Audit Associate

Position: Audit Associate Role OverviewWe are seeking a detail-oriented and analytical Audit Associate with 2–3 years of relevant audit experience to join our growing audit team. The successful candidate will be involved in statutory audits, audit testing procedures, financial statement preparation, and supporting compliance-related engagements across various industries. Key Responsibilities 1. Statutory Audit· Perform statutory audit engagements in compliance with Malaysian Financial Reporting Standards (MFRS), MPERS, and International Standards on Auditing (ISA).· Assist in planning and executing audit procedures to ensure timely completion of assignments.· Identify audit risks and propose appropriate audit responses. 2. Data Sanitisation & Analysis· Clean, validate, and organize client financial data to ensure completeness and accuracy.· Perform data sorting, filtering, and analytical procedures to support audit testing. 3. Audit Confirmations (Manual & Electronic)· Prepare and send audit confirmation requests (bank, trade receivables, payables, legal confirmations).· Follow up on outstanding confirmations.· Handle electronic confirmation platforms where applicable. 4. KYC (Know Your Client)· Perform KYC procedures in accordance with firm policies and AML requirements.· Review and verify client corporate documents and beneficial ownership details. 5. Journal Entry Testing· Perform journal entry completeness testing and review unusual or high-risk journal entries.· Identify potential irregularities and escalate findings to seniors/managers. 6. Dormant Entity Audit· Conduct audit procedures for dormant companies.· Verify compliance with Companies Act 2016 requirements for dormant entities. 7. Drafting of Financial Statements· Assist in drafting audited financial statements in compliance with MFRS/MPERS.· Prepare supporting notes and disclosures. 8. Sampling & Audit Testing· Perform sampling calculations in accordance with audit methodology.· Conduct substantive and compliance testing.· Document findings in audit working papers. 9. Roll Forward of Audit Schedules· Roll forward prior year audit schedules and working papers.· Update lead schedules and ensure proper documentation for current year audit. Requirements· Bachelor’s Degree in Accounting, Finance, or related field.· 2–3 years of experience in external audit (audit firm experience required).· Familiarity with IFRS and ISA.· Proficiency in Microsoft Excel (data sorting, pivot tables, basic formulas).· Experience with audit software is an advantage.· Strong analytical skills and attention to detail.· Good written and verbal communication skills.· Ability to meet tight deadlines during peak audit periods. Preferred Qualifications· ACCA / CPA / ICAEW (partially qualified or pursuing).· Experience handling SME and dormant entity audits.· Exposure to electronic confirmation platforms.