Audit Quality Director

Description:

McGinnis Loy Associates is proud to be working with a Top30 Accountancy Practice who are looking to strengthen their senior team with the appointment of an Audit Quality Director for their offices in Portsmouth, and very flexible working arrangements are available. Ideally for someone based around the South East / South Coast, the role is a unique opportunity for someone who is used to operating at a senior technical level within an audit practice team. Reporting to the Audit Quality & Compliance Partner, you will be a member of the Audit Committee and be internally focused as the position is not client facing – your customers are the firms Audit Partners. You will be accountable for all aspects of audit compliance across the firm, with the autonomy to develop best practice and enhance audit quality across a wide range of audit clients and sectors. Key duties include:

• Develop and introduce new audit guidance and templates in response to new auditing standards, emerging issues, and in response to internal and external review findings
• Provide effective communication on all aspects of audit compliance across the firm, undertaking hot and cold audit and assurance file reviews
• Co-ordinate the annual cold file review process with the external reviewer including discussing reviews with relevant Audit Partners/Managers, and presenting in the Annual Audit RI Debrief
• Effective root cause analysis and implementing measures to address any issues arising
• Reviewing, monitoring and assessment of the firm’s System of Quality Management under ISQM
• Primary liaison with ICAEW on audit compliance matters and managing regulatory visits, along with implementing recommendations.
• Overviewing the audit training needs and CPD requirements, compliance planning and performance of on-site audit due diligence visits for prospective acquisitions and mergers
• Reporting findings and making recommendations to the Audit Compliance Partner/Audit Committee as required