Job Description
The Assurance Senior will be responsible for coordinating the day‑to‑day “in‑charge” duties of planning, fieldwork and “wrap‑up” to include the preparing of financial statements with disclosures, applying most areas of GAAP as necessary and documenting, validating, testing and assessing various control systems. This position is also responsible for acting as the client contact for basic questions and information 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.
- Applies knowledge of transactional flow and key transactional cycles to complete audit work.
- Documents, validates and assesses the design and operating effectiveness of the client’s internal control system.
- Identifies and communicates suggested improvements to client internal controls and accounting procedures in an effort to reduce risk within the client organization.
- Supervises and reviews the work of audit staff.
GAAP
- Applies knowledge and understanding of governing principles; applying these principles to client transactions; and documenting and communicating an understanding and application of these principles.
- Communicates financial statement disclosure requirements to clients.
- Drafts complex sets of financial statements with disclosures.
- Recognizes and applies new pronouncements to client situations.
- Identifies, analyzes and discusses alternative generally accepted accounting principles with the Manager, Senior Manager and engagement partner and the client, as needed.
- Identifies complex accounting issues and brings them to the attention of superiors for resolution.
- Coaches less experienced team members in new areas.
SEC And PCAOB
- Applies knowledge and understanding of SEC regulations and PCAOB guidelines, and documents and communicates the application of these principles.
- Reads and reviews clients’ SEC filings, ensuring accuracy and completeness, and also ensuring that all financial information is documented in the workpapers and through appropriate testing.
- Prepares required communications to the client and the Audit Committee.
- Plans and executes Section 404 internal control audits, including obtaining an understanding of the control environment, designing test plans, evaluating deficiencies and assessing the overall financial reporting control environment.
GAAS
- Applies knowledge and understanding of professional standards; application of the principles contained in professional standards; and the ability to document and communicate an understanding and application of professional standards on an engagement.
- Formulates and communicates the audit plan.
- Applies GAAS to a variety of complex issues and consults others as appropriate.
- Employs audit skepticism and determines when to reduce or expand testing.
- Utilizes BDO audit manuals as appropriate for the situation.
- Documents deviations from BDO policy, with approval.
Methodology
- Applies knowledge and application of BDO standards to guide effective and efficient delivery of quality services and products.
- Coordinates the day‑to‑day conduct of the audit plan by ensuring the field work is executed and completed as planned, in accordance with timetable, with Firm’s policies and procedures and within budget.
- Applies BDO audit approach and methodologies, including tools and technology, to execute the audit.
- Identifies and proposes outcomes to critical issues.
Research
- Applies methodology used to seek or maintain information from authoritative sources and to draw conclusions regarding a target issue based on the information.
- Utilizes internal and external research tools and selects methodology for routine research requests.
- Researches complex areas of accounting, forming an initial opinion on the correct treatment independently and considering and documenting the impact on the client and audit engagement.
- Documents and organizes complicated findings in a usable format, based on information obtained from Accounting Research Manager, BDO Assurance Manual, Yahoo Finance, etc.
- Assists the engagement manager with gathering appropriate information about the business and information system, including the accounting system, to form an adequate basis for the preparation of the audit strategy.
- Develops the draft Audit Engagement Planning Memorandum, audit programs and budgets.
- Collaborates with the engagement manager to establish the responsibilities of individual audit staff for specific areas of audit work.
- Other duties as required.
Supervisory Responsibilities
- Provides verbal and written performance feedback to Audit Associates.
- Supervises the work assignments of Audit Associates within the assigned engagement team.
Education
- Bachelor’s degree in Accounting, Finance, Economics, or Statistics, required OR Bachelor’s degree in other focus area and CPA certification, required.
- Master’s degree in Accountancy, preferred.
Qualifications, Knowledge, Skills and Abilities
- Bachelor’s degree in Accounting, Finance, Economics, or Statistics, required OR Bachelor’s degree in other focus area and CPA certification, required.
- Master’s degree in Accountancy, preferred.
Experience
- Two (2) or more years of prior relevant audit experience and/or public accounting, private industry accounting or consulting/professional services experience, required.
- Prior basic supervisory experience, preferred.
License/Certifications
- Eligible to sit for the CPA exams upon starting employment, required and actively pursuing completion of the exams, required.
- CPA, preferred.
Software
- Proficiency with the Microsoft Office Suite, preferred.
- Experience with assurance applications and research tools, preferred.
Language
Other Knowledge, Skills & Abilities
- Solid understanding and experience planning and coordinating the stages to perform an audit of a basic public and/or private company.
- Knowledge of internal accounting controls and professional standards and regulations (GAAP, GAAS, Sarbanes‑Oxley, etc.).
- Strong verbal and written communication skills with the ability to adapt style and messaging to effectively communicate with professionals at all levels both within the client organization and the firm.
- Ability to successfully multi‑task while working independently and within a group environment.
- Superior analytical and diagnostic skills and ability to break down complex issues and implementing appropriate resolutions.
- Ability to work in a demanding, deadline‑driven environment with a focus on details and accuracy.
- Solid project management skills.
Pay and Benefits
- California: $88,000 – $105,000
- Colorado: $80,000 – $85,000
- Illinois: $82,000 – $90,000
- Maryland: $78,000 – $93,000
- Minnesota: $76,000 – $82,000
- Massachusetts: $81,500 – $90,000
- New Jersey: $80,000 – $95,000
- NYC/Long Island/Westchester: $80,000 – $115,000
- Ohio: $75,000 – $82,000
- Washington: $82,000 – $95,000
- Washington DC: $80,000 – $100,000
About Us
Join us at BDO, where you will find more than a career, you’ll find a place where your work is impactful, and you are valued for your individuality. We offer flexibility and opportunities for advancement. Our culture is centered around making meaningful connections, approaching interactions with curiosity, and being true to yourself, all while making a positive difference in the world.
At BDO, our purpose of helping people thrive every day is at the heart of everything we do. Together, we are focused on delivering exceptional and sustainable outcomes and value for our people, our clients, and our communities. BDO is proud to be an ESOP company, reflecting a culture that puts people first, by sharing financially in our growth in value with our U.S. team. BDO professionals provide assurance, tax and advisory services for a diverse range of clients across the U.S. and in over 160 countries through our global organization.
BDO is the first large accounting and advisory organization to implement an Employee Stock Ownership Plan (ESOP). A qualified retirement plan, the ESOP offers participants a stake in the firm’s success through beneficial ownership and a unique opportunity to enhance their financial well‑being. The ESOP stands as a compelling addition to our comprehensive compensation and Total Rewards benefits* offerings. The annual allocation to the ESOP is fully funded by BDO through investments in company stock and grants employees the chance to grow their wealth over time as their shares vest and grow in value with the firm’s success, with no employee contributions.
We Are Committed To Delivering Exceptional Experiences To Middle Market Leaders By Sharing Insight‑driven Perspectives, Helping Companies Take Business As Usual To Better Than Usual. With Industry Knowledge And Experience, a Breadth And Depth Of Resources, And Unwavering Commitment To Quality, We Pride Ourselves On
- Welcoming diverse perspectives and understanding the experience of our professionals and clients
- Empowering team members to explore their full potential
- Our talented team who brings varying skills, knowledge and experience to proactively help our clients navigate an expanding array of complex challenges and opportunities
- Celebrating ingenuity and innovation to transform our business and help our clients transform theirs
- Focus on resilience and sustainability to positively impact our people, clients, and communities
- BDO Total Rewards that encompass so much more than traditional “benefits”. Click here to find out more!
- Benefits may be subject to eligibility requirements.
Equal Opportunity Employer, including disability/vets
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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