Audit Quality Manager RCA
Location
Central London | United Kingdom
Job description
Audit Quality Manager RCA (3599)
Job Purpose
Our audit work and audit teams are supported by the Audit Quality Support Team (AQST) who deliver the foundations for audit quality in the form of policies, procedures, templates, guidance and training in line with the Group Mazars audit approach and relevant auditing, ethical and accounting standards.
Our AQST plays a vital role in supporting our audit practice. In this role, you will be part of a growing and dynamic team responsible for the monitoring and remediation process, primarily the Root Cause Analysis (RCA), and Post Implementation Reviews (PIRs).
In recent years there has been a transition when responding to quality review findings to not just setting out an action plan to address a key failing or issue, but to understanding why it happened, with the objective of preventing it re-occurring.
A key objective of RCA is to improve audit quality by having a better understanding of how audits can improve. It is part of a continuous improvement cycle of inspecting audits, identifying deficiencies, investigating the root causes for deficiencies, and improving the firms' ability to act on them through implementing effective remedial actions.
The implementation of International Standard on Quality Management (ISQM) 1 and increased importance and benefits gained from RCA has led the firm to seek a new resource in the RCA team as part of our commitment to continuously improve audit quality.
The role involves interaction with various stakeholders, to understand root causes of quality findings or deficiencies highlighted through internal and external review processes or through ISQM1 evaluation.
Additionally, the role involves managing the PIRs process. PIRs is a process of reviewing and evaluating the implementation and effectiveness of a remedial action that has been completed and operational for a period of time.
This is a high-profile role which aims to have a significant impact on how the firm defines and delivers quality in its audit and assurance work.
Root Cause Analysis responsibilities
The role provides an opportunity to join the RCA team at a time when the firm is experiencing significant growth.
- Assist the RCA Lead to develop an annual RCA plan, including the development of new approaches and strategies.
- Manage aspects of the RCA review programme, this will include developing the approach for individual RCAs, facts gathering, analysing the findings and producing a plan for the RCA interviews.
- Facilitate RCA reviews with the audit teams and identify root causes and appropriate responses.
- Facilitate workshop style discussions around raised themes and ideas, including thematic reviews.
- Project management of key stakeholders in the RCA process including the resolution of any challenges.
- Present findings at meetings and in a report format, as well as training sessions.
- Produce documentation from the Root Cause Analysis area and ensure reporting requirements to the Audit Executive Committee and other stakeholders are adhered to.
- Input into the design of remedial actions to address identified root causes.
- Maintain and monitor the RCA database and RCA dashboard.
- Drive continuous improvement through innovation and transformation, embracing change and challenging the way we do things to develop new ways of working.
Post Implementation Reviews (PIRs) responsibilities
- Assist the PIRs Lead to develop an annual plan for the PIRs programme.
- Manage the PIRs programme, this will include developing the approach for individual PIRs, data and evidence gathering and conducting interviews and focus group workshops.
- Review and evaluate the effectiveness of implementation and actions in collaboration with relevant stakeholders.
- Prepare PIRs reports to be presented to the Audit Executive Committee and other stakeholders.
What we offer
- Continuous learning -you will develop the mindset and skills to navigate whatever comes next ;
- Success as defined by you – We will provide the tools and flexibility, so you can make a meaningful impact, your way;
- Supportive leadership: We will give you the insights, coaching and confidence to be the leader the world needs;
- Diverse and inclusive culture: You'll be embraced for who you are and empowered to bring the change you want to see.
Requirements
To qualify for the role, you must have:
- A passion for audit quality and continuous improvement.
- Audit experience and a relevant accounting qualification, such as the ACA, CPA or ACCA or equivalent.
- Experience in working on audit engagements, preferably of large and/or listed entities.
- The ability to drive creative thinking, connect ideas and insights from other industries and businesses.
- Ability to hold challenging discussions with an open mindset.
- Report writing, presentation and interpersonal skills, including excellent written and verbal communications skills.
- Robust project management skills.
- The ability to build relationships across the firm.
- The ability to identify and drive the use of best practice to deliver improvement in audit quality.
- Experience of root cause analysis is desirable but not essential as continuous training will be provided.
For further information, and to apply, please visit our website via the “Apply” button below.
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