Auditing Admin Specialist (Perth) - PERMANENT work from home, AUSSIE morning shift
Auditing Admin Specialist (Perth) - PERMANENT work from home, AUSSIE morning shift
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1-3years
$ 10 - 10
1 Vacancy
Job Description
This is a remote position.
Job Title: Auditing Admin Specialist
Industry: Accounting Firm
Employment Type: 30 hours per week (Part time)
Rate: TBD depending on candidate s exp
Summary of Key Responsibilities
- Conduct independent audits of financial statements in accordance with Australian Auditing Standards. Mostly under Associations Incorporation Act 2015 and Corporations (Aboriginal and Torres Strait Islander) Act 2006 as well as varying trust account audits (lawyers motor vehicle dealers etc).
- Undertaking planning field work and review of financial statements.
- Evaluate the effectiveness of clients internal controls and risk management processes.
- Prepare detailed audit reports outlining findings and recommendations.
- Research and application of financial reporting and assurance knowledge to address technical matters as well as staying abreast of changes in accounting and auditing standards.
- Liaise with Director to discuss audit outcomes and provide advisory services.
- Project management and addressing client requests and assistance on a timely basis (if and as required).
The candidate will have previous exposure to audit engagement for these types of entities. Ideally 5 years of Australian relevant experience. Independent knowledgeable and solution driven. Bonus creative in nature to update documents and templates in a client friendly and presentable manner.
Audit role
Here s a detailed breakdown of the tasks a Senior Auditor would typically be expected to perform on a not-for-profit (NFP) external audit engagement from planning through to reporting.
1. Planning Phase
A. Pre-Engagement Activities
- Review prior year audit files and financial statements.
- Understand the nature size and structure of the NFP (e.g. community org health education).
- Perform risk assessment procedures and fraud inquiries.
B. Understanding the Client
- Obtain knowledge of:
o Governance structure (Board Audit Committee)
- Purpose funding sources (e.g. grants donations service fees)
- Legal and regulatory requirements (ACNC Corporations Act Funding Agreements)
- Internal control environment
C. Risk Assessment and Audit Strategy
- Identify key risks:
- Determine materiality (quantitative qualitative considerations)
- Develop audit plan timing staff allocation and audit program
- Set timelines and agree on deliverables with management
2. Fieldwork / Execution Phase
A. Control Testing (if relying on controls)
- Test controls over:
o Payroll (incl. timesheets approvals SCHADS Award compliance)
- Procurement and payments (quotes approvals segregation of duties)
- Revenue processes (receipting bank reconciliations donor restrictions)
- Assess IT controls if systems used for finance are significant
B. Substantive Procedures
Revenue & Receivables
- Trace grants to funding agreements and ensure appropriate recognition per AASB 15 / AASB 1058
- Test donation receipts events and memberships
- Confirm restricted/unrestricted revenue classifications
- Check receivables ageing and bad debt provisions
Expenditure & Payables
- Sample and test invoices approvals coding to correct expense category
- Examine cut-off around year-end
- Test grant acquittal reports for alignment with actual expenditure
- Review related party transactions (e.g. Board reimbursements)
Payroll & Employee Provisions
- Recalculate annual leave and LSL provisions
- Review compliance with awards (e.g. SCHADS) or EBAs
- Test STP and superannuation payments
- Check for casual conversion terminations or contract changes
Assets & Liabilities
- Test additions and disposals of fixed assets
- Review impairment indicators for assets
- Bank reconciliations testing
- Reconcile grants in advance and unspent restricted funds
C. Analytical Review
- Perform ratio and trend analysis:
o Admin vs program expenditure
- Funding source dependencies
- Sustainability indicators (reserves surplus/deficit trends)
- Identify unusual fluctuations
3. Reporting Phase
A. Financial Report Completion
- Review draft financial statements for compliance with:
o AASs (esp. AASB 1058 AASB 124 AASB 1060 for Tier 2)
- ACNC/NFP reporting frameworks
- Funding agreement requirements
- Review notes disclosures:
o Related party disclosures
- Reserves and restrictions
- Key management personnel remuneration
- Agree financials to trial balance and working papers
- Perform subsequent events review
- Finalize audit adjustments and reclassifications with management
B. Governance & Management Reporting
- Prepare:
- Audit Completion Report (to Board/Audit Committee)
- Management Letter:
Control deficiencies
- Process improvement recommendations (e.g. procurement acquittals)
- Commentary on governance or policy gaps
C. Audit Opinion & Finalisation
- Final review of audit file for quality control
- Debrief Director and update internal templates or learning
audit, AASB, invoicing, payroll, financial reporting, bank reconciliation
Education
NA
Employment Type
Full Time
