Audit Assistant Manager at Ernst & Young (2023-04 – 2023-06)
As an assistant manager in the consumer industries division within assurance I had to following responsibilities:
- Liaising with other divisions' team members and management that were assisting with the audit engagement to obtain updates about the status of the work performed and to communicate deadlines.
- Assisting with the planning of resources/team members on the audit engagements.
- Allocating work among the audit team members accordingly based on the relevant trainee level.
- Setting up trainees on work that has been allocated to them and reviewing work that has been performed by trainees and providing the necessary coaching where necessary.
Client Services Executive at Ernst & Young (2023-01 – 2023-03)
As a client services executive I was virtually outsourced to assist on UK & Ireland audit engagements by EY SA to EY UK. I obtained an understanding and knowledge of the different auditing standards and legislation that are applicable to UK and Ireland companies during the audit engagements.
Audit Trainee at Ernst & Young (2020-01 – 2022-12)
As an audit trainee with most of my clients in the consumer industry, I had the privilege of working on audits with clients such as Tigerbrands, Siemens Mobility, Coca Cola Appletiser and Goldrush. I had the following responsibilities on my audit engagements:
- Determining and calculating the materiality figures to be used to the determine material misstatements on audit engagement.
- Communicating significant matters to the audit engagement partner through setting up meeting with the partner to present these matters.
- Performing risk assessment procedures during the planning phase of the audit such as obtaining an understanding of the client processes and the applicable significant and fraud risks, determining whether a control or substantive approach will be followed based on whether we have determined that we will rely on the client's controls, determining which accounts are material for our audit purpose and determining the materiality figure.
- Performing substantive work on the following accounts revenue, cost of sales, operating expenses, income taxes, finances income & expenses, PPE, trade receivables & payables, payroll, equity, intercompany and VAT.
- Executing the procedures on the relevant accounts based on our audit strategy. This include the use of detailed data analytics to audit revenue by using the revenue data as a whole instead of following a sampling approach, when assessing that the movement in revenue is in line with our expectation and the correlated accounts such as cost of sales.
- Assisting with allocating work to first- and second-year trainees and further assisting trainees in setting them up on the work that the trainees need to complete.
- Setting up and conducting internal meetings with the audit team to take note of the status of the audit progress. Having client meetings to communicate the status of the audit and any outstanding items that the client needs to provide.
- Performing the income tax for companies using the applicable income tax legislation and employees' tax.
- Preparing the schedule of misstatements to be communicated to the client.
- Performing going concern analysis on the companies by calculating and analyzing the following ratios profitability, liquidity, solvency and operating efficiency ratios.
- Reviewed the draft Annual Financial Statements for multiple entities (containing the directors' reports, income statement, statement of comprehensive income, balance sheet, statement of cash flows, statement of stockholders' equity and notes the financial statements), suggesting relevant changes to management and reviewing the final statements prior to partner review and being issued.
- Performed an assessment of the value in use of an intangible asset through assessing the inputs used i.e. the cash flows and the discount rate used.
Cost Accounting Marker at University of the Free State (2017-02 – 2017-06)
- Marking cost accounting scripts for second year cost accounting students.
- Writing the tests before having the opportunity to mark them helped refresh the costing principles for my studies as a third year student.
