Associate - Statutory Audit

• *Job Summary**

We are looking for a detail\-oriented and motivated Statutory Audit Associate with 1–2 years of hands\-on experience in statutory audits, preferably gained while working with a Chartered Accountant (CA) firm. The ideal candidate should have practical exposure to statutory audits of manufacturing companies, including both listed and unlisted entities.

The candidate will be responsible for supporting audit planning and execution, verifying financial statements, performing vouching and ledger scrutiny, evaluating internal controls, and ensuring compliance with applicable accounting standards, auditing standards, and statutory requirements. This role offers an opportunity to gain deeper exposure to manufacturing\-sector audits and strengthen technical expertise in financial reporting and audit procedures.

• *Key Responsibilities**

• Assist in planning and executing statutory audits for manufacturing companies in accordance with applicable auditing standards and regulatory requirements.
• Perform detailed verification of financial statements, including the balance sheet, statement of profit and loss, and supporting schedules.
• Conduct vouching and verification of purchase, sales, expense, revenue, and other financial transactions against relevant supporting documents.
• Perform ledger scrutiny, review journal entries, and identify unusual transactions, discrepancies, or potential errors.
• Verify key manufacturing\-related accounts, including inventory, raw materials, work\-in\-progress, finished goods, fixed assets, depreciation, production expenses, and cost\-related accounts.
• Assist in inventory verification and evaluate inventory valuation methods in accordance with applicable accounting standards.
• Review internal financial controls and assess the adequacy of internal control procedures relevant to financial reporting.
• Verify bank balances, bank reconciliations, receivables, payables, loans, provisions, and other balance sheet items.
• Check compliance with applicable Accounting Standards (AS), Indian Accounting Standards (Ind AS), and relevant auditing standards, as applicable to the client.
• Assist in the preparation and maintenance of audit working papers, audit schedules, supporting documentation, and audit evidence.
• Identify audit observations, discrepancies, and potential risks, and communicate findings to the audit senior or manager.
• Support the preparation of audit reports, management letters, and other audit\-related documentation.
• Coordinate with client finance and accounts teams to obtain required documents, clarifications, and supporting information.
• Maintain proper audit documentation and ensure timely completion of assigned audit procedures.
• Assist with audit assignments for both listed and unlisted companies, as per the firm's client portfolio.

• *Required Skills and Expertise**

• Practical experience in statutory audits, preferably within a CA firm.
• Hands\-on exposure to statutory audits of manufacturing companies.
• Experience handling audit assignments for both listed and unlisted companies.
• Good understanding of audit planning, audit procedures, vouching, verification, and ledger scrutiny.
• Knowledge of financial statement verification and basic financial reporting principles.
• Understanding of inventory valuation, fixed assets, depreciation, and manufacturing\-related financial transactions.
• Familiarity with applicable Accounting Standards, Ind AS, and Standards on Auditing, as relevant to the assignment.
• Basic understanding of internal controls, audit evidence, and compliance requirements.
• Ability to identify discrepancies, analyse financial data, and maintain accurate audit documentation.
• Good working knowledge of MS Excel and accounting or audit documentation tools.
• Strong analytical skills, attention to detail, and a methodical approach to work.
• Good written and verbal communication skills.
• Ability to work collaboratively with audit teams and meet assignment deadlines.

• *Preferred Candidate Profile**

• Candidates currently working with Chartered Accountant (CA) firms are preferred.
• Candidates with 1–2 years of relevant statutory audit experience are encouraged to apply.
• Practical experience auditing manufacturing\-sector clients is essential.
• Exposure to both listed and unlisted companies is mandatory.
• Candidates should have a clear understanding of core audit procedures and be comfortable working with financial records and supporting documentation.
• CA Inter\-qualified candidates, graduates in Commerce, or candidates with a relevant accounting or finance qualification may be considered, depending on their practical audit experience and the firm's eligibility criteria.

Pay: ₹1,000,000\.00 \- ₹1,200,000\.00 per year

Application Question(s)

• Do you have experience of both listed and unlisted companies?
• Do you have experience into auditing manufacturing sector clients?

Experience

• Statutory audit: 1 year (Required)

Work Location: In person