Audit Senior

Duties and Responsibilities:

Functional area: Accounting

• Monthly capturing of transactions into accounting software in order to account for indirect taxes.
• Capturing of transactions into accounting software in preparation for assurance/non-assurance engagements.
• Obtaining documentation from clients for the above tasks.
• Providing feedback to client
• Assisting with dispute resolution between client and SARS.

Functional area: Auditing/Review/Compilation

• Pre-engagement activities: Give input to audit budget, preparing audit file(electronic and physical), obtaining necessary documentation/information from the client in order to perform the engagement (if applicable), allocating tasks to the junior audit team (if applicable), ensuring management representation letter and engagement letters are on file, risk analysis and acceptance/not.
• Assist in managing the audit team during engagement ensuring resources are utilised efficiently, including time and travel arrangements.
• iii. Perform audit/review/compilation: Including statistical, analytical, substantive testing and drafting of annual financial statements/review of annual financial statements (where applicable).
• Peer review of work done by engagement team members and providing review notes.
• Follow up on review notes and finalise, including final audit journals.
• Draft report to those charged with governance, containing suggestions for
• improvement, concerns and general housekeeping.
• Liaise with engagement partner on outcome of engagement.

Functional area: Taxation

• Calculation of provisional tax
• Calculation and/or submission of returns for individuals and companies of indirect taxes (VAT, DWT) and direct taxes (PAYE, IT, CGT)
• Submission of supporting documentation/NOO/NOA to SARS.
• Contacting SARS and following up on disputes/refunds.

Training:

• Training/Assisting clerks with any questions/uncertainties during accounting/auditing/review/compilation/taxation tasks.
• Mentorship of those assigned and ensuring development plan is drawn up.
• Ensuring my own training is up to date by researching/reading relevant topics/material.

General: Administration

• Ensuring legal requirements w.r.t. CIPC/EAAB are complied with.
• Bill clients for work completed; follow up on invoices paid
• Ensure all relevant data is up to date and quality checked.
• Ensure all relevant data is stored electronically and physically.
• Ensure all relevant data is backed up regularly