Audit Quality - Audit Stream Risk and Reporting - Director

Ideas People Trust

We're BDO. An accountancy and business advisory firm, providing the advice and solutions entrepreneurial organisations need to navigate today's changing world.

We work with the companies that are Britain's economic engine - ambitious, entrepreneurially-spirited and high growth businesses that fuel the economy - and directly advise the owners and management teams leading them.

We'll broaden your horizons

Audit quality is central to our strategy as an Audit Stream, the key ingredient to our success. Consistent high audit quality enables us to attract, develop and retain talented people and be proud of our work. Audit quality allows us to compete in the market and demonstrate that we can play a key role in market reform.

Consistently high audit quality does not happen by chance. It requires a mindset and culture of challenge and professional scepticism, appropriate resources (both people and intellectual), investment in central support for engagement teams and technology solutions. Within the last year we have increased our headcount significantly, invested in new partners, and commenced a significant investment programme in our Audit Quality Department.

We'll help you succeed

The work we do is underpinned by quality. We deliver audits which are trusted and transparent which can be relied upon by companies and their stakeholders.

You'll be someone who is comfortable working pro-actively and, managing your own tasks, as well as confident collaborating with others and communicating regularly with Senior Managers, Directors, and BDO's Partners. You'll help deliver accurate and transparent reporting to all relevant stakeholders as you provide long term value.

This is an opportunity for a talented, high performing and ambitious Director to join the Audit Stream Risk and Reporting team in the Audit Quality Department (AQD) in an exciting period. You will report into the Audit Stream Risk and Reporting team Partner and work closely with other members of the Audit Stream Risk and Reporting team as well as the other directors in the wider AQD team.

The Audit Stream Risk and Reporting team is a growing team and provides support to audit teams when audit risk and contractual issues emerge on audit engagements and with audit reporting matters. The role will include providing the teams with proactive support to resolve the issue and involving specialists from the wider AQD team when required. As part of this supportive and knowledgeable team, you'll have a chance to use and develop your technical skills to solve complex audit risk and reporting issues and contribute to the delivery of high-quality audits.

Responsibilities

• Lead in resolving complex audit stream risk and reporting issues that emerge, ensuring a detailed review of audit files is performed, when required, by the senior managers in the team to establish the nature and extent of the risk bringing in specialist support from the wider AQD team as required.
• Proactively identify wider risk issues and prevent such risks from crystalising by implementing policies, guidance and training to the audit stream.
• Proactively reviewing the policies and guidance around audit reporting.
• Providing oversight and technical support on complex audit reporting issues.
• Support the Audit Stream Risk and Reporting partner on reviewing and monitoring the highest risk audit engagements, known as the Close Monitored List.
• Provide oversight on other audit risks and contractual matters arising from the Audit Stream and ensuring they are satisfactorily resolved.
• Lead on projects to ensure that all processes and controls related to audit stream risk and reporting are correctly implemented to support a System of Quality Management, ensuring that any remediation points are addressed.
• Support RIs experiencing a challenging inspection or regulatory process.
• Contribute to audit quality initiatives led by the wider Audit Quality Improvement Team.

You'll be someone with:

• ACA or similar professional accountancy qualification.
• Recent audit experience at senior manager or director level working on PIE and listed audit engagements or performed an internal role to at least senior manager level on PIE and listed entities.
• Excellent practical and technical audit risk experience.
• Experience of non standard audit reports at either a practical or technical level.
• Ability to be objective and sceptical and to have confidence to challenge more senior members of an audit team.
• Ability to work both independently and collaboratively as part of a small team and able to use own initiative.
• Attention to detail.
• Excellent communication skills, both written and verbal, including an ability to communicate difficult messages.
• Takes personal responsibility and accountability for own work.
• An awareness of the UK regulatory requirements is useful but not essential.

You'll be able to be yourself; we'll recognise and value you for who you are and celebrate and reward your contributions to our business. We're committed to agile working, and we offer everyone the opportunity to work in ways that suit them, their teams, and the task at hand.

At BDO, we'll help you achieve your personal goals and career ambitions, and we have programmes, resources, and frameworks that provide clarity and structure around career development.

We're in it together

Mutual support and respect is one of BDO's core values and we're proud of our distinctive, people-centred culture. From informal success conversations to formal mentoring and coaching, we'll support you at every stage in your career, whatever your personal and professional needs.

Our agile working framework helps us stay connected, bringing teams together where and when it counts so they can share ideas and help one another. At BDO, you'll always have access to the people and resources you need to do your best work.

We know that collaboration is the key to creating value and satisfying experiences at work, so we've invested in state-of-the-art collaboration spaces in our offices. BDO's people represent a wealth of knowledge and expertise, and we'll encourage you to build your network, work alongside others, and share your skills and experiences. With a range of multidisciplinary events and dedicated resources, you'll never stop learning at BDO.

We're looking forward to the future

At BDO, we help entrepreneurial businesses to succeed, fuelling the UK economy. Our success is powered by our people, which is why we're always finding new ways to invest in you. Across the UK thousands of unique minds continue to come together to help companies we work with to achieve their ambitions.

We've got a clear purpose, and we're confident in our future, because we're adapting and evolving to build on our strengths, ensuring we continue to find the right combination of global reach, integrity and expertise. We shape the future together with openness and clarity, because we believe in empowering people to think creatively about how we can do things better.