Our client is responsible for promoting transparency and integrity in business. They are the UK Competent Authority for audit and set the UK Corporate Governance and Stewardship Codes as well as UK standards for accounting, auditing and actuarial work. They monitor and take action to promote the quality of corporate reporting and operate independent enforcement arrangements for accountants and actuaries
The Audit Inspection & Supervision (AIS) team, formerly “Audit Quality Review (AQR)”, monitors the quality of listed and major public interest audits undertaken by the major UK audit firms and is a leading international audit regulator, playing a significant role globally in the promotion and development of audit regulation.
This team is being expanded to enhance their forward-looking supervision of the largest audit firms alongside an expanded programme of audit inspections/file reviews. A key part of this change is appointing Supervisors who will lead our engagement with individual audit firms to promote audit quality and audit market resilience.
Successful candidates will supervise the largest UK audit firms, including being the main point of contact with senior partners and staff at those firms. Supervisors will oversee monitoring of the firm’s actions to improve audit quality and meet ethical requirements.
This will include bringing together work performed across the organisation at a firm specific level, including inspection of individual audits (AIS) and cross-firm reviews of firm-wide arrangements (AMS) to support audit quality.
This is an exciting time to work at our client as they respond to the government-led reviews of the audit market, enhance our effectiveness and transition to a stronger regulator.
The role provides a unique insight into how the major audit firms operate and how they are responding to current issues in the profession and the changes in regulatory requirements.
Successful candidates will have the satisfaction of being able to influence the practices and procedures of the major audit firms to enhance audit quality and audit market resilience.
They will have the opportunity to help create a supervision function for audit firms and to influence the regulatory framework for the audit market at a time of change. They will lead significant elements of the regulation of audit, including, for at least one of the major audit firms
The ideal person will have….
Rewards and benefits