Audit Quality - Practice Review Team Senior Manager

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.

This is an opportunity for talented, high performing and ambitious Senior Manager to join the Practice Review 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 Practice Review Team Partner and work closely with the Practice Review Team Director.

You'll be someone who is comfortable working pro-actively, 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.

The role will involve a combination of:

1. Internal quality monitoring - reviewing completed AQR in-scope and Not-AQR in-scope audits, assessing the quality of audit work and its compliance with auditing standards and the firm's internal policies and procedures, and discussing any quality findings with RIs and audit teams with a view to agreeing actions to achieve improvement.
2. Regulator review support - providing support to audit teams undergoing an external Regulator review (principally AQR) to help them navigate the requirements. You will review the selected audit file and support the team in responding to the Regulator's informal verbal queries, drafting written responses to the Regulator's formal queries and findings, including helping to develop the specific actions to address the findings raised.
3. Collating examples of audit quality findings and good practice to share with the audit stream.
4. Assisting with audit quality communications, including both presenting on calls and writing newsletter articles.
5. Taking part in root cause analysis investigations to help identify the cause of why findings arise.
6. Undertaking ad hoc audit quality projects, including thematic reviews, reviewing audit files where there has been a risk report and supporting the BDO International audit quality programme to drive audit quality improvements across the BDO International network.
7. Participation from time to time in other AQD activities.

You'll be someone with:

• ACA or similar professional accountancy qualification.
• Considers themselves an expert with regards to the UK auditing standards.
• Good knowledge of IFRS 15 and auditing long-term contracts is preferable.
• An awareness of the regulatory requirements in Jersey, Guernsey, Isle of Man or Ireland is useful but not essential.
• As this role will involve reviewing completed audit files in the scope of AQR review for quality purposes, experience as an audit manager is essential, and experience of AQR scope audits is preferable.
• Wide-ranging practical experience regarding the application of ISAs and audit methodology is essential; experience in IT auditing techniques would be an added advantage.

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.