidence and workpapers in accordance with established standards.

Internal Control Assessment:

• Evaluate and test internal controls to ensure they are designed and operate effectively.
• Identify control deficiencies and communicate findings to senior team members.
• Participate in discussions about improving internal control processes.

Data Analysis:

• Utilize data analytics tools to extract and analyze financial data for anomalies or trends.
• Assist in developing and implementing data-driven audit procedures.
• Contribute to the identification of key data sources for audit testing.

Client Interaction:

• Interact with client personnel to gather information, understand business processes, and address inquiries.
• Maintain a professional and positive relationship with clients during audit fieldwork.
• Communicate audit findings and recommendations to clients under supervision.

Documentation and Reporting:

• Prepare clear and concise documentation of audit procedures performed and results obtained.
• Assist in the preparation of draft audit reports and findings.
• Collaborate with team members to ensure timely completion of audit documentation.

Professional Development:

• Participate in training sessions and professional development programs to enhance technical skills.
• Stay informed about changes in auditing standards, regulations, and industry best practices.
• Work towards obtaining professional certifications such as the Certified Public Accountant (CPA).

Skills/Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• Strong understanding of accounting principles and financial concepts.
• Excellent analytical and problem-solving skills.
• Effective communication and interpersonal skills.
• Ability to work collaboratively in a team environment.
• Proficient in Microsoft Office Suite, especially Excel.
• Detail-oriented, able to multitask and meet deadlines.
• Proficient in using auditing software.

Advantages of Working at the Company

They offer flexible work schedules, hybrid position, competitive compensation, and benefits, including profit sharing. Full-time Audit and Assurance Associate will be eligible for:

• Competitive salary – $60,000 and higher commensurate with experience
• Comp time for overtime hours
• Excellent benefits including health insurance
• Hybrid work schedule, with opportunity to work up to two days a week from home
• 401(k) plan, with company profit sharing
• Paid time off
• New hire onboarding and training

About the Company

Located in beautiful West Chester, Pennsylvania, the company is a leading independent accounting, tax and advisory services firm supporting businesses large and small, as well as high net worth individuals throughout the Greater Philadelphia region and across the country.

What attracts great people to the company?
They find smart professionals and invest in them to keep them happy and motivated, whether through establishing hybrid work arrangements or achieving a balance between work and family commitments. Their goal is to hire great people and retain them by allowing them to grow and prosper.

Their work is engaging, and our environment is welcoming, which has led to recognition including:

• Named one of the Top 25 CPA Firms in the Greater Philadelphia Region
• Best Places to Work in PA (2021)
• Accounting Today Best Firms to Work For (2022)