Audit Quality

Audit Quality - Audit Stream Risk Management Senior Manager page is loaded Audit Quality - Audit Stream Risk Management Senior Manager Apply locations London time type Full time posted on Posted 4 Days Ago job requisition id R14472

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 central quality support team.

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 talented, high performing and ambitious Senior Manager to join the Audit Stream Risk Management Team in the Audit Quality Directorate (AQD) in an exciting period and help to shape the role and the expanding team. You will report into the Audit Quality Improvement Team Partner and work closely with Audit Stream Risk Management Team Director.

The Audit Stream Risk Management Team is a new team and will provide support to audit teams when audit risk issues emerge. You will assist the audit team in resolving the issue to enable them to manage any reputational risks and consistently deliver high quality audits. The role will include performing detailed reviews of audit files, providing the teams with proactive support to resolve the risk issue and involving specialists from the legal team and 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 and experience to risk solutions to complex audit risk issues and contribute to the delivery of high quality audits.

The principal responsibilities for this role:

• Triage audit risks arising from the Audit Stream and ensuring they are satisfactorily resolved.
• Support the Director in resolving complex audit risk issues that emerge, including performing detailed review of audit files to establish the nature and extent of the risk bringing in specialist support from the legal team and wider AQD team as required.
• Support the Director in reporting audit risk issues to stakeholders so they have clear oversight of any significant risk and reputational issues that could impact the firm.
• Support on ad hoc investigations arising within the audit stream.
• Identity when firm wide action may be required and feed into the RCA and/or Actions Committee to ensure that any required remedial actions are taken to strengthen the System of Quality Management.
• Contribute to audit quality initiatives led by the wider Audit Quality Improvement Team.

You'll be someone with:

• ACA or similar professional accountancy qualification.
• Excellent practical and technical auditing experience, particularly on more complex audits.
• As this role will involve reviewing audit files for quality and risk purposes, experience as an audit manager is essential and experience of AQR scope audits is preferable.
• Wide-ranging practical experience regarding application of ISAs and audit methodology is essential.
• 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.
• Excellent communication skills, both written and verbal, including an ability to communicate difficult messages.
• An awareness of the UK regulatory requirements is useful but not essential.
• Previous audit risk experience 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.

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BDO UK provides tax, audit and assurance, advisory and business outsourcing service s. Our clients are Britain’s economic engine – ambitious, entrepreneurially-spirited and high‑growth businesses that fuel the economy - and the owners and management teams that lead them.

Our partners and staff are specialists in their fields and have a proactive, flexible approach to helping clients overcoming the challenges they face. We aim to be as innovative and entrepreneurial as our clients. Our approach and expertise are what help us deliver exceptional client service. 95% of our clients would recommend us.

We operate from 17 locations across the UK, covering all major business centres. We employ 7,500 people who are encouraged to bring their best selves to work; taking responsibility for their work and their relationships with clients. All our people share core values that underpin both our culture and the value that we bring to our clients. Our values are also reflected in continued focus on ESG.

Our firm is distinctive and we want to preserve and build on the strengths of our culture and the characteristics that make us both successful and different. We look for people from all kinds of backgrounds who share these same qualities.

BDO LLP is a key member of the BDO global network of public accounting, tax and advisory firms. The firms have representation in 16 4 countries, with 111,300 people working out of over 1,803 offices worldwide. That’s BDO and we are proud to be part of it. Being part of an integrated network of firms across the world provides us with myriad opportunities for success.

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