The Assurance Manager is responsible for supervising, directing and reviewing the results through the delegation of tasks throughout the planning, field work and wrap-up stages of an Audit client engagement. In this role, the Assurance Manager is charged with marketing, networking and business development within an area of expertise, as well as the responsibility of ensuring engagement profitability involving billings and collections. Traditionally responsibilities of the Assurance Manager will include advising the client on various economic and regulatory risks within their industry, resolving complex accounting issues, apply GAAP and GAAS consistently within complex situations, writing technical consultation memos on GAAP / GAAS issues, and documenting, validating, testing and assessing various financial reporting control systems.
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.
o Applies a broad understanding of objectives and components of the overall control environment and organization, and supervisory controls
o Validates and assesses effectiveness of internal control over financial reporting
o Identifies and communicates to management and audit committee suggestions to improve client internal controls and accounting procedures
o Identify and delegates functions of the audit to the auditor in charge as deemed appropriate
o Supervise the work of audit team and review workpapers and conclusions preferably onsite during audit field work
o Provide on-the-job-training to the engagement staff during audit field work
Applies knowledge and understanding of governing principles; applying these principles to client transactions; and documenting and communicating an understanding and application of these principles.
o Identifies and consults with clients on the impact of new accounting pronouncements
o Monitors and communicates important professional, industry pronouncements
o Presents and discusses alternative generally accepted accounting principles and arguments for/against such alternatives
o Drafts complex financial statements and related footnote disclosures and effectively communicates these to client
o Identifies complex accounting issues and forms and documents resolution
o Knowledge in construction and not for profits desired
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.
o Applies a thorough knowledge of professional standards/practices, including GAAS and SSARs in performing and supervising work
o Provides guidance to others and affirms conclusions made by others
o Communicates matters required to be reported to the Audit Committee/Board and those charged with governance
o Applies the use of efficiency tools such as statistical sampling, CCH TeamMate, Accelerator, etc.
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