Audit Semi-Senior at KKCO East Africa

Job Purpose

Responsible for undertaking straight forward audits and all aspects of the statement of comprehensive income and statement of financial position in accordance with the International Standards on Auditing (ISAs). Accept responsibility for and effectively complete assignments in a timely manner.

Responsible to Audit Senior

Job Role Senior Audit Associate

Key Responsibilities Audit Performance (Ref. KKCO Audit Manual)

1. Accountancy Extract trial balance; draft financial statements on straight forward jobs; review/scrutinize books of account; including general ledger; prepare bank reconciliations.
   1. Document post audit journals.
   2. Draft financial statements as directed by team leader.
2. Paper-less audit (CCH) Thoroughly understand and use the CCH Pro audit software and accounting software.
3. Advanced computer capabilities.
4. Audit Administration Understand that quality audit execution is the responsibility of all (Quality means: Fit for use First Time)
5. Deal with planning memo and completion checklist as directed by assignment team leader.
6. Understand and apply the concept of materiality and audit risk.
7. Complete working paper to a high standard; adhere to the firm’s administrative procedures; prepare working papers that are informative, indexed, cross-referenced and can easily be understood and explained.
8. Understand importance of on job training experience and apply lessons learned.
9. Accept responsibility for and complete assigned tasks (by the senior) in a timely manner. Promptly report to the senior any problems experienced or discrepancies found.
10. Recording systems Write systems notes or draw flow charts on straight forward systems; read and understand flow-charts of complicated systems.
11. Internal Control Systems Evaluation (ICSE) and responding to weaknesses.
12. Understand distinction between reliance and non- reliance approach.
13. Understand the relationship between the assessment of internal accounting controls and audit tests; understand the purpose of the
14. Internal Control Systems Evaluation (ICSE) and be familiar with its format and method of completion.
15. Complete and evaluate ICSE of straight forward systems; assess weaknesses in the system and make sensible suggestions as to alternative audit steps.
16. Transactions tests Tailor a transaction programme in respect of straightforward systems and understand how to handle errors/scrutinise.
17. Carry out transactions tests, record the results and document
18. Computer auditing Carry out procedural tests on straightforward computerised accounting systems which have been flow-chart by more experienced staff; under supervision, perform the necessary audit work on the printouts; analyse a completed computer ICSE under supervision, carry out a complete transaction test programme of straight forward

Key Performance Indicators (KPI)

1. Quality as defined in KKCO Quality Control Manual.
2. Timeliness in audit completion, reviews, and reports.
3. Responsiveness to customer needs.
4. Good knowledge in use and application of CCH audit system.
5. Submission of timesheets
6. Training CPD requirements

Important Relationships

Establishing and leveraging a wide span of relationships, both internal and external to the firm is fundamental to the achievement of business objectives to facilitate synergies in areas not within own direct control.