BDO USA
Experienced Audit Senior, State & Local Government
BDO USA, Washington, District of Columbia, us, 20022
Experienced Audit Senior, State & Local Government
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Experienced Audit Senior, State & Local Government
role at
BDO USA
Job Summary The State and Local Government (SLG) Experienced Audit Senior will be responsible for coordinating the day-to-day “in-charge” duties of planning, fieldwork, and "wrap-up" to include preparing financial statements with disclosures, applying most areas of GAAP as necessary, and documenting, validating, testing, and assessing various control systems. This position also acts as the client contact for basic questions and may be involved in reviews and agreed-upon procedure engagements.
Responsibilities Control Environment
Applies knowledge and understanding of the collective effect of various factors on establishing or enhancing effectiveness, or mitigating the risks, of specific policies and procedures
Works with the engagement manager for the day-to-day conduct of the audit work and for ensuring that the field work is executed and completed as planned, in accordance with timetable, Firm’s policies and procedures, and to budget
Applies knowledge of transactional flow and key transactional cycles to complete audit work
Documents, validates, and assesses effectiveness of internal control system
Determines and communicates improvements to client internal controls and accounting procedures
Supervises the work of audit staff and reviews workpapers and conclusions, explaining any shortcomings
GAAP
Applies knowledge and understanding of governing principles of Governmental Accounting Standards (GASB) and documents and communicates an understanding of these principles
Understands and effectively communicates GASB financial statement disclosure requirements to clients
Reviews Basic Financial Statements for State and Local Governments including Management’s Discussion and Analysis (MD&A), notes, and Required Supplementary Information for appropriateness
Identifies and applies new GASB pronouncements to client situations
Discusses alternative GASB accounting principles with managers and partners as necessary
Identifies complex accounting issues and brings them to superiors for resolution
GAAS/GAGAS
Applies knowledge of professional standards and documents and communicates an understanding of these standards on an engagement
Formulates and communicates the audit plan
Applies GAGAS to a variety of complex issues and consults others as appropriate
Applies audit skepticism and determines when to reduce or expand testing
Uses BDO audit manuals as appropriate for the situation
Documents deviations from BDO policy with approval
Looks for opportunities to suggest improvement to the company’s internal controls and prepares draft communication required by professional standards
Ensures compliance with engagement independence requirements and consults internally as needed
Reviews required communications to the client and relevant agencies for completeness and compliance with professional guidelines
Uniform Guidance
Applies knowledge of Uniform Guidance (UG) standards and documents and communicates an understanding of UG principles on an engagement
Makes selections of major programs consistent with UG standards
Develops audit strategies for direct and material compliance requirements for each major program
Executes and oversees audit strategy ensuring compliance with the UG standards and BDO policies and manuals
Identifies audit findings and communicates them with engagement manager and senior manager
Prepares written findings and facilitates collection of management corrective action plans for inclusion in the UG report
Methodology, Research, Project Management & Supervisory Responsibilities
Applies BDO standards and methodologies, including tools and technology, to execute the audit with quality, efficiency, and completeness
Identifies and proposes outcomes to critical issues
Applies methodology for research requests and draws conclusions using authoritative sources
Assists the engagement manager with gathering appropriate information about the business and information system
Coordinates timing of planning, fieldwork, and review with audit team and client and assists in budget development
Develops draft Audit Engagement Planning Memorandum and audit programs and budgets
Establishes responsibilities of individual audit staff for specific areas of audit work
Monitors and reports engagement budget to actual and advises of possible overruns
Supervises a team of audit professionals ranging in size from 1 to 5
Provides verbal and written performance feedback to associates
Teaches/coaches associates to provide on-the-job learning
Qualifications
Bachelor’s in Accounting or equivalent, required
Master’s degree in Accounting, preferred
Three (3) or more years prior work experience in public accounting, required
Prior supervisory experience, preferred
Experience with public sector entities and related organizations, preferred
Single audit experience, preferred
Actively pursuing CPA, required
Microsoft Office (Word, Excel, PowerPoint), required
Experience with assurance applications and research tools, required
Proven solid verbal and written communication skills
People development and delegation skills
Executive presence—primary client contact
Ability to "in-charge" all stages of the audit, including planning, fieldwork, and "wrap-up"
Ability to perform completion of an audit of a complex company
Ability to prepare and/or review financial statements with disclosures in accordance with GAAP requirements
Salary Individual salaries are determined based on numerous factors including qualifications, experience, skills, and geography.
National Range: $115,000 - $135,000 Maryland Range: $115,000 - $135,000 NYC/Long Island/Westchester Range: $115,000 - $135,000
Equal Opportunity Employer All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status. BDO USA, P.A. is an EO employer M/F/Veteran/Disability.
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Experienced Audit Senior, State & Local Government
role at
BDO USA
Job Summary The State and Local Government (SLG) Experienced Audit Senior will be responsible for coordinating the day-to-day “in-charge” duties of planning, fieldwork, and "wrap-up" to include preparing financial statements with disclosures, applying most areas of GAAP as necessary, and documenting, validating, testing, and assessing various control systems. This position also acts as the client contact for basic questions and may be involved in reviews and agreed-upon procedure engagements.
Responsibilities Control Environment
Applies knowledge and understanding of the collective effect of various factors on establishing or enhancing effectiveness, or mitigating the risks, of specific policies and procedures
Works with the engagement manager for the day-to-day conduct of the audit work and for ensuring that the field work is executed and completed as planned, in accordance with timetable, Firm’s policies and procedures, and to budget
Applies knowledge of transactional flow and key transactional cycles to complete audit work
Documents, validates, and assesses effectiveness of internal control system
Determines and communicates improvements to client internal controls and accounting procedures
Supervises the work of audit staff and reviews workpapers and conclusions, explaining any shortcomings
GAAP
Applies knowledge and understanding of governing principles of Governmental Accounting Standards (GASB) and documents and communicates an understanding of these principles
Understands and effectively communicates GASB financial statement disclosure requirements to clients
Reviews Basic Financial Statements for State and Local Governments including Management’s Discussion and Analysis (MD&A), notes, and Required Supplementary Information for appropriateness
Identifies and applies new GASB pronouncements to client situations
Discusses alternative GASB accounting principles with managers and partners as necessary
Identifies complex accounting issues and brings them to superiors for resolution
GAAS/GAGAS
Applies knowledge of professional standards and documents and communicates an understanding of these standards on an engagement
Formulates and communicates the audit plan
Applies GAGAS to a variety of complex issues and consults others as appropriate
Applies audit skepticism and determines when to reduce or expand testing
Uses BDO audit manuals as appropriate for the situation
Documents deviations from BDO policy with approval
Looks for opportunities to suggest improvement to the company’s internal controls and prepares draft communication required by professional standards
Ensures compliance with engagement independence requirements and consults internally as needed
Reviews required communications to the client and relevant agencies for completeness and compliance with professional guidelines
Uniform Guidance
Applies knowledge of Uniform Guidance (UG) standards and documents and communicates an understanding of UG principles on an engagement
Makes selections of major programs consistent with UG standards
Develops audit strategies for direct and material compliance requirements for each major program
Executes and oversees audit strategy ensuring compliance with the UG standards and BDO policies and manuals
Identifies audit findings and communicates them with engagement manager and senior manager
Prepares written findings and facilitates collection of management corrective action plans for inclusion in the UG report
Methodology, Research, Project Management & Supervisory Responsibilities
Applies BDO standards and methodologies, including tools and technology, to execute the audit with quality, efficiency, and completeness
Identifies and proposes outcomes to critical issues
Applies methodology for research requests and draws conclusions using authoritative sources
Assists the engagement manager with gathering appropriate information about the business and information system
Coordinates timing of planning, fieldwork, and review with audit team and client and assists in budget development
Develops draft Audit Engagement Planning Memorandum and audit programs and budgets
Establishes responsibilities of individual audit staff for specific areas of audit work
Monitors and reports engagement budget to actual and advises of possible overruns
Supervises a team of audit professionals ranging in size from 1 to 5
Provides verbal and written performance feedback to associates
Teaches/coaches associates to provide on-the-job learning
Qualifications
Bachelor’s in Accounting or equivalent, required
Master’s degree in Accounting, preferred
Three (3) or more years prior work experience in public accounting, required
Prior supervisory experience, preferred
Experience with public sector entities and related organizations, preferred
Single audit experience, preferred
Actively pursuing CPA, required
Microsoft Office (Word, Excel, PowerPoint), required
Experience with assurance applications and research tools, required
Proven solid verbal and written communication skills
People development and delegation skills
Executive presence—primary client contact
Ability to "in-charge" all stages of the audit, including planning, fieldwork, and "wrap-up"
Ability to perform completion of an audit of a complex company
Ability to prepare and/or review financial statements with disclosures in accordance with GAAP requirements
Salary Individual salaries are determined based on numerous factors including qualifications, experience, skills, and geography.
National Range: $115,000 - $135,000 Maryland Range: $115,000 - $135,000 NYC/Long Island/Westchester Range: $115,000 - $135,000
Equal Opportunity Employer All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status. BDO USA, P.A. is an EO employer M/F/Veteran/Disability.
#J-18808-Ljbffr