An audit manager plays a crucial role in public accounting firms, ensuring that financial statements and other critical information are accurately reported. As a leader of a team of auditors, an audit manager oversees the entire audit process, from planning to completion. They are responsible for ensuring that audits are performed in accordance with established accounting standards, laws, and regulations. Additionally, audit managers are responsible for ensuring that their team meets deadlines, budgets, and quality standards, while also maintaining strong relationships with clients.
The demand for audit managers in Markham, Canada, is growing as the city’s economy continues to thrive. With the increasing number of businesses and industries in Markham, there is a significant need for accounting professionals who can perform audits and provide critical financial insights. Public accounting firms in Markham require audit managers who possess strong leadership skills, attention to detail, excellent communication skills, and an ability to manage multiple tasks effectively. As such, individuals with experience in public accounting and a passion for financial analysis are encouraged to explore the audit manager positions available in Markham.
In their hunt for a CPA to join their audit team, TorontoJobs.ca has teamed with a client in Markham. They are a Markham-based mid-sized organization that provides accounting, tax, assurance, and other related services to businesses and individuals.
Primary responsibilities will include :
Auditing both Canadian and US public corporations listed on the TSX and the PCAOB, as well as private and non-profit clients
From start to finish, leading and executing a thorough audit
Corporate income tax returns are prepared.
Consolidation accounting preparation
Ability to manage numerous client files at the same time
Job Requirements for Audit Manager :
A bachelor’s degree in accounting and a CPA certification is required.
3+ years of auditing experience with a Canadian public accounting firm, with a concentration on audits of public corporations; experience as a senior accountant or supervisor for at least one year
Experienced in management and ready to take on a leadership role
Responsible for completing complicated engagements, including developing audit schedules for all audit files and preparing audit plans for each file.
Strong time management abilities, including the ability to multitask, manage people, and fulfill deadlines.
Capacity to work hard to satisfy expectations and take on challenges in high-pressure situations; ability to operate in a fast-paced environment
Experience with Case ware auditing is a bonus.
Ability to recognize important issues with ease Exceptional written and verbal communication abilities in English
Excellent attention to detail, as well as the ability to quickly learn and adapt to new situations.
In conclusion, the role of an audit manager is vital to the success of public accounting firms in Markham, Canada, and beyond. As the economy grows, the demand for skilled accounting professionals who can provide critical financial insights will continue to rise. Audit managers are responsible for ensuring that financial statements are accurately reported, audits are conducted in accordance with established standards, and deadlines and budgets are met. As such, individuals who possess strong leadership skills, attention to detail, and an ability to manage multiple tasks effectively are well-suited to pursue a career as an audit manager in Markham’s thriving business community. With the right experience and qualifications, candidates can thrive in this exciting and rewarding role.
Q1. What are the primary responsibilities of an audit manager?
A1. The primary responsibilities of an audit manager are to plan and execute audits, manage the audit team, oversee the audit process, ensure compliance with laws and regulations, and communicate the audit results to management.
Q2. What skills and qualifications are required to become an audit manager?
A2. To become an audit manager, one needs to have a bachelor’s or master’s degree in accounting or a related field, several years of auditing experience, excellent analytical and communication skills, and a professional certification such as CPA or CIA.
Q3. What are some common challenges faced by audit managers?
A3. Some common challenges faced by audit managers include managing a diverse team, navigating complex regulations and laws, dealing with difficult clients, staying up-to-date with new technology, and effectively communicating audit results to stakeholders.
Q4. How can an audit manager ensure that audits are conducted effectively and efficiently?
A4. An audit manager can ensure that audits are conducted effectively and efficiently by developing a detailed audit plan, setting clear objectives and timelines, providing adequate resources and training to the audit team, maintaining open communication, and regularly monitoring the audit progress.
Q5. What is the importance of the audit function in organizations?
A5. The audit function is important in organizations because it provides an independent and objective assessment of the organization’s financial and operational processes, helps identify and mitigate risks, ensures compliance with laws and regulations, and enhances the credibility of financial statements and other reports.