A Staff Audit Accountant performs the detail work of a financial audit under the supervision of a Senior Audit Accountant. Staff Audit Accountants will often start to direct small audits in their second year. It is expected that staff at this level can accomplish a large portion of the overall testing of an audit once trained. Additionally, strong communication skills are a necessity as this role will need to work through questions or audit issues with the client. A Staff Audit Accountant must also be able to document testing in way that is easily reviewed.
Holsinger Staff Audit Accountant Expectations:
A Staff Audit Accountant is expected to perform a variety of responsibilities.
These responsibilities will include:
- Ability to perform detailed processes and testing of balance sheet and income statement accounts. This list includes, but is not limited to the following:
- Control walk throughs and documentation
- Testing of cash & reconciliations to the Trial Balance
- Accounts Receivable
- Inventory observations/ Inventory analytical testing
- Prepaid Expenses
- Other Asset items
- Property, Plant and Equipment (Fixed assets)
- Notes Payable
- Accounts Payable
- Accrued and other Current Liabilities
- Income taxes (if applicable)
- Other Liabilities
- Drafting of various letters and communication; such as engagement letters, management representation letters, and SAS114P, SAS114C, and SAS115 letters.
- Knowledge of how to calculate a sample sizes
- Ability to Foot, Recalculate, Verify, Trace and Reference the financial statements
- Import, Export, Convert, Type
- Materiality calculation
- Working knowledge of the following software: Microsoft Office, CSA, SMART, PPC, and other audit related software.
Staff Audit Accountant Goals:
The goals of a Staff Audit Accountant are as follows:
- To obtain a complete understanding of the roles and responsibilities within a mid-size regional public accounting firm;
- Hone technical proficiency in GAAP, GAAS, GASB, and other state regulations and other pertinent technical guidance;
- Exemplify the firm’s core values through internal firm involvement, attitude and work ethic;
- Begin an effort to complete or complete CPA certification;
- Develop client rapport and relationships with clients which you have direct contact;
- Develop positive internal relationships with coworkers;
- Begin to develop a professional network, through which, current and future marketing/sales opportunities can be generated.