Website EY
Position Summary:
The Professional Practice Directorate (PPD) is responsible for leading the maintenance and enhancement of quality in the assurance practice. This is achieved by keeping the firm up to date on assurance and audit matters, both external regulatory issues and internal developments, by developing and communicating relevant guidance and policies and by performing a consultation role to client teams.
This PPD manager will play a vital role in supporting the practice in achieving its quality and risk management ambitions, against the backdrop of an ever-changing FS market place and regulatory environment. This is an exciting opportunity to improve audit quality across the UK firm.
Key Responsibilities:
- Other audit quality/ risk management projects which may arise on an ad hoc basis, such as assisting in the organisation of the firm’s annual audit quality review process
- Review of acceptance and continuance of clients and engagements
- Making updates to financial service specific enablers and templates to reflect changes in methodology or regulatory guidance
- First level review of formal PPD consultations on significant auditing issues (such as accounts prepared on a basis other than going concern, financial statements prepared on different GAAP/GAAS basis)
- Responding to questions from individual audit teams on the application of the firm’s auditing methodology and risk management policies
- Reviewing and challenging risk management and regulatory reporting.
- Review of audit team rotation papers and compliance with rotation policy
Required Education & Experience:
- Excellent communication skills
- Chartered accountant (or equivalent)
- Experience in an FS environment or within a Big 4 professional services firm
- Experience of managing and delivering Assurance engagements, preferably in an FS environment
- Strong organisational and project management skills, including the ability to plan ahead and manage your time
- A reasonable knowledge of current assurance quality and risk management issues and understanding of recent accounting developments